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Institutional support system is necessary at three stages enterprise development: Inception or Promotion Day-to-day management Expansion and Diversification
Three dimensions of institutional support system are: Central Government State Government Non-government Support System
Financial Institutions Selected Public Enterprises Industry Associations Eminent experts in the field
Services offered by NABARD: Attracting youth to rural non-farm sector. District Industries Rural Project (DRIP). Rural Entrepreneurship Development Programme (REDP).
To provide wide range of extension services through allied institutions To promote facilities for technology upgradation To offer consultancy services
Entrepreneurship development and Management training. Efforts for skill development. Preparation of feasibility reports for different products. Provision of testing services. Availability of tool room facilities.
Development of markets. Development of infrastructure. Discounting of bills of manufacturer-seller in selling either equipments or components.
Objectives: Provide term loans for the acquisition of land, building, plant and machinery. Promotion of self-employment. Encourage women entrepreneurs. Expansion of industry. Provide seed capital assistance.
Important functions performed are: Procurement and distribution of raw materials. Supply of machine on hire-purchase basis. Construction of industrial estates. Providing assistance for marketing of products of SSI.
Services of TCOs include: Preparation of project profiles. Undertaking industrial potential surveys. Identification of potential entrepreneurs. Undertaking market research. Project supervision and rendering technical and administrative assistance. Conducting EDPs.
NON-GOVERNMENT INSTITUTES
CONCLUSION
The most important development in the postindependence period has been the growth of a number of key institutions to promote, assist and develop entrepreneurs to initiate industrial growth in the country. The country has laid a strong foundation broad based its infrastructure and provided much needed support and assistance.
REFERENCES
Entrepreneurship and Small Business Management -M. B. SHUKLA The Dynamics of Entrepreneurship Development and Management -VASANT DESAI
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