PRESENTED BY-

AAYUSH ARORA
RONAK BHANDARI
 INTRODUCTION
 India ranks 11th among G20 countries in Access to funding
category.
 Standing 11th in Entrepreneurship culture, 69 per cent of
entrepreneurs have mentioned that Indian environment
promotes culture for entrepreneurship, against 57 per cent
among G20 countries.
 Tax and regulation for entrepreneurial activities in India is
not conducive and the country stands at 19th position
among G20 countries
Who is an entrepreneur
 Entrepreneurship is defined as the process of making money,
earning profits and increasing the wealth while posing
characteristics such as risk taking, management, leadership and
innovation. The term entrepreneurship is a complicated term
and gives various meaning depending on the situation.

 The word entrepreneur has a French origin. It originated during

the Middle Ages when the term entrepreneur was applied to “the
man in charge of the great architectural works: castles and
fortifications, public buildings, abbeys and cathedrals”. It is
derived from the French word, entreprendre, which means “to
undertake.” In a business context, it means to undertake a
business activity or simply to start a business. The
Merriamtebster Dictionary defines an entrepreneur as ‘one who
organizes, manages, and assumes the risks of a business or
enterprise’.
TRAITS OF AN ENTREPRENUER
 -He is a person who develops and owns his own enterprise.
 – He is a moderate risk taker and works under uncertainty for achieving the
goal.
 – He is innovative.
 - He peruses the deviant pursuits.
 – Reflects strong urge to be independent.
 – Persistently tries to do something better.
 – Dissatisfied with routine activities.
 – Prepared to withstand the hard life.
 – Determined but patient.
 – Exhibits sense of leadership.
 – Also exhibits sense of competitiveness.
 – Takes personals responsibility.
 – Oriented towards the future.
 – Tends to persist in the face to adversity.
 – Convert a situation into opportunity.
Why Government need
entrepreneurs
 Every successful entrepreneur brings about benefits not only
for himself/ herself but for the society or country as a whole. The
benefits that can be derived from entrepreneurial activities are
as follows:
 Discover new markets
 In economics, markets are people who are willing & able
to satisfy their needs is called effective demand.
Entrepreneurs create customers or buyers because they are
resourceful.
 Discover New Sources of Materials
 Due to the innovative nature of Entrepreneurs, they persist on
discovering new sources of materials to improve their
enterprises.
Continued……
 Mobilize Capital Resources
 Capital resources, from a layman’s view, refer to money. However,
in economics, capital resources represent machines, buildings &
other physical productive resources. Entrepreneurs have initiative
and self- confidence in accumulating & mobilizing capital resources
for their business
 Introduce New Technologies
 Aside from being innovators & reasonable risk-takers,
entrepreneurs take advantage of business opportunities. Every year
there are new technologies & products to satisfy human needs.
 Create Employment
 The biggest employer is the private sector. Millions of jobs are
provided by factories, service industries, agricultural enterprises &
small-scale businesses.
Govt. Policies forEntrepreneurs
 Startup India: Through the Startup India initiative,
Government of India promotes entrepreneurship by mentoring,
nurturing and facilitating startups throughout their life cycle.
Since its launch in January 2016, the initiative has successfully
given a head start to numerous aspiring entrepreneurs.
 Make in India: Designed to transform India into a global design
and manufacturing hub, the Make in India initiative was
launched in September 2014
 Atal Innovation Mission (AIM): AIM is the Government of
India’s Endeavour to promote a culture of innovation and
entrepreneurship, and it serves as a platform for promotion of
world-class Innovation Hubs, Grand Challenges, start-up
businesses and other self-employment activities, particularly in
technology driven areas.
Continued..
 National Bank for Agriculture and Rural Development (NABARD)-
NABARD was established in 1982 to promote integrated rural
development. Since then, it has keep on adapting multi dimensions
strategy for the promotion of rural business. Not only agriculture
but it also supports small industries, cottage and village industries,
and rural artisans using credit and non-credit approaches. It also
offers counseling and consultancy services and organizes various
training and development programs for rural entrepreneurs.
 Jan Dhan- Aadhaar- Mobile (JAM): JAM, for the first time, is a
technological intervention that enables direct transfer of subsidies
to intended beneficiaries and, therefore, eliminates all
intermediaries and leakages in the system, which has a potential
impact on the lives of millions of Indian citizens.
 Digital India: The Digital India initiative was launched to modernize
the Indian economy to makes all government services available
electronically
Continued…
 Scheme of Fund for Regeneration of Traditional Industries (SFURTI)- The
Central Government set up this fund with Rs. 100 crores allocation in the year
2005 which is implemented by the Ministry of Agro and Rural Industries in
collaboration with State Governments. The main objectives of the scheme are
as follows:
 To build innovative and traditional skills, improve technologies and
encourage public-private partnerships, develop market intelligence etc., to
make them competitive, profitable and sustainable; and
 To create sustained employment opportunities in traditional industries.
 Rural and Women Entrepreneurship Development (RWED)- The Rural and
Women Entrepreneurship Development programs aims at promoting a
suitable business environment and to encourage and support the
entrepreneurial initiatives of people and specially women.
RWE provides the following services:
 Creating a business environment that encourages initiatives of rural and
women entrepreneurs.
 Providing training manuals for women entrepreneurs and training them.
Future challenges for Govt.
• Create up-to-date information source for start-up
entrepreneurs in the form of source books, web portals
and ‘one stop shops’ and widen dissemination of all
relevant information.
• Introduce a Single Unique Company Number to be used
by new businesses for company, social security and tax
registrations.
• Improve the current Single Window System of getting
clearances and introduce a Single Composite
Application Form.
• Ease the process of filing taxes by reducing the frequency
of tax payments and multiplicity of procedures.
THANK YOU