Department of Technical Education

Andhra Pradesh
Name : G.V. Raghu Nath
Designation : Senior Lecturer
Branch : Mechanical Engineering
Institute : Govt. Polytechnic (w), Bheemunipatnam
Visakhapatnam Dist
Year/Semester : VI Semester
Subject : Industrial Management and Entrepreneurship
Subject Code : 9EE602
Topic : Role of Entrepreneur and Entrepreneurial
Development
Duration : 100min
Sub-Topic : Need for planned and coordinated effect
Follow up and institutional support
Financial assistance programmes
Teaching Aid : PPT
Revised : B.S.L.Prasanna
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 Recap

In the last class, we discussed about various types of

• Plant layouts

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 Objectives

On completion of this period,you would be able to know

• Need for a planned and coordinated effort

• Follow up and institutional support needed

• Financial assistance programmes

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 Need For Planned And Coordinated Effort

• An entrepreneur should take expert opinion of

industrialists, bankers, professional consultants for

planning and managing their enterprise

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 Need For Planned And Coordinated Effort

An entrepreneur should be aware of

• Scope for new products

• Assistance available from various agencies

• Marketing facilities

• Procedure for registration of the firm

• Details of raw material and machinery

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 Follow up and institutional support

Various organizations and institutions have been set-up for

the promotion support of the entrepreneurs especially in
the areas of
• Technical
• Financial
• Managerial
• Marketing
• Infrastructure

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 Supporting Institutions

• National level institutions

• State level institutions

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 National level institutions

• Small Industries Development Organization (SIDO)

• National Small Industries Corporation (NSIC)

• National institute for entrepreneurship and small

business

• Central Institute of Tool Design (CITD)

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 National level institutions

• Small Industries Service Institute (SISI)

• Entrepreneurship Development Institute of India (EDII)

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 State Level Institutions

• Directorate of Industries

• District Industries Centre (DIC)

• A.P Industrial Development Corporation

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 State level Institution

• A.P State Small Industries Development Corporation

(APSSIDC).

• A.P Industrial Infrastructure Corporation (APIIC).

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 Services provided
by
National Level Institutions

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 Small industries development organization
(SIDO)

SIDO provides services like:

• Entrepreneurship development programmes

• Management training

• Skill development

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(Contd..)

• Preparation of product profiles

• Market supports

• Plant modernization
• Three national awards/year for out standing SSI
entrepreneur in the country.

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 National Small Industries Corporation
Limited (NSIC)

NSIC provides services like

• Machinery and equipment purchase and lease

• Financial assistance

• Assistance for procurement of raw material

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(Contd..)

• Marketing assistance

• Government stores purchase

• Technology transfer centers

• Export programmers.

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 National Institute Of Small Industries
Extension And Training (NISIET)

NISIET Trains
• Entrepreneurs

• Managers/Officers of the govt.

• Research and consultancy for SSI.

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 Services Rendered
by
State Level Institutions

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 Directorate Of Industries

The main function is

• Promotion and development of the small industries

sector.

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 District industries centre (DIC)

The main functions are

• Economic investigation of local resources

• Supply of machinery and equipment

• Provision of raw materials

• Marketing.

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 A.P state industries development
corporation (APSSIDC)

The main functions are:

• Supply of machinery

• Raw materials

• Marketing assistance

• Seed capital assistance

• Construction of industries estates.

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A.P Industrial Infrastructure Corporation
(APIIC)
APIIC helps in providing infrastructure like

• Industrial estates

• Sheds

• Internal roads

• Power

• Water
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 Financial assistance

Financial assistance and credit facilities assistance to SSI

units are available with the following institutions and banks.

• Industrial development banks

• Commercial banks

• Investment corporations.
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 Financial assistance (Contd..)
The financial assistance is provided for purchase of
• Raw materials

• Machinery and equipment

• Construction of factory premises

And also to meet the needs of

• Working capital.

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 Schemes of Financial Organization

• Bills discounting

• Refinance scheme for rehabilitation and modernization of

small enterprise
• Seed capital scheme

• Working capital scheme

• Special finance schemes for artisans, SC/ST/PH and

women entrepreneurs.

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 Financial Institutions

1. Small Industries Development Bank Of India (SIDBI)

2. National Small Industries Corporation (NSIC)

3. Industrial Finance Corporation Of India (IFCI)

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• Industrial Credit and Investment Corporation of India (ICICI )

• National Bank for Agriculture and Rural Development

(NABARD)
• Life Insurance Corporation of India (LIC)

• Unit Trust of India (UTI)

• A.P State Financial Corporation (APSFC)

• Commercial Banks.

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 Summary

In this class, we have learnt about

• Various organization which are helping an entrepreneur

in many ways.

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 Quiz

1. Under national equities fund scheme ,which bank

provides financial assistance.

a. SIDBI

b. APSFC

c. I CICI

d. NABARD

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 Frequently asked questions

1. What is need of follow up in Entrepreneurship.

2. List out at least eight agencies and professional bodies

that are helping for promotion of small scale Industries.

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