SPECIAL AGENCIES FOR

ENTREPRENEURIAL
DEVELOPMENT &
TRAINING
INTRODUCTION

■ PROVIDES FINANCE WHICH IS A KEY FACTOR FOR ENTREPRENEURSHIP

DEVELOPMENT
■ AFTER INDEPENDENCE THE INDIAN ECONOMY GAVE IMPORTANCE
TOENTREPRENEURSHIP DEVELOPMENT BECAUSE OF ITS MERITS.
■ SPECIAL AGENCIES CONTRIBUTED TOWARS THE DEVELOPMENT OF MANY
ENTREPRENEURS
■ SEVERAL PRIVATE AND PUBLIC INSTITUTION ARE NOW ENGAGED IN
ENTREPRENEURIAL DEVELOPMENT PROGRAMMES WHICH ARE
DISCUSSED BELOW:
1. DEVELOPMENT BANKS

1. It is a specialized financial institution.

2. It provides medium and long term finance to business units.

3. Unlike commercial banks, it does not accept deposits from the public.

4. It is essentially a development-oriented bank. Its primary object is to promote economic development by

promoting investment and entrepreneurial activity in a developing economy. It encourages new and small
entrepreneurs and seeks balanced regional growth.

5. It provides financial assistance not only to the private sector but also to the public sector undertakings.

6. It aims at promoting the saving and investment habit in the community.

7. Its motive is to serve public interest rather than to make profits. It works in the general interest of the nation.
2. TECHNICAL CONSULTANCY
ORGANISATION (TCO)
■ PROVIDES HIGH QUALITY TECHNICAL CONSULTANCY SERVICES TO
IMPROVE THEIR OPERATIONAL, EFFICIENCY AND PRODUCT QUALITY.

■ THERE ARE 17 TCO’S OPERATING IN THE VARIOUS STATES.

■ IT PROVIDES GREAT ASSISTANCE TO PEOPLE WITH NO TECHNICAL

BACKGROUND.

■ KITCO IS AN EXAMPLE.
 3. NATIONAL INSTITUTE FOR
ENTREPRENEURSHIP AND SMALL
BUSINESS DEVELOPMENT (NIESBUD)
■ ESTABLISHED IN 1983 BY THE MINISTRY OF INDUSTRY.

■ IT FUNCTIONS AS AN APEX BODY FOR CORDINATING THE ACTIVITIES

DONE BY VARIOUS INSTITUTIONS.

■ IT LIMITS ITS TRAINING ONLY TI NEW PROGRAMS.