Small Business Development in INDIA

8/8/2019 Small Business Development in INDIA

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Small Business

development in India

| ANSHUMAN CHAURASIA | 0921403 |


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Key functions

FINANCIAL ASSISTANCE

CONTRACT OPPORTUNITIES

DISASTER ASSISTANCE

TRAINING COUNSELLING & ASSISTANCE

COMPLIANCE TO LAWS/REGULATIONS


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SIDBI

April 2,1990 Principal Functions

Promotion Financing

Development of Industries in the small scalesector and

Co-ordinating the functions of other institutionsengaged in similar activities.

To empower the Micro, Small and Medium

Enterprises (MSME) sector with a view tocontributing to the process of economicgrowth, employment generation andbalanced regional development.


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PRODUCTS AND SERVICES

DIRECT FINANCE

BILLS FINANCE

REFINANCE

INTERNATIONAL FINANCE MICRO FINANCE

GOVERNMENT SUBSIDY SCHEMES

PROMOTIONAL ACTIVITIES


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NIESBUD Established by Ministry of Industries. Co-ordinating, training and overseeing the

activities of various institutions/ agenciesengaged in Entrepreneurship.

Development Particularly in the area of smallindustry and small business.

Noida | 1983 |


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To standardised materials and processes forselection, training, support and sustenance ofentrepreneurs.

To provide vital information and support totrainers, promoters and entrepreneurs.

To train trainers, promoters and consultants invarious areas of entrepreneurship

development.To provide national/international forums for

interaction and exchange of experienceshelpful for policy formulation

To share internationally experience and expertisein entrepreneurship development.


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EntrepreneurshipDevelopment Institute of India

An autonomous body | 1983 | IDBI, IFCI, ICICI& SBI | Government of Gujarat |

EDI aims at: creating a multiplier effect on opportunities for

self-employment augmenting the supply of competent

entrepreneurs through training

participating in institution building efforts

inculcating the spirit of 'Entrepreneurship' inyouth

promoting micro enterprises at rural level

developing and disseminating new knowledgeand insights in entrepreneurial theory and

practice through research


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facilitating corporate excellence throughcreating intrapreneurs

improving managerial capabilities of small scaleindustries

sensitising the support system to facilitatepotential and existing entrepreneurs establishand manage their enterprises

collaborating with similar organisations in Indiaand other developing countries to accomplish

the above objectives.


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SMALL INDUSTRIES SERVICEINSTITUTES (SISIs)

28 SISIs and 30 Branch SISIs set up in Statecapitals and other industrial cities all overthe country.


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Availability of bank credit without the hasslesof collaterals / third party guarantees.

To strengthen credit delivery system andfacilitate flow of credit to the MSE sector.

The main objective is that the lender shouldgive importance to project viability andsecure the credit facility purely on theprimary security of the assets financed.

Lender availing guarantee facility shouldendeavour to give composite credit to theborrowers so that the borrowers obtain bothterm loan and working capital facilities froma single agency.


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Country's first Rating agency that focusesprimarily on the Indian Micro, Small andMedium Enterprise (MSME) segment.

To provide Ratings that are comprehensive,

transparent and reliable. This wouldfacilitate greater and easier flow of creditfrom the banking sector to MSMEs.


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benefits

Wide Recognition and Acceptance

Memorandum of Understanding (MOU)with Banks

Favourable borrowing terms Faster Access to Credit

Lower Rating Fees

Fair evaluation amongst peers


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SIDBI Venture Capital Limited (SVCL) is awholly owned subsidiary of SIDBI,incorporated in July 1999.

"To catalyse entrepreneurship by

providing capital and other strategicinputs for building businesses aroundgrowth opportunities and maximizereturns on investment

National Venture Fund For Software and ITIndustry (NFSIT) | SME Growth Fund


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SCHEMES :- Bank credit facilitation

Export Credit Insurance

Performance & Credit Rating

Raw Material Assistance Exports

Bill Discounting Scheme

Government Purchase

Exhibitions Infomediary

Marketing Intelligence Services


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To provide handholding support andassistance to the potential first generationentrepreneurs, who have alreadysuccessfully completed EDP/SDP/ESDP or

vocational training from ITIs, through theselected lead agencies i.e. 'Udyami Mitras.


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Small Business Development in INDIA

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