ED UNIT 2 PART 2
Role of Government in Entrepreneurial Development Programme (EDP)
1. Policy Formulation and Support
The government makes policies to promote entrepreneurship.
It creates a business-friendly environment.
It provides legal support and simplifies procedures for starting businesses.
2. Financial Assistance
The government provides subsidies and grants to new entrepreneurs.
It offers low-interest loans through banks and financial institutions.
It helps entrepreneurs get credit and other financial support.
3. Training and Skill Development
The government organizes training programmes for entrepreneurs.
It develops management, marketing, and technical skills.
It works with educational institutions and experts to conduct EDPs.
4. Infrastructure Development
It provides industrial estates and business parks.
It sets up incubation centres and technology parks.
It ensures basic facilities like power, roads, and communication.
5. Creating Awareness
The government conducts awareness campaigns about entrepreneurship.
It informs people about various schemes and opportunities.
6. Facilitating Market Access
It helps entrepreneurs participate in trade fairs and exhibitions.
It supports export promotion activities.
It assists in finding domestic and international markets.
7. Monitoring and Evaluation
The government checks the progress of EDPs.
It evaluates their impact and makes improvements.
8. Encouraging Innovation
It supports research and development activities.
It promotes innovative ideas through special schemes and incentives.
Agencies promoting EDP:
1. MSME Development Institute (SIDI)
MSME Development Institute was formerly known as Small Industries Service
Institute (SISI).
Role of Government in Entrepreneurial Development Programme (EDP)
1. Policy Formulation and Support
The government makes policies to promote entrepreneurship.
It creates a business-friendly environment.
It provides legal support and simplifies procedures for starting businesses.
2. Financial Assistance
The government provides subsidies and grants to new entrepreneurs.
It offers low-interest loans through banks and financial institutions.
It helps entrepreneurs get credit and other financial support.
3. Training and Skill Development
The government organizes training programmes for entrepreneurs.
It develops management, marketing, and technical skills.
It works with educational institutions and experts to conduct EDPs.
4. Infrastructure Development
It provides industrial estates and business parks.
It sets up incubation centres and technology parks.
It ensures basic facilities like power, roads, and communication.
5. Creating Awareness
The government conducts awareness campaigns about entrepreneurship.
It informs people about various schemes and opportunities.
6. Facilitating Market Access
It helps entrepreneurs participate in trade fairs and exhibitions.
It supports export promotion activities.
It assists in finding domestic and international markets.
7. Monitoring and Evaluation
The government checks the progress of EDPs.
It evaluates their impact and makes improvements.
8. Encouraging Innovation
It supports research and development activities.
It promotes innovative ideas through special schemes and incentives.
Agencies promoting EDP:
1. MSME Development Institute (SIDI)
MSME Development Institute was formerly known as Small Industries Service
Institute (SISI).
