Entrepreneurial
Development Programme (EDP)
Success of an entrepreneurship depends on the foresight,
knowledge, optimum hard work, persistence and efficient management. The
knowledge about various aspects of business can be acquired from the
entrepreneurial development programme. The government plays a positive role in
the emergence and development of entrepreneurship by providing training,
incentives and concessions.
Entrepreneurial development programme may be defined as “a
programme designed to help an individual in strengthening his or her
entrepreneurial motive and in acquiring skills and capabilities necessary for
playing the entrepreneurial role effectively”.
The objective of entrepreneurial development programme is
presented in the figure 13.5
Entrepreneurial Development Programme is needed for the following
reasons;
Most of the under developed countries are facing the problem of
unemployment. The EDP can help in creating self-employment for the unemployed.
The programmes initiated by the government for managing the problem of
unemployment are as follows
·
NREP (National Rural Employment Programme)
·
IRDP (Integrated Rural Development Programme)
EDPs help in removal of those slums as the entrepreneurs are
provided with various schemes, incentives, subsidies and other infrastructural
facilities. It helps in controlling overcrowding in the developed areas.
Successful entrepreneurial development programme helps in
accelerating the industrialization which results in reducing the concentration
of economic power. It aims at promoting Small Scale Units which are useful for
balanced regional development.
Use of Locally Available
Resources
The entrepreneurial development programme helps in controlling and
utilizing the locally available resources through training and educating them.
EDPs also help in minimizing excessive scraps and wastage in the production
process.
Entrepreneurial development programmes help in channelizing the
talents and energies of unemployed youth. It helps and teaches the
entrepreneurs to create self-employment thereby easing social tension amongst
youth.
There are three broad phases
of Entrepreneurial Development Programme. They are as follows;
The success of EDP depends on the training carried out by the
training organization. Various activities undertaken by an organization are
·
designing of course curriculum
·
selection of faculty
·
insertion of advertisement and
·
selection of potential entrepreneurs.
During this phase, the participants are motivated and required
skills are developed in them. They are also given practical exposures in the
areas like market surveys, project preparation, report feasibility and
marketing of products and services. This training is imparted by methods such
as individual training, group training, and lecture method, written instruction
method, demonstration method, conference method and meetings.
This phase aims at developing the right type of ability and
motivation amongst potential entrepreneurs so as to enable them to set up their
own enterprises. Through follow- up, the weakness and problems may be remedied
in the future. Appraisal helps in understanding the extent of which the
entrepreneurs have selected suitable jobs. It guides them to identify right
type of project. It also aims in promoting the entrepreneurial talents.
Government has taken so many efforts in developing entrepreneurial
programme through various agencies and institutions. They are as follows;
·
National Institute for Entrepreneurial and Small Business
Development (NIESBUD)
·
Entrepreneurial Development, Institute of India (EDI)
·
Technical Consultancy Organisation (TCO)
·
Indian Investment Centre (IIC)
·
Small Industries Development Corporation (SIDC)
·
Industrial Development Bank of India (IDBI)
·
Industrial Finance Corporate India (IFCI)
·
Industrial Credit and Investment Corporation of India (ICICI)
·
National Small Scale Industrial Development Corporation (NSSIDC)
·
Small Industrial Development Bank of India (SIDBI)
·
Khadi and Village Industrial Centre (KVIC)
·
National Bank of Agencies and Rural Development (NABARD)
·
National Institute of Small Industries Extension Training (NISIET)
·
Science and Technology Entrepreneur Part (STEP).
·
Small Industries Service institute (SISI)
·
District Industries Centre (DIC)
·
State Finance Corporation (SFC)
·
State Small Industrial Corporation (SSIC)
·
State Industrial Promotion Corporation (SIPC)
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