Government Polices and Schemes for Entrepreneurship

Entrepreneurship Development

Lesson 07 :Government polices and schemes for entrepreneurship

Government Polices and Schemes for Entrepreneurship

Origin of programmes for development of entrepreneurs ---- SIET institute. Dr. David Mc Clalland of Harvard University --- 6 experimental training programmes on achievement & motivation conducted during 1964-65 along with NISIET faculty.

  • More active business behaviour
  • Worked longer hours
  • Made more definite attempts to start new business ventures and also started new ventures.
  • Made specific investment in new fixed productive capital
  • Employed more workers.

These entrepreneurs tended to achieve relatively larger percentage increases in their gross incomes and thus demonstrated increased entrepreneurial activity.

Emergence of EDI

1969 - Birth of training efforts for entrepreneurial promotion in the country. GIIC, GIDC- credit and infrastructural facilities. 100% finance without collateral

1970 – Realization of vast potential in the country. GIIC along with other state level agencies like GIDC, GSFC and GISDC launched 3 month training programme. ---EDP. Successful 40/45 (89%)

1978 – Gujarat experiment ---Ford Foundation encouraged to test EDP in some other states.

1979 – Recognition of need for having a separate state level organization. Gujarat centre for ED came into existence.

1981 – Many development agencies organized their own EDP’s. Gujarat CED – national resource and support organization – support for education, training, research and capacity building.

1983 – IDBI (apex financial institution) collaborated with other banks and established EDI of India in April 1983
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