Enterpreneurship Development

Entrepreneurship Development

Lesson 07 :Government polices and schemes for entrepreneurship

The specific agencies are

• National Level Standing Committee on Women Entrepreneurs. This was constituted under the chairmanship of the Minister of State for Sports, Youth Affairs, Women and Child Welfare to look into the problems of promotion of entrepreneurship among women in the country.
• Andhra Pradesh Women’s Cooperative Finance Corporation Limited. (APWCFC)

This organization was established in 1975 on the eve of “International Women’s Year”, in order to promote equality between men and women, and for active involvement of women in National development . APWCFC provides financial assistance vocational training at Telugu Bala Mahila Pragati Pranganam, construction of work sheds, working women hostel construction and provide a sales outlet.

The relative benefits that are available to women entrepreneurs compared to men entrepreneurs are:

S.no	Nature of assistance	Availability to Entrepreneur
		Men	Women
1	State subsidy on investment in plant and machinery in specified backward areas and for specified industries.	Available	Available
2	Sales tax waiver, generator subsidy and power tariff concession for specified periods and locations.	Available	Available
3	Self employment loan for educated unemployed youth	Available	Available on priority
4	Entrepreneurship development training programme through various institutes	Available	Available on priority
5	Term loan with entrepreneurs contribution limited to 15% as against normal minimum contribution of 25% from entrepreneurs	Not available	Available
6	Special rate of interest on loans up to Rs 10 lakhs limit	Not available	Available
7	Marketing assistance	Available	Available on priority
8	Industrial sheds in Government estate	Available	Available on priority
9	Scarce raw material imports and other licenses	Available	Available on priority