Training and Entrepreneurship Development Programme in India Entrepreneurship Management Training and Entrepreneurship Development Programme in India Importance of training Methods of training EDP- Need and importance Phases of EDP Selection of entrepreneurs for EDP Training programme - Course contents Pre requisites of EDP Organisations providing EDP

Importance of Training Entrepreneurship Management Ensures availability of skilled manpower at all management levels Enhancing abilities, potential among entrepreneurs Increase efficiency Maintain and enhance product quality Minimise wastages in production process Minimise accidents on the job Reduce fatigue and increase speed of work Standardisation in industry and internal processes

Entrepreneurship Management Methods of Training Entrepreneurship Management Individual instruction Group instruction Lecture method Demonstration method Written instruction method Conference Meetings

Entrepreneurship Management EDP Entrepreneurship Management Designed with an aim of encouraging self employment Imparts training and motivates potential and existing entrepreneurs to start new business or diversify and expand the existing one Helps employment and wealth creation among educated unemployed youth Well equipped to face risks and challenges as an entrepreneur Government needs considerable human and material resource, importance to detailed planning & implementation

Entrepreneurship Management Phases of EDP Entrepreneurship Management Select area from existing government policy guidelines/socio-economic reports Techno-economic survey of the selected area; feasibility study Identify potential and existing entrepreneurs interested in starting new business/expansion/diversification Training Follow up and consultancy services

Selection of entrepreneurs for EDP Entrepreneurship Management The programme is well publicised and promoted to attract maximum applications for screening Selection of top 25 to 30 applicants only Applications screened for: Demographics and socio cultural data – age, education, work exp, financial resources, type of business etc Motivation factors – pull factors, source of encouragement, credibility, endurance, concreteness of plans Psychological test results- traits like risk taking, need for achievement

Training – Course contents Entrepreneurship Management Introduction to entrepreneurship Motivation training Essentials of management Fundamentals of project feasibility study Organising the business Plant visit

Entrepreneurship Management Pre requisites of EDP Entrepreneurship Management Selection of entrepreneurs Inputs for EDP Support system Follow up

Organisations providing EDP Entrepreneurship Management Organisations providing EDP

Entrepreneurship Management National Institute for entrepreneurship and Small Business Development (NIESBUD) Entrepreneurship Management Established by Government of India in 1983 An apex body for coordination and supervision on activities of various institutes engaged in entrepreneurial development Helps evolution of EDP, model syllabi, effective training strategies, methodology, manuals and tools Activities undertaken: Organise and conduct training programmes Coordinate training activities of various agencies/institutes Provide affiliation to such institutes Hold examinations and confer certificates to trainers and trainees

Small Industries Service Institutes (SISI) Entrepreneurship Management Three months part time evening courses in management 4-6 weeks part time courses in intensive training in functional areas (marketing, finance) Special courses in quality control, HR, production planning, product development etc Mobile workshops imparting training on correct usage of tools and equipment Helps with preparation of plant layouts Helps individual firms on specific problems faced

Small Industries Development Organisation (SIDO) Entrepreneurship Management Runs EDP in collaboration with financial institutes, directorate of industries Gives on the job training on shop floor (carpentry, electrical devices) Sends its officials/trainers to organisations to update their knowledge

National Small Industries Corporation (NSIC) Entrepreneurship Management Provides apprenticeship for 2 years Training supervisory staff of SSI up to 2 years Training to engineers up to 2 years Training workmen for 12 months Training to set up own venture Advice on machinery and components Production of technologically advanced machines

Entrepreneurship Development Institute of India (EDII) Entrepreneurship Management Develops programmes for entrepreneurial training and development Develops innovative training techniques for trainers Focused attention on women entrepreneurs with first such EDP in 1988 EDP for rural entrepreneurship development in U.P and Orissa Famous for organising camps on entrepreneurship Condusted EDP in Sri Lanka, Nepal, Ghana, Kenya etc

National Alliance of Young Entrepreneurs (NAYE) Entrepreneurship Management Contribution in encouraging women entrepreneurship Set up women’s wing in 1975 This wing assists women in: Getting better access to resources, infrastructure, markets Identify investment opportunities Attending to problems of individual industries Sponsor participation in trade fairs, exhibitions, conferences Organise seminars, training programmes, workshops