Institutional Support Systems for Small Entrepreneurs – A Guide

Institutional Support Systems for Small Entrepreneurs - A Guide

Hello, The contribution of small scale industries and businesses to the Indian economy is simply unfathomable. He not only creates wealth and employment, but he is also a big factor in social development.

In fact, their importance is so great, that we have a special ministry dedicated to micro, small and medium industries. So let’s know how our government develops and develops these small industries. We will throw light in this context. Let us have a look.

What is the institutional support system process for small entrepreneurs – a guide

SIDO (Small Industries Development Organisation)

SIDO is subordinate to one of the departments of SSI and ARI. It is an apex body and monitors policies for the formulation, coordination, and monitoring of policies and programs for the promotion and development of small scale industries. This SIDO is classified into three main types of functions. We will look at some detail.

  1. Coordination: To evolve national policies, to coordinate between various govt in India. Coordinate the programs for the development of industrial estates.
  2. Industrial Development: It is to reserve goods for production by small scale industries, to provide the necessary support for the development of ancillary units.
  3. Scope: This technical process is to improve production, selection of suitable machinery, factory layout, and design.

NSIC (National Small Industries Corporation Ltd)

Considered under the Union Ministry of Industry, these NSIC and enterprises were established in 1955, and to provide machinery on the repurchase scheme to SSI, to promote, support, and promote the development of small scale industries in the country.

To provide equipment leasing, SSI’s products to help in export marketing, and to participate in the government’s bulk procurement program, various industrial For training in trades, to the construction of industrial estates.

SSIB (Small Scale Industries Board)

This Government of India formed an SSIB in 1954 to advise on the development of small scale industries in the country. And SSIB is also known as Central Small Industries Board. And SSIB is designed to facilitate coordination and inter-institutional contacts.

This, supreme advisory body to serve the government on all issues related to the development of SSI. The industrial minister is the chairman.

SSIDC (State Small Industries Development Corporations)

This SSIDC was established under the Companies Act 1956 in various states, as the state government undertakes under this jurisdiction to cater to the primary developmental needs of the tine, village industries in the state union territories. Which has Four important functions? We look at these four.

  • It is for the purchase and distribution of rare raw materials.
  • This happens to supply machinery on the hire purchase system.
  • This is to provide support for the marketing of SSI products.
  • It is to construct industrial estates or sheds, provide associated infrastructure facilities, and maintain them.

SISIs (Small Industries Service Institutes)

This SISIs has been established to provide mentoring and training to both existing and potential small entrepreneurs. And these are the main functions which Technical support services have to be rendered to serve as an interface between the central and state government. And to conduct EDP programs to supply promotional programs.

DICs (The District Industries Centres)

DICs was launched on 8 May 1978 with the objective of providing an integrated administrative framework at a separate level to promote small scale industries in rural areas. Functions: The role of DICs is mainly of three types of promotion and development. Let us look at it.

This, takes into account the availability of resources in terms of material and human skills, demand for infrastructure for the product, etc., to conduct industrial prospective surveys, prepare techno-economic surveys and identify product lines and then invest entrepreneurs. To provide advice.

  • To prepare an action to e ectively implement the schemes identi ID.
  • This, to guide entrepreneurs in most selection related matters
  • Appropriate machinery and equipment sources of supply and process for the purchase of imported machinery.

TCO (Technical Consultancy Organisation)

A network of technical consultancy organizations was established by the All India Financial Institutions in the seventies and eighties in collaboration with the state-level financial and development institutions and commercial banks to cater to the consultancy needs of small businesses and new entrepreneurs.

How many financial institutions are there?

We have shed light on this sort form and full form.

  • Commercial Bank (District Wise in India)
  • IDBI – (Industrial Development Bank of India)
  • IFCI – (Industrial Finance Corporation of India Limited)
  • ICICI – (Industrial Credit and Investment Corporation of India)
  • LIC – (Life Insurance Corporation of India)
  • UTI – (Unit Trust of India)
  • SFCs – (State Financial Corporations)
  • SIDBI – (Small Industries Development Bank of India)
  • EXIM BANK – (Export-Import (EXIM) Bank of India)

Support Institutions

  • NSIC – (National Small Industries Corporation Limited)
  • SIDO – (Small Industries Development Organization)
  • SSIB – (Small Scale Industries Board)
  • SSIDC – (Small Scale Industries Development Corporation)
  • SISIs – (The small industries service institutes)
  • DICS – (The small industries service institutes)
  • INDUSTRIAL ESTATES- (Industrial region, industrial park, industrial area, industrial zone, etc.)

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