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The for Guide NIESBUD: Objectives and Functions – IbusinessMotivation

What is NIESBUD: Objectives and Functions: This is an apex body established in 1983 by the Ministry of Industries, Government of India, for coordinating, training, and overseeing the activities of various institutions/agencies engaged in entrepreneurship development, particularly in the area of small industry and small business.

The Institute which is registered as a society under the Government of India Societies Act started functioning on 6th July 1983. The policy, direction, and guidance to the institute is provided by its governing council whose chairman is the minister of SSI. It has an executive committee.

Objectives of NIESBUD

The objectives of the institute include the following five: So that your information is accurate.

  • To provide national/international forums for the interaction and exchange of experiences
  • helpful for policy formulation and modification at various levels.
  • They provide vital information and support to trainers, promoters, and entrepreneurs by organizing research and documentation relevant to entrepreneurship development.
  • They evolve standardized materials and processes for selection, training, support, and sustenance of entrepreneurs, potential and existing.
  • They share internationally, its experience and expertise in entrepreneurship development.
  • They train the trainers, promoters, and consultants in various areas of entrepreneurship development.

Functions of NIESBUD

The Functions of the institute include the following six: So that your information is accurate.

  • Evolving effective training strategies and methodology.
  • Facilitating and supporting central/state/other agencies in organizing entrepreneurship development programs.
  • Conducting training programs for promoters, trainers, and entrepreneurs.
  • Standardizing model syllabi for training various target groups.
  • Formulating scientific selection procedures.
  • Developing training aids, manuals, and tools.
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