Discuss the institutional support provided by the government to small business.
Discuss the institutional support provided by the government to small business.
The institutional support provided by the government are as follows:
1. National Bank for Agriculture and Rural Development (NABARD) :
(i) This bank was established in the year 1982 with the main aim to promote rural development. It has designed and implemented many strategies and schemes for the development of rural business.
(ii) Besides agriculture, it supports cottage and rural industries and rural artisans by offering counselling and consultancy services and easy credit facilities.
(iii) It also organises training and development programmes for rural entrepreneurs.
2. The Rural Small Business Development Centre (RSBDC) :
(i) This centre was established by the World Association for Small and Medium Enterprises. (WASME) NABARD sponsors this centre.
(iii) The main objective of this center is to provide management and technical support to current and prospective entrepreneurs in rural areas.
(iv) Several programmes in rural entrepreneurship, mobile clinics and training, awareness and counselling camps, etc. have been organised by RSBDC in various villagers.
3. The National Commission for Enterprises in the Unorganised Sector (NCEUS): It was set up in September 2004. Following are its main objectives:
(i) To create more employment opportunities particulary in the rural areas.
(ii) To increase the competitiveness of the small units in the emerging global environment.
(iii) To recommened measures for improving the productivity of small enterprises in the informal sector.
4. Rural and Women Entrepreneurship Development (RWED) :
0) The main objective of this development programme is to promote a conducive business environment and to build institutional and human capacities that will encourage the and entrepreneurial initiatives of rural people and women.
(ii) To create a business environment in order to encourage initiatives from rural and women entrepreneurs.
(iii) To enhance human and institutional capacities needed to develop entrepreneurship ability and hence increase productivity.
The institutional support provided by the government are as follows:
1. National Bank for Agriculture and Rural Development (NABARD) :
(i) This bank was established in the year 1982 with the main aim to promote rural development. It has designed and implemented many strategies and schemes for the development of rural business.
(ii) Besides agriculture, it supports cottage and rural industries and rural artisans by offering counselling and consultancy services and easy credit facilities.
(iii) It also organises training and development programmes for rural entrepreneurs.
2. The Rural Small Business Development Centre (RSBDC) :
(i) This centre was established by the World Association for Small and Medium Enterprises. (WASME) NABARD sponsors this centre.
(iii) The main objective of this center is to provide management and technical support to current and prospective entrepreneurs in rural areas.
(iv) Several programmes in rural entrepreneurship, mobile clinics and training, awareness and counselling camps, etc. have been organised by RSBDC in various villagers.
3. The National Commission for Enterprises in the Unorganised Sector (NCEUS): It was set up in September 2004. Following are its main objectives:
(i) To create more employment opportunities particulary in the rural areas.
(ii) To increase the competitiveness of the small units in the emerging global environment.
(iii) To recommened measures for improving the productivity of small enterprises in the informal sector.
4. Rural and Women Entrepreneurship Development (RWED) :
0) The main objective of this development programme is to promote a conducive business environment and to build institutional and human capacities that will encourage the and entrepreneurial initiatives of rural people and women.
(ii) To create a business environment in order to encourage initiatives from rural and women entrepreneurs.
(iii) To enhance human and institutional capacities needed to develop entrepreneurship ability and hence increase productivity.
