Question 2 :Discuss the major problems faced by EDPs in our country.

Also give your suggestion

to make more effective in the country. How will you evaluate the effectiveness or
success of EDPs?

Answer 2 :Entrepreneurial Development Programme means programmeshowed to help a person in

reinforcement his entrepreneurial intention and in attaining skill and capabilities essential
for encouraging and successively an enterprise professionally.
A programme, which is conducted with a reason to indorse possible entrepreneurs,
understanding of objects, motivational design, their impact on comportment and
entrepreneurial assessment, is called as EDP.
There are a total of programs which give info to the future entrepreneurs about new
professional plan, in what way to established up a new project report, in what way to
organize a ventured, and sources of finance. These programmers should not be disordered
with Entrepreneurial Development Programme; these are all a part of Entrepreneurial
Development Programme. Entrepreneurial Development Programme is primarily
concerned with rising, inspiring entrepreneurial aptitude and sympathetic the impact of
incentive on behavior.
A well planned Entrepreneurial Development Programme imagines three approach:
1. Developing achievement motivation and sharpening entrepreneurial traits and
behavior.
2. Direction on industrial chances, incentives, facilities, rules, and regulations.
3. Developing managerial and operational capabilities.

Importance :Entrepreneurs are measured as managers of economic growth. They make wealth, create
employment, offer new goods and services and nurture the standard of living.
Entrepreneurial Development Programme is actual way to grow entrepreneurs which can
assistance in quickening the step of socio-economic growth, balanced local growth, and
misapplication of locally available resources. It cans also generate profitable selfemployment. An Entrepreneurial Development Programme organizes entrepreneurs and
creates them fit to beat somebody to it and deal with some of difficulties that any
entrepreneur may have to look. It gives self-reliance to the entrepreneur to face worries
and take profitable risks. It formulates them to justify and make good use of various
forms of assistance. Entrepreneurial Development Programme can be beneficial in the
following ways:
- Economic Growth: Entrepreneurial Development Programme is a tool of
industrialization and path to economic growth through entrepreneurship.

- Balanced Regional Development: Entrepreneurial Development Programme helps in

distribution of economic activities in different regions by providing training and other
support to local people.
- Eliminates Poverty and Unemployment : Entrepreneurial Development Programme
deliver occasions for self-employment and entrepreneurial vocations.
- Optimum use of Local Resources : The ideal use of natural, financial and human
resources can be made in a country by training and educating the entrepreneurs.
- Successful Launching of New Unit : Entrepreneurial Development Programme grows
inspiration, competence and skills necessary for successful launching, management and
growth of the enterprise.
- Empowers New Generation Entrepreneurs : Entrepreneurial Development
Programme, by inculcating entrepreneurial capabilities and skill in the trainees, create
new generation entrepreneur who hitherto was not an entrepreneur

Once the collection process for entrepreneur is over, the particular persons have to
furnish with decision-making and mechanical skills to start their enterprises. In such
entrepreneurship development programmes, there are participants with a variety of back
grounds and qualities. Therefore, a package of training inputs is provided during the
programme that is usually of six weeks duration. It consists of the following five inputs.
- General Introduction to Entrepreneurship: The participants are visible to a general
knowledge of entrepreneurship such as reasons affecting small-scale industries, the role
of entrepreneurs in economic development, entrepreneurial behavior and the services
existing for starting small-scale enterprises.
- Achievement Motivation Training (AMT): The resolve of Achievement Motivation
Training is to develop the defiance towards risk-taking, inventiveness and other such
behavioral or psychological traits. An inspiration development programmed creates selfawareness and self-confidence among the members and enables them to think
unquestionably and believably. Without success inspiration training, an entrepreneurship
development programme converts an ordinary executive development programme.

Motivation training workers to effort for excellence, to yield calculated risk, to use
feedback for progress, sense of efficiency etc.
- Support System and Procedures: The participants have to be unprotected to helps like
the local banks and other financial institutions, industrial service corporations and other
institutions trade with supply of raw-materials, equipment etc. The programme on support
system requirements to include the events for approaching them, smearing and obtaining
support from them and availing of the services provided by them. A linkage between the
training institute and support system agencies can be recognized by sharing of these
schedules in sponsoring and financing entrepreneurship development programmes.
- Market Survey and Plant Visit: In order to familiarize the participants with real life
situations in small business, plant visits are also decided. Such visits help the participants
to know more about an entrepreneurs behavior, personality, thoughts and
aspirations. Moreover, the partakers should be agreed opportunity to conduct market
surveys for their respective projects. This would help to expose the supplier to the market
avenues available and could be followed by sessions on methods of dealing in the
markets.
- Managerial Skill: Since a small entrepreneur cannot employ management experts to
manage his enterprise, he needs to be imparted basic and essential managerial skills in the
functional areas like finance, production and marketing knowledge of managerial skills
enables an entrepreneur to run his enterprise smoothly and successfully.
.

The major details for poor presentation in the growth of entrepreneurship in

this area are- Absence of business ritual.
- Nonexistence of information about many chances.
- Non-existence of precise inducement and care.
- Entrepreneurs often observed as taking low status or value in the people.
- Entrepreneurs through and great have no enterprise to spend and to yield risk.
- Absence of passable financial, marketing support etc.
- There are substantial potentialities for evolving entrepreneurship in the area. We must
the needed resources, times and aptitudes. But, we need correct guidance, inspiration,
benefit and co-operation mainly from the troubled departments, organizations and
institutions.
4

Problems in the Conduct of entrepreneurship development programmes :1. No policy at the National Level:
Government of India was fully awaked about the significance of entrepreneurial
development. But there is no restricted of a state policy on entrepreneurship.
2. Problems at the pre-training phase:
Classification of company opportunity, decision and locate objective group, choice of
trainee and trainers etc. were basic problems face by entrepreneurial pre-training phase.
3. Over-estimation of trainees:
Entrepreneurship development programme agencies overestimate the skills and
capabilities of the educated youth to become entrepreneur.
4. Duration of entrepreneurship development programmes:
Duration of most of the entrepreneurship development programmes varies between 4 to 6
weeks, which is very short period to develop entrepreneurial skills in the participants.
5. Non-availability of infrastructural facilities:
Entrepreneurship development programmes conducted in rural and regressive areas suffer
interior infrastructural facilities like proper classroom, suitable guest speakers, boarding
and lodging etc.
6. Improper methodology:
The course insides of entrepreneurship development programmes are not standardized.
7. Mode of selection:
There is no brokenprocess adopted by various agencies for the documentation of potential
entrepreneurs. Organizations conducting entrepreneurship development programme
prefer those persons who have some project ideas of their own and thus this opening is
not providing to all the attentive candidates.
8. Non-availability of competent faculty:
Non-availability of experienced teachers grounds failure of this programmed.
9. Unfortunate reply of financial institutions:
Entrepreneurs will not able to suggestion security for the allowance of loans. Banks are
not prepared to drama with the public money and hence they levy various circumstances
for the grant of loans.
Those entrepreneurs who fail to obey with the situations are not able to get loan and
hence their daydream of setting up their own enterprises is confounded. Helpful
arrogance of lending institutions wills goes an extended way in stimulating
entrepreneurial temperature.

Suggestion for making EDP more effective :-

1. There should be a clear-cut policy at the national level:

Government should formulate a clear cut policy at the national level to promote and
sponsor EDPs so that the growth and development of entrepreneurship will not suffer on
any cost. The various supporting agencies like banks and financial institutions must be
encouraged to promote entrepreneurship.
2. Designing of viable projects:
The organizers should develop and design such projects which are feasible in terms of
available resources and market potential. All arrangement should be made so that they
can able to get updated and modern facilities required for the viable project for making
EDPs successful.
3. Model based EDPs:
Model based EDPs should be discouraged because a particular model of training which is
very successful in one area may be a failure in another area. Therefore, sponsoring
agencies promoting EDPs should undertake in-depth study of the demand pattern and
availability of resources before establishing their own enterprise.
4. Specific course of action to be followed:
The agencies engaged in EDPs must be very clear about the specific course of action to
be followed. Course contents must be standardised, accountability must be fixed and feed
back system should be introduced for further improvement.
5. Selecting the right type of trainees:
While selecting trainees for EDPs, the various agencies and institutions should adopt
inform principles and procedures. Trainees should be selected after proper screening and
assets. Applicants lacking requisite aptitude and commitment should be discouraged.
Educated employed youth and persons having traditional background in the chosen
activity should e given more preference for EDPs training.
6. Training of Trainers:
Trainers must be adequately trained by experts so that they can be able to inculcate the
right type of training to the trainees. They can be able to meet all queries of the trainees
about the latest development of the project. The trainers therefore, must be very
competent, committed and qualified up to the expectations of the trainees.
7. Conducive Environment:
All effort should be made to create a conducive environment in the backward and under
developed areas for the conduct of successful EDPs. Entrepreneurs should be assisted in
converting their dream into reality through proper training and conducive environment. It
makes the trainer-motivator's role effective.

8. Providing adequate infrastructural facilities:

Success of EDPs rest on the infrastructural facilities available in the particular region
where they are undertaken. Therefore, before undertaking any EDP, the agencies must be
assured of sufficient infrastructural facilities in the area. Plans and programs should
design on the basis of such available infrastructures.
9. Duration of EDPs:
The duration for conducting an EDP should be increased to six months so that the
trainees must be adequately trained and gained sufficient knowledge about the project.
There should not be any short-cuts for successful EDPs.

Institutions providing entrepreneurship development programmes in

India :1 - National Institute for Entrepreneurship and Small Business Development
(NIESBUD)
NIESBUD was recognized in 1983 by the Ministry of Industry, Government of India. Its
main purposes and objects are:
= To assist as atop nationwide level resource institute to haste the development of
entrepreneurship development.
= To benefit and shorten various actions in booming out training and other
entrepreneurship development actions.
= To have enough money energetic info provision to trainers, agents and entrepreneurs.
= To change effective training strategies.
= To detect, train and assistance potential entrepreneurs for setting up ventures.
This institute acts as a nodal support. It organizes about 29 national and 6 worldwide
training automatic every year.

2 - Entrepreneurship Development Institute of India (EDII)

It was recognized in 1983 by financial organizations. It behaviors research, training and

institution-building doings for heartening the contribution of backward regions. The main
purposes of Entrepreneurship Development Institute of India are:
= To growth the source of trained entrepreneurs through drill.
= To cause chances for self-employment.
= To expand managerial proficiencies of small-scale industries.
= To help small enterprises at country level.
= To donate to the spreading of corporate ownership.

Some other organizations providing Entrepreneurship Development Programmes are- Small Industries Development Organization (SIDO)
- Indian Investment Centre (IIC)
- National Institute for Small Industry Extension and Training (NISIET), Hyderabad
- Small Industry Development Bank of India (SIDBI )

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faced
in
implementing
Entrepreneurship
Development ... 125 9
125 9
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programmes (EDPs ... 44
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<1
http://www.scribd.com/doc/45157912/entrepreneurship-developmentchap2
Entrepreneurship Development Chap2
55
4
55
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http://www.kkhsou.in/main/EVidya2/commerce/entreprreneurship.html
KKHSOU
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311 21
http://www.publishyourarticles.net/eng/articles/entrepreneurialdevelopment-programme-process-consist-the-following-mainsteps.html Entrepreneurial development programme process consist
the ...28
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Intuit to roll out Financial Literacy Programme for ... 8
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s+Supporting+Small+Business+Enterprises.ppt
Institutions
supporting Small Business Enterprises
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http://www.ciol.com/ciol/news/61911/profile-niesbud Profile
NIESBUD - CIOL - CIOL: Information Technology News ...
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Scribd - Entrepreneurial Development in India and
EDP 8
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http://blogs.siliconindia.com/Managementexcellence/ENTREPRENEURS
HIP_DEVELOPMENT_PROGRAMMES-bid-3Yka1GqO75396002.html

Inc

ENTREPRENEURSHIP DEVELOPMENT PROGRAMMES - Siliconindia

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for entrepreneurship & small Business ... 8
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NIESBUD, Intuit, Financial Literacy Programme, Arun Kumar Jha ...
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Documents found to be plagiarized
Matching Content: 35%
Master Document Text :Question 2 Discuss the major problems faced by EDPs in our country.
Also give your suggestion to make more effective in the country. How
will
evaluate
the
effectiveness
or
success
of
EDPs?Answer
2Entrepreneurial Development Programme means programme showed
to help a person in reinforcement
his entrepreneurial intention and in attaining skill and capabilities
essential for encouraging and successively an enterprise professionally.
A
programme, which is conducted with a reason to indorse possible
entrepreneurs, understanding of objects, motivational design, their
impact on
comportment and entrepreneurial assessment, is called as EDP.There
are a total of programs which give info to the future entrepreneurs
about new
professional plan, in what way to established up a new project report,
in what way to organize a venture t, and sources of finance. These
programmers
should not be disordered with Entrepreneurial Development
Programme; these are all a part of Entrepreneurial Development
Programme. Entrepreneurial
Development Programme is primarily concerned with rising, inspiring
entrepreneurial aptitude and sympathetic the impact of incentive on
behavior.A
well planned Entrepreneurial Development Programme imagines three
approach:1. Developing achievement motivation and sharpening
entrepreneurial

10

traits and behavior.2. Direction on industrial chances, incentives,

facilities, rules, and regulations.3. Developing managerial and
operational
capabilities.ImportanceEntrepreneurs are measured as managers of
economic growth. They make wealth, create employment, offer new
goods and services
and nurture the standard of living. Entrepreneurial Development
Programme is a actual way to grow entrepreneurs which can
assistance in quickening
the step of socio-economic growth, balanced local growth, and
misapplication of locally available resources. It cans also
generateprofitable self
employment. An Entrepreneurial Development Programme organizes
entrepreneurs and creates them fit to beat somebody to it and deal
with some of
difficulties that any entrepreneur may have to look. It gives selfreliance to the entrepreneur to face worries and take profitable risks. It
formulates them to justify and make good use of various forms of
assistance.Entrepreneurial Development Programme can be beneficial
in the following
ways:Economic Growth:Entrepreneurial Development Programme is a
tool of industrialization and path to economic growth through
entrepreneurship
Balanced Regional Development:Entrepreneurial Development
Programme helps in distribution of economic activities in different
regions by providing
training and other support to local people.Eliminates Poverty and
Unemployment :Entrepreneurial Development Programme deliver
occasions for self
employment and entrepreneurial vocations.Optimum use of Local
Resources :The ideal use of natural, financial and human resources
can be made in a
country by training and educating the entrepreneurs.Successful
Launching of New Unit :Entrepreneurial Development Programme
grows inspiration
competence and skills necessary for successful launching,
management and growth of the enterprise.Empowers New Generation
Entrepreneurs
Entrepreneurial
Development
Programme,
by
inculcating
entrepreneurial capabilities and skill in the trainees, create new
generation entrepreneur who

11

hitherto was not an entrepreneurOnce the collection process for

entrepreneur is over, the particular persons have to furnish with
decision-making and
mechanical skills to start their enterprises. In such entrepreneurship
development programmes, there are participants with a variety of back
grounds
and qualities. Therefore, a package of training inputs is provided
during the programme that is usually of six week's duration. It consists
of the
following six inputs.General Introduction to Entrepreneurship:The
participants are visible to a general knowledge of entrepreneurship
such as
reasons affecting small-scale industries, the role of entrepreneurs in
economic
development,
entrepreneurial
behaviour
and
the
servicesexisting for
starting small-scale enterprises.Achievement Motivation Training
(AMT):The resolve of Achievement Motivation Training is to develop
the defiance
towards risk-taking, inventiveness and other such behavioural or
psychological traits. Aninspiration development programme creates
self-awareness and
self-confidence among the members and enables them to think
unquestionably and believably. Without successinspiration training, an
entrepreneurship
development programme converts an ordinary executive development
programme. Motivation training workers to effort for excellence, to
yield calculated
risk, to use feedback for progress, sense of efficiency etc.Support
System and Procedures:The participants have to be unprotected to
helps like the
local banks and other financial institutions, industrial service
corporations and other institutions trade with supply of raw-materials,
equipment
etc. The programme on support system requirements to include the
events for approaching them, smearing and obtaining support from
them and availing
of the services provided by them. A linkage between the training
institute and support system agencies can be recognized by sharing of
these

12

schedules in sponsoring and financing entrepreneurship development

programmes.Market Survey and Plant Visit:In order to familiarize the
participants
with real life situations in small business, plant visits are also decided.
Such visits help the participants to know more about an entrepreneur's
behavior, personality, thoughts and aspirations.Moreover, the
partakers should be agreed opportunity to conduct market surveys for
their respective
projects. This would help to expose the supplier to the market avenues
available and could be followed by sessions on methods of dealing in
the
markets.Managerial Skill:Since a small entrepreneur cannot employ
management experts to manage his enterprise, he needs to be
imparted basic and
essential managerial skills in the functional areas like finance,
production and marketing knowledge of managerial skills enables an
entrepreneur to
run his enterprise smoothly and successfully..The major details for
poor presentation in the growth of entrepreneurship in this area areAbsence of
business ritual.Nonexistence of information about many chances.Nonexistence of precise inducement and care.Entrepreneurs often
observed as taking
low status or value in the people.Entrepreneurs through and great
have no enterprise to spend and to yield risk.Absence of passable
financial
marketing support etc.There are substantial potentialities for evolving
entrepreneurship in the area. We must the needed resources, times
and
aptitudes. But, we need correct guidance, inspiration, benefit and cooperation mainly from the troubled departments, organizations and
institutions
Problems in the Conduct of entrepreneurship development
programmes1. No policy at the National Level:Government of India was
fully awaked about the
significance of entrepreneurial development. But there is no restricted
of a state policy on entrepreneurship.2. Problems at the pre-training
phase
Classification of company opportunity, decision and locate objective
group, choice of trainee and trainers etc. were basic problems face by

13

entrepreneurial
pre-training
phase.3.
Over-estimation
of
trainees:Entrepreneurship
development
programme
agencies
overestimate the skills and
capabilities of the educated youth to become entrepreneur.4. Duration
of entrepreneurship development programmes:Duration of most of the
entrepreneurship development programmes varies between 4 to 6
weeks, which is very short period to develop entrepreneurial skills in
Non-availability
of
infrastructural
facilities:Entrepreneurship
development programmes conducted in rural and regressive areas
suffer interior
infrastructural facilities like proper classroom, suitable guest speakers,
boarding and lodging etc.6. Improper methodology:The course insides
of
entrepreneurship development programmes are not standardized.7.
Mode of selection:There is no brokenprocess adopted by various
agencies for the
documentation of potential entrepreneurs. Organizations conducting
entrepreneurship development programme prefer those persons who
have some
ideas of their own and thus this opening is not providing to all the
attentive candidates.8. Non-availability of competent faculty:Nonavailability
of experienced teacher's grounds failure of this programmed.9.
Unfortunate reply of financial institutions:Entrepreneurs will not able to
suggestion
security for the allowance of loans. Banks are not prepared to drama
with the public money and hence they levy various circumstances for
the grant of
loans.Those entrepreneurs who fail to obey with the situations are not
able to get loan and hence their daydream of setting up their own
enterprises
is confounded. Helpful arrogance of lending institutions wills goes an
extended way in stimulating entrepreneurial temperature.Institutions
providing
entrepreneurship development programmes in indiaNational Institute
for
Entrepreneurship
and
Small
Business
Development
(NIESBUD)NIESBUD was
recognized in 1983 by the Ministry of Industry, Government of India.
Its main purposes and objects are:To assist as atop nationwide level
resource

14

institute to haste the development of entrepreneurship

development.To benefit and shorten various actions in booming out
training and other
entrepreneurship development actions.To have enough money
energetic info provision to trainers, agents and entrepreneurs.To
change effective training
strategies.To detect, train and assistance potential entrepreneurs for
setting up ventures.This institute acts as a nodal support. It organizes
about
national
and
6
worldwide
training
automatic
every
year.Entrepreneurship Development Institute of India (EDII)It was
recognized in 1983 by financial
organizations. It behaviors research, training and institution-building
doings for heartening the contribution of backward regions. The main
purposes
of Entrepreneurship Development Institute of India are:To growth the
source of trained entrepreneurs through drill.To cause chances for self
employment.To expand managerial proficiencies of small-scale
industries.To help small enterprises at country level.To donate to the
spreading of
corporate
ownership.Some
other
organizations
Entrepreneurship
Development
Programmes
IndustriesDevelopmentOrganisation (SIDO

providing
are-Small

Indian
Investment
Centre
(IIC)NationalInstitute
IndustryExtension
andTraining
HyderabadSmallIndustryDevelopmentBankofIndia (SIDBI

forSmall
(NISIET),

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