Dr.M.Dhrakshayani AGENCIES PROMOTING ENTREPRENEURSHIP
COMMERCIAL BANKS In recent times commercial banks have not confined themselves to mere extension of finance to small entrepreneurs but have shown genuine concern for their progress and development. They have now entered the challenging field of promoting new small scale entrepreneurs through entrepreneurship development programme (EDP)
1.State Bank of India Awareness about entrepreneurial opportunities Training programmes in developing motivation and managerial skills. Counselling, encouragement and infrastructural support for establishing and running an enterprise. SBI and its groups offers package offinancial arrangement and assistance to small scale units.
2. Indian bank Entrepreneurship service cell The bank provides consultancy services to persons who graduate from colleges and institutions of engineering, technology etc, and unemployed engineer s diploma holders and other graduates and business executives. The consultancy service is right from identification of the project to its implementation and marketing is provided through the personnel of the bank and expert panels.
3. Bank of India Assistance in selection of industry, preparation and evaluation of project report and market survey. Practical training in the line if necessary. Assistance in obtaining government clearance, procurement of machinery and equipment and marketing of products. Assistance and guidance in implementation of project.
4.United commercial Bank The bank has a cell in its head office at Calcutta to provide technical assistance and guidance to self employed persons about feasibility of their projects. It also renders them advice in regard to sources and availability of raw material and marketing of their products. 5. Punjab National bank PNB Mahila Udyami Scheme : The women entrepreneurs will be assisted for setting up of new projects in tiny /small scale sector and rehabilitation of viable sick SSI units. Existing tiny and small scale industrial units and service industries undertaking expansion, modernization technology up gradation & diversification can also be considered.
6.ORIENTAL BANK OF COMMERCE Oriented Mahila Vikas Yojana- To meet Credit needs of Women Entrepreneur. Women Entrepreneurs enterprise consisting of all units managed by one or more in proprietary concerns or in which she/they individually or jointly have a share capital of not less than 51% as partners/ shareholders/ directors of a private ltd. company/members of a co-operative society. 7.Bank of Baroda Bank of Baroda offers financial assistance for professional, selfemployed women and also those into retail trade and agricultural activities. Enables financial assistance to women in setting up/engaged in: Retail Trade. Village or Cottage/Small Scale Industries.
NAME OF THE SCHEMES SPONSORED BY BANKS AXIS Bank Smart Privilege Bank of India Priyadarshini Yojana Canara Bank CAN Bank Central Bank of India Cent Kalyani Dena Bank Dena Shakti ICICI Bank Women s Account IDBI Bank Mahila Vikas Nidhi Scheme Karur Vysya Bank KVB Mahila Swarna Loan NABARD Women Cell Oriental Bank of Commerce Orient Mahila Vikas Yojana Punjab and Sind Bank Udyagini Scheme SIDBI Mahila Udayam Nidhi State Bank of India Stree Sakthi Package Union Bank of India Viklang Mahila Vikas Yojana
DISTRICT INDUSTRIES CENTRES (DICS) The District Industries Centres (DICs) programme was started on May 8, 1978 with a view to provide integrated administrative framework at the district level for promotion of small-scale industries in rural areas. The DICs are envisaged as a single window interacting agency with the entrepreneur at the district level. Services and support to small entrepreneurs are provided under a single roof through the DICs. The organizational structure of DICs consists of one General Manager, four functional Managers and three project managers to provide technical service in the area relevant to needs of district concerned. Management of the DICs is done by the State Governments. The scheme has now been transferred to the Government to the states for running the DICs.
FUNCTIONS OF DIC Identification of Entrepreneurs- DIC develops new entrepreneurs by conducting entrepreneurial motivation programmes throughout the district especially in panchayat Union Headquarters and small towns. Selection of projects- DIC offers technical advice to new entrepreneurs for the selection of projects suitable to them. Provisional registration under SSI - After the selection of projects, entrepreneurs are issued with provisional SSI registration which is essential for obtaining assistance from the financial institutions.
FUNCTIONS OF DIC Purchase of fixed assets- DIC sponsors the loan applications to TIIC, SIDCO and banks for the purchase of land and buildings and sanctions marginal money under rural industry project loan scheme payable to other financial agencies for the purchase of plant and machinery. Clearances from various departments- It takes the initiative to get clearances from various departments and takes follow up measures to get speedy power connection. Assistance to raw material supplies- It makes necessary recommendation to the concerned raw materials suppliers and issues the required certificates for the import of raw materials and machinery wherever necessary.
FUNCTIONS OF DIC Assistance to village artisans and handicrafts- DIC arranges for the financial assistance with the lead bank for nationalised banks of the respective areas. Interest free sales tax loan- SSI units setup in rural areas can get IFST loan up to a maximum limit of 8% of total fixed assets from SIDCO but the sanction order from the same is be issued by DIC. The DIC also recommends the SSI units to NSIC for registration for govt. Purchase program. Subsidy scheme - DIC assists SSI units and rural artisans to get subsidy such as power subsidy, interest subsidy for engineers, subsidy under IRDP, etc. from various institutions.
CO-OPERATIVE BANKS National Resource Centre for Women (NRCW) An autonomous body set up under the National Commission for Women Act, 1990 to orient and sensitize policy planners towards women s issues, facilitating leadership training and creating a national database in the field of women s development. Women s India Trust (WIT) WIT is a charitable organization established in 1968 to develop skills of women and to earn a regular income by providing training and employment opportunities to the needy and unskilled women of all communities in and around Mumbai.
CO-OPERATIVE BANKS Women Development Corporation (WDC) WDCs were set up in 1986 to create sustained income generating activities for women to provide better employment avenues for women so as to make them economically independent and self- reliant. Development of Women and Children in Urban Area (DWCUA) DWCUA was introduced in 1997 to organize the urban poor among women in socio-economic selfemployment activity groups with the dual objective of providing self-employment opportunities and social strength to them.
CO-OPERATIVE BANKS Association of Women Entrepreneurs of Karnataka (AWAKE) AWAKE was constituted by a team of women entrepreneurs in Bangalore with a view to helping other women in different ways to prepare project report, to secure finance, to choose and use a product, to deal with bureaucratic hassles, to tackle labour problems, etc. Working Women s Forum (WWF) WWF was founded in Chennai for the development of poor working women to rescue petty traders from the clutches of middlemen and to make them confident entrepreneurs in their own right. The beneficiaries are fisher women, lace makers, beedi making women, landless women, labourers and agarbathi workers.
CO-OPERATIVE BANKS Self- Help Group (SHG) An association of women, constituted mainly for the purpose of uplifting the women belonging to the Below Poverty Line (BPL) categories to the Above Poverty Line (APL) category. The major activities of the group are income generation programmes, informal banking, credit, unions, health, nutritional programmes, etc. Self- Employed Women s Association (SEWA) SEWA is a trade union registered in 1972. It is an organization of poor selfemployed women workers. SEWA s main goals are to organize women workers to obtain full employment and selfreliance.