CENTRAL AND STATE GOVERNMENT FUNDING AGENCIES FOR NEW ENTREPRENEUR.pptx
2. The economy of India is of rural based.
Without the development of rural area of the country, one
cannot think of its overall development. Majority of rural
people spend their life below poverty line. Their
economic, educational and social statuses are pathetic and
falling day by day. Banks play a crucial role in
eradication of poverty and unemployment in the rural
areas. Poverty alleviation programme launched by the
Government from time to time is implemented through
the various autonomous agencies or supporting
7. The National Bank for Agriculture and Rural Development
(NABARD) was set up in 1982 as an apex institution for
financing agricultural and rural sectors.
It provides financial assistance through Regional Rural banks
and cooperative banks to agriculture, small-scale, cottage and
village industries, handicrafts and other allied activities in
The agriculture credit functions of the Reserve Bank of India
(RBI) and refinance functions of the then Agricultural
Refinance and Development Corporation (ARDC) were
transferred to NABARD on its formation.
8. NABARD mission is to promote sustainable and equitable
agriculture and rural prosperity through effective credit support,
related services, institution development and other innovative
NABARD was set up by the Government of India as a
development bank with the mandate for facilitating credit flow for
promotion and development of agriculture, small-scale industries,
cottage and village industries, handicrafts and other rural crafts.
NABARD also Acts as a coordinator in the operations of rural
11. Facilitating credit flow for agriculture, rural infrastructure and
Promoting and supporting policies, practices and innovations
conducive to rural development.
Strengthening rural credit delivery system through institutional
Supervising rural financial institutions (Co-operative Banks
and Regional Rural Banks)
12. Credit functions, involving preparation of potential-
linked credit plans annually for all districts of the country
reinforcement of the credit functions and making credit
Supervisory functions, ensuring the proper functioning of
cooperative banks and regional rural banks.
Concerned with policy formulation.
It prepares, on annual basis, rural credit plans for all
districts in the country; these plans form the base for
annual credit plans of all rural financial institutions.
13. It undertakes monitoring and evaluation of projects
refinanced by it.
It promotes research in the fields of rural banking, agriculture
and rural development.
Financing industrial societies.
Co-financing: To ensure substantial credit flow to agriculture
and rural sector and to instill confidence in banks or financing
hi-tech/export oriented agriculture projects .
Under this arrangement, projects have been sanctioned in the
areas like floriculture, organic farming, milk processing,
ethanol production, infrastructure development, forestry,
animal husbandry, agro/ food processing etc.
Rural Infrastructure Development: With the objective of
assisting State Governments in the completion of ongoing
rural infrastructure projects and to take up new infrastructure
14. SIDO is created for development of various small scale units
in different areas. SIDO is a subordinate office of department
of SSI and ARI.
It is a nodal agency for identifying the needs of SSI units
coordinating and monitoring the policies and programmes for
promotion of the small industries.
This agency provides technical consultancy and managerial
assistance to small scale units. It offers common service and
tool room facilities and conducts training programmes for the
managerial and technical personnel of small scale units.
16. The activities of SIDO are divided into
three categories as follows:
1. Coordination activities of SIDO
2. Industrial development activities of SIDO
3. Management activities of SIDO
19. The Khadi and Village Industries
Commission (KVIC) is a statutory formed by the
Goverment of India , under the Act of Parliament, 'Khadi
and Village Industries Commission Act of 1956‘.
Schemes and Programs of the Commission
Prime Ministers Employment Generation Program (PMEGP)
Interest Subsidy Eligibility Certification Scheme (ISEC)
20. The Council for Advancement of People’s Action and Rural
Set up as a pioneer organisation in September, 1984, as a
supporting and funding agency for the Voluntary Organizations by
merging two organizations
1. People’s Action for Development (India)
2. Council for Advancement of Rural Technology (CART) with the
mandate to promote voluntary action and propagate appropriate
rural technologies for the benefit of the rural masses.
The Mission of CAPART is to work in close coordination with the
rural NGOs and empower them by Engaging them in dialogue
Respecting their thoughts and ideas
Listening to their voice
Harnessing their resources
Funding their activities
Strengthening their hands, particularly the women, the weaker
sections of rural society and the disabled and other underprivileged
sections of rural society.
Walking hand-in-hand with them on the road to rural prosperity
The Vision of CAPART is to play a dynamic and catalytic role with
the various governmental agencies and NGOs, influence public
policy and contribute its share towards the many-sided
development of Rural India.
23. National Scheduled Castes Finance and Development
Corporation, which was set up in 1989 and has become a
model for many social justice development finance institutions
in the country.
"To be the leading catalyst in systematic reduction of poverty
through socio-economic development of Scheduled Castes
living below double the poverty line, working in an efficient,
responsive and collaborative manner with channelizing
agencies and other development partners."
Lead Banks’ Scheme
Trade Related Entrepreneurship Assistance and Development
27. Catalyst in development process.
Poverty eradication in the District.
Ability to coordinate and bring about a convergence of
approach among different agencies for poverty alleviation.
Coordinate effectively with the Panchayath Raj Institutions.
Ensure the benefits specifically earmarked for certain target
Improve the awareness regarding rural development and
poverty alleviation particularly among the rural poor.
Strive to promote transparency in the implementation of
different anti-poverty programmes.
28. The District Industries Centers (DIC’s) programme was
started in 1978 with a view to provide integrated
administrative framework at the district level for promotion
of small scale industries in rural areas.
Functions of DIC
Identification of Entrepreneurs
Purchases of Fixed Assets
Clearances from Various Departments
Assistance to Village Artisans and Handicrafts
Interest Free Sales Tax Loan
Assistance of Import and Export
29. Schemes of DIC
Entrepreneurship Development Programme for Women
Micro, Small and Medium Enterprises Development (MSMED) Act,
Micro, Small and Medium Industries Policy 2008
30. This is the centre, started in May 1979 as an independent
body, sponsored by the Government of Gujarat, with the help
of joint collaboration of the four state level institutions GIDC,
GIIC, GSFC and GSIC.
The main objectives of CED are to promote indigeneous
entrepreneurship, to conduct EDP in the state, help other state
level agencies in the promotion of EDPs.
31. CED Schemes
Entrepreneurship Development Programmes (EDPs)
Entrepreneurship Awareness Programme (EAP)
Programme for Existing Entrepreneurs (Second
Human Resource Development (HRD)
Rajiv Gandhi Udyami Mitra Yojna (RGUMY)
33. The SIDBI has schemes for women entrepreneurs
Mahila Udyam Nidhi Scheme (MUN)
Mahila Vikas Nidhi Scheme (MVN)
34. Innovation and entrepreneurship, practice and
priciples,Peter.F,Drucker,published by butterworth
Entrepreneurship: Productive, Unproductive, and Destructive,
William J. Baumol,the university of chikago press journals.
Journal of monitory economics,Finance, entrepreneurship and
growthTheory and evidence,Robert.G.King, Published by
Decentralization and local democracy in the world,
Barcelona;united cities and local governments.
Financing urban shelter: Global report on human settlements,
Michael barker, financing state and local economic
development. Durham,NC;Duke university press,1983.