Page 196 - DMGT310_ENTREPRENEURSHIP_AND_SMALL_BUSINESS_MANAGEMENT

Unit 13: Institutions Supporting Small Business Enterprises

(d) Product-cum-Process Development Centres (PPDCs) look into their specific problems and Notes
render technical service.
(e) Central Footwear Training Institutes (CFTIs) develop footwear designing to promote
exports.

Did u know? Sub-Contract Exchanges for Ancillary Development (SCXs) register and create
database of the spare manufacturing/service capacity of SSI; create database of requirements
of large/medium units and match the requirements with the spare capacity available with
small units; and arrange Buyer-Seller Meets, organize vendor exhibitions, seminar,
workshops for large-small units coordination, quality up gradation, export promotion,
etc. and facilitate flow of data on vendor development.

Thus, the main services rendered by DC SSI office are:
(a) Advising the Government in policy formulation for the promotion and development of
small scale industries.

(b) Providing techno-economic and managerial consultancy, common facilities to small scale
units.
(c) Providing facilities for technology upgradation, modernization, quality improvement
and infrastructure.
(d) Developing Human Resources through training and skill upgradation.
(e) Providing economic information services.

(f) Maintaining a close liaison with the Central Ministries, Planning Commission, State
Governments, Financial Institutions and other Organisations concerned with development
of Small Scale Industries.
(g) Evolving and coordinating policies and programmes for development of Small Scale
Industries as ancillaries to large and medium scale industries.

(h) Monitoring of Prime Minister Rozgar Yojna (PMRY) Scheme.

13.1.3 National Small Industries Corporation (NSIC)

The National Small Industries Corporation Ltd. was set up in 1955 with a view to promoting,
aiding and fostering the growth of small scale industries in the country with focus on commercial
aspects of these functions. NSIC continues to implement its various programmes and projects
throughout the country to assist the SSI units. The Corporation has been assisting the sector
through the following schemes and activities:
(a) Composite Term Loan Scheme: To promote small-scale sector, NSIC has launched a
Composite Term Loan Scheme for the benefit of existing and prospective entrepreneurs to
acquire land and building, machinery and equipment and working capital under one roof
to the tiny units.
(b) Hire Purchase Scheme: Supply of indigenous and imported machinery and equipment on
easy financial terms with special focus on women entrepreneurs, weaker sections,
handicapped and ex-servicemen and SC/ST entrepreneurs.
(c) Equipment Leasing: It is done mainly to facilitate SMEs to expand their capacities or
diversify and/or upgrade their technology according to the needs of the market.

(d) Working Capital Finance: This Scheme aims at augmenting working capital of viable and
well managed units, on selective basis in case of emergent requirements to enable them to

LOVELY PROFESSIONAL UNIVERSITY 191