Page 198 - DMGT310_ENTREPRENEURSHIP_AND_SMALL_BUSINESS_MANAGEMENT

Unit 13: Institutions Supporting Small Business Enterprises

13.1.4 Khadi and Village Industries Commission (KVIC) Notes

The Khadi and Village Industries Commission (KVIC) is a statutory body created by an Act of
Parliament in April 1957. The KVIC is supposed to do the planning, promotion, organisation
and implementation of programmes for the development of Khadi and other village industries
in the rural areas in coordination with other agencies engaged in rural development wherever
necessary.

13.1.5 National Institute of Small Industry Extension Training (NISIET)

National Institute of Small Industry Extension Training (NISIET), Hyderabad, which undertakes
operations ranging from training, consultancy, research and education, to extension and
information services.

!
Caution The NISIET, since its inception in 1960 by the Government of India, has taken
gigantic strides to become the premier institution for the promotion, development and
modernization of the SME sector.
An autonomous arm of the Ministry of Small Scale Industries and Agro and Rural Industries (SSI
& ARI), the Institute strives to achieve its avowed objectives through a gamut of operations
ranging from training, consultancy, research and education, to extension and information services.
A Centre of Excellence: It was in 1984 that the UNIDO had recognised SIET as an institute of
meritorious performance under its Centres of Excellence Scheme to extend aid. Subsequently, it
was also accorded national status and SIET Institute became NISIET in the same year.
The NISIET was setup as an apex institute in 1960 by the Government of India, with the Charter
of assisting in the promotion, development, and modernization of Small and Medium Enterprises
(SMEs) to progress towards success and prosperity. With this vast expertise in the areas of
entrepreneurship, policy, technology, management, and information services, the institute is
consistently assisting the SMEs to face with confidence, the challenge brought about by
globalization and the impact of IT on their businesses. As a global organization, NISIET’s stellar
role in positioning the SMEs on the growth trajectory has benefited not only the Indian SME
sector, but also developing countries around the world, in promoting self-employment and
enterprise development. The institute is constantly evolving with time, modifying is focus with
the emerging need of SMEs, providing them solutions in the form of consultancy, training
research, and education to retain their competitive edge in ever-hanging makers.

13.1.6 National Institute for Entrepreneurship and Small Business
Development (NIESBUD)

National Institute for Entrepreneurship and Small Business Development (NIESBUD), New
Delhi, it conducts national and international level training programmes in different fields and
disciplines.
The National Institute for Entrepreneurship and Small Business Development (NIESBUD),
an autonomous institution under the ministry of micro, small and medium enterprises,
Government of India, has joined hands with the International Finance Corporation, a member
of the World Bank Group, for jointly undertaking different projects relating to entrepreneurship
development in India.

LOVELY PROFESSIONAL UNIVERSITY 193