Page 199 - DMGT310_ENTREPRENEURSHIP_AND_SMALL_BUSINESS_MANAGEMENT

Entrepreneurship and Small Business Management

Notes
Figure 13.1: National Institute for Entrepreneurship and Small Business Development

Source: Lall Madhurima (2012), Small Business Management, Excel Books Pvt. Ltd.
National Institute for Entrepreneurship and Small Business Development (NIESBUD) is a premier
Institute under the Ministry of MSME for coordinating, training and overseeing the activities of
various institutions and agencies engaged in Entrepreneurship Development particularly in the
area of small industry and small business. NIESBUD has launched a major project for
Entrepreneurship and Skill Development of 35,000 youth by December 2011 in the states of West
Bengal, Uttarakhand, Uttar Pradesh, Madhya Pradesh, Haryana, Delhi, Rajasthan, Orissa, Bihar,
Jharkhand, Chhattisgarh, Punjab, J&K, Gujarat and Union Territory of Chandigarh. NIESBUD is
one among several Institutions functioning under the Ministry of MSME. In its endeavour to
spread entrepreneurial culture throughout the country, the Ministry is being assisted by two
more entrepreneurship development Institutions namely National Institute for Micro, Small
and Medium Enterprises (NI-MSME), Hyderabad and Indian Institute of Entrepreneurship,
Guwahati.

Caselet NIESBUD to Promote e-learning Initiative

he National Institute for Entrepreneurship and Small Business Development
(NIESBUD) has entered into a Memorandum of Understanding (MoU) with Sun
TOnline Learning India Pvt Ltd for promoting an e-learning initiative developed by
the company, according to a press release of the ministry of micro, small and medium
enterprises (MSME).
NIESBUD is an organisation of the ministry which is engaged in training, research and
other interventions aimed at promoting entrepreneurship and development of micro and
small enterprises. Sun Online Learning’s e-learning initiative is aimed at career planning
and career enhancement.
The MoU was signed between Arun Kumar Jha, director general, NIESBUD and Kris
Srikkanth, the former captain of the Indian cricket team and director of the company.
The digital learning package consists of two modules — employability skills and
entrepreneurship skills. The modules have been designed with the objective of equipping

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