Page 207 - DMGT310_ENTREPRENEURSHIP_AND_SMALL_BUSINESS_MANAGEMENT

Entrepreneurship and Small Business Management

Notes on January 15, 2010. He refused to comment on either the allegations of special favours or
the conflict of interest arising from his appointment on the NABCONS Board.

NABARD’s response to a RTI query reveals that it released ` 13.3 crore BCG for a
‘repositioning’ report that it admits has never been submitted. Sources in NABARD allege
that an additional payment of ` 9 crore has also been released to “rollout the
recommendations”. NABARD Chairman Prakash Bakshi, under whose leadership these
transactions were sanctioned, did not respond to detailed questions that were emailed to
him on December 3, including on the fresh release of ` 9 crore to BCG or what hit NABARD’s
balance sheet was likely to take after the repayment to RBI of the unauthorised fund
transfers to corporates.
BCG’s Chairman, Asia Pacific, Janmejaya Sinha did not respond to detailed questions
regarding whether the firm had any exposure to working with any developmental financial
institution prior to its consulting assignment with NABARD, especially in the Asia Pacific
region, the terms of reference and payment for the assignment or whether it was true that
BCG was scouting for fresh business opportunities with the RBI.

Question
Do you think the deviation made by NABARD in its policies was a right decision?
Source: http://www.thehindu.com/news/national/as-farmers-suffer-nabard-offers-soft-loans-to-
corporates/article4181802.ece

13.4 Summary

SSI Board is the apex non-statutory advisory body constituted by the Government of India
to render advice on all issues pertaining to the SSI sector.

The Office of the Development Commissioner (Small Scale Industries) is also known as
the Small Industry Development Organization (SIDO).

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 has been trying to act as a major agency to bring SMEs closer to various Governmental
purchasing agencies, with the intention of creating confidence in the purchasing agencies
about SMEs, and their capabilities to supply goods and services of requisite quality,
economic prices and adherence to agreed delivery schedules.

NSIC has set up a NSIC-STP Complex under Software Technology Parks of India (STPI).
The Khadi and Village Industries Commission (KVIC) is a statutory body created by an
Act of Parliament in April 1957.

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

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