Page 200 - DMGT310_ENTREPRENEURSHIP_AND_SMALL_BUSINESS_MANAGEMENT

Unit 13: Institutions Supporting Small Business Enterprises

Notes
students and professionals with the skills required to make them employable and successful
entrepreneurs.
Analogies from cricket are used in imparting training, to make the learning easy and
interesting. The MoU is expected to foster an entrepreneurial culture among different
strata of society.
Source: http://www.business-standard.com/article/sme/niesbud-to-promote-e-learning-initiative-
112102300070_1.html

Identifying Skills for Maximum Employment

The Skills have been identified on the basis of market needs to ensure maximum employment.
The Institute hopes that at least 25% of the participants will be employed within this financial
year. The main skills identified are Housekeeping & Hospitality, Retail Management, IT & ITES,
Light Engineering, Fashion Designing, Artificial Gems & Jewellery and Cosmetology and
Beautician. Most of these training programmes are being sponsored by the Ministry under the
Scheme of ‘Assistance to Training Institutes’. The participants are encouraged to gain self
employment and are provided hand holding support under the scheme of Rajiv Gandhi Udyami
Mitra Yojana (RGUMY) being implemented by the Ministry of MSME. The programmes are
closely monitored to ensure the highest quality.

Example: The District Administration, Industry and Business Associations, Bankers and
Placement Agencies are closely involved with the programmes.

Figure 13.2: National and International Forum

Source: Lall Madhurima, (2012), Small Business Management, Excel Books Pvt. Ltd.

National and International Forum for Exchange of Ideas

NIESBUD has been conducting training programmes for national and International participants
since 1983 besides conducting research studies and providing guidance and consultancy to new
and existing entrepreneurs in MSME sector.

Example: NIESBUD has been working with different Ministries like Ministry of Labour
and Employment, Rural Development, Social Justice & Empowerment, etc. and assisting them
in fulfilling their objectives.

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