Page 205 - DMGT310_ENTREPRENEURSHIP_AND_SMALL_BUSINESS_MANAGEMENT

Entrepreneurship and Small Business Management

Notes Besides this pivotal role, NABARD also:
1. Acts as a coordinator in the operations of rural credit institutions.
2. Extends assistance to the government, the Reserve Bank of India and other organizations
in matters relating to rural development.
3. Offers training and research facilities for banks, cooperatives and organizations working
in the field of rural development.

4. Helps the state governments in reaching their targets of providing assistance to eligible
institutions in agriculture and rural development.
5. Acts as regulator for cooperative banks and RRB’s.

Set up in 1982, provide refinance assistance to State Cooperative Banks, Regional Rural Banks,
and other approved institutions for all kinds of production and investment credit to SSIs, artisans,
cottage and village industries, handicrafts and other allied activities. Helps SSI entrepreneurs to
get loan for setting up SSIs in any part of the country.

13.3.2 Housing and Urban Development Corporation Ltd. (HUDCO)

Wholly owned company of GOI, incorporated Apr.1970, as a Pvt. Ltd. Co. and subsequently,
converted into a Public Ltd. Co. in 1986. Primary objective is to provide assistance for urban,
social sector infrastructure, and the creation of housing facility, of late, to create SSI infrastructure.
Also extends assistance for the promotion of building material industries, besides imparting
consultancy, training and technical in related matters.

13.3.3 Technical Consultancy Organizations (TCOs)

Set up by all-India financial institutions during 70s and 80s to cater to consultancy needs of SMEs
and new entrepreneurs. Services include preparing project profiles and feasibility studies,
undertaking industrial potential surveys, identifying potential entrepreneurs and provision of
technical and management assistance to them, undertake market research and surveys for specific
products, carrying out energy audit and energy conservatism assignment, project supervision,
taking up assignments on a turnkey basis, undertaking export consultancy for EOU.

Task Critically analyse the role of institutions in promoting small scale business.

Self Assessment

Fill in the blanks:
11. …………………. is set up as an apex Development Bank with a mandate for facilitating
credit flow for promotion and development of agriculture.

12. NABARD acts as a …………………. in the operations of rural credit institutions.
13. NABARD was set up in ………………….
14. …………………. is wholly owned company of GOI, incorporated Apr.1970, as a Pvt. Ltd.
Co. and subsequently, converted into a Public Ltd. Co. in 1986.
15. ……………….. was set up by all-India financial institutions during 70s and 80s to cater to
consultancy needs of SMEs and new entrepreneurs.

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