Page 208 - DMGT310_ENTREPRENEURSHIP_AND_SMALL_BUSINESS_MANAGEMENT

Unit 13: Institutions Supporting Small Business Enterprises

Institute for Micro, Small and Medium Enterprises (NI-MSME), Hyderabad and Indian Notes
Institute of Entrepreneurship, Guwahati.

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.

NIESBUD has helped Central and State Governments and their agencies in promoting
entrepreneurship in their respective areas by way of guidance, consultancy, etc.

State Level Institutions execute different promotional and developmental projects/schemes
and provide a number of supporting incentives for development and promotion of small
scale sector in their respective States.

The District Industries Centers programme was launched in 1978 for effective promotion
of cottage and small scale industries widely dispersed in rural areas and small towns.

13.5 Keywords

Commission: The authority to perform a task or certain duties.
Equipment Leasing: It is done mainly to facilitate SMEs to expand their capacities or diversify
and/or upgrade their technology according to the needs of the market.

Exports: Exports are products which are produced in one country and sent to another.
Khadi and Village Industries Commission (KVIC): It is a statutory body created by an Act of
Parliament in April 1957.

National Institute for Entrepreneurship and Small Business Development (NIESBUD): It is 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.
National Institute of Small Industry Extension Training (NISIET): 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.
Raw Material Assistance: It facilitates availability of scarce raw material either through the
domestic market or by importing.

Skills: An ability and capacity acquired through deliberate, systematic, and sustained effort to
smoothly and adaptively carryout complex activities.
Technology: The word technology refers to the making, modification, usage, and knowledge of
tools, machines, techniques, crafts, systems, and methods of organization, in order to solve a
problem, improve a preexisting solution to a problem, achieve a goal, handle an applied input/
output relation or perform a specific function.
Term Loan: A term loan is a monetary loan that is repaid in regular payments over a set period
of time.
Training: The action of teaching a person or animal a particular skill or type of behavior.
Working Capital Finance: This Scheme aims at augmenting working capital of viable and well
managed units, on selective basis in case of emergent requirements to enable them to pay-off
their purchase of consumable stores, spares and production related overheads particularly
electricity bills, statutory dues.

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