ENTREPRENEURSHIP DEVELOPMENT IN
INDIA
Christ University, Bangalore
Agenda
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Meaning of EDP
Misconceptions about EDP
Objectives of such program
Entrepreneurship Cycle
Entrepreneurial Discipline
Woman Entrepreneurship
Factors affecting Woman –
Entrepreneurship Barriers to it
• Entrepreneurial environment and
it’s analysis
• Locational Mobility of
Entrepreneurs
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EDP (Entrepreneurship Development Program)
• EDP means a program designed to
help a person in strengthening his
entrepreneurial motive and in
acquiring skills and capabilities
necessary for playing his
entrepreneurial role effectively
• Towards this end, it is necessary to
promote his understanding of
motives, motivation pattern, their
impact on behavior and
entrepreneurial value
• A program which seeks to do this
can qualify to be called an EDP
Misconceptions about EDP
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EDP is a catch word
But misconceptions about EDP prevail
Lack of understanding and clarity has limited its growth
EDP hasn’t contributed much to the industrial economy of our country
yet
Misconceptions about EDP
• Chandramauli Pathak has
listed some of the
prevailing common
misconceptions about
EDP:
1. Join an EDP, all your
problems are solved
2. EDP means only training
3. Higher the number,
better the EDP
4. EDP success is the sole
responsibility of
Trainers- Motivators
Objectives of EDP
• Refer Page 186 and 187 of Vasant Desai Text
Entrepreneurial Development Cycle
• Refer Fig. 13.1 on
Page 185 of Vasant
Desai Text
• Simulatory
• Support
• Sustaining
,
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Entrepreneurial Development Cycle
• Simulatory
1. Entrepreneurial Education
2. Planned publicity for
entrepreneurial
opportunities
3. Identification of potential
entrepreneurs through
scientific methods
4. Motivational training to
new entrepreneurs
5. Help and guidance in
selecting products and
preparing project reports
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Entrepreneurial Development Cycle
6. Making available technoeconomic information and product
profits
7. Evolving locally suitable new
products and processes
8. Availability of local agencies
with trained personnel for
entrepreneurial counseling and
promotions
9. Creating entrepreneurial forum
10. Recognition of entrepreneurs
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Entrepreneurial Development Cycle
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1.
2.
3.
Support
Registration of unit
Arranging finance
Providing land, shed, power, water
etc.
4. Guidance for selecting and
obtaining machinery
5. Supply of scarce raw materials
6. Getting license/ import licenses
7. Providing common facilities
8. Granting tax relief or other
subsidies
9. Offering management consultancy
10. Help marketing products
11. Providing information
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Christ University, Bangalore
Entrepreneurial Development Cycle
• Sustaining
1. Help modernization
2. Help diversification/ expansion/ substitute
production
3. Additional financing for full capacity
utilization
4. Deferring repayment/ interest
5. Diagnostic industrial extension/
consultancy source
6. Production units legislation/ policy change
7. Product reservation/ creating new avenues
for marketing
8. Quality testing and improvident services,
and,
9. Need- based common facilities center
Entrepreneurial Discipline
• Entrepreneurs who are developed and promoted at social cost have a
certain responsibility to the society that promotes and supports them
• The society expects adequate returns from these people
• Towards this end, entrepreneurs are expected to follow a certain
discipline which is essential for entrepreneurial career
• This covers subjects like:
1. Repayment behavior- financial management
2. Response to tax and statutory requirement- law and compliances
3. Progressive outlook towards labor- labor management
4. Care for ecology and environment- environment management
• Issues of EDP- Refer Page 191 of Vasant Desai Text
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Woman Entrepreneurship
• The emergence of
entrepreneurs in a society
depends on the economic,
social, religious, cultural and
psychological factors
prevailing in the society
• In the advanced countries of
the world, there is a
phenomenal increase in the
number of self- employed
women after the World War
II
Woman Entrepreneurship in India
• Today, we find women in different
types of industries, traditional as well
as non- traditional, such as engineering,
electronics, readymade garments,
fabrics, eatables, handicrafts, dollmaking, poultry, plastics, soap,
ceramics, printing, toy- making etc.
• Participation of women as industrial
entrepreneurs is comparatively a recent
phenomenon in India
Christ University, Bangalore
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Women Entrepreneurship in India
• Majority of the women entrepreneurs in India are engaged in the
unorganized sector like agriculture, agro- based industries,
handicrafts, handlooms, and cottage- based industries
• In order to improve the situation, a number of activities such as
motivational drive, preparation of information material; conducting
training; creation of women industrial estates/ areas/sheds; creation of
common marketing exposition centers; training of trainers/ promoters;
and use of mass media etc. are required
• Combined effect of all these is bound to accelerate the process of
women entrepreneurship development
Segments of Women Entrepreneurs
• Four segments of women entrepreneurs exist:
1. Self- help Groups: Those who are well served and mentored by
microfinance institutions
2. Grassroots entrepreneurs: Those who are driven by a need to
augment the family’s finances especially to secure their children’s
future- tailors, flower sellers, STD booth owners, pan shops etc.
3. Mid- rung entrepreneurs: They are driven by a need to build
reputation, become known, improve quality and satisfy creative
instincts. Mostly graduate +, they typically have garment shops,
poultry farms, export businesses etc.
4. Upper Crust: Drawn from the topmost social class, very well
educated, with businesses like export houses, travel agencies, traders
in pharmaceuticals, often adjuncts to their husband’s businesses, they
aspire for turnovers of more than Rs. 5 crore
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Christ University, Bangalore
Qualities of Women Entrepreneurs
• Refer Page 80 of Vasanth Desai
Text
Basic Problems of Women
• Refer Page 81 of Vasanth
Desai Text
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