This institutional support system has been designed at following four levels: 1. Central Government 2. State Government 3. Non-Government Support System 4. District Industries Centres (DIC). Each shall be discussed briefly, one by one, below: 1. Central Government Institutions: The Government Formulated the Micro, Small and Medium Enterprises: Development Act, 2006 and established the National Board for Micro, Small and [...]
In this article we will discuss about the sources of financial support system in entrepreneurship. The sources are: 1. Financial Support by Ministries/Departments/Organizations 2. National Level Financial Institutions 3. State Financial Corporations Offering Specialized SSI Schemes. 1. Financial Support by Ministries/Departments/Organizations: (i) Department of Biotechnology: The Department has a large number of programmes to support innovation and R&D in the [...]
In this article we will discuss about:- 1. Resource Mobilization for Startups 2. Types of Resource Mobilization for Startups 3. Preliminary Contracts with the Vendors, Suppliers, Bankers, Principal Customers; Contract Management 4. Basic Start-Up Problems Faced by Entrepreneurs 5. Methods to Solve Startup Problems. Contents: Resource Mobilization for Startups Types of Resource Mobilization for Startups Preliminary Contracts with the Vendors, [...]