Entrepreneur Development Programme
Entrepreneur Development Programme is a systematic activity that identifies, trains, motivates & develops skillful entrepreneurs. Entrepreneur Development Programmes are the best tool to develop potential entrepreneurs & guide various aspects of technical, financial, marketing, managerial skills, and certification of modernization of the plant. The entrepreneur plays a vital role in the development of the economy. An entrepreneur performs various functions, from concept to the utilization of the idea to selling the final product. Throughout this process, he requires continuous guidance regarding various aspects of the business to guide & assist the potential or specifically new generation entrepreneurs. EDP programs are conducted
Objectives of EDP
The objectives of EDP can be broadly divided into micro & macro parts
Macro objectives
i)To promote the development of small & medium entrepreneurs that would encourage self-employment among potential entrepreneurs.
ii) To develop an entrepreneur culture in the nonconventional group, for eg- Women, lower-class people, and backward classes.
iii)To accelerate the process of industrial & economic development by increasing the number of entrepreneurs and employment opportunities by assisting.
iv)To generate employment by assisting small-scale industry, micro, and medium industries.
v)To utilize untapped or locally available productive resources, such as the availability of raw material, labor, and infrastructure.
vi)To decentralize the economic power, i.e., to maintain stability by developing people from the low-income group.
vii)To increase national income to build a force of well-trained & skillful entrepreneurs
vii) To generate huge employment by assisting labor-intensive small-scale units.
ix) At last, to transfer the Indian economy to an industrial economy
Micro objectives of EDP
i) To encourage the participant to choose an entrepreneur carrier
ii) To guide them to scan business opportunities & select the product.
iii) To inform them about government Schemes, incentives, and various facilities & make them aware of various institutions supporting the entrepreneur.
iv)To guide them in basic managerial skills like planning, organizing, recruiting, record-keeping, etc
v)To educate them regarding the advantages & disadvantages of being an entrepreneur
vi)To help them in launching the enterprise.
For more notes about Types of EDP, click here
