Industrial Development Bank of India (IDBI)
Small Industrial Development Bank India (SIDBI)
Small Industries Development Organisation (SIDO)
National Small Industries Corporations (NSIC)
Small Industries Service Institutes (SISIs)
State Small Industries Development Corporations (SSIDC)
Directorate of Industries, District Industries Centres (DICs)
These financial institutions have also started providing venture capital to young and upcoming entrepreneurs.
The usual problems faced by such business establishments include
Shortage of material
Capital and power
Lack of training facilities
Lack of quality control
Inadequate marketing faculties
Importance and contribution made by the entrepreneur’s community in the development of an economy.
The world to develop the required skills to become a successful entrepreneur.
In India, many organisations conduct EDP to impart entrepreneurial training, prominent among them being the Entrepreneurial Development Institute of India at Ahmedabad.
Develop and strengthen the quality of entrepreneurship
Select suitable products and formulate various feasible projects
Acquaint people with the process and procedure involved in setting and running a small enterprises
Train and prepare the entrepreneurs to face the challenges of business risk
Broaden the vision about business and help its growth within the parameters of law.