Tamilnadu Samacheer Kalvi 12th Commerce Notes Chapter 25 Government Schemes for Entrepreneurial Development Notes
→ The Government of India has undertaken several initiatives and instituted policy measures to foster a culture of innovation and entrepreneurship in the country.
→ India’s efforts at promoting Entrepreneurship and Innovations:-
Through the Startup India initiative, Government of India promotes entrepreneurship by facilitating startups throughout their life cycle.
→ Make in India, Atal Innovation mission, Support to training and employment programme for women, Jan Dhan-Aadhaar-Mobile, Digital India, Stand-up India, Trade-related Entrepreneurship Assistance and development are the important schemes of Government of India.
→ Other Schemes: Modified Special Incentive Package Scheme, New Gen Innovation and Entrepreneurship Development Scheme, Dairy Entrepreneurship Development Scheme, Single Point Registration Scheme, Atal Incubation Centres are the other schemes of the Government.
→ The various steps involved to start a venture have been highlighted:
1. Selection of a product
2. Selection of ownership
3. Selection of site
4. Designing capital structure
5. Acquisition of manufacturing know-how
6. Preparation of project report
→ The Project Report should include the following:
(i) Technical feasibility
(ii) Economic viability
(iii) Financial viability
(iv) Managerial competency
(v) Provisional registration certificate
(vi) Permanent registration certificate
(vii) Statutory licence
(viii) Power connection
(v) Arrangement of finance