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

Samacheer Kalvi 12th Commerce Notes