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Comprehensive policy package for SSI & Tiny Sector Entrepreneurship Management

Comprehensive policy package for SSI & Tiny Sector Entrepreneurship Management Prof Bharat Nadkarni. Entrepreneurship Management. Comprehensive policy package for SSI & Tiny Sector

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Comprehensive policy package for SSI & Tiny Sector Entrepreneurship Management

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  1. Comprehensive policy package for SSI & Tiny Sector Entrepreneurship Management Prof Bharat Nadkarni

  2. Entrepreneurship Management Comprehensive policy package for SSI & Tiny Sector The Small scale industry (SSI) has emerged as India’s engine of growth in the new millineum. By the end of March 2000, SSI sector accounted for nearly 40 % of gross value of output in the manufacturing sector and 35 % of total exports from the country. There are around 32 lakh SSI/ tiny units in the country employing more than 18 million people. The most important challenge faced by the SSI and tiny sector is that of growing competition both globally and domestically. The sector has also been facing problems which relate to 1) Credit 2) Infrastructure 3) Technology 4) Marketing 5) Delayed payment 6) Hassels on account of so many rules and regulations

  3. Entrepreneurship Management In order to enable this sector to avail the opportunities and play its role as an engine of growth, it is essential to address to the problems effectively and urgently. For having a focused attention on the development of SSI and tiny sector, GOI has created a new ministry of SSI & Agro and Rural industries in october 1999. Interim report of the S P Gupta study team constituted by the planning commission provided the background material for the consideration of the group of ministers under the chairmanship of Mr L K Advani.The team was put together by PM Mr A B Vajpayee. On the recommendations from the team, a comprehensive policy package for the SSI and tiny sector was announced on 30 August 2000 by the PM.

  4. Entrepreneurship Management Support Organisations 1. Small industries development organisation (SIDO) 2. Small industries service institute (SISI) - it’s a service agency 3. National small industries corpn. Ltd. (NSIC) 4. Small industries development bank of India (SIDBI) 5. Technology bureau for small enterprises ( TBSE) 6. Maharashtra industrial development corpn. (MIDC) 7. Maharashtra small scale industries development corpn. Ltd. (MSSIDC) 8. Maharashtra industrial & technical consultancy services ltd. (MITCON)

  5. Concessions & Incentives for SSI

  6. Protective Investment Limit Government of India Reservation Policy Government of India Interest on Delayed Payment Act Government of India

  7. Marketing • Price & Purchase Preference NSIC • Marketing Support NSIC / MSSIDC • Vendor Development Programme (VDP) SISI • Sub-contract Exchanges (SCX) SISI • Market Development Assistance SIDO / SIDBI Programme (MDAP) • Foreign Direct Investment Government of India • Participation in Equity of SSI Government of India

  8. Technology • Technical Consultancy Organization (TCOs) State Government • Science & Technology Parks (STPs) State Government • Research & Development (R&D) NRDC / CSIR • Product & Process Development Centres SIDO / SISI (PPDC), Field Testing Stations (FTS), Tool Rooms (TR), Regional Testing Centres (RTC), Tool Design Institutes (TDI), etc. • Technology Development & Modernization SIDBI Fund (TDMF)

  9. Technology • ISO 9000 / ISO 14001 Certification SIDBI • Integrated Technology Upgradation Programme SIDBI (UPTECH) • Small Industries Management Assistance Programme SIDBI (SIMAP) • Technology Bureau for Small Enterprise (TBSE) SIDBI • Common Effluent Treatment Plant (CETP) State Government & GOI • National Innovation and Business Incubation Programme SIDBI

  10. Finance • Priority Sector Credit Policy Reserve Bank of India • Bill Discounting Financial Institutes / Banks • Factoring Service Financial Institutes / Banks • Composite Loans Financial Institutes / Bank

  11. Finance • Liberal Credit Access Reserve Bank of India • Liberal Working Capital Norms Reserve Bank of India • Venture Capital Funds Financial Insti / Banks • Over The Counter Exchange Government of India of India (OTCEI) • Credit Guarantee Scheme (CGS) SIDBI • National Equity Fund (NEF) SIDBI

  12. Taxation • Concessions under Income Tax Act Government of India • Concessions under Central Excise Government of India • Concession under Stamp Duty State Government

  13. Infrastructure • Integrated Infrastructure Government of India Development Scheme (IID) • Cluster-based Infrastructure Development State Government

  14. Human Resource Development • Entrepreneurship Development Institute of India (EDII) Government of India • National Institute for Entrepreneurship & Small Government of India Business Development (NIESBUD) • Indian Institute for Entrepreneurship (IIE) Government of India • Small Industries Extension Training Institute Government of India of India (SIETII) • Centres for Entrepreneurship Development (CEDs) State Government

  15. Miscellaneous • Credit Rating SIDBI • WTO Sensitization Programmes SISI • Prime Minister Rojgar Yojna SIDO (PMRY) • Deendayal Hath Kargha Protsahan Yojna KVIC • Comprehensive Package for Khadi & Village Industries KVIC

  16. Miscellaneous • Relaxation under Environment Laws State Government • Small Enterprises Information and SISI Research Centre Network (SENET) • Rural Industries Programme (RIP) SISI & others • Package Scheme for I.T. Units State Government

  17. Modified Scheme • Package Scheme of Incentives -State Government: • Capital Subsidy in Backward Areas only • Interest Subsidy on Term Loan for new Textile, Hosiery & Knitwear Units only. • Octroi Refund in Backward Areas only • Electricity Duty Exemption in Backward Areas and to Sunrise Sectors Sales Tax Exemption / Deferral Scheme is Withdrawn

  18. Neglected Areas • Reforms in Labour Laws • Reforms in Power Sector

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