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Module 3

The document discusses entrepreneurship ecosystems and support for MSMEs. It outlines the different levels of institutional support for entrepreneurship and lists various central, state, and other institutes that provide support. It also discusses the importance and growth phases of MSMEs as well as challenges they face and the role of government in promoting them.

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Akash bavishi
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28 views16 pages

Module 3

The document discusses entrepreneurship ecosystems and support for MSMEs. It outlines the different levels of institutional support for entrepreneurship and lists various central, state, and other institutes that provide support. It also discusses the importance and growth phases of MSMEs as well as challenges they face and the role of government in promoting them.

Uploaded by

Akash bavishi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Entrepreneurship

Module-3
Understanding Ecosystem & MSME

 Ecosystem in relation to enterpreneurship can be as follows:


1. Business Ecosystem-refers to the interconnected network of organizations,
individuals, resources, and technologies that collectively create value within an
industry or market.
2. Innovation Ecosystem-comprises a diverse range of actors, such as universities,
research institutions, startups, corporations, investors, and government agencies,
collaborating to foster innovation and entrepreneurship.
3. Entrepreneurial Ecosystem-encompasses the resources, infrastructure, policies, and
cultural factors that support entrepreneurship and startup activity within a region or
community.
Institutional Support

 Three levels:
1. Central
2. State
3. Other Institutes
Central Level Institutes

 Khadi & Village Industries Commission


 Small Industries Development Organization
 Small Industries Service Institute/ Small and Medium Enterprise Development
Institute
 National Small Industries Corporation
 Indian Institute of Entrepreneurship
 Entrepreneurship Development Institutes of India
 National Institute for Entrepreneurship and Small Business Development
State Level Institutes

 Directorate of Industries
 State Financial Corporation
 District Industries Centres
 Small Industries Development Corporations
 Discussion in Class regarding Objective and Role of Each of this Institutes
Other Institutes

 NABARD
 Technical Consultancy Organization
 Single Window Concept
 Export Promotion Council
Financial Assistance to Business
Enterprise
 Discuss why is it required?
1. Cashflow Challenge
2. Capital Investment
3. Lengthy Product Development Cycle
 Major Financial Institutes are as follows:
1. SIDBI
2. IFCI
3. IDBI
4. ICICI
5. Commercial Bank
 Discuss in class regarding Functions and financial sources offered by this
institutes
MSME

 Micro, small, and medium enterprises (MSMEs) are businesses characterized by their
small scale of operations, limited resources, and relatively low workforce.
 They play a vital role in driving economic development, job creation, innovation, and
poverty alleviation in both developed and developing economies.
 MSMEs contribute significantly to GDP growth, employment generation, income
generation, and poverty reduction in many countries.
 They often serve as engines of innovation and entrepreneurship, bringing new products,
services, and business models to the market.
Characteristics of msme

1. Born out of Individual initiative


2. High operational flexibility
3. Low Production cost
4. High Propensity to adopt technology
5. High Capacity to innovate
6. High employment orientation
7. Reduction of Regional imbalances
Importance of MSME
1. Employment Generation
2. Production
3. Export Contribution
4. Innovation and Development
5. Efficient Utilization of Resource
6. Developing Entrepreneurship Capacity
7. Increase Standard of living
8. Equitable Distribution of Income
9. Social Advantage
10. Less population dependency on agriculture
Growth phases of MSME

1. Pre-Liberalization Era (before 1991)


2. Post-Liberalization Era(1991-2006)
3. After MSMED Act,2006
Challenges of MSME

 MSMEs face numerous challenges as follows:


 limited access to finance
 market barriers
 regulatory burdens
 skills gaps
 infrastructure deficiencies
 vulnerability to economic shocks.
 Dependency on middlemen
Role of Government in promoting MSMEs

Training Concession on
excess duty

Role

Marketing Credit
Assistance Facility
Gujarat Government scheme for MSME

Capital
Investment
Subsidy

Venture Capital Sick Industry


Process Rehabilitation
Assistance

ERP Technology
Assistance acquisition
Assistance
Student task

 See latest growth and development in this field


 Also see schemes associated with MSMEs
 See basics of Ease of Doing Business
 Also see how to get benefit from this schemes
Thank you

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