Entrepreneurship Development Institute of India (EDII)

EDI has been spearheading entrepreneurship movement throughout the nation with a belief that entrepreneurs need not necessarily be born, but can be developed through well-conceived and well-directed activities.
In consonance with this belief, EDI aims at:
Creating a multiplier effect on opportunities for self-employment,
Augmenting the supply of competent entrepreneurs through training,
Augmenting the supply of entrepreneur trainer-motivators,
Participating in institution building efforts,

1. B Com 2 nd Sem KSAWU Syllabus WOMEN ENTREPRENEURSHIP Role of financial institutions in support of women entrepreneurial activities SFC & EDII Smt. Uma Minajigi Reur Head, Dept. of Commerce & Management Smt. V G Degree College for Women, Kalaburagi

2. B.COM SYLLABUS SECOND SEMESTER 2.6: WOMEN ENTREPRENEURSHIP Objectives: To acquaint students with the concepts of women entrepreneurship and to familiarize with the entrepreneurial development process. Pedagogy: Classroom lecture, Assignments and Field Visit. Unit 1: Introduction: Concept, meaning and definition of Women entrepreneur and Women entrepreneurship, Characteristics and Types of entrepreneurs, Functions of Women entrepreneur, evolution of Women Entrepreneurship in India, Entrepreneurial skills and competency requirements for women entrepreneur, Role of Women entrepreneurship in economic development. (15 Hours) Unit 2: Opportunities and challenges faced by women entrepreneurs: Challenges faced by Women entrepreneurs, Opportunities for an entrepreneurial career, measure to improve women entrepreneurship, factors influencing the women entrepreneurship, entrepreneurial motivation concept. (10 Hours) Unit 3: Role of financial institution in support of women entrepreneurial activities: SIDBI, DIC, CEDOK, RUDSETI, SFC, EDII, KVIC, (objectives and functions), Long term and Short term financing. Women empowerment through Entrepreneurship Development Programmes. (15 Hours) Unit 4: Government Schemes and Institutional support to Promote Women Entrepreneur: Trade Related Entrepreneurship Assistance and Development (TREAD) scheme for Women, AWAKE, WIMA, NAYE, Mahila Coir Yojana, Mahila Udyam Nidhi, Stand-up India, Annapurna Scheme, Stree Shakti Package For Women Entrepreneurs, Bharatiya Mahila Bank Business Loan, Dena Shakti Scheme, Udyogini Scheme, Cent Kalyani Scheme, Mahila Udyam Nidhi Scheme, Mudra Yojana Scheme For Women, Orient Mahila Vikas Yojana Scheme, etc. (20 Hours) Unit 5: Project Identification and Formulation: Meaning of project, project identification, project selection, project formulation: meaning, significance, contents, formulation steps, Planning Commission’s Guidelines for formulating a Project report, Specimen of a project report. (10 Hours)

3. Unit 3: Role of financial institutions in support of women entrepreneurial activities : Small Industries Development Bank of India (SIDBI) District Industries Centre (DIC) Centre for Entrepreneurship Development of Karnataka (CEDOK) Rural Development and Self Employment Training Institute (RUDSETI) State Financial Corporation (SFC) Entrepreneurship Development Institute of India (EDII) The Khadi and Village Industries Commission (KVIC) Long term and short term financing. Women Empowerment through Entrepreneurial Development Programmes.

4. state finance corporation (SFC)

5. state finance corporation (SFC) The Govt. after independence realised the needs of creating a financial corporation at the state level for catering to the needs of industrial entrepreneurs. As a result, the Govt. of India after consultations with the state governments and the Reserve Bank of India, introduced State Finance Corporations Parliament bill in the Parliament in 1951. SFC Act came into existence with effect from August 1st, 1952. The Act permitted the State Government to establish financial corporation’s for the purpose of promoting industrial development in their respective states by providing financial assistance to medium and small scale industries.

6. state finance corporation (SFC) SFC – State Finance Corporation At present in India, there are 18 state finance corporations (out of which 17 SFCs were established under the SFC Act 1951). Tamil Nadu Industrial Investment Corporation Ltd. which is established under the  Company  Act, 1949, is also working as state finance corporation. Objectives and Scopes:        The main objectives of the S.F.C are to provide financial assistance to medium and small scale industries which are outside the scope of I.F.C.I. The main function of S.F.C. is limited within its states. It covers not only public limited companies but also private limited companies, partnership firms and proprietary concerns.

7. state finance corporation (SFC) OBJECTIVES : OBJECTIVES Promotion, Development & Financing Industries and Service Sector Enterprises in Micro, Small and Medium sectors in National Capital Territory of Delhi and Union Territory of Chandigarh. Besides this, some other objectives of DFCs are: To establish uniformity in regional industries. To bring efficiency in regional industrial units. To provide incentives to new industries. To provide finance to small scale, medium sized & cottage industries in state. To develop regional financial resources.

8. state finance corporation (SFC) functions : Functions Of SFC:       The main functions of S.F.C. are as follows: It grants loan and advances to industrial concerns that are repayable within the maximum period of 20 years. It subscribes the shares and debentures of industrial concerns. It underwrites the shares and debentures of the industrial concerns. It guarantees loans raised by the industrial concerns repayable within 20 years. Guarantees deferred payments for purchase of capital goods with India. It acts as an agent of the State and central Government.

9. SFC Objectives & Functions

10. state finance corporation (SFC) According to section 2(C) of the SFC Act 1951 as amended in 1961, the SFC can assist an industrial concern that is engaged in any of the following activities: Manufacture, preservation or processing of goods Hotel Industries Road Transport Generation or distribution of electricity or any other form of power Development of any area of land as industrial estate. Fishing or providing facilities for fishing or manufacture of fish products. Providing special or technical knowledge or other services for the promotion of industrial growth.

11. state finance corporation (SFC) SFC provides foreign exchange loans under World Bank schemes.       The SFC occupies an important place as an institution for industrial development in the country. The major beneficiaries of the SFC are assistances are the following industries: Food Processing Textile Chemical and Chemical Products Metal Production Cement.

12. state finance corporation (SFC) Prohibited Functions: Not to give loans to an industrial unit exceeding 10% of its paid-up capital or Rs. 60,000 whichever is lower. Not to accept public deposits for a period exceeding 5 years. Not to accept deposits exceeding the paid-up capital. Not to give loans on the security of its shares. Not to declare dividend on its shares without sanction of the Central Government. Not to purchase shares and stocks directly of an industrial unit or limited public company.

13. state finance corporation (SFC) MANAGEMENT : State Financial Corporations of every state is Governed by a board of directors consisting of 18 directors in all, duly elected and nominated. SHARE CAPITAL: The SFCs can have share capital ranging from Rs. 50 lakhs to Rs. 5 crores. It can be increased up to Rs. 10 crores with the prior sanction of the Central Government. BONDS AND DEBENTUREs: The SFCs can issue bonds and debentures to a maximum of ten times the amount of its paid-up capital and reserve fund. PUBLIC DEPOSITS: The SFCs can accept public deposits for a maximum period of 5 years. However, the total amount received by way public deposits should not exceed twice its paid-up capital. Other Sources: Borrowings from the State Government and the RBI.

14. Critical Evaluation It has been alleged that the SFCs are not working in accordance with the financial needs of the small scale, medium sizes and cottage industries. The main arguments against their working are: Inadequate assistance. Undue delay in sanctioning and disbursing loans. Indifferent attitude towards new business enterprise. Absence of financial technical experts. Speed of progress is quite low. Complex working procedure and full of unnecessary and unwanted formalities. Shortage of requisite capital. Difference between loans and sanctioned and disbursement is quite large. Lack of requisite training facilities to employees. Inadequate underwriting.

15. Entrepreneurship Development Institute of India (EDII)

16. Watch The EDII Institute Entrepreneurship Development Institute Of India (EDII)

17. Entrepreneurship Development Institute of India (EDII) Entrepreneurship Development Institute of India (EDII), an autonomous and not-for-profit institute, set up in 1983, is promoted by apex financial institutions – the IDBI Bank Ltd., IFCI Ltd., ICICI Bank Ltd. and the State Bank of India (SBI), with support from the Government of Gujarat. The Government of Gujarat pledged 23 acres of land on which stands the majestic and sprawling EDII campus. To pursue its mission, EDII has helped set up 12 state-level exclusive Entrepreneurship Development Centres and Institutes. One of the satisfying achievements, however, was taking entrepreneurship to a large number of schools, colleges, science and technology institutions and management schools in several states by including entrepreneurship inputs in their curricula. In view of EDII’s expertise in entrepreneurship, the University Grants Commission had also assigned EDII the task of developing curriculum on entrepreneurship and the Gujarat Textbook Board assigned to it the task of developing textbooks on entrepreneurship for 11th and 12th standards.

18. Entrepreneurship Development Institute of India (EDII) In order to broaden the frontiers of Entrepreneurship Research, EDII has established a Centre for Research in Entrepreneurship Education and Development (CREED), to investigate into a range of issues surrounding small and medium enterprise sector, and establish a network of researchers and trainers by conducting a biennial seminar on entrepreneurship education and research. In the international arena, efforts to develop entrepreneurship by way of sharing resources and organising training programmes, have helped EDII earn accolades and support from the World Bank, Commonwealth Secretariat, UNIDO, ILO, FNSt , British Council, Ford Foundation, European Union, ASEAN Secretariat and several other renowned agencies.

19. Entrepreneurship Development Institute of India (EDII) The Ministry of External Affairs, Govt. of India assigned to EDII the task of setting up Entrepreneurship Development Centers in Cambodia, Lao PDR, Myanmar and Vietnam and Uzbekistan. Five such centres in African region will be established very soon. EDI’S mission is to become a catalyst in facilitating emergence of competent first generation entrepreneurs and transition of existing SMEs into growth-oriented enterprises through entrepreneurship education, training, research & institution building.

20. Entrepreneurship Development Institute of India (EDII) EDI has been spearheading entrepreneurship movement throughout the nation with a belief that entrepreneurs need not necessarily be born, but can be developed through well-conceived and well-directed activities. In consonance with this belief, EDI aims at: Creating a multiplier effect on opportunities for self-employment, Augmenting the supply of competent entrepreneurs through training, Augmenting the supply of entrepreneur trainer-motivators, Participating in institution building efforts,

21. Inculcating the spirit of 'Entrepreneurship' in youth, Promoting micro enterprises at rural level, Developing and disseminating new knowledge and insights in entrepreneurial theory and practice through research, Facilitating corporate excellence through creating intrapreneurs (entrepreneurial managers), Improving managerial capabilities of small scale industries, Sensitizing the support system to facilitate potential and existing entrepreneurs establish and manage their enterprises, Collaborating with similar organisations in India and other developing countries to accomplish the above objectives.

22. Success Stories of Alumni of EDII

23. Thank You