Entrepreneurship Development Program: Meaning and objectives of EDP, Factors of successful edp , Role of EDPs in entrepreneurial development.

Entrepreneurship Development Program: Meaning and objectives of EDP, Factors of successful edp , Role of EDPs in entrepreneurial development.

1. OD –MBA 253T ENTREPRENEURIAL DEVELOPMENT AND MSMEs Topic: Part-C, L-8 Entrepreneurship Development Program: Meaning and objectives of EDPs, Factors of successful EDPs , Role of EDP in entrepreneurial Development Prepared by: Amandeep Thakur Assistant professor https://www.linkedin.com/in/amandeep-thakur-7a81942a/

2. Entrepreneurship Development Programme EDP is a programme meant to develop entrepreneurial abilities among the people. In other words, it refers to inculcation, development, and polishing of entrepreneurial skills into a person needed to establish and successfully run his / her enterprise. Thus, the concept of entrepreneurship development programme involves equipping a person with the required skills and knowledge needed for starting and running the enterprise. According to N. P. Singh (1985), “Entrepreneurship Development Programme is designed to help an individual in strengthening his entrepreneurial motive and in acquiring skills and capabilities necessary for playing his entrepreneurial role effectively. It is necessary to promote this understanding of motives and their impact on entrepreneurial values and behaviour for this purpose.” Now, we can easily define EDP as a planned effort to identify, inculcate, develop, and polish the capabilities and skills as the prerequisites of a person to become and behave as an entrepreneur.

3. Objectives of Entrepreneurial Development Programmes To Develop Entrepreneurial Qualities Analyze Environment Product Selection Project Formulation Formulation Process and Procedures Identifying Sources of Support Helpful in Decision Making

4. Relevance & Needs of EDP Creation of Employment Opportunities Capital Formation Balance Regional Growth Use Of Local Resources Improvement in Per Capita Income Economic Independence

5. Phases of EDP

6. Role Of EDP in Entrepreneurial Development National Institute for Entrepreneurship and small Business development (NIESBUD) Entrepreneurial Development Institute of India(EDII) Centre for Entrepreneurship Development(CED) Institute for Entrepreneurship Development(IED)

7. Problems involved in EDP Lack of National Level Policy Difficulty in Pre-Training phase Over estimation of Trainees Duration of EDPs Lack of Infrastructure Facilities Improper Methodology Faulty Selection Procedure Lacks of Competent Faculty

8. Factors/suggestions to make EDPs Successful Balance between Stimulating, Supporting and Sustaining Activities Model Based EDPs Focus on Achievement Motivation Designing of Viable Project Choice of trainees Competent Trainers Organizing Part Time Programmes Duration of EDPs