Government_Initiative_and_Institutional_Assistance_Modern.pptx

Government_Initiative_and_Institutional_Assistance_Modern.pptx

1. Government Initiative and Institutional Assistance Unit 4 – Entrepreneurship Development Presented by: Dr. Swathi P Department of Management, Kristu Jayanti Deemed to be University

2. Overview Start-up India Schemes Central and State Initiatives Make in India & Ease of Doing Business Industrial Corridors and Key Sectors Financial and Non-Financial Assistance Financial Incentives & Tax Concessions Industrial Estates

3. Start-up India Scheme Launched in 2016 by the Government of India Promotes innovation and entrepreneurship Key features: - Self-certification & single-window clearance - Tax exemption for 3 years - Fund of Funds (₹10,000 crore corpus) - Startup India Hub for guidance and networking

4. Atal Innovation Mission: Established Atal Tinkering Labs in over 10,000 schools to nurture innovation. MUDRA Yojana : Start-ups like Chumbak (handicrafts & lifestyle products) availed small business loans under MUDRA. Stand-Up India: Empowered entrepreneurs like Kalpana Saroj ( Kamani Tubes) — a successful woman entrepreneur example.

5. Central Government Initiatives for Start-ups Atal Innovation Mission (AIM) Stand-Up India – for women & SC/ST entrepreneurs Digital India – enabling digital infrastructure MUDRA Yojana – loans up to ₹10 lakh for small businesses Skill India – training youth for entrepreneurship

6. Atal Innovation Mission – Tinkering Labs across 10,000 schools Stand-Up India – for SC/ST & women entrepreneurs Digital India – digital infrastructure MUDRA Yojana – small business loans (e.g., Chumbak ) Skill India – vocational & entrepreneurship training Example: Kalpana Saroj – successful woman entrepreneur

7. Start-up Karnataka State-level initiative to boost innovation Focus on IT, biotechnology, and agri-tech Key support: - Karnataka Start-up Fund & incubation centers - Innovation hubs across cities - Start-up Cell for policy and networking

8. Examples: • Niramai – AI healthtech start-up • HungerBox – food-tech platform • Bellatrix Aerospace – space-tech innovation

9. Make in India Scheme Launched in 2014 to attract FDI & boost manufacturing Objectives: - Create jobs and enhance skills - Foster innovation and investment - Build manufacturing infrastructure Target: 25 sectors including automobiles, textiles, electronics

10. Examples: • Apple – manufacturing in Tamil Nadu & Karnataka • Samsung – world’s largest factory in Noida • Tata Motors – EV production under Make in India

11. Ease of Doing Business India ranked 63rd (World Bank 2020) Initiatives: - Simplified business registration - Online compliance systems - Decriminalization of minor offences - Labour law reforms & single-window clearance

12. Examples: • Zomato & Byju’s – registered easily through online portal • Gujarat & Andhra Pradesh – top-ranked states for reforms

13. Industrial Corridors Aim: Improve infrastructure & attract investment Major Corridors: - Delhi–Mumbai Industrial Corridor (DMIC) - Bengaluru–Mumbai Industrial Corridor (BMIC) - Chennai–Bengaluru Industrial Corridor (CBIC) - Amritsar–Kolkata Industrial Corridor (AKIC) Benefits: Employment generation & regional growth

14. Key Sectors for Growth IT Sector – digital economy & start-up ecosystem Tourism – eco & heritage tourism focus Food Processing – value addition, agro-based industries Scheme: Pradhan Mantri Kisan SAMPADA Yojana

15. IT – Infosys, Wipro: India’s global tech leaders Tourism – Kerala’s Responsible Tourism Mission Food Processing – Amul & ITC e- Choupal supporting farmers

16. Financial Assistance Institutions SFCs – Term loans for industrial units SIDBI – MSME financing & development Commercial Banks – Working capital & term loans KSIDC – Medium & large industry funding KSSIC – Support for small-scale industries IFCI – Long-term financial support for infrastructure

17. Non-Financial Assistance Agencies DIC – Guidance, registration, incentives SISI (MSME-DI) – Training & technical support EDI – Entrepreneurship development programs SIDO – Policy support & promotion AWAKE – Women entrepreneurship support TCO – Technical consultancy TECKSOK – Technology guidance KVIC – Rural entrepreneurship & village industries

18. Financial Incentives for SSI Capital investment subsidy Interest subsidy on loans Tax concessions for new industries Subsidized power tariff Rebate on stamp duty & registration charges Power tariff rebates Example: MSMEs in Peenya Industrial Estate enjoy subsidies

19. Industrial Estates – Role and Types Role: - Promote regional development - Provide infrastructure for entrepreneurs - Facilitate cluster-based industries Types: 1. General Industrial Estates 2. Specialized Estates (e.g., IT Parks) 3. Export Processing Zones 4. Integrated Industrial Townships

20. Industrial Estates – Role and Types Role: provide infrastructure & regional development Types: • Peenya Industrial Estate – SME cluster • Electronic City – specialized IT park • SIPCOT – automobile manufacturing hub

21. Summary Government initiatives empower start-ups & MSMEs Financial and non-financial institutions provide vital support Industrial policies promote innovation and regional development

22. References www.startupindia.gov.in www.makeinindia.com www.kstart.karnataka.gov.in www.sidbi.in www.kvic.gov.in