Role of sidco

ROLE OF SIDCO

1. Entrepreneurship Development Role of SIDCO Presented By: MITESH GANDHI Roll No: 1845024 Date: 9 th Sept 2019

2. INDEX Introduction Objectives Role of SIDCO Raw materials Division. Marketing Division Bills discounting Division . Export marketing Division . Promotes skill development centres. Promotes women entrepreneurs.

3. INTRODUCTION SIDCO Stands for: Small Industries Development Corporation. State-owned companies or agencies in the states of India which were established at various times under the policy of Government of India for the promotion of small sale industries. Established under Companies Act 1956 Designed to needs of small villages and industries .

4. INTRODUCTION Provides infrastructure facilities, distribute essential raw materials, market the products and undertake civil and electric works. A few of the SIDCOs are: Kerala Small Industries Development Corporation Limited. Small Industries Development Corporation of Jammu and Kashmir. Tamil Nadu Small Industries Development Corporation Limited (TANSIDCO)

5. OBJECTIVES To stimulate the growth of industries in the small scale sector. To provide infrastructure facilities like roads, drainage, electricity, water supply, etc. To Provide technical assistance through training facilities to the entrepreneurs.

6. ROLE OF SIDCO Raw materials Division . It distribute various industrial raw materials to the small scale industries sector in Kerala iron and steel materials to public sector are undertaking .

7. ROLE OF SIDCO 2. Marketing Division . In order to provide an efficient marketing support to small scale industries, the corporation has taken up various schemes. In fact, the corporation participates in the tenders floated by the state government departments and also with the DGSD (Director General of Supplies and Disposal). SIDCO makes advance payments for obtaining orders and distribute them among the various small scale units

8. ROLE OF SIDCO 3.Bills discounting. When small scale units supply goods to government departments, there is a delay in receiving payments. In such a situation, the bills drawn on government departments will be discounted by SIDCO and upto 80% of the bill value is given to the supplier.

9. ROLE OF SIDCO 4. Export marketing Division. To promote export marketing among the small scale industries, SIDCO has developed websites because of which it is able to display the products of the small scale industries in foreign markets and obtain export orders.

10. ROLE OF SIDCO 5. Promotes skill development centres. In an effort to supply skilled labours to various small scale industries, skill development centres are being set up in various industrial estates which will be training workers in varied industrial activities and they will be trained in modern skill.

11. ROLE OF SIDCO 6 . Promotes women entrepreneurs. I n order to promote women entrepreneurs, a separate industrial estate for women has been set up at Thirumullaivoyal ,near Chennai, where women entrepreneurs are trained in various fields of small scale industries.

12. Reference www.sidci.tn.nic.in www.keralasidco.com www.jksidco.org

13. THANK YOU