Entrepreneurs

Introduction
An entrepreneur is defined as someone who organizes a business venture and assumes the risk for it. But an entrepreneur is much more than just a creator of organisations; entrepreneurship in itself is the characteristic and a trait of an individual.

Historically, India has been a country of the self-employed and not of employees. Even with the influx of large corporate organisations into the economy, the bulk of the income generation in the country today is centred on small and medium business owners. These businesses are the largest contributors to national income & employment, and have increasingly been courted by financial institutions and policy makers.

The self employed are the backbone of the nation. From the corner tea shop, mom-and-pop grocery, scrap dealer and the internet start-up, all these entrepreneurs need encouragement and help to be able to compete in the global economy, and the Government of India has been at the forefront to promote private entrepreneurship by providing the right socio-economic ecosystem for innovation & development.

Basics of Entrepreneurship
  • An activity to convert ideas into economic opportunities is the core of entrepreneurship. Entrepreneurship is referred to as a source of improvement and change resulting into improvements in productivity and economic competitiveness. In fact, it is closely associated with knowledge and flexibility as well.
  • With technological advancement and global competitiveness brought about by globalization and economic liberalization, fostering entrepreneurship increases a country's competitiveness in the ever changing economic forefront. Influence of entrepreneurship to economic growth can be expressed through competition, innovation.
  • The key to transforming an individual from being "self-employed" to become an "entrepreneur" is the establishment of a business organisation. The Ministry of Micro, Small and Medium Enterprises is the harbinger of this change, as a majority of new business entities are launched with minimum capital and maximum vision.


Micro, Small and Medium Enterprises (MSME)

Aim of MSME
"Imparting greater vitality and growth impetus to the Micro, Small and Medium Enterprises (MSME) in terms of output, employment and exports and instilling a competitive culture based on heightened technology awareness."

The government has adopted a simple and easy structure for the setting up of new enterprises in order to promote entrepreneurship across the country. Additionally, it provides the help of specialists to budding micro, small & medium enterprises in their day-to-day functioning.

The Micro, Small and Medium Enterprises (MSME) sector has been recognised as engine of growth all over the world. Many countries of the world have established a SME Development Agency as the nodal agency to coordinate and oversee all Government interventions in respect of the development of this sector. In the case of India, also Medium establishment has for the first time been defined in terms of separate Act, governing promotion and development of Micro, Small and Medium Enterprises (MSME) i.e. Micro, Small and Medium Enterprises (MSME) development Act, 2006 (which has come into force from 02nd Oct, 2006) the Office of Development Commissioner (Micro, Small and Medium Enterprises) functions as the nodal Developmet Agency under the Ministry of Micro, Small and Medium Enterprises(MSME).

Services

The main services rendered by DC (MSME) office are:

  1. Advising the Government in policy formulation for the promotion and development of MSMEs.
  2. Providing techno-economic and managerial consultancy, common facilities and extension services to MSMEs.
  3. Providing facilities for technology upgradation, modernisation, quality improvement and infrastructure.
  4. Developing Human Resources through training and skill upgradation.
  5. Providing economic information services.
  6. Maintaining a close liaison with the Central Ministries, Planning Commission, State Governments, Financial Institutions and other Organisations concerned with development of MSMEs.
  7. Evolving and coordinating Policies and Programmes for development of MSMEs as ancillaries to large industries.
Useful Links
Schemes of MSMEs
Other Details
 Development Commissioner (Micro, Small and Medium Enterprises)

The office of the Development Commissioner (MSME) functioning within the Ministry of  MSME is located at the following address:

Development Commissioner (Micro, Small and Medium Enterprises),
A-Wing, 7th Floor, Nirman Bhavan, New Delhi 110011
Phone : 91-11-23063800, 23063802, 23063803, 23063804, 23063805, 23063806
Fax:     91-11-23062315
Email:
URL: www.dcmsme.gov.in