27-07-2012, 12:26 PM
Seminar on Entrepreneurship
Entrepreneurship.ppt (Size: 1.01 MB / Downloads: 40)
Institutional Finance
Introduction :
Governments at the center as well as states have established a host of institutions to meet the financial requirement of small entrepreneurs.
My Power point presentation is devoted to discuss the developmental activities extended by these Institutions to small entrepreneurs.
Industrial Finance Corporation of India (IFCI)
Established on July 1, 1948 to cater to the long-term finance needs of the industrial sector
Until the establishment of ICICI in 1956 and IDBI in 1964, IFCI remained solely responsible for implementation of the government’s industrial policy initiatives
Some sectors that have directly benefited from IFCI’s disbursals include:
Consumer goods industry (textiles, paper, sugar)
Service industries (hotels, hospitals)
Basic industries (iron & steel, fertilizers, basic chemicals, cement)
Capital & intermediate goods industries (electronics, synthetic fibers, synthetic, plastics, miscellaneous chemicals)
Infrastructure (power generation, telecom services)
IFCI has sanctioned financial assistance of Rs 462 billion to 5707 concerns
IFCI has promoted Technical Consultancy Organizations (TCOs)
District Industrial Centers (DIC)
Objective - provide a focal point for the promotion of SSI, provide service and support to the decentralized industries under a single roof at pre investment, investment and post investment stage
Initiated from 1st May 1978
Main activities/functions of the Public authority:
Registration of SSI
Census of SSI
Financing of SSI through banks
Provision of industrial estates
Implementation of Industrial Policy
Subsidies to SSI
Technical assistance
Matters relating to KVIC
Trade fairs, exhibition, awareness programme
Training
Technical Consultancy Organizations (TCO)
Set up by IDBI, IFCI and ICICI, state level financial institutions and commercial banks
Services:
Consultants to individual entrepreneurs, government agencies, commercial banks in task of industrial development
Project Consultancy (Identify industrial potential through research, feasibility reports, pre investment studies, providing assistance to potential entrepreneurs)
Management consultancy (Project supervision, technical and administrative assistance, rehabilitation of sick units)
Market consultancy ( Market research and surveys for specific products)
Export consultancy (Assistance to export oriented projects for modern technology)