NIOS Class 10 Entrepreneurship Chapter 14 Whom to Approach for What

NIOS Class 10 Entrepreneurship Chapter 14 Whom to Approach for What Solutions to each chapter is provided in the list so that you can easily browse through different chapters NIOS Class 10 Entrepreneurship Chapter 14 Whom to Approach for What and select need one. NIOS Class 10 Entrepreneurship Chapter 14 Whom to Approach for What Question Answers Download PDF. NIOS Study Material of Class 10 Entrepreneurship Notes Paper 249.

NIOS Class 10 Entrepreneurship Chapter 14 Whom to Approach for What

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Also, you can read the NIOS book online in these sections Solutions by Expert Teachers as per National Institute of Open Schooling (NIOS) Book guidelines. These solutions are part of NIOS All Subject Solutions. Here we have given NIOS Class 10 Entrepreneurship Chapter 14 Whom to Approach for What, NIOS Secondary Course Entrepreneurship Solutions for All Chapters, You can practice these here.

Whom to Approach for What

Chapter: 14

Intext Questions 14.1

Write down the full form of the following acronyms:

Ans: 

Intext Questions 14.2

Fill in the blanks: 

(i) A DIC is headed by a _________ and is supported by ____________. 

Ans: General Manager; Industry promotion Officers (IPO).

(ii) KVIC is a body under the ministry of __________________. 

Ans: MSME. 

(iii) _______________ helps MSMEs by providing marketing support like tender marketing. 

Ans: NSIC.

(iv) NABARD looks after the development of the ____________ and __________ based small industries in the country. 

Ans: Rural and agricultural.

Intext Questions 14.3

(i) Fill in the blanks: 

(a) ___________ is the nodal agency for startup India. 

Ans: SIDBI.

(b) Government of India is providing free stall development training programmes under ____________ yojana. 

Ans: Deen Dayal Upadhyay Gramin Kaushalya.

(c) ___________ promote India’s brand abroad as a reliable supplier of high quality goods and services. 

Ans: Export Promotion Councils. 

(ii) Name any three reputed institutions providing specialised training consultancy and research on various aspects of Entrepreneurship development. 

Ans: National Institute for Micro, Small and Medium Enterprises (nimsme). Hyderabad.

1. What is the District Industries Center and what are the major functions of DICs? 

Ans: As per the Industrial Policy 1977, with the support of the central government, state governments started District Industries Centres (DICs) in every district of a state. This centre is located in district headquarters and promotes industrial development in the whole district. 

DICs provide assistance and support to entrepreneurs. They are also responsible for effective promotion of micro, small and medium enterprises at district level. They also generate employment opportunities for the public. A DIC is headed by a General Manager and is supported by Industry Promotion Officers (IPOs). They work under the Directorate of Industries of the respective state government. Therefore, most state government schemes and subsidies are routed through DICs.

The main function of DICs are discussed below:

(i) Entrepreneurship Development: DIC assists an entrepreneur in the DIC programs and guarantees continuous support during the establishment of their business. DIC offers young business owners a single-window clearing system that allows them to settle their business-related problems quickly.

(ii) Information Dissemination: DICs act as repositories of information related to various government schemes, policies, incentives, and opportunities available for MSMEs. 

(iii) Facilitation of Financial Assistance: DIC corporation implements various central and state government schemes for MSMEs, such as the Cluster Development Programme (CDP) and Technology Upgradation Fund Scheme (TUFS). These schemes provide financial assistance, technical support, infrastructure development, and quality improvement to MSMEs.

(iv) Registration and Documentation: Documents required for DIC Registration

(a) PAN , AOA MOA Company.

(b) Board Resolution.

(c) PAN & Aadhar Card / Voter Id / Passport / License of Directors.

(d) Address Proof (Electricity bill / NOC / Rent Agreement.

(e) Cancelled Cheque / Bank statement.

(v) Technology Support and Upgradation: DICs promote the adoption of modern technology and techniques among MSMEs to enhance their productivity, quality, and competitiveness. 

2. Name a few initiatives which are taken under the Ministry of Micro, Small and Medium Enterprise.

Ans: MSME-DIs also spread awareness about central government schemes and identify suitable beneficiaries for these schemes. They also conduct Entrepreneurship cum Skill Development Programmes (ESDP), Entrepreneurship Development Programmes (EDP), Management Development Programmes (MDP) and Skill Development Programmes (SDP) focussing on developing and sharpening the entrepreneurial, managerial and technical skills of the existing or prospective entrepreneur. They also coordinate with DICs and link with state government functionaries.

3. What are various functions of National Bank for Agriculture & Rural Development (NABARD) and how is it useful for development of entrepreneurship. 

Ans: The various functions of national bank for agriculture & rural development are:

(i) Credit Support: Provides long-term (LT) loans to State Governments to contribute to the share capital of cooperative credit institutions. This reimbursement-based support is intended to encourage larger lending programmes by these cooperatives to meet the agricultural credit requirements.

(ii) Entrepreneurship development programme: NABARD is a Development Bank with a mandate for providing and regulating credit for the development of agriculture, small-scale industries, cottage and village industries, handicrafts and other allied economic activities in rural areas to promote prosperity of rural areas.

(iii) Venture capital assistance: NABARD has been entrusted by GoI to handle phased resource mobilisation for the prestigious flagship schemes, viz., Long Term Irrigation Fund (LTIF), Pradhan Mantri Awaas Yojana – Gramin (PMAY-G), Swachh Bharat Mission (SBM), Micro irrigation Fund (MIF), Dairy Infrastructure Development Fund.

(iv) Promotion of microfinance: NABARD, while promoting NABFINS had envisaged that NABFINS shall evolve into a Model Microfinance Institution to set standards of governance among the MFIs, operate with exemplary levels of transparency and operate at reasonable/moderate rates of interest.

(v) Capacity building: NABARD is actively engaged in providing capacity building in agriculture and rural development to the officials of rural financial institutions, NGOs, Voluntary Agencies, MFIs etc.

4. DICs the various central government organisations responsible for entrepreneurship development in the country? Explain about any two organisations in detail.

Ans: (i) Ministry of Micro, Small and Medium Enterprises (MSME): MSME-Development Institutes are field institutes of the Development Commissioner, Ministry of MSME, Government of India. There are MSMEDIs and Branch MSME-DIs set up in state capitals and other industrial cities all over the country. MSME-DIs provide consultancy and support to the MSMEs. They guide entrepreneurs for selection of product, location, raw materials, machinery, layout, production process, managerial consultancy, etc. With changing times, they also focus on modernisation, technology upgradation, acquiring international quality systems, energy conservation, pollution control and similar details for MSMEs. MSME-DIs also spread awareness about central government schemes and identify suitable beneficiaries for these schemes. 

(ii)  National Small Industries Corporation (NSIC): National Small Industries Corporation (NSIC) is a Government of India Enterprise under Ministry of Micro, Small and Medium Enterprises (MSME). It operates through a countrywide network of offices and Technical Centres in the country. NSIC helps MSMEs by providing marketing support like tender marketing. It forms group of micro and small units manufacturing the same product, thereby pooling in their capacity. NSIC applies for tenders on behalf of MSMEs to secure orders for them. These orders are then distributed amongst enterprises according to their production capacity.

5. Explain about District Industries Centers (DICSs). How does it help entrepreneurs?

Ans: DICs provide assistance and support to entrepreneurs. They are also responsible for effective promotion of micro, small and medium enterprises at district level. They also generate employment opportunities for the public. A DIC is headed by a General Manager and is supported by Industry Promotion Officers (IPOs). They work under the Directorate of Industries of the respective state government. Therefore, most state government schemes and subsidies are routed through DICs.

Entrepreneurs should visit, participate and register themselves with local DICs to take maximum advantage of support facilities and expertise. The district industrial profile prepared by the DIC gives a fair idea of resources and opportunities in the district. Here’s how DICs help entrepreneurs:

(i) Information and Guidance: These DICs give out schemes for attracting small businesses, like the district industry center loan scheme. Some functions of district industries centre are identifying suitable schemes, arranging for credit, preparing feasibility reports, etc.

(ii) Entrepreneurship Training: DICs often conduct entrepreneurship development programs (EDPs) and skill development workshops to equip individuals with the necessary knowledge and skills to start and manage a business effectively. Facilitate entrepreneurial capacity building for small and rural industries at the district level.

(iii) Facilitation of Government Schemes: Creating awareness about the schemes, subsidies and incentives from government among the student community/budding and prospective entrepreneurs is very crucial to address the issues like unemployment, optimum resource utilisation and providing need-based products and services. 

(iv) Financial Assistance: DICs facilitate access to finance by connecting entrepreneurs with financial institutions and banks that offer loans, credit lines, and other financial products tailored to the needs of small-scale businesses. An effort is made through this paper to explain the schemes and initiatives of Govt. of India pertinent to Academia for promotion of Entrepreneurship and encourage entrepreneurs.

(v) Infrastructure Support: The DCIS course is fundamental for professionals, specialists, executives, data centre owners, managers, and operators, to enrich their knowledge beyond the industry buzzwords. This course provides end-to-end coverage of the mission-critical infrastructure systems that support typical data centres and environments with high availability requirements.

6. Discuss the sole of government organisations in Entrepreneurship development of the country.

Ans: Here’s a detailed discussion on the role of government organisations in entrepreneurship development:

(i) The Entrepreneurship Policy Framework and Implementation Guidance aims to support developing country policymakers in the design of initiatives, measures and institutions to promote entrepreneurship. 

(ii) Incentives include concessions, subsidies, and bounties. ‘Subsidy’ denotes a single lump-sum which is given by a government to an entrepreneur to cover the cost. It is granted to an industry that is considered essential in the national interest.

(iii) Capacity building refers to the process of developing and strengthening the skills, knowledge, resources, and abilities of individuals, organisations, or communities to effectively achieve their goals and objectives. When it comes to consistency, capacity building plays a crucial role in promoting and maintaining it.

(iv) Infrastructure development requires the involvement of multiple stakeholders for the overall growth of the society. Thus, the Indian infrastructure sector primarily utilises the Public-Private Partnership (PPP) approach.

(v) The Promotion of Research and Innovation in Pharmaceuticals and Medical Device (PRIP) scheme is a new path-breaking intervention designed to promote R&D in the Pharma-MedTech sector in high-priority areas with a financial outlay of Rs 5,000 crore spread over 5 years. 

7. List any five Entrepreneurship Development Institutes in India. 

Ans: (i) MSME-Development Institutes (MSME-DIs): MSME-Development Institutes are field institutes of the Development Commissioner, Ministry of MSME, Government of India. There are MSMEDIs and Branch MSME-DIs set up in state capitals and other industrial cities all over the country.

(ii) National Small Industries Corporation (NSIC): National Small Industries Corporation (NSIC) is a Government of India Enterprise under the Ministry of Micro, Small and Medium Enterprises (MSME). It operates through a countrywide network of offices and Technical Centres in the country. NSIC helps MSMEs by providing marketing support like tender marketing. It forms a group of micro and small units manufacturing the same product, thereby pooling in their capacity. 

(iii) National Bank for Agriculture and Rural Development (NABARD): National Bank for Agriculture and Rural Development (NABARD) is an agricultural and rural development bank owned by Government of India. It looks after the development of the rural- and agriculture-based small industries in the country. NABARD has schemes for both farm and off-farm sectors.

(iv) Small Industries Development Bank of India (SIDBI): Small Industrial Development Bank of India (SIDBI) is a development financial institution for MSMEs, headquartered at Lucknow. It has offices all over the country. SIDBI provides loans for micro, and MSME sector through micro finance institutions (MFIs), non-banking financial companies (NBFCs), and banks. SIDBI also lends directly to MSMEs. Its main focus is for the development of rural enterprises and entrepreneurship development.

(v) State Financial Corporations (SFCs): State Financial Corporations (SFCs) are the state-level financial institutions responsible for the growth of MSMEs in the concerned states. SFCs provide many entrepreneur-friendly schemes like term loans, working capital loans, seed capital assistance to suit the needs of various categories of entrepreneurs. The loans are granted mostly against mortgaged assets. Technical and financial aspects of the project are given foremost consideration while granting loans. 

8. Describe the role of Export Promotion Councils. 

Ans: EPCs promote India’s brand abroad as a reliable supplier of high quality goods and services. They monitor exporters to see they follow international standards. They provide the trends and opportunities in international markets for goods and services and assist their members in taking advantage of such opportunities to expand and diversify exports. EPCs organise visits of delegations of members abroad to explore overseas market opportunities. They also organise trade fairs, exhibitions and buyer-seller meets in India and abroad. Commodity Boards are statutory bodies under the central government for promoting the export of particular commodities e.g. Spices Board, Coir Board, Silk Board and Coconut Development Board.