Entrepreneurship as Innovation and Problem Solving — Entrepreneurship STD 11 Commerce — Question

A number of institutes have been set-up, both by the government as well as private agencies to encourage entrepreneurship in the country. Some of these institutes are as follows:

1. National Institute for Entrepreneurship and Small Business Development: (NIESBUD) It is a premier organisation of Ministry of Skill Development and Entrepreneurship, engaged in training, consultancy, research, etc., in order to promote entrepreneurship.
2. Indian Institute for Entrepreneurship: (IIE) It was established in the year 1993 in Guwahati by the Ministry of Micro, Small and Medium Enterprises, as an autonomous institute, with an aim to undertake training, research and consultancy activities in small and micro enterprises, focusing on entrepreneurship development.
3. National Institute for Micro, Small and Medium Enterprises: (NIMSME) This institute is an organisation of the Ministry of Micro, Small and Medium Enterprises, formed to play a pivotal role in the promotion of small enterprises.
4. National Small Industries Corporation: (NSIC) It was set-up in 1955 with the objective of supplying machinery and equipment to small enterprises on a hire-purchase basis and assisting them in procuring government orders for various items of store.
5. Rural Entrepreneurship Development Institute: (REDI) The main purpose of REDI is to promote entrepreneurship and create self-employment avenues in rural areas.
6. Training and Development Centre: (TDC) Training and development centre in collaboration with various departments, launches training and development programmes aimed at improving certain specific sectors. Some of the training programmes conducted by it are as follows:

1. Training in use of agricultural implements and machinery.
2. Basic training of multipurpose health worker, etc.