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Running a magazine concentrating on issues of small and medium enterprises and managing with limited resources is a like living life on the edge. In this rush of meeting deadlines,...
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Features
Support System for Rural Enterprises & Entrepreneurs
Perumal Koshy
Jan 2011
Jan 2011
Page 1 of 4
India's informal sector has a very powerful presence of brilliant entrepreneurs, who can potentially contribute much more, than what they do today, for India's fight against poverty and unemployment , if appropriate support, mentoring , hand-holding and technical- financial assistance are provided. Inclusive growth can be achieved only by empowering informal sector enterprises and entreprenurs. But how can they be empowered?
A supporting mechanism is what is needed for strengthening informal venturs. Such a mechanism has to be created for enabling & facilitating their upwardly growth in the enterprise pyramid so that they could contribute much more to the economic development, employment generation and poverty alleviation. It is also important to Introduce youth to the world of MSMEs and entrepreneurship.
Institutional mechanism that would be created can facilitate the formation of new start-ups and work to empower and assist informal sector enterprises, micro & small enterprises in their growth and expansion. This mechanism should have the capacity to address some of the issues that the enterprises face such as credit related issues, lack of information, marketing support, technological and technical assistance etc.
A possible solution for this may be instituting a country wide network of Rural Business Incubators (RBIs) & Enterprise Resource Centres (ERCs) at Community Development Block (CDBs) level. Providing appropriate support system to enterprises are very crucial for their survival in the competitive global market. The support system is required to provide assistance to firms in terms of identifiying new markets, appropriate technology, smooth flow of institutional credit, smooth dealing with the regulatory system and in any other such matters that enterprises need support.
This article explore some of the details of such an institution, their role & functions, management and finance.
Rural Business Incubators (RBIs) and Enterprise Resource Centres(ERCs)
The incubator concept is simple and appealing. As the phrase itself implies, business incubators are programs intended to help small businesses get off the ground. Business Incubator programs help develop new entrepreneurs and enterprises as well as provide support start-ups business' to survive and be in the business on a sustainable basis. They provide basic services and rental space to start-up enterprises located within the incubator. Services that are being provided include business 'support services and typically include administrative help, consulting, referral and resources tailored to young firms for their growth and development.
1 Comments >>
kota purushotham
04 Mar 2011 (00:15:32)
veru nice , i want to associate with the editorial team
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