NSIC

Entrepreneurship Orientation Programme

National Small Industries Corporation Ltd.

(A Government of India Enterprise) NSIC Bhawan, Okhla Industrial Estate, New Delhi 110020, India Tel: ++91-11- 26926275, 26927059 Fax: ++91-11-26321423 Website: www.nsic.co.in Email: techit@nsic.co.in

Introduction of NSIC
National Small Industries Corporation Ltd. (NSIC). Is an ISO 9001-2008 certified Government of India Enterprise under Ministry of Micro, Small and Medium Enterprises. To manage operations in African countries, NSIC operates from its office in Johannesburg, South Africa.

NSIC has set up Training cum Incubation Centre and with a large
professional manpower, NSIC provides a package of services as per the needs of MSME sector. The schemes comprise of facilitating marketing support, credit support, technology support and other support services.

Schemes of NSIC for Micro, Small & Medium Enterprises

MARKETING SUPPORT Raw Material Distribution Government Stores Purchase Programme Consortia & Tender Marketing Trade Fairs & Exhibitions Buyer-Seller Meets and Marketing Campaigns NSICs B2B Portal for MSMEs-- www.nsicindia.com

Marketing Intelligence Cell

Credit Support
Financing for procurement of Raw Materials & Marketing Activities (Short term) Meeting credit needs of Micro, Small & Medium Enterprises (MSMEs) through tie-up arrangements with Banks

Support Services
Performance & Credit Rating Scheme for Micro & Small Enterprises.

Training-cum-Incubation Centers for Small Enterprise Establishment.

Technology Support Software Technology Parks MSMEs Info-call Centre International Consultancies International SME Development Web Portal

Membership Benefits
Tender & Trade Information. Banner display on NSIC's Website Access to a wide range of technologies from India and abroad. Access to national and international business leads, JV opportunities and trade information.

Comprehensive information on Government policies, rules and

regulations, schemes and incentives. Access to industrial databases and members' directory. Various value added, specialized services for Infomediary Service's members.

Entrepreneurship Orientation Programme (EOP) OBJECTIVE

The Problem of unemployment is becoming a colossal in all of the developing nations. More than this every year about 5 million people become eligible for securing jobs. The remedial measures for reducing unemployment are to lay greater

emphasis on creation of opportunities for self-employment

In order to inculcate a desire to become entrepreneur among the students NSIC has devised a unique Entrepreneurship Orientation Programme

(EOP)
The mission of the programme is to help a young brain in becoming successful entrepreneur.

How To Start A New Business

Identification, evaluation & selection of suitable product or service. One has to consider the demand & supply situation, extent of competition, availability of technology, availability of infrastructure, availability of raw material, availability of skilled manpower, availability of capital, existing regulatory environment & finally the viability of the project.

THEN?

Selection of Name & Constitution of the Enterprise

In our Country the enterprise can be in the form of following:

Proprietorship Partnership

Limited Liability Partnership &

Limited Company (Public/ Private).

Preparation of a Bankable Project Report

The credit decision of any bank depends on viability of the project. A bankable project report consists of following information:Introduction of Enterprise, details of its name & constitution. Introduction of product to be manufactured/ service to be rendered. Supply demand scenario for the product/ service.

Competitors in the proposed location of the enterprise.

Educational Qualification and Experience of the promoters in the line of proposed activity. Availability of technology. Availability of skilled Manpower. Availability of electricity & water.

Availability of infrastructure. Marketing arrangements. Net Worth statement of the promoters stating their assets & liabilities. Schedule of Project Implementation. Cost of Project & Means of finance.

Financial Statements (Balance Sheet & Profit and Loss Statement).

Break Even Point (BEP)

Registration of enterprise with various authorities

All enterprises except proprietorship enterprises have to obtain PAN from Income Tax Authorities. Besides this registration with Sales Tax, Service Tax & Excise department is also to be done. While registering with different authorities, an entrepreneur should have

the ownership document/ rent agreement for the place of business.

An enterprise also requires electricity as well as water connection based on the consumption pattern of the enterprise.

Registration with District Industry Centre (DIC)/ Filing of Entrepreneurship Memorandum with the notified agencies Registration with District Industries Centre is also required for getting various benefits accorded by the government. When the enterprise is under establishment process. Enterprise has to apply for Entrepreneurship Memorandum -1 (EM-1). After starting the production. Enterprise has to apply for Entrepreneurship Memorandum -2 (EM-2) In order to get benefit of various Government Schemes including schemes of NSIC for SMEs.

No Objection Certificates
In case of a manufacturing enterprise a NOC from Pollution Control Board is also required.

In case the proposed unit is not in approved industrial area, permission of

concern civic authorities is also applicable.

Approaching bank for finance

Presently NSIC is having tie-ups with 15 Nationalized/ Private banks. As per the scheme of Credit Guarantee fund Trust for Micro & Small

Enterprise (CGTMSE), credit facilities up-to Rs.100 Lacs are sanctioned by

Banks without insisting on collateral security.

Role & Importance of MSMEs in Indian Economy

Worldwide, the micro, small & Medium enterprises (MSMEs) have been accepted as the engine of economic growth and for promoting equitable development. They are largest employment provider after the farm sector. The MSMEs accounts for 13% in the GDP of nation.

their output constitute about 39 percent share of the value addition in

manufacturing sector & about 33% of total export from India. As per available statistics, this sector employs an estimated 59.7 million persons spread over 26.1 million enterprises and the labour intensity in the MSME sector is estimated to be almost 4 times higher than the large enterprises.

Basa.kireeti@gmail.com