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Entrepreneurship

Development Programme
(EDP)
Madhavendra N Jha
TIAS
GGS IP University

EDP
Introduction
In recent years, the entrepreneur and
Entrepreneurship Development Program
(EDP) has become a serious matter of
discussion.
There are several organizations
engaged in conducting EDPs in India.

EDP
Introduction
In recent years, the entrepreneur and
Entrepreneurship Development Program
(EDP) has become a serious matter of
discussion.
There are several organizations
engaged in conducting EDPs in India.

EDP
Introduction
Designed with an aim of encouraging self
employment
Imparts training and motivates potential and
existing entrepreneurs to start new business
or diversify and expand the existing one
Helps employment and wealth creation
among educated unemployed youth
Well equipped to face risks and challenges as
an entrepreneur

EDP
Introduction
Government needs considerable
human and material resource,
importance to detailed planning &
implementation

EDP
Introduction
What is the Entrepreneurship
Development Programme?
The Entrepreneurship Development
Programme is aimed at creating a
conducive environment for young
entrepreneurs to access relevant
entrepreneurship skills, knowledge,
values and attitudes for their businesses.
The programme offers a package of
entrepreneurship trainings that responds
appropriately and adequately to the

EDP
Meaning
Entrepreneurial Development Program
means a program conducted to help a
person in strengthening his
entrepreneurial motive and in acquiring
skill and capabilities required for
promoting and running an enterprise
efficiently.
A program which is conducted with a
motive to promote potential
entrepreneurs, understanding of motives,
motivational pattern, their impact on

EDP
Meaning
There are a number of programs which
give information to the prospective
entrepreneurs regarding a new business
idea, how to set up a new venture, how
to prepare a project report, sources of
finance etc.
These programs should not be confused
with EDP; these are all a part of the EDP.
EDP is primarily concerned with
developing, motivating entrepreneurial
talent and understanding the impact of

EDP
Importance
Entrepreneurs are considered as
agents of economic growth.
They create wealth, generate
employment, provide new goods and
services and raise the standard of living.
EDP is an effective way to develop
entrepreneurs which can help in
accelerating the pace of Socioeconomic
development, balanced regional growth,
and exploitation of locally available

EDP
Importance
It can also create gainful selfemployment. An EDP equips
entrepreneurs and makes them
competent to anticipate and deal with a
variety of problems that any
entrepreneur may have to face.
It gives confidence to the entrepreneur
to face uncertainties and take profitable
risks. It prepares them to deserve and
make good use of various forms of

EDP
Beneficial
The EDP can be beneficial in the
following ways:
Economic Growth:
EDP is a tool of industrialization and
path to economic growth through
entrepreneurship.
Balanced Regional Development:
EDP helps in the dispersal of economic
activities in different regions by
providing training and other support to

EDP
Beneficial
Eliminates Poverty and Unemployment
:
EDPs provide opportunities for selfemployment and entrepreneurial
careers.
Optimum use of Local Resources:
The optimum use of natural, financial
and human resources can be made in a
country by training and educating the
entrepreneurs.

EDP
Beneficial
Successful Launching of New Unit :
EDP develops motivation, competence
and skills necessary for successful
launching, management and growth of
the enterprise.
Empowers New Generation
Entrepreneurs :
EDP, by inculcating entrepreneurial
capabilities
and skill in the trainees, create new

Phases of EDP
Select area from existing government policy
guidelines/socio-economic reports
Techno-economic survey of the selected
area; feasibility study
Identify potential and existing entrepreneurs
interested in starting new
business/expansion/diversification
Training
Follow up and consultancy services

Importance of Training
Ensures availability of skilled manpower at
all management levels
Enhancing abilities, potential among
entrepreneurs
Increase efficiency
Maintain and enhance product quality
Minimise wastages in production process
Minimise accidents on the job
Reduce fatigue and increase speed of work
Standardisation in industry and internal
processes
Entrepreneurship
Management

Methods of Training

Individual instruction
Group instruction
Lecture method
Demonstration method
Written instruction method
Conference
Meetings

EDP
Training Inputs
Once the selection procedure for
Entrepreneurs is over, the selected
persons have to be equipped with
managerial and technical skills to start
their enterprises.
In such entrepreneurship development
programs, there are participants with a
variety of Backgrounds and qualities.

EDP
Training Inputs
Therefore, a package of training inputs
is provided during the Program which is
usually of six weeks duration.
It consists of the following six inputs.

EDP
Training Inputs
General Introduction to
Entrepreneurship:
The participants are exposed to a
General knowledge of entrepreneurship
such as factors affecting small-scale
industries, the role of entrepreneurs in
economic development, entrepreneurial
Behavior and the facilities available for
establishing small-scale enterprises.

EDP
Training Inputs

Achievement Motivation Training


(AMT):
The purpose of the AMT is to develop
the attitude
towards risk-taking, initiative and other
such
Behavioral or psychological traits.
A motivation development program
creates self-awareness and selfconfidence among the participants and

EDP
Training Inputs

Without achievement motivation


training, an EDP becomes an ordinary
executive development program.
Motivation training initiates to strive for
excellence, to take calculated risk, to
use feedback for improvement, sense of
efficiency etc.

EDP
Training Inputs

Support System and Procedures:


The participants have to be exposed to
agencies like the local banks and other
financial institutions, industrial service
corporations and other institutions
dealing with the supply of rawmaterials, equipments etc.
The programs on support system needs
to include the procedures for
approaching them, applying and
obtaining assistance from them and

EDP
Training Inputs

A linkage between the training institute


and support system agencies can be
established with the participation of
these agencies in sponsoring and
financing EDPs.

EDP
Training Inputs
Market Survey and Plant Visit:
In order to familiarize the participants
with real life situations in small
business, plant visits are also arranged.
Such visits help the participants to know
more about an entrepreneurs behavior,
personality, thoughts and aspirations.
Moreover, the participants should be
given opportunity to conduct market
surveys for their respective projects.

EDP
Training Inputs
This would help to expose the
participant to the market avenues
available and could be followed
by sessions on methods of dealing in the
markets.

EDP
Training Inputs
Managerial Skill:
Since a small entrepreneur cannot
employ management experts to manage
his enterprise, he needs to be imparted
basic and essential managerial skills in
the functional areas like finance,
production and marketing knowledge of
managerial skills enables an
entrepreneur to run his enterprise
smoothly and successfully.

EDP
Training Inputs
Project Preparation and Feasibility
Study:
A good period of time needs to be
devoted to the
actual preparation of projects.
The active involvement in this task
would provide them necessary
understanding and also ensure their
personal commitment.
During the course of EDP, various

EDP
Training Inputs
Information and counseling on various
business opportunities is provided
though the team experts and by spot
survey. Necessary experience is
provided in market survey, project
preparation, sources of finance etc.
Undue emphasis on any dimension
should be avoided as it may lead to
distortion in both the process and
content of the program

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