Enterprise Related FAQ

A micro or small enterprise can easily be set up for self-employment. You can choose any one of the enterprises depending upon your interest and suitability not only to become self-employed but also to generate employment opportunities for others.

You may contact State or National level institutions, who are providing training for Self-employment or Entrepreneurship.

These organisations are established by state government or central government. The institutions are :

A. National Level:

  • National Institute of Entrepreneurship & Small Business Development (NIESBUD), Noida (U.P.).
  • Indian Institute of Entrepreneurship, Guwahati (Assam)
  • Entrepreneurship Development Institute of India, Ahmedabad (Gujarat)
  • National Institute of Micro Small & Medium Enterprises (Ni_MSME), Hyderabad (A.P.)

B. State Level:

  • Institute of Entrepreneurship Development U.P. (IEDUP), Lucknow
  • MSME-DI Located at Kanpur, Varanasi, Agra, Moradabad, Varanasi and Allahabad etc.

Enterprises are classified broadly into (i) Enterprise engaged in the goods pertaining to any industry; (ii) Enterprise engaged in providing / rendering services.

Manufacturing enterprise have been defined in terms of investment in Plant and Machinery (excluding Land &Building). For details please refer the website: www.msme.gov.in

For selecting an activity/project or enterprise you will have to consider the following issues-
  • Where do you want to promote the enterprise?
  • What resources are available near the location of the enterprise?
  • What kind of market or consumer exists near the site of enterprise?
  • What infrastructure is available at the location of your enterprise?
  • How much capital is available?
IEDUP / EDI / NIESBUD / MSME-DI can assist you in identifying the activity based on the industry potential.
A market survey of product or service needs to be undertaken to analyse the component required for setting up the enterprise.
The following six major inputs required (i) Man (ii) Machine (iii) Market (iv) Money (v) Manpower (vi) Methodology.
Yes. There are many projects, which are suitable for non-technical and in-experienced persons.
There are many financial Institutions are available, who give the financial support i.e. Commercial Banks, KVIC, NABARD, NSIC, SIDBI, & Regional Rural Banks.
The major eligibility criteria are Return on Investment and Profitability of the project proposed to be set-up.
An entrepreneur may approach the concerned financial institutions viz. Nationalised Commercial Banks, NSIC, KVIC, NABARD etc. submitting application on prescribed format with project report, proof of ownership, proof of residence, collateral securities (wherever applicable) etc.
The general conditions for getting assistance are-

(i) eligibility criteria (ii) Technical / economic viability (iii) Promoters' contribution (iv) Capacity to repay of loan (v) Collateral Security / guarantee.

Yes. loan is also offered under PMEGP Scheme through DIC / KVIB / KVIC.
The project report is a document, which gives an account of the project proposal to ascertain the prospects of the proposed plan. The project report contains detailed information about -
  • Land & Building Required
  • Manufacturing Capacity
  • Manufacturing Process
  • Machinery & Equipment along with their Price & Specifications.
  • Raw Material Required
  • Manpower needed
  • Marketing
  • Cost of the Project & Production
  • Financial Ratio & Viability of the project.
Yes, Model Project Profile are available with DIC / IEDUP / MSME-DI. However, these project profiles have to be recast in accordance with specific needs of the entrepreneur and the current policies.
Basic training on Entrepreneurship Development & Enterprise Creation will be necessary for shaping your entrepreneurial skills.
The duration of Entrepreneurship DevelopmentProgramme (EDP) ranges from 02 weeks to 08 weeks.
There are a number of Institutions (Govt. and Non-Govt.) who conduct EDPs and ESPs. These are IEDUP, Lucknow, EDI-I, Ahmedabad, NIESBUD, Noida, NIMSME_DI & NGOs.
Skill development or Upgradation courses offered by MSME-DIs, IEDUP, NSIC, PPDC and various skill provider agencies registered with U.P. Skill Development Mission.
This is a time of globalisation and liberalization. The manufacturers have to offer goods and services of desired quality at optimum cost. Select the right market / consumer identified at the time of planning the unit.
There are government and non-government specialized agencies who provides marketing assistance to MSME sector entrepreneurs.
Yes, there is agency who provide financial support to SC & STs unemployed youth. The candidate can contact U.P. Scheduled Caste Finance Development Corporation of their concerned district.
Yes, National Minority Development Finance Corporation (NMDFC), New Delhi and State Minority Finance Development Corporation provide assistance to minority community for self-employment.
Yes, State Backward Caste Finance Development Corporation provides assistance to Backward Caste Youth.
Yes, National Handicapped Finance Development Corporation provides financial assistance to physically challenged youth to establish their enterprises.