Whom to Approach for What
NIOS · Class 10 · Entrepreneurship
Quick revision notes for Whom to Approach for What — NIOS Class 10 Entrepreneurship. Key concepts, formulas, and definitions for last-minute revision.
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Key Topics to Revise
Role of Government Organisations in Entrepreneurship
- Government organisations support entrepreneurs with training, infrastructure, technology, finance, machinery, raw material support, and business-friendly policies.
- India is classified as an easy place to do business in the Global Ease of Doing Business Index due to business-friendly policies and support.
- Entrepreneurs often need guidance in selecting a business, understanding procedures, rules, schemes, and support systems.
District Industries Centres and MSME Development Institutes
- District Industries Centres were started as per the Industrial Policy 1977 with central government support, by state governments, in every district.
- A DIC is headed by a General Manager and supported by Industry Promotion Officers.
- DICs work under the Directorate of Industries of the respective state government.
Khadi and Village Industries Commission and NSIC
- The term Khadi goes back to the Swadeshi Movement launched by Mahatma Gandhi in 1920.
- Khadi is a hand-made cloth using the charkha or indigenous spinning wheel.
- KVIC is a body under the Ministry of MSME, Government of India.
NABARD, SIDBI, and State Financial Corporations
- NABARD is an agricultural and rural development bank owned by the Government of India.
- NABARD head office is at Mumbai and it mostly finances through banks.
- NABARD regulates and supervises all cooperative banks and Regional Rural Banks in the country.
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