The NSIC was established in 1995 by the Central Government with the objective of assisting the small industries in the Government purchase programmes. The corporation provides a vast-market for the products of small industries through its marketing network. It also assists the small units in exporting their products in foreign countries.
NSIC provides a wide range of services, predominantly promotional in character, to small-scale industries.
Its main functions are to:
- Provide machinery on hire-purchase scheme to small-scale industries.
- Provide equipment leasing facility.
- Help in export marketing of the products of small-scale industries.
- Participate in bulk purchase programme of the Government.
- Develop prototype of machines and equipments to pass on to small-scale industries for commercial production.
- Distribute basic raw material among small-scale industries through raw material depots.
- Help in development and up-gradation of technology and implementation of modernization programmes of small-scale industries.
- Impart training in various industrial trades.
- Set up small-scale industries in other developing countries on turn-key basis.
- Undertake the construction of industrial estates.
Entrepreneurship Development Institute of India (EDI), an autonomous and not-for-profit institute, set up in 1983, is sponsored by apex financial institutions – the IDBI Bank Ltd., IFCI Ltd., ICICI Bank Ltd. and the State Bank of India (SBI). EDI has helped set up twelve state-level exclusive entrepreneurship development centres and institutes. One of the satisfying achievements, however, was taking entrepreneurship to a large number of schools, colleges, science and technology institutions and management schools in several states by including entrepreneurship inputs in their curricula. In the international arena, efforts to develop entrepreneurship by way of sharing resources and organizing training programmes, have helped EDI earn accolades and support from the World Bank, Commonwealth Secretariat, UNIDO, ILO, British Council, Ford Foundation, European Union, ASEAN Secretariat and several other renowned agencies. EDI has also set up Entrepreneurship Development Centre at Cambodia, Lao PDR, Myanmar and Vietnam and is in the process of setting up such centres at Uzbekistan and five African countries.
EDII has emerged from the Centre for Entrepreneurship Development (CED) of the Gujarat Industrial and Technical Consultancy Organisation. It is a national organisation sponsored by All-India finance institutions and Government of Gujarat, set up in the year 1983.
It is the Principal agency with special responsibility for entrepreneurship development. It has been focusing attention on developing programmes for entrepreneurship development and innovative training techniques for trainees. It has developed an experimental EDP for women keeping in view their special needs. It also conducts research, training and institution building activities for encouraging the participation of backward regions and special target groups in entrepreneurship. EDII has continued to offer its services to Sri Lanka, Nepal, Kenya, Ghana and other African Common wealth nations.
The principal activities of EDII are conducting and organising EDPs for potential entrepreneurs throughout the country, generation and dissemination of new knowledge, conducting seminars and workshops on various themes, extension of motivation programmes for officers, performance improvement programmes for existing entrepreneurs, competent management programmes for unemployed non-technical graduates etc. The various programmes run by EDII is said to be the oldest, largest, most comprehensive, organised and successful EDPs in the country.