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Role of Training in Entrepreneurship Development – An Insight | Original Article

Dr. Neeraj Manchanda in Shodhaytan (RNTUJ-STN) | Multidisciplinary Academic Research


Training and Entrepreneurship development are intricately related with each other. If we want to develop more and more entrepreneurs than we will have to provide opportunities for effective and worth while training. No doubt Entrepreneurship requires some inbuilt and inherent skills but the importance of training and development can't be underscored at any cost. Entrepreneurship development and training is one of the key elements for development of micro, small and medium enterprises (MSMEs), particularly, the first generation entrepreneurs. The National Institute of Small Industry Extension Training (NISIET), Hyderabad The Indian Institute of Entrepreneurship (IIE), Guwahati, and the National Institute of Entrepreneurship and

                Small Business Development (NIESBUD), NOIDA have been set up as national - level institutions for promotion of MSMEs through training and entrepreneurship development. To promote and assist entrepreneurship development in the country, the Ministry has also been implementing (in addition to the schemes of SIDO) two important schemes, namely, promotion of entrepreneurship development institutions (EDI) and scheme of National Entrepreneurship Development Board (NEDB).

The main objectives of these programmes are

  1. promoting entrepreneurship for creating self-employment through enterprise creation;
  2. Facilitating creation of training infrastructure; and
  3. Supporting research of entrepreneurship related issues.