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What is EDP
Entrepreneurship Development Programme
How EDP help to an entrepreneur
Role of EDP
the term EDP refers to Entrepreneurship Development Programme (EDP) EDP in entrepreneurship is a
that helps in developing entrepreneurial abilities. The skills that are required to run a
successfully is developed among the people through this programme. Sometimes, people may have
skills but it
requires polishing and incubation. This programme is perfect for them. This programme consists
structured training process to develop an individual as an entrepreneur. It helps the person to
skills and necessary capabilities to play the role of an entrepreneur effectively. As per the
Institute of Small Industry Extension Training, Hyderabad, an EDP is an effort of converting a
an entrepreneur by passing him through thoroughly structured training. An entrepreneur is
respond appropriately to the market and he/she is also required to understand the business
needs. The skills
needed are varied and they need to be taken care of in the best possible way. EDP is not just a
programme but it is a complete process to make the possible transformation of an individual into
entrepreneur. This programme also guides the individuals on how to start the business and
effective ways to
sustain it successfully EDP stands for in entrepreneurship.
entrepreneurship: Objectives of EDP
The objective of this programme is to motivate an individual tochoose entrepreneurship as a
career and to
prepare the person to exploit the market opportunities for their own business successfully.
can be set both in a short-term and long-term basis.
Short-term objectives: These objectives can be achieved immediately. In the
short term, the individuals are
trained to be an entrepreneur and made competent enough to scan existing market situations and
The person, who would be the future entrepreneur, should first set the goal as an entrepreneur.
information related to the existing rules and regulations is essential at this stage.
Long-term objectives: The ultimate objective is that the trained individuals successfully
own business and they should be equipped with all the required skills to run their business
objectives of EDP
The overall of edp are mainly to help in rapid industrialisation by supplying skilled
entrepreneurs. At the
same time, it also industrialises underdeveloped areas. The performance of small and medium
are expected to improve by this and therefore provide a huge scope of employment generation in
sectors. This programme primarily aims at providing self-employment to the young generation.
EDP in entrepreneurship: An Entrepreneurship Development Programme primarily
plays four roles to help an
individual to become an entrepreneur EDP stands for in entrepreneurship. They are:
Stimulatory Role: It aims at influencing people in large numbers to be
entrepreneur. This includes:
developing managerial, technical, financial, and marketing skill
inculcating personality traits
promotes and reforms entrepreneurial behaviour and values
identifying potential entrepreneurs applying scientific methods
motivational training and building proper attitude
strengthening the motive of a person and giving recognition
the valuable know-how of the local products and the processes help in selection of products,
Supportive Role: It helps in the following ways:
registration of the business
procurement of fund
arrangement of land, power, water, shed etc.
support in the purchase of right kind of machinery and equipment
supply of raw materials and common facilities
Providing tax relief, subsidy etc.
guidance in product marketing
support for management consultancy
Sustaining Role: It aims at providing an effective safeguard to businesses to sustain against
market competition. This includes:
help in modernisation, expansion, and diversification
additional financing for further development
deferring interest payment
creating new marketing processes
helping access to improved services and facility centres
Socio-economic Role: It aims at upgrading the socio-economic status of the
public and includes:
identifying entrepreneurial qualities in practicality
creating employment opportunities in micro, small, and medium industries on an immediate basis
arresting concentration of industries by supporting regional development in a balanced manner
focusing on the equal distribution of income and wealth of the nation
channelizing the latent resources for building an enterprise
The Govt. of India has established specialised institutions to boost up the rate of
development in India like NIESBUD in Noida, MSME-DI for small scale industries, NIMSME in
Hyderabad, EDI, NSTEDB, IED and CED in different states EDP stands for in entrepreneurship.
is Entrepreneurship Development Programme (EDP)
Entrepreneurship Development Programme (EDP) is a program that aims
to develop and enhance the
entrepreneurial skills of individuals who want to start their own
businesses. It is designed to provide
aspiring entrepreneurs with the knowledge, skills, and resources
needed to launch and manage a successful
EDP programs typically cover various aspects of entrepreneurship,
such as identifying and evaluating
business opportunities, developing a business plan, marketing,
financial management, and legal aspects of
starting and running a business. Participants in EDP programs may
also receive mentorship, networking
opportunities, and access to funding and other resources that can
help them launch and grow their
EDP programs are offered by various organizations, including
government agencies, universities, and business
incubators. The duration and format of EDP programs can vary,
ranging from a few days to several months, and
may be delivered online or in-person. The goal of EDP programs is to
empower individuals with the knowledge
and skills needed to become successful entrepreneurs and contribute
to the growth of the economy.
Entrepreneurship Development Programme (EDP)
Entrepreneurship Development Programme (EDP) is a program designed
to equip individuals with the necessary
knowledge, skills, and tools to start, manage, and grow a successful
business venture. It is a training
program that is tailored to meet the specific needs of aspiring
entrepreneurs, and it aims to provide them
with the essential resources needed to turn their business ideas
into profitable ventures.
EDP programs cover various aspects of entrepreneurship, such as
identifying business opportunities,
developing a business plan, marketing, financial management, legal
aspects of starting and running a
business, and accessing funding and resources. These programs also
provide participants with access to
mentorship, coaching, and networking opportunities, which can help
them connect with experienced
entrepreneurs and business leaders who can provide guidance and
EDP programs are offered by various organizations, including
government agencies,educational institutions,
business incubators, and accelerators. The programs can range in
duration from a few days to several months,
and they can be delivered in-person or online. The goal of EDP
programs is to promote entrepreneurship,
create jobs, and foster economic growth by empowering individuals
with the knowledge and skills they need to
succeed in business.
How EDP help an individual to become an entrepreneur
Entrepreneurship Development Program (EDP) can help an individual
become an entrepreneur in several ways:
Skill Development: EDP programs provide participants with the
necessary knowledge and skills to start and
run a successful business venture. They cover various aspects of
entrepreneurship, such as identifying
business opportunities, developing a business plan, marketing,
financial management, and legal aspects of
starting and running a business.
Networking Opportunities : EDP programs offer participants the
opportunity to network with other aspiring
entrepreneurs, successful business owners, mentors, and investors.
This networking can help individuals
access valuable resources and connections that can aid them in
starting and growing their businesses.
Mentoring and Coaching: EDP programs provide access to experienced
mentors and coaches who can offer
guidance and support to participants. These mentors and coaches can
help individuals refine their business
ideas, develop strategies to overcome challenges, and make informed
Access to Funding: EDP programs often provide access to funding
opportunities, such as loans, grants, or
investment capital, which can help individuals finance their
Confidence and Motivation: EDP programs can also provide individuals
with the confidence and motivation they
need to pursue their entrepreneurial dreams. The support,
encouragement, and guidance provided through these
programs can help individuals overcome their fears and doubts and
take the necessary steps to launch their
In summary, EDP programs can help aspiring entrepreneurs gain the
knowledge, skills, resources, and support
they need to succeed in business. They can provide individuals with
the confidence, motivation, and
connections they need to turn their business ideas into profitable
Skill development is a process of acquiring new knowledge,
abilities, and competencies that are necessary to
perform a particular task or job effectively. In the context of
entrepreneurship, skill development refers
to the acquisition of knowledge and competencies that are essential
for starting, running, and growing a
successful business venture. Entrepreneurship Development Program
(EDP) is one of the ways to develop the
necessary skills to become a successful entrepreneur.
EDP programs provide a comprehensive understanding of various
aspects of entrepreneurship, including market
analysis, customer identification, product development, marketing,
financial management, risk assessment,
and legal compliance. These programs provide participants with the
necessary knowledge and tools to develop
a successful business plan, identify and evaluate business
opportunities, and make informed decisions.
The skill development in EDP programs is achieved through various
training methods such as lectures,
workshops, case studies, business simulations, and hands-on
experience. The training sessions are delivered
by experienced entrepreneurs, industry experts, and business
leaders, who provide participants with
practical insights and real-world experiences.
The development of skills through EDP programs can help individuals
become better entrepreneurs by improving
their ability to:
Identify business opportunities
Develop and implement effective business strategies
Manage finances and financial resources
Build and maintain customer relationships
Network and collaborate with other entrepreneurs
Manage risks and overcome obstacles
Innovate and adapt to changing business environments
In summary, skill development is a crucial aspect of becoming a
successful entrepreneur, and EDP programs
are designed to provide aspiring entrepreneurs with the necessary
knowledge, skills, and tools to succeed in
the business world.
Networking opportunities are an essential aspect of Entrepreneurship
Development Programs (EDP) as they
provide aspiring entrepreneurs with the chance to connect with other
entrepreneurs, mentors, investors, and
industry experts. These networking opportunities can help
individuals expand their business contacts, gain
new insights and ideas, and access valuable resources that can aid
in their entrepreneurial journey.
EDP programs offer arange of networking opportunities , including:
Peer-to-peer networking: EDP programs provide participants with the
chance to connect with other aspiring
entrepreneurs, which can help thembuild relationships, share ideas,
and gain new perspectives EDP stands for in entrepreneurship.
Mentorship: EDP programs often provide access to experienced mentors
and coaches who can offer guidance,
support, and advice. Mentors can provide valuable insights into the
industry, help individuals navigate
challenges, and offer feedback on business ideas.
Industry experts: EDP programs may feature presentations or
workshops from industry experts who can share
their experiences and provide insights into the latest trends and
practices in the industry EDP stands for in entrepreneurship.
Investors: EDP programs can provide participants with access to
investors who may be interested in funding
their business ventures. Investors may offer financial support,
advice, and connections to other resources.
Networking events: EDP programs often include networking events such
as business mixers, pitch competitions,
and startup showcases, which provide participants with the
opportunity to connect with other entrepreneurs,
investors, and industry experts EDP stands for in entrepreneurship.
Networking opportunities in EDP programs can help individuals:
Access valuable resources and information
Gain new perspectives and ideas
Build relationships with potential partners, investors, and
Develop their business acumen and industry knowledge
Stay up-to-date with the latest industry trends and practices
In summary, networking opportunities are a crucial aspect of EDP
programs as they provide aspiring
entrepreneurs with access to resources, advice, and contacts that
can help them succeed in the business
world EDP stands for in entrepreneurship.
Role of EDP
The Entrepreneurship Development Program (EDP) plays a vital role in
promoting entrepreneurship and
>fostering economic development. The primary role of EDP is to
provide aspiring entrepreneurs with the
necessary knowledge, skills, resources, and support to start and
grow successful businesses. Here are some
of the key roles of EDP:
Identifying and nurturing entrepreneurial talent: EDP programs help
identify and nurture entrepreneurial
talent by providing aspiring entrepreneurs with access to resources,
mentorship, and training that can help
them develop the skills and knowledge necessary to succeed in the
business world EDP stands for in entrepreneurship.
Facilitating business development: EDP programs facilitate business
development by providing participants
with the tools and resources they need to develop and launch
successful business ventures. They help
participants develop business plans, identify market opportunities,
and access funding and other resources EDP stands for in entrepreneurship.
Encouraging innovation: EDP programs encourage innovation by
fostering a culture of entrepreneurship and
creativity. They provide participants with the knowledge and tools
they need to innovate and develop new
products and services that can meet the needs of consumers and
create value in the marketplace EDP stands for in entrepreneurship.
Promoting economic growth: EDP programs promote economic growth by
creating new businesses and jobs,
fostering innovation and entrepreneurship, and contributing to the
development of local economies EDP stands for in entrepreneurship.
Building networks and partnerships: EDP programs help build networks
and partnerships among entrepreneurs,
investors, mentors, and other stakeholders in the entrepreneurial
ecosystem. These networks and partnerships
can lead to collaborations, new business opportunities, and access
to resources that can help entrepreneurs
succeed EDP stands for in entrepreneurship.
In summary, the role of EDP is topromote entrepreneurship,
facilitate business development, encourage
innovation, promote economic growth, and build networks and
partnerships among entrepreneurs. By providing
aspiring entrepreneurs with the tools, resources, and support they
need to succeed in the business world,
EDP programs can play a critical role in fostering economic
development and creating a more vibrant and
prosperous society EDP stands for in entrepreneurship.
MD PhD,(CABMM) and University Hospital Zurich
Mr Ajit is an Expert Biomedical Researcher trained in Biomedical engineering and Clinical Medicine. he had working experience with multidisciplinary international basic and clinical researchers.He had also worked in independent project management in clinical research.His outclass contribution in publications related to his field also counts in for his specialization.
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Mr Tejas is a practicing Career Psychologist. He is a certified Master Trainer of Life Skills from (Khemka Foundation) Delhi and holds more than five year of experience as Career Psychologist and life skill trainer. He has counselled around 50,000+ students over conferences in various part of country .Scholarships and competitive exams are his special areas.
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Mr Dr.Jawahar is a doctorate in Psychology from the University of Washington. He had conducted 1202 seminars across the globe globe on various education and corporate issues with leading media houses and the UNO. He had been awarded Bharat Shiksha Ratna Samman Man of the Year-India by the US State for exemplary service in social education. He is also a author of Bestselling International Parenting Guide "Mama and Me". He is Vice President of the Chattisgarh Chapter of NHRD Network
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Dr. Ranjeet is a M.Sc and P.hd in Forensic Psychology .He is a founder member of forensic private institute SIFS INDIA .He is an expert in Forensic Handwriting analysis, Questioned Document Examination & Finger Print Examination and did his Field Training in the Central Forensic Science Laboratory (C.B.I.), All India Institute of Medical Sciences, New Delhi and National Institute of Criminology and Forensic Sciences (MHA). He is also a guest faculty of Pilani Institute and Delhi University’s Department of Anthropology, with such extensive experience he is passionate to provide counseling to students and professional looking forward to make a career in forensic sciences. He had also written several books on his expert area and had participated on Television's discussion on various forensic cases.
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