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EDP in entrepreneurship
the term EDP refers to
the term EDP refers to Entrepreneurship Development Programme (EDP) EDP in entrepreneurship is a programme that helps in developing entrepreneurial abilities. The skills that are required to run a business 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 of a structured training process to develop an individual as an entrepreneur. It helps the person to acquire skills and necessary capabilities to play the role of an entrepreneur effectively. As per the National Institute of Small Industry Extension Training, Hyderabad, an EDP is an effort of converting a person into an entrepreneur by passing him through thoroughly structured training. An entrepreneur is required to 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 training programme but it is a complete process to make the possible transformation of an individual into an entrepreneur. This programme also guides the individuals on how to start the business and effective ways to sustain it successfully.
EDP in entrepreneurship: Objectives of EDP
The objective of this programme is to motivate an individual to choose entrepreneurship as a career and to prepare the person to exploit the market opportunities for their own business successfully. These objectives can be set both in a short-term and long-term basis.
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 scale industries are expected to improve by this and therefore provide a huge scope of employment generation in these 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. They are:
The Govt. of India has established specialised institutions to boost up the rate of entrepreneurial development in India like NIESBUD in Noida, MSME-DI for small scale industries, NIMSME in Yousufguda, Hyderabad, EDI, NSTEDB, IED and CED in different states.
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