Name: SAHIL PAWAR Roll no: 73

Date: 19/04/2023
Experiment Number 09
Aim: Compile the information from the government agencies that will help you set up
your business enterprise.
Theory:
The government agencies that will help setup business enterprise are summarized in the
following table:

Some of the agencies are as explained below:

NATIONAL SMALL INDUSTRIES CORPORATION (NSIC)
The National Small Industries Corporation (NSIC), an enterprise under the union
ministry of industries was set up in 1955 in New Delhi to promote aid and facilitate
the growth of small-scale industries in the country. NSIC offers a package of assistance
for the benefit of small–scale enterprises.
SMALL INDUSTRIES DEVELOPMENT ORGANIZATION (SIDO)
SIDO is created for development of various small scale units in different areas. SIDO
is a subordinate office of department of SSI and ARI. It is a nodal agency for identifying
the needs of SSI units coordinating and monitoring the policies and programmes for
promotion of the small industries. It undertakes various programmes of training,
consultancy, evaluation for needs of SSI and development of industrial estates. All these
functions are taken care with 27 offices, 31 SISI (Small Industries Service Institute)
31 extension centers of SISI and 7 centers related to production and process
development.
SMALL INDUSTRIES SERVICE INSTITUTES (SISI)
The small industries service institutes have been set up in state capitals and other places
all over the country to provide consultancy and training to small entrepreneurs both
existing and prospective.
SMALL SCALE INDUSTRIES BOARD (SSIB)
The government of India constituted a board, namely, Small Scale Industries Board
 Name: SAHIL PAWAR Roll no: 73

(SSIB) in 1954 to advice on development of small scale industries in the country. The
SSIB is also known as central small industries board. The range of development work
in small scale industries involves several departments /ministries and several organs of
the central/state governments. Hence, to facilitate co-ordination and inter-institutional
linkages, the small scale industries board has been constituted. It is an apex advisory
body constituted to render advice to the government on all issues pertaining to the
development of small-scale industries.
The industries minister of the government of India is the chairman of the SSIB.
The SSIB comprises of 50 members including state industry minister, some members
of parliament, and secretaries of various departments of government of India, financial
institutions, public sector undertakings, industry associations and eminent experts in
the field.
STATE SMALL INDUSTRIES DEVELOPMENT CORPORATIONS
(SSIDC)
(Karnataka State Small Industries Development Authority KSSIDC in Karnataka State)
The State Small Industries Development Corporations (SSIDC) were sets up in
various states under the companies’ act 1956, as state government undertakings to cater
to the primary developmental needs of the small tiny and village industries in the state/
union territories under their jurisdiction. Incorporation under the companies act has
provided SSIDCs with greater operational flexibility and wider scope for undertaking
a variety of activities for the benefit of the small sector.
The important functions performed by the SSIDCs include:
● To procure and distribute scarce raw materials.

● To supply machinery on hire purchase system.

● To provide assistance for marketing of the products of small-scale industries.

● To construct industrial estates/sheds, providing allied infrastructure facilities and

their maintenance.
● To extend seed capital assistance on behalf of the state government concerned

provide management assistance to production units.

DISTRICT INDUSTRIES CENTERS (DIC)
The District Industries Centers (DIC’s) programme was started in 1978 with a view
to provide integrated administrative framework at the district level for promotion of
small scale industries in rural areas. The DIC’s are envisaged as a single window
interacting agency at the district level providing service and support to small entrepreneurs
under a single roof. DIC’s are the implementing arm of the central and state
governments of the various schemes and programmes. Registration of small industries
is done at the district industries centre and PMRY (Pradhan Mantri Rojgar Yojana) is
also implemented by DIC. The organizational structure of DICS consists of General
Manager, Functional Managers and Project Managers to provide technical services in
the areas relevant to the needs of the district concerned. Management of DIC is done
by the state government.
TECHNICAL CONSULTANCY SERVICES ORGANIZATION OF
KARNATAKA (TECSOK).
TECSOK is a professional industrial technical and management consultancy organization
promoted by the government of Karnataka and other state level development
institutions way back in 1976. It is a leading investor-friendly professional consultancy
organization in Karnataka. Its various activities are investment advice, procedural
guidance, management consulting, mergers and acquisition, process reengineering
studies, valuation of assets for takeovers, impact assessment of socio-economic schemes,
critical infrastructure balancing; IT related studies, detailed feasibility studies and reports.
TECSOK with its pool of expertise in varied areas can work with new entrepreneur
to identify a product or project. In addition to this TECSOK sharpens the project ideas
through feasibility studies, project reports, market surveys, and sources of finance,
selection of machinery, technology, costing and also providing turnkey assistance. To
 Name: SAHIL PAWAR Roll no: 73

help entrepreneurs to face the global competition TECSOK facilitates global exposures,
updated technology, market strategies, financial restructuring and growth to improve
profitability of an industry.
TECSOK can identify sickness in existing industry and facilitate its turn around.
TECSOK has expertise in rehabilitation of sick industries by availing rehabilitation
packages offered by the government and financial institutions. In addition it offers expert
professional services to various institutions and departments of the state and central
government.
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (SIDBI)
For ensuring larger flow of financial and non-financial assistance to the small scale
sector, the government of India set up the Small Industries Development Bank of India
(SIDBI) under Special Act of Parliament in 1989 as a wholly owned subsidiary of the
IDBI. The SIDBI has taken over the outstanding portfolio of the IDBI relating to the
small scale sector.
KARNATAKA INDUSTRIAL AREAS DEVELOPMENT BOARD
(KIADB)
The Karnataka industrial areas development board is statutory board constituted under
the Karnataka industrial area development act of 1996. Since then it is in the business
of apportioning land for industries and gearing up facilities to carryout operations. The
KIADB now acquires and provides developed land suited for industrialization, by
drawing up well laid-out plots of varying sizes to suit different industries with requisite
infrastructure facilities. The facilities include roads, drainage, water supply etc. The
amenities such as banks, post offices, fire stations, police outposts, ESI dispensaries etc
are also provided. It also plans to initiate the provision of common effluent treatment
plants wherever necessary.
KIADB has acquired a land of 39,297 acres out of which 21,987 acres had been
developed till March 1996. Developed industrial plots had been allotted to 7882 units.
Application forms for the allotment of land may be obtained from the executive
member, KIADB Bangalore or general manager DIC of concerned district or from the
Zonal office of KIADB located at Mysore, Mangalore, Dharwad, Gulbarga, Bidar, Hassan
and Belgaum.
KARNATAKA STATE FINANCIAL CORPORATION (KSFC)
The KSFC was established by the government of Karnataka in 1956 under the state
financial corporation act 1951 for extending financial assistance to set up tiny, small
and medium scale industrial units in Karnataka. Since 1956 it is working as a regional
industrial development bank of Karnataka. KSFC has a branch office in each district;
some districts have more than one branch.
KSFC extends lease financial assistance and hire purchase assistance for acquisition
of machinery/equipment/transport vehicles. KSFC has merchant banking department
which takes up the management of public issues underwriting at shores, project report
preparation, deferred payment guarantee, and syndication of loans, bill discounting and
similar tasks.

Conclusion : Thus we have compiled the information from the government agencies
that will help us setup our business enterprise.