Government always has a very vital role in the promotion of entrepreneurship. This is a key objective of Government now since employment opportunities are limited and encouraging entrepreneurs and entrepreneurship not only creates additional employment but also limits the burden of Government. The government agencies promote entrepreneurship through different institutions which have been set up to fulfill this objective.
1. Small Industries Development Organization (SIDO)
This institute was established in the year 1973 and comes under Ministry of Trade, Industry, and Marketing. This is an apex body at the central level and formulates policies which help in the development of Small Scale Industries throughout the country.
2. Management Development Institute (MDI)
This institute was also developed in the year 1973 and is located in Gurugram in the state of Haryana. This institute is sponsored by Industrial Financial Corporation of India and works for the improvement of the effectiveness of managers throughout the country.
This institute also conducts management development programs throughout the country.
3. National Institute for Small Industries Extension Training
This institute was established in the year 1960 with headquarters at Hyderabad. The main objectives of this institute are to direct and coordinate syllabus for the training of small entrepreneurs and advice on managerial and technical aspects of any given program for promotion of entrepreneurship.