Entrepreneurship can be developed by training. Towards this end and also to make the Entrepreneurship Development Programmes (EDPs) result-oriented, SIDBI has been supporting suitable agencies to train and guide potential entrepreneurs to set up enterprises.
EDPs aim at training various target groups in entrepreneurial traits so that they obtain adequate information, motivation and guidance in setting up their own enterprises. In order to maintain a homogeneous nature of participating groups, EDPs focus on rural entrepreneurs, women, SC/ST, minority communities etc.
The EDPs are normally of 4 - 6 weeks duration coupled with proper practical training inputs. Training Agencies specialised in conducting EDPs, Non-Governmental Organisations (NGOs) and technical institutes are extended assistance to conduct product/process specific EDPs.
In an effort to attract more professional and result oriented institutions into the EDP fold, the Bank has made the scheme more performance oriented by extending reasonable support towards training cost and encouraging the institutions to earn performance fee against grounding of units.