IJPSS Volume 2, Issue 6 ISSN: 2249-5894
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A Monthly Double-Blind Peer Reviewed Refereed Open Access International e-Journal - Included in the International Serial Directories
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International Journal of Physical and Social Sciences
http://www.ijmra.us
139
June
2012
Entrepreneurship Development Practices: A
Case study of Himachal Pradesh
Ram Singh*
Dr. O.P. Verma**
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ABSTRACT
Historically whatever development has been initiated and sustained, the crucial agent of change have been
the entrepreneur. They were who innovate and create new product or process and find new markets. The
importance of entrepreneurship has now been widely accepted by policymakers and scholars. This is
because of growing emphasis on the role of medium and small scale enterprises in view of their
contribution to employment generation, regional development and economic growth. In any sphere of
activity the need for training has been recognized as a necessity to achieve meaningful and reasonably
good results .The objective of any entrepreneurial training institute is to develop potential entrepreneurs,
enabling them to establish and manage enterprise successfully.
Experience shows that the entrepreneurs do not respond spontaneously to available business opportunities
despite various incentives and inducements .In order to gear up entrepreneurship among entrepreneurs we
need sound & strong training institutions which identify, motivate and strengthen the new class of
entrepreneurs. One of the major objectives of the present study is to find out the practices of
entrepreneurship development followed in the Himachal Pradesh and their contribution towards the
development of SSI units. To start with the institution which are sponsoring EDPs has been identified and
information regarding their performance has been obtained. Thereafter the institutions which are
conducting EDPs have been approached and needed data for determining the present practices of
entrepreneurship development have been collected with the help of questionnaires .
Keywords: - Entrepreneurship development programme, working capital, Technical knowledge,
feasibility, product selection
* Associate Professor, Chanakya Institute of Management, Kharar (Mohali).
** Associate Professor, Himachal Pradesh University, Shimla.