19 October 2017

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National Institute for Entrepreneurship and Small Business Development

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The National Institute for Entrepreneurship and Small Business Development (NIESBUD) was established as an apex body for coordinating and overseeing the activities of various institutions/agencies engaged in Entrepreneurship Development particularly in the area of small industry and small business. NIESBUD was set up in 1983 by the then Ministry of Industry [now Ministry of Micro, Small & Medium Enterprises (MSMEs)], Government of India. The Institute which is registered as a Society under Societies Registration Act, 1860 (XXI of 1860), started functioning from 6th July, 1983.

The policy, direction and guidance to the Institute is provided by its Governing Council whose Chairman is the Minister of MSME. The Executive Committee consisting of Secretary (Micro, Small & Medium Enterprises) as its Chairman and Director General of the Institute as its Member-Secretary, executes the policies and decisions of the Governing Council through its whole-time Director General.

Objectives:

  • To evolve standardised materials and processes for selection, training, support and sustenance of entrepreneurs, potential and existing.
  • To help/support and affiliate institutions/organisations in carrying out training and other entrepreneurship development related activities.
  • To serve as an apex national level resource institute for accelerating the process of entrepreneurship development ensuring its impact across the country and among all strata of the society.
  • To provide vital information and support to trainers, promoters and entrepreneurs by organising research and documentation relevant to entrepreneurship development
  • To train trainers, promoters and consultants in various areas of entrepreneurship development. To provide national/international forums for interaction and exchange of experiences helpful for policy formulation and modification at various levels.
  • To offer consultancy nationally/internationally for promotion of entrepreneurship and small business development. To share internationally experience and expertise in entrepreneurship development.
  • To share experience and expertise in entrepreneurship development across National frontiers.
 

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