B Com Exam > B Com Notes > Entrepreneurship & Small Businesses > SISIs & TCOs - Entrepreneurial Development Policies and Programmes,Entrepreneurship & Small Business
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Technical Consultancy Organisation (TCOs)
It was established in different parts of the country to provide consultancy services to small and medium enterprise at reasonable costs. The TCO was established in Kerala( KITCO) in June 1972.Functions and activities of TCOs include:
(a) Industrial potential surveys.
(b) Preparation of profits and feasibility studies.
(c) Evaluation of project.
(d) Conduct of EDPs.
(e) Assisting in the modernization, technical upgradation and rehabilitation programmes etc.
(f) Undertaking market research and surveys for specific products. (h) Offering merchant banking services.
Small Industries Service Institutes (SISIs)
Small Industries Service Institutes have been established in each state in 1956 as agencies of SIDO. The objective is to develop small scale industries. The functions performed may be summarized as follows:
1) It promotes entrepreneurship and development of SSIs in rural and other underdeveloped areas.
2) It supplies market information in selected cases and undertakes market distribution surveys for industrial enterprises.
3) It conducts various programmes for workers in other organizations as well as in small industry in certain trades.
4) It assesses the capacities of small units for imported/controlled materials.
5) It provides technical guidance on the efficient use of wastages and scraps.
6) It prepares designs and drawing for production equipment and accessories.
7) It ensures that small industry development in India is being done in right lines.
8) It provides workshop common facilities to industrialists at reasonable charges.
9) It conducts detailed plant studies to locate production and other problems. It initiates and co -ordinates modernization of selected industries.
10) The institute assists in rehabilitation of sick units.
11) It helps to develop ancillary industries. It registers SSI units with NSIC to supply their products to government.
12) The institute conducts modernization studies for technology upgradation.
13) It undertakes quality control, energy conservation and pollution control, specialized training programmes on export marketing.
14) The institutes also conduct surveys and studies for identification of industries having scope of promotion and development.
15) It advises the Govt. of India and state government on policy matters relating to small industry development.
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FAQs on SISIs & TCOs - Entrepreneurial Development Policies and Programmes,Entrepreneurship & Small Business - Entrepreneurship & Small Businesses - B Com
| 1. What are SISIs and TCOs in the context of entrepreneurial development policies and programmes? |  |
Ans. SISIs stands for Small Industrial Service Institutes and TCOs stands for Technology Centres and Organizations. These are entities that are involved in providing support and services to entrepreneurs and small businesses. SISIs focus on providing training, consultancy, and other support services to small industrial units, while TCOs specialize in providing technological support and assistance to entrepreneurs and small businesses.
| 2. What are some examples of entrepreneurial development policies and programmes? | |
Ans. Some examples of entrepreneurial development policies and programmes include government initiatives such as start-up incubators, funding schemes, skill development programs, and tax incentives for entrepreneurs. These policies and programmes are designed to support the growth and development of entrepreneurial ventures and small businesses.
| 3. How do entrepreneurial development policies and programmes contribute to economic growth? | |
Ans. Entrepreneurial development policies and programmes contribute to economic growth by promoting the establishment of new businesses, fostering innovation, creating employment opportunities, and boosting productivity. By providing support and resources to entrepreneurs, these policies and programmes help stimulate economic activity and drive overall economic growth.
| 4. What are the benefits of entrepreneurship and small business development? | |
Ans. Entrepreneurship and small business development bring several benefits, including job creation, innovation, economic diversification, and increased competition. Small businesses also play a crucial role in driving local economies and fostering community development. Additionally, entrepreneurship provides individuals with opportunities for self-employment, wealth creation, and personal growth.
| 5. How can entrepreneurs and small businesses access the support provided by SISIs and TCOs? | |
Ans. Entrepreneurs and small businesses can access the support provided by SISIs and TCOs by reaching out to these organizations directly. They can inquire about the available services, training programs, consultancy, and technological support offered by SISIs and TCOs. Additionally, entrepreneurs can also participate in government-sponsored programs and initiatives that collaborate with these entities to provide support to start-ups and small businesses.
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