Abstract:
Entrepreneurship is an important determinant of the industrial growth of any country. There are many evidences that advanced countries could enjoy the status of 'developed countries' mainly due to the contribution of the industrial sector and its backbone the "entrepreneurs". However, the nature and degree of such contribution vary from society to society, depending upon the industrial climate, material resources and responsiveness of the political systems to the entrepreneurial growth. In India, since independence, particularly after second five year plan, efforts are being made to promote and develop entrepreneurship in every sphere. Various measures have been conceived from time to time to inculcate the spirit of entrepreneurship among people who are likely to turn into manufacturers, or are already manufacturers and to facilitate activation of entrepreneurship through the organisation of support systems such as, capital existence, technical know-how, marketing of goods, management and many other infrastructural facilities. Greater emphasis is still, on the development of entrepreneurship in small manufacturing units in the expectation that it will multiply employment opportunities, minimise inter-sectoral and inter-regional imbalances and lead to a more equitable distribution of income among the people of varied social strata.
