Entrepreneurship Development Programme (EDP) is a programme which helps in developing entrepreneurial abilities. The skills that are required to run a business successfully is developed among the students through this programme. EDPs aim to enhance the skills and knowledge of both aspiring and existing entrepreneurs, covering areas like business planning, financial management, marketing, and operations.
Here are the objectives of entrepreneurship development programme:
1. To Promote First Generation Businessman and Industrialists: We know that the son of a businessman has the tendency to become a businessman, owing to family traditions, as they are hearing and looking the intricacies of business, since birth, the habit of bearing loss is in their blood and the nature for making investments in developed, by way of inheritance.
But for persons of such families where the business does not exist, the environment of business is lacking, who does not know anything about business, then entrepreneurial development programmes provide inspiration to enter into a trade, industry, and business.
2. To Create Awareness about Availability of Resources: Various and special types of resources, like raw material, labor, techniques, and technologies are available in all parts of our own country and in foreign countries. But, due to a lack of proper knowledge about them, these remain underutilized or even utilized.
Hence, entrepreneurial development programmes (EDP) aim at providing information to people about these resources, so that their proper utilization is possible.
3. To Promote Small, Cottage & Local Industries: The aim of the entrepreneurial development programme is to provide inspiration to people for setting up small, local Industries, by utilization of resources available in the nearby areas and areas of their links. Local resources may be channelized into industrial development.
4. To Encourage Self Employment Tendencies: Persons have two sources of livelihood, either by service or their own business, which are known as wage employment and self-employment, respectively.
The entrepreneurial development programmes aim at inducing people for self-employment, in place of service, so that they may become the master of his own business and may be able to provide employment to other persons by establishing the business.
5. To Provide Knowledge about Government Plans and Programmes: The government has introduced various schemes for self-employment. But, they become significant only when people have sufficient knowledge about them.
Hence, entrepreneurial development programmes (EDP) aimed at dissemination of detailed knowledge and information about self-employment, like how to make use of the government schemes, where from and how to obtain the required reliable information, which department will provide information and assistance about finances, techniques, and technologies, etc.