Question

Explain the main objectives of Entrepreneurship Development Programmes (EDP).

Answer 1

The following are the main objectives of EDP:

1. Foster entrepreneurial growth: The major goal is to support and accelerate overall entrepreneurial growth through training and education to enhance the capability, talent, and skills of existing and aspiring entrepreneurs. It also aids in the acceleration of socioeconomic development and the utilization of locally accessible resources.
2. Optimum use of available resources: Another essential goal is to maximize the use of existing resources, which will result in less waste and a lower overall cost of manufacturing. It also conserves vital resources for future generations.
3. Development of backward regions and improve economic status of socially disadvantaged groups: Its major goal is to build various types of industries and business companies in the country's backward regions. This will result in more job opportunities as well as higher income and savings for people in underdeveloped areas. EDP helps to improve the economic position of socially disadvantaged populations by providing employment and other advantages.
4. Generation of employment opportunities: One of the main goals of EDP is to create job possibilities for the country's unemployed people by building industries and enterprises for them. It tries to inspire potential entrepreneurs to pursue self-employment.
5. Widening base for small and medium scale industries: The EDP strives to build, expand, and broaden the basis for small and medium-sized businesses by strengthening them. It contributes to making the country a job generator rather than a job seeker.