Government assistance to small Industries and Small Business: 

Institutional Support: 

1. National Bank for Agriculture and Rural Development (NABARD): 

NABARD was set up in 1982 to promote integrated rural development. 

Functions of NABARD:

• It provides financial support to small Industries, cottage and village industries and agriculture. 
• It provides counseling and consultancy services. 
• It also organises training and development programme for rural entrepreneurs.

2. The Rural Small Business Development Centre (RSBDC): 

It aims at providing management and technical support to current and prospective micro and small entrepreneurs in rural areas. RSBDC has organized several programmes on rural entrepreneurship, skill upgradation workshops, training programmes, etc. 

3. National small Industries Corporation (NSIC):

 This was set up in 1955 to promote, aid and foster the growth of small scale units in India. 

Functions of NSIC : 

• It supplies imported machines and raw materials to small scale industries on easy hire-purchase schemes. 
• It exports the products of small units.

4. Small Industries Development Bank of India (SIDBI): 

SIDBI was set up in 1980. SIDBI is the main financial Institution for financing and development of small Business in India. 

Functions of SIDBI:

• Helps SSI unit for modernization and technology upgradation by providing loan 
• Meet working capital requirements of SSI.

5. The National Commission for Enterprises in the Un-organised Sector (NCEUS): 

The NCEUS was constituted in September, 2004.

 The objectives of NCEUS: 

• To recommend measures for improving the productivity of small enterprises
• To generate more employment opportunities in rural areas

6. Rural and Women Entrepreneurship Development (RWED):

RWE provides the following services: 

• Creating a business environment that encourages initiatives of rural and women entrepreneurs. 
• Enhancing the human and institutional capacities required to foster entrepreneurial dynamism and enhance productivity. 
• Providing training manuals for women entrepreneurs and training them. 
• Rendering all types of advisory services. 

7. World Association for Small and Medium Enterprises (WASME): 

It is the only International Non-Governmental Organisation of micro, small and medium enterprises based in India, which set up an International Committee for Rural Industrialisation. Its aim is to develop an action plan model for sustained growth of rural enterprises.

There are several schemes to promote the non-farm sector initiated by the Government of India, i.e. IRDP, PMRY, TRYSEM, JRY, Development of Women and Children in Rural Areas (DWCRA) etc.

8. Scheme of Fund for Regeneration of Traditional Industries (SFURTI): 

To make the traditional industries more productive and competitive, the Central Government set up a fund with₹100 crores. 

The main objectives of the scheme are as follows:

• To develop clusters of traditional industries in various parts of the country 
• To make traditional industries competitive, profitable and sustainable 
• To create employment opportunities in traditional industries.

9. The District Industries Centers (DICs): 

DICs were established in May 1978. District Industries Centers is the institution at the district level which provides all the services and support facilities to the entrepreneurs for setting up small and village industries. 

Identification of suitable schemes, preparation of feasibility reports, arranging for credit, machinery and equipment, provision of raw materials and other extension services are the main activities undertaken by these centers.