Performance Evaluation of Entrepreneurship Development Schemes of National Handicapped and Finance Development Corporation

Abstract

The growth and development of all economies greatly depend on entrepreneurial activity. Entrepreneurs are the nerves of economic development as they provide a source of income and employment. They create an atmosphere of employment generation for others and produce new and innovative product and services. Entrepreneurial supportive environments are essential for entrepreneurship development and are evolving all around the developing economies. An idea of entrepreneurial environment has five metrics, such as easy access to funding, entrepreneurial culture, entrepreneurial supportive regulatory measures, entrepreneurial supportive mechanism and entrepreneur friendly policies. The public and private sector have an equal role to play in the development of entrepreneurial eco-system. There are four factors necessary for entrepreneurial opportunities such as factor-driven entrepreneurship, efficiency-driven entrepreneurship, innovation-driven entrepreneurship, and necessity-driven entrepreneurship. Entrepreneurship has been considered as the backbone of economic growth. The level of economic activities of a country largely depends on the level of entrepreneurial activities in that country. Entrepreneurs are not born but can be created and nurtured through appropriate interventions in the form of entrepreneurship development programmes. In the modern competitive world a number of opportunities emerged from the evolving Information Technology Revolution. A large part of the population in India generally the marginalised society of differently abled people lags behind in taking advantage of the emerging world of entrepreneurship development. Therefore, there is a need to provide skill development through entrepreneurship development programmes to such people in order to bring them to the mainstream of economic development.