Chapter 7
Supporting agencies and
institutional support
By
Vinay Kumar
Learning objectives
Describe different schemes offered by different
agencies for encouraging entrepreneurs
Describe the role of TECSOK
Explain the role and support provided by KIADB
Describe KSSIDC and its support services
Learning objectives
Explain marketing assistance provided by KSIMC
Describe role of DIC single window agency
Explain various services of KSFC
Explain SISI and its services
Describe schemes of NSIC
Understand the activities of SIDBI
Technical consultancy services
organization of Karnataka(TECSOK)
TECSOK is a multidisciplinary management
consultancy organization promoted by the
government of Karnataka to provide reliable
consultancy services in India
TECSOK has been excelling its expertise in a wide
range of services.
The package of services includes feasibility
studies, market research, valuation of assets,
environment impact studies, energy management
and audit, management studies like corporate
plan, reorganization and restructuring of
enterprises, man power planning, budgetary
control systems etc.
TECSOK services
Location specific identification of investment
opportunities
Assistance in obtaining statutory and procedural
clearances
Feasibility studies and environment impact
studies
Preparation of detailed project reports as per
investment norms and financial norms
Market survey and research
TECSOK services
Project implementation and turn key assistance
Reorganization and restructuring of enterprises
Valuation of assets, man power planning &
budgetary control system
Energy management & audit, corporate plan,
technology transfer
TECSOK services
Diagnostic studies and rehabilitation of sick
industries
Designing and organizing training programmes
Since its inception, TECSOK has catalyzed a large
number of industries throughout the province
Management studies, company formation,
corporate plan, enterprise restructuring
Port tariff study and related areas
Consultancy for agro-base industries as a Nodal
agency of Government of India
Consultancy for merger/takeovers
Infrastructure development project reports
Karnataka Industrial Areas Development
Board (KIADB)
Karnataka industrial areas development board
(KIADB) is a wholly owned infrastructure agency
of Government of Karnataka, set up under
Karnataka Industrial areas development act of
1966.
Aims and objectives of KIADB
Promote rapid and orderly development of
industries in the state
Assist in implementation of policies of government
within the purview of KIAD Act.
Facilitate for establishing infrastructure projects
Function on corporate lines, with No profit No
loss policy.
Functions of KIADB
Acquire land and form industrial areas
Provide all infrastructures to such industrial areas
Acquire land for single unit complexes
Acquire land for government agencies for their
schemes and infrastructure projects
Karnataka Small Scale Industries
Development Corporation- KSSIDC
KSSIDC ( then Mysore small industries corporation)
is rendering services to the small sector in the
state for more than 40 years
Establishment and management of industrial
estates
Procurement and distribution of raw materials
Assistance towards marketing
Supply of machinery under Hire purchase scheme
Providing guidance to SSI entrepreneurs
Providing technical library facilities
KSIMC(Karnataka State Industrial
Marketing Corporation )
Objective of creating market to SSI product
Catering the needs of SSI units to market
their products
Improve quality of the products;
Improve the production-manufacturing
processes;
Reduce prices
Augment exports
Karnataka state finance
corporation
KSFC is one of the fast track term lending
financial institutions in the country, with
assistance to more than 1,59,225 units
amounting to nearly 8,537 crore rupees over the
last 49 years in the state of Karnataka
It is one of the robust and professionally managed
state financial corporations
Services of MSME
Advising the Government in policy
formulation for the promotion and
development of MSMEs
Providing techno-economic and managerial
consultancy, common facilities and extension
services to MSMEs
Providing facilities for technology up
gradation, modernization, quality
improvement and infrastructure
Services of MSME
Developing Human resources through training and
skill up gradation
Providing economic information services
Maintaining a close liaison with the central
ministries, planning commission, state governments,
financial institutions and other organizations
concerned with development of MSMEs
Evolving and coordinating policies and programmes
for development of MSMEs as ancillaries to large
industries
Small Industries Development Bank of
India ( SIDBI)
Small industries development bank of India
( SIDBI) was established in April 1990 under
an act of Indian parliament as the principal
financial institution for:
Promotion
Financing
Development of industry in the small scale sector
Coordinating the functions of other institutions
engaged in similar activities
SIDBIs financial assistance
Indirect assistance to primary lending
institutions (PLIs);
Direct assistance to small units and
Development and support services