- January 20, 2017
- Posted by: Marvin Garcia
India’s National Small Industries Corporation is keen on the global problem of unemployment especially in developing economies, including India. As such, NSIC has developed a unique “Entrepreneurship Orientation Program” (EOP) to encourage students to become entrepreneurs. The program is specially designed for the students who are still pursuing their studies in schools, colleges and other learning institutions and do not have any idea about entrepreneurship. The purpose of the EOP is to create awareness among students in setting up new enterprises after completion of their studies instead of searching for jobs only. This program makes participants familiar about the role and importance of micro, small and medium enterprises (MSMEs) in the Indian economy, the process of setting up enterprises, preparing project reports, identifying marketing possibilities as well as issues regarding various statutory requirements such as income taxation, VAT and related matters.