Government Aims to Push Entrepreneurship in MSME Sector

The Union Micro, Small and Medium Enterprises Sector (MSME) Ministry will soon launch Enterprise Development Centres (EDCs) for developing a cadre of indigenous entrepreneurs in the MSMEs.

Enterprise Development Centres

  • They will be aimed at developing a cadre of indigenous entrepreneurs in the MSMEs. The EDCs will be similar to incubators for start-ups.
  • Planned for every district, the government is targeting the launch of 20 EDCs out of a planned 500 by the end of 2019-20.
  • The centres will be broad-based and shall be run by special purpose vehicles in partnership with the private sector, business managementorganizations and local industry associations.

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