Study Material | Test Series
Drishti IAS
call1800-121-6260 / 011-47532596
Drishti The Vision Foundation
(A unit of VDK Eduventures Pvt. Ltd.)
prelims Test Series 2019
बेसिक इंग्लिश का दूसरा सत्र (कक्षा प्रारंभ : 22 अक्तूबर, शाम 3:30 से 5:30)
Steps for the Development of Knowledge-based Industries
Jan 13, 2015

The Government of India has taken various steps for the development of knowledge based industries in the country. The major steps taken in this direction are:

  • In order to create a conducive eco-system for the venture capital in the MSME sector it is proposed to establish a Rs. 10,000 crore fund to act as a catalyst to attract private capital by way of providing equity, quasi equity, soft loans and other risk capital for start-up companies.

  • To establish technology centre network to promote innovation, entrepreneurship and agro-industry, a fund with a corpus of Rs. 200 crore is proposed.

  • The Department of Science & Technology (DST) has set up National Science & Technology Entrepreneurship Development Board (NSTEDB) which supports Technology Business Incubators (TBIs) where innovation, technology and knowledge based industries are incubated and supported.

  • The Department of Biotechnology (DBT has setup Biotechnology Industry Research Assistance Council (BIRAC), a Public Sector undertaking to foster and nurture innovation, research and entrepreneurship development in the Biotech Sector.

Planning Commission had constituted a Working Group on Micro, Small & Medium Enterprises (MSMEs) Growth for the 12th Five Year Plan (2012-17). The recommendations made by the Working Group were duly considered in formulating the strategy for Promoting MSMEs in the 12th Five Year Plan that has been approved by the National Development Council (NDC).


Helpline Number : 87501 87501
To Subscribe Newsletter and Get Updates.