Exercises · Q5
Q.Explain the role of the District Industries Centre (DIC) as a coordinating hub within the wider institutional-support ecosystem for a new small entrepreneur.
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Start your 14-day free trial to unlock the full solution →The District Industries Centre (DIC), introduced earlier as the single-window agency for a new small entrepreneur's registration and guidance, plays a wider role once seen within the full institutional-support ecosystem studied in this chapter. Rather than being the sole source of help, the DIC functions as a coordinating hub that connects a new small entrepreneur to every other category of institution covered in this chapter:
- It helps the entrepreneur approach the right financial institution (Section 3) — assisting with project reports and loan applications for either working capital or term finance.
- It informs the entrepreneur of the trade associations and chambers (Section 2) relevant to their specific trade, so they can access collective representation and information sharing.
- It informs the entrepreneur of upcoming trade fairs, exhibitions, and marketing assistance schemes (Section 5) that they may be eligible to participate in. …
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