Short Answer Questions · Q9
Q.Explain the role of the District Industries Centre (DIC) in promoting MSMEs.
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Start your 14-day free trial to unlock the full solution →The District Industries Centre (DIC) scheme was set up to bring together, at a single point in every district, all the services a small entrepreneur needs to start and run a business, rather than requiring them to approach several separate departments. Every district — including each district of Andhra Pradesh — has its own DIC.
The main functions of a DIC include:
- Guiding entrepreneurs on registration formalities and completing Udyam Registration.
- Helping prepare project reports and feasibility studies for proposed units.
- Assisting with allotment of land/sheds in industrial estates.
- Providing raw-material assistance and information on available government schemes.
- Acting as the local liaison between a small entrepreneur and banks/financial institutions for credit facilitation.
- Organising entrepreneurship-development and skill-training programmes. …
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