Entrepreneurship Development Programme And Venture Creation: The Issue Of Effectiveness

Abstract

The present paper aims to examine the effectiveness of Entrepreneurship Development Programme (EDP) offered by the Institute of Co-operative Management (ICM) on the venture creation aspect of the trainees of this institute. The researchers collected data from 404 respondents trained by ICM using a structured schedule through face-to-face interview and telephone calling. Data was analyzed using SPSS software. The findings reveal that the EDP training influences its trainees to become the first-generation entrepreneurs in their families. A significant 68.56% established their ventures post-EDP training. Additionally, the study highlights the marked changes in both occupation and income levels of EDP participants. According to the findings of the study, there is a need to check the efficacy of the system of loan sanction as it affects the process of venture creation. In conclusion, these findings underscore the value of EDPs as a catalyst for regional economic development.