FROM SAVINGS TO ENTERPRISE PRODUCTION

Laxmi is a member of Sri Matta Swa-Sahahaya Sangha (self help group) Organized by Sujala Jalanayana Project. There are 20 members and they save Rs. 20/- per week. She has taken loan from SHG’s internal lending for her repayment was a problem as the wage she earned was very meager. If she asked her husband, he was not having the money and used to quarrel. Once or twice the delay was excused but not always as they have to lend money to others. 

Laxmi used to be sad and thought something has to be done to repay the amount, then she came to know about “Sujala Project” thought which productive activity can be under taken. This information made her happy and she planned to start something on her own, which will fetch regular income and she repay her loan in time. She need not depend on any body for help. She will be respected in society. Children will get good education and so many other benefits. Then she planned for a self employment.

 

 

WAYS AND MEANS FOR ENTERPRISE DEVELOPMENT

INCOME GENERATION ACTIVITY

In Order to improve the existing income they have to engage with additional income generation activity / work

Example:

• Wage laborers can rear pigs, poultry, cattle, rabbit rearing etc., for additional income.
• Day to day needs like phenol, soap oil, soaps and detergents etc.,
• Preparation of condiment items like papad, pickle, fryums, masala powder etc.,

 

These are some income generating activities.

SELF EMPLOYMENT

This is an independent employment started and run throughout to earn income like training, petty shop, masonry, carpentry, cobbler, sales of dresses , vessels, plastic items etc.,

 

 

 

 

 

 

SMALL ENTERPRISE

The Enterprise done in smaller way can be categorized into following:

Service Sector:  Using the skills depending on the demands of the people. Giving service to them like:

• Tailoring ( teaching as well stitching)
• Computer cyber café (Training and Internet Center)
• Garage, Repairs and Vehicle
• T.V Radio, Watch Repairs
• STD / ISD  Booths
• Reuting chairs, Vessels, shamiyana
• Driving Autorikshaws

 

 

 

PRODUCTIVE SECTORS

This is using raw material producing ready to use material for fulltime

Example:

 

• Production of candles, sandal or fragrance sticks
• Vermi Composting
• Basket Weaving
• Ready made Garments etc.,

 

 

 

 

PROCESSING SECTOR

Full time employment of food processing and packing

Example:

• Masala powder, Chilli powder , Sambar powder, Chatni powder etc.,
• Ragi flour, wheat powder, Rice flour
• Bath powder

BUSINESS

Any type of full time business

Example
	Flower vending
	Fruit selling
	Petty shop
	Leather / Slipper goods
	Stationary items
	Hotel
	Tea stall etc.,

GROUP ENTERPRISE

This is where group involve together to form an enterprise. Here all the members are owners as well as workers

In an individual owned enterprise, investment, responsibility and profit or loss is always the responsibility of the individual. But in a group owned enterprise all members share the responsibilities equally.

RESPONSIBILITY Equal share of work Equal Amount invested Equal responsibility
OPPORTUNITY All Members skill will be utilized More production In case of loss equal share of loss reduces the burden This will strengthen and develop Co-ordination among group members.

 

WHAT DO I NEED TO BECOME A GOOD ENTREPRENEUR

• I must be interested in the enterprise I choose
• I must know my skills, strengths and weakness
• Try to develop my already existing skills
• To grab the opportunities that are available to build the enterprise
• Develop self confidence
• Have vision and aim to achieve
• Develop the capacity to fight out hurdles
• Should attract the customers through proper communication
• Qualitative production
• Skill to gather information regarding enterprise
• Plan of action and putting it into force
• Developing linkages with banks, Departments and other systems
• Awareness of time
• Accounts Maintenance
• Innovative research and implementation
• Risk Undertaken

 

Low Level investment

 

• Low risk
• Low profit
• Low level loss

But income earned is also low

 

 

Medium level investment

• Medium Risk
• Medium Profit

Satisfactory income

 

 

 

High Investment

 

• High Risk
• High Profit
• Tension of Loss Occurrence

So one has to see the capacity before starting the enterprise