BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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January 1920
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August 1920
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January 1972
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August 1972
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Detailed explanation-1: -National Alliance of Young Entrepreneurs (NAYE) sponsored an Entrepreneurial Development Scheme with Bank of India in August 1972 on a pilot basis.
Detailed explanation-2: -Federation of Indian Micro & Small and Medium Enterprises (FISME), though established in the year 1995, traces its origin to 1967 when the National Alliance of Young Entrepreneurs (NAYE) was established to promote small industries.
Detailed explanation-3: -It was established as National Alliance of Young Entrepreneurs (NAYE) in 1967-when Indian government started monumental initiatives for small industry promotion. India was a different country then, inward looking, interventionist and hugely protectionist. NAYE had a contextual agenda which suited that era.