In the present era, ‘facility’ is no longer a general term. Now, it is a specific and much wider in nature. In terms of business, business facilitation is the combination of arrangements that ease the doing of business. The people or the organization which provide such facilities to the businesses are known as ‘Business Facilitators’.
They are also famous with the names of the ‘helpers’. The level of the need of the facilities for business completely depends upon the complexity of the business processes. Hence, more professional businesses require professional helpers.
Government as a Business Facilitator
Government policies are an important aspect of the economy. In this present era, no business can save themselves from the effect of government policies. Hence, there is rarely any segment of business and commerce that is not affected by government policies.
The government as a business facilitator supports the businesses by performing 2 major functions:
(a) Firstly, the government helps businesses by formulating ‘business friendly’ policies. If the policies are in favor of the businesses then it will improve the performance of the businesses as well as the economy as a whole. In 1991, the LPG policy in India helped the businesses to grow at a great speed. More business-friendly policies include tax relief policies for budding businesses, subsidies for special businesses, etc.
(b) Secondly, the government creates an institutional apparatus for the implementation of the policies. There are various government bodies which protect the businesses and help them to grow further. These include RBI, SEBI, BIFR, etc.