Entrepreneurs in India are agents of economic growth, who create wealth, generate employment, provide new goods and services and raise the standard of living. Entrepreneurship Development Programme (EDP) is an effective way to develop entrepreneurs in order to help in accelerating the pace of socio-economic development, balanced regional growth and exploitation of resources that are available locally. This paper discusses the overview on self-employment and tries to find out how EDP can increase our economic growth and empower entrepreneurs of new generation. Several government institutions enhance the ability of potentials among entrepreneurs with the help of EDP. This paper also focuses on the status of entrepreneur’s development among 8 states in India and analyzes the present challenges and motivational factors relating to entrepreneurs.