Credit Guarantee Scheme for Mudra Loans- Credit Guarantee Fund for Micro Units (CGFMU) Introduction to Credit Guarantee Scheme for Mudra Loans: Availing credit facilities for establishing new units under MSME will be difficult. Bankers may find it difficult to sanction new loans to new units as the unit’s ability to repay the loan may be… Read More »
Credit Guarantee Scheme – Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Introduction to Credit Guarantee Scheme: It would be very difficult to avail credit without collateral security / third party guarantee. Providing collateral security is a difficult thing for the entrepreneurs, especially for a new enterprise it is near impossible and this… Read More »
Illustrative list of activities and Negative list of activities under PMEGP (Note: for details of PMEGP scheme please go through the article / video on PMEGP ) We append below the illustrative list of activities that can be considered for establishing an enterprise. This list of activities may be useful not only for PMEGP but… Read More »
Prime Minister’s Employment Generation Programme (PMEGP)- II (…continued from Prime Minister’s Employment Generation Programme (PMEGP)- I ) Eligible activities: Normally, manufacturing and services activities are only permitted under PMEGP. However, trading activity is also permitted if the unit is, established in North-East region, LWE-affected districts and Andaman & Nicobar islands. a retail outlet/business selling Khadi… Read More »
Prime Minister’s Employment Generation Programme (PMEGP)- I The Prime Minister’s Employment Generation Programme known as PMEGP is a central government scheme. This was introduced in the year 2008. The main objective of the scheme is to generate employment opportunities through establishment of self-employment enterprises in rural and urban areas. This scheme is administered by the… Read More »
Lending Criteria / Parameters that affect credit decision … The lending policy is broadly defined by the RBI. The policy broadly says about macro issues. ex: exposure to a particular individual / company / Group should not exceed certain percentage of the Bank’s capital. The exposure of the bank should not exceed certain percentage to a… Read More »
Planning for finance What are the modes of finance ? Now, start working on finances. By this time you have a business plan to be executed and started a few steps towards this. Now, you should plan for the next important thing “FINANCE”. In the business plan you have already estimated these. However, before finalising… Read More »
Registration of MSME unit – Udyog Aadhaar Memorandum Introduction: Udyog Aaadhar Memorandum is the online registration process of MSMEs. This was initiated by the ministry of MSME. Micro, Small and Medium Enterprises are the largest employment providers after Agriculture sector. Further, they are growth drivers of the country especially in rural India. As more… Read More »
What are the required approvals for a new unit ? Whenever anyone wishes to form a new unit, they need to obtain some approvals, permissions from various Government Departments. Now in this article we will see some off the licenses / permissions and the issuing authorities. Please note that, this is not an exhaustive list… Read More »
Steps in forming a Business Organisation After identifying which type of business organisation fits to your needs i.e. Proprietorship / Partnership / Private Limited Company / Public Limited Company then, next step is to form the particular organisation. Proprietorship firm: The process of formation of a Proprietorship firm is very easy and simple. All you… Read More »
Which type of Business Organisation should I start ? (Proprietorship / Partnership / Company ?) Which type of business organisation (constitution of the firm ) should I have ? This should be the next question in your mind. There are many types of business organisation to consider. Some of these are: Sole Proprietorship firm Partnership… Read More »
Preparation of Business Plan – Project Report After identifying the product / service in which you want to start a business, then, the next step is to prepare the business plan. This can also be called as Project report. Preparation of the business plan / project report is a very important step in the formation… Read More »
Which Business should I select ? Once you decide to go with own enterprise, next target is to identify, which business to be selected ? This is the most crucial step in making the business model a successful one. You have to be very careful in identifying the business / product /service. Before finalising the… Read More »
Business Opportunities… What are the opportunities? Where are the opportunities? How to Identify the opportunities? First and foremost thing in establishing an enterprise is to identify the business opportunity. This is the crucial step in establishing a successful business. Half of the task is completed, if you identify the right opportunity, feels many successful entrepreneurs.… Read More »
What should be my career ? What should I do ? What is successful career ? Is it getting good job ? Is it getting employed in Central Government / State Govt ? Is it getting employed in a PSB / PSU ? Is it getting employed in a MNC ? Is it getting employed… Read More »