Udyam Registration Certificate Recently Government of India has brought in many important changes in the MSME sector. Now, in this article we will look into the changes in the classification of Micro, Small and Medium Enterprises. The definition for classification of Micro, Small and Medium Enterprises… Read More »
How to apply under Stand-Up India ? To apply under Stand-Up India, one needs to submit application online. A prospective entrepreneur has to submit his application in four stages. These are Registration, choosing support, Completing the application form and finally Selecting the preferred lender / Banker (from whom wishes to avail loan). To complete the… Read More »
What to do if I do not have any security ?… Credit Guarantee Scheme for Mudra Loans- Credit Guarantee Fund for Micro Units (CGFMU) (…updated on 16.08.2020) 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… Read More »
What to do if I do not have any security ? Credit Guarantee Scheme – Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) (…updated on 16.08.2020) 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… Read More »
Illustrative list of activities and Negative list of activities under PMEGP (updated on 16.08.2020) (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… Read More »
Prime Minister’s Employment Generation Programme (PMEGP)- II (…continued from Prime Minister’s Employment Generation Programme (PMEGP)- I ) (updated on 16.08.2020) 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… Read More »
Prime Minister’s Employment Generation Programme (PMEGP)- I (updated on 16.08.2020) 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… Read More »
Lending Criteria / Parameters that affect credit decision … (…updated on 16.08.2020) 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… Read More »
Planning for finance What are the modes of finance ? (…updated on 16.08.2020) 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.… 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 (…updated on 16.08.2020) 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… 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 (…updated on 16.08.2020) 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… Read More »
Which Business should I select ? (…updated on 16.08.2020) 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.… Read More »