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Entrepreneurship Development & Govt. Schemes

What is Entrepreneurship ?

The process of creating a new enterprise and bearing any of its risks, with the view of making the profit.

The person who creates a new enterprise and embraces every challenge for its development and operation is known as an entrepreneur.

Entrepreneurship is a Marathon not a 100 mtr Sprint

Challenges in Entrepreneurship –

• Risky Venture Most Rewarding
• No Guaranteed Income Highly Profitable
• Require Heavy Resources Generates Employment
• Not Every Ones Forte Innovation , R&D
• Highly Technical Contributes GDP

Steps towards Entrepreneurship

• MSME Thrust Area
• Atmanirbhar Bharat ( Make in India )
• Start ups
• Women Entrepreneurs

Govt. Schemes  Entrepreneurship

• Subsidies & Grants
• Financial Support to budding Entrepreneurs
• Incubation Centers / Tool Room
• Hand Held Support & Technical Assistance
• Market Making for scalability 

PROJECT SUBSIDIES

• Stamp Duty Exemption on Land & Bank Loan

• Capital Subsidy Up -to 80% Re Imbursement of Project Capital Investment

• Interest Subvention

• Power Tariff Concession

• Electricity Duty Exemption

• Sectors attracting Subsidies :

• INDUSTRIES
  • FOOD PROCESSORS
  • COLD STORAGE 
  • AGRICULTURE
  • MILK & DAIRY FARM
  • EXPORTERS
  • ETHANOL / BIO-FUEL
  • I.T.
  • SEZ
  • TOURISM

WOMEN ENTREPRENEUR

• Capital Subsidy Up -to 100% Re Imbursement of Project Capital Investment

• Collateral ( Without Security ) Funding 10 Lakhs to 2 Crores 

• Reduced RoI on Home Loans & MSME Loans

• 50 Lakhs Cash Subsidy from DIC

• 25% Subsidy under CMEGP

• Lowest ROI 8.20%

• Zero Processing Charges, No Hidden Charges , No Professional Fees

• Less Documentation & Faster Processing

• Loan Tenure up-to 30 Years

• Up-to 90% Financing 

• Balance Transfer Facility of Existing Loan Available

• Open Plots , Ready Flats , Under Construction , Resale , Multiple Owners

• Mutiple Financing Options of Public , Private  Banks & NBFC’s

• Project Loan ( New Unit / Greenfield / Expansion )

• Working Capital limit ( CC / OD / WCDL )

• Project Loan ( New Unit / Greenfield / Expansion )

• Working Capital limit ( CC / OD / WCDL )

• Non Fund Based ( LC / BG )

• Spl. MSME LOAN PRODUCTS :

• CGTSME
  • CMEGP
  • STAND UP INDIA
  • GST SCHEME
  • MUDHRA

• Specialised Sectors :

• Hotels , Resorts & Restaurants
  • Doctors & Medical Practioners
  • Contractors
  • CA’s , CS , CWA ( Professionals )
  • Tourism
  • Builders & Developers

• Credit Score out of 900

• Ideal Score :
  • Above 800 : Excellent
  • 750-800     :  Good
  • 700-750     :  Average
  • Below 700 :  Poor

• High Score Not only guarantees Bank Loan but also attracts lower ROI

• Credit Agencies : Transunion , Experian , Equifax , Highmark

• Factors that affect Score :
  • Repayment History
  • Credit Exposure
  • Credit Mix
  • Credit Utilization
  • No. of Credit Enquiries

• Tips to Increase Score : 
  • Montior Cibil Score regularly ( once a month )
  • Timely repayment of Loan & Credit Cards
  • Pay Credit Card Dues fully , do not settle or opt for EMI facility
  • Have multiple Credit Cards but do not use any one limit more than 30%
  • DO Not Settle or write off Loan in lieu of OTS
  • Have good mix of Secured & Un Secured Loan
  • Report Grievances to Credit Authorities immediately