As the scheme promotes grassroots economic development, applying for one can help you reap benefits. Follow these points: Submit your application to the ASPIRE Scheme Steering Committee under the Ministry of MSME This committee will oversee the overall policy, including its management and coor.....
Some of the areas that the AIM plans to spark innovation in the future include: Transportation via vehicles operating on alternate fuel Cleaning of septic tanks and sewers Agricultural systems that are climate-smart Grey water management Fog vision systems for road and rail to prevent.....
If you qualify to apply for the scheme, you need to follow these steps to send your application: Incorporate a Private Limited Company, LLP, or Proprietorship as per your business requirements Get tax registrations and approvals required for operating the business Conduct market analysis an.....
Here are some essential points to know regarding the loan amount: Eligible entities can receive a maximum capital loan of ₹1 Crore, with a corresponding subsidy of up to 15% The subsidy of 15% can go up to a maximum amount of ₹15 Lakhs under the scheme Entities that have already received .....
To apply for the Coir Udyami Yojana online, you must follow the given steps: Step 1 – Login to the official website at http://coirservices.gov.in/. Step 2 – Choose the Coir Udyami Yojana scheme and click on ‘Apply’ Step 3 – Next, click on ‘New Login Registration’. Step 4 – Once you are registe.....
The scheme is placement linked, and as such, ensures that the candidates enrolled are adequately placed after completing the training/ program. Given this, the scheme requires the PIAs to place at least 75% of the candidates. Additionally, candidates are offered a minimum monthly salary of ₹6,000 o.....
The following are some of the additional functions of the District Industries Centres: Provide information about the sources of raw materials and machinery to the concerned industries in the area Allot raw materials to industries functioning at the district level Promote new industrial grow.....
Here are some of the top schemes for startups launched by the Government of India: 1. Pradhan Mantri Mudra Yojana (PMMY) The PMMY scheme aids micro, small, and medium enterprises through collateral-free loans. There are three categories of loans under this scheme. These include: Shishu ranging.....
Government schemes for women entrepreneurs are contributing to the empowerment of not just women economically, but also promoting women as a part of the workforce. These initiatives financially support women in India, and thus help them develop their skills, network with their respective industry co.....
The Indian Government established the SIDBI in 1990 with a view to promote the development of the MSME sector. The organisation provides a number of loans and subsidies for the inclusive growth of micro and small industries. The following are some of the notable features of the SIDBI loan: S.....
To learn more about the scheme, visit the MNRE's website - www.mnre.gov.in and https://pmkusum.mnre.gov.in/landing.html. These sites also have information on eligibility for participation in the scheme and the implementation process. Alternatively, you can try any of the following contact option.....
Below are the details about the profits and incentives associated with PMJAK: Each generic drug's MRP includes a 20% profit for PMJAK retailers and a 10% margin for distributors You can receive an annual incentive of up to ₹2.5 Lakhs if your Jan Aushadhi Kendra is linked to the PMBI Medicat.....
The KUSUM Solar Pump programme, which intends to deliver agricultural solar pumps with a 90% subsidy, has begun in various states. Till October 2022, more than 1.75 Lakh pumps have been installed by the government aid. As mentioned, these pumps are eligible with a subsidy. Farmers receive subsi.....
To meet its objectives, KVIC offers various schemes. Let us take a look at them: Prime Minister’s Employment Generation Programme (PMEGP) To generate employment in rural areas, the KVIC launched the PMEGP scheme in 2008. It is a credit-linked subsidy scheme where the beneficiary invests a ce.....
For further queries or other issues related to this scheme, you can contact the NSFDC through the following channels: Toll-free Number: 18001023399 (Timing: Monday to Friday between 10 AM and 5 PM) Other Telephone Number: +91 11 45854400 Email ID: info@nbcfdc.gov.in
The Mahila Udyam Nidhi Scheme eligibility details are listed below: This loan is only offered to women entrepreneurs – those launching or running a new business. To avail of this scheme, women entrepreneurs should necessarily hold at least 51% of the company’s share. This loan is only sanc.....
In order to aid the farming sector, the NABARD loan scheme also offers specially developed schemes like the Dairy Entrepreneurship Development Scheme. This NABARD dairy loan aims to help potential entrepreneurs of the dairy market and enable them to enlarge their businesses by setting up dairy farms.....
Refer to the following tables to know the state-wise implementing agencies of the scheme’s components: Component A State Name State Implementing Agency Sanctioned Quantity Website / Contact Details ARUNACHAL PRADESH Arunachal Pradesh 2 - ASSAM Assam Power Distribution .....
Follow these steps to check the PM SVANidhi loan status online: Step 1: Visit the official website of the PM SVANidhi Scheme Step 2: Log in using your ID and password Step 3: View the loan status on the screen
While PMEGP loans offer significant advantages, they also have some limitations: Lengthy Approval Process: Loan approvals may take time due to document verification and project evaluation. No Tax Benefits: Unlike other schemes, PMEGP loans do not provide tax exemptions. Fixed Subsidy Rate.....
Follow these steps to apply for PMKVY online and offline: Online Mode: Step 1: Visit the official website of PMKVY Step 2: Search for a training centre and register through the website Step 3: After registration, enter the necessary details After providing essential details, the train.....
The bank expects you to start the repayment process once the business unit begins commercial production. Banks usually set the repayment schedule, which ranges between 3-7 years. It is important to remember that the loan, including interest, must be repaid on time. In case of default, the bank,.....
The banks that offer PSB loans in 59 minutes are: ICICI Bank YES BANK Punjab and Sind Bank Federal Bank Union Bank Kotak Bank Central Bank of India UCO Bank Indian Bank Canara Bank SIDBI Indian Overseas Bank Bank of Maharashtra SBI IndusInd Bank Bank o.....
Through the launch of this REGP scheme, the Central Government of India envisions meeting the following objectives: Sustainable Employment Solution: The government focuses on creating and expanding sustainable job opportunities in rural areas. Through this, it aims to ensure that a continuous dem.....
SFURTI suggests three specific measures to facilitate the growth of regional Indian MSMEs. They are as follows: Soft intervention strategies refers to things like raising people's level of knowledge and understanding, providing them with opportunities to learn new skills, encouraging them to atte.....
The Stand-Up India loan is a suitable option for women, SC and ST entrepreneurs looking to achieve their dreams of owning a business. For additional details of the scheme or to get business financing and other forms of credit, look no further than Bajaj Markets.
All startups registered under this flagship initiative are eligible for the following tax exemptions: Tax Exemption Under Section 80IAC Startups can be exempted from paying tax for a maximum of 3 consecutive financial years within their first 10 years of inception The entity must be a DPIIT-r.....
In addition to meeting the above eligibility requirements of the UYEGP scheme, you will need to submit the documents to the District Industries Centre (DIC) to enjoy the benefits: Transfer Certificate (TC) issued by your school/college for education proof Ration Card for nativity proof (2 copi.....
To monitor and execute the rules and regulations of this Startup India Fund, the DPIIT has formed an Experts Advisory Committee (EAC). The EAC assesses and chooses the incubators to grant the seed funds, monitor the progress and perform all other required administrative tasks. This way, EAC ensure.....
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With the self-attested photocopies of the aforementioned documents, you can proceed with the Aadhaar card Mudra loan application process. Here are the steps that must be followed for the offline Mudra loan application with Aadhaar card. Find the nearest bank/financial institution that dispenses M.....
If you face any problem at the time of availing a MUDRA loan through online mode, you can go with the offline method. Mentioned below are the steps by which you can apply for a MUDRA Loan offline: Visit a PMMY-authorised financial institution or NBFC Make sure that you have a documented b.....
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