Breaking News

More about financing schemes

NEWS

BNI Aparant attains ‘titanium status’

The first chapter of BNI in Goa – BNI Aparant achieved ‘Titanium Status’ after inducting their 69th and 70th member on December 2014. The chapter has so far generated more than Rs 52 crore of business for its members.

Plastivision India

More than 50 entrepreneurs attended a function organised by Plastivision Foundation and GSIA at Hotel Mandovi on January 9, 2015. Mahadev Naik, Minister for Industries, who was the chief guest and Ganesh Naik, chairman of GIDC offered all help to the entrepreneurs in their endeavor to start and grow their enterprises. Plastivision India has scheduled its yearly exhibition at Gandhinagar, Gujarat from February 5 – 10, 2015. For more details visit their website or contact GSIA.

 

BNI Mandovi achieves ‘platinum status’

Launched on April 30, 2014, the Mandovi chapter of Goa region has become the first chapter that has obtained the much coveted status of Platinum with 50 members in less than a year of being launched.

 

EVENTS

Leadership in action workshop

A two-day practical workshop to fine-tune managerial and leadership skills, by senior organizational consultant and trainer Prof Les Menezes on January 16-17, 2015, 9.30 a.m. – 5 p.m. at Central Library, Panaji. For more details email ameyhegde@gmail.com

 

Budding entrepreneurs’ workshop by GEMS

GEMS has scheduled its next workshop at Ravindra Bhavan, Sanquelim, on January 16, 2015. The workshop will help potential entrepreneurs to freeze on their business idea, conduct market survey, prepare business plan and then implement the project with guidance from seasoned business person as mentor for each budding entrepreneur/mentee. For schedule, content and registration details, please contact 2431081 or email at gemsgoa@gmail.com

 

Q1: Does the Credit Guarantee Scheme also include Cash Credit? – Avinash Bhonsle

A: Yes, the CGTMSE scheme is applicable to cash credit loan too.

 

Q2: Was quite happy to learn about CGTMSE scheme. Please let me know whom to contact to avail this facility. – Pawan Natekar

A: 1. You can contact any of the Nationalised Bank. Please note that CGTMSE makes sense only when the bank insists on collateral and you do not have any collateral to offer. It is suggested that you approach the institution you are banking with presently, if it is one of the eligible lenders.

 

  1. Very important to note that the bank should be satisfied about the quantum of loan and project feasibility.

 

Q3: Can you please briefly explain on who can approach Investment Promotion Board. – Ajay Gramopadhye

A: The Goa Government set up the Investment Promotion Board as the nodal authority for investments in Goa which meet any or all of the below criteria:

Investments upwards of Rs 5 crore: Area requirement equal to or above 3,000 sq mts, classified under the Red or Orange category as per Goa State Pollution Control Board guidelines.

Investments of less than or equal to Rs 5 crore and not meeting any of the above criteria can approach a dedicated sub-committee headed by the concern minister in charge to be set up within the Investment Promotion Board that will serve as a facility for investments of values less than or equal to Rs 5 crore.

The Board is a fully empowered statutory entity, headed by a full-time CEO and supported by a dedicated team. The Board will provide and facilitate approvals from the Government of Goa and its entities. It is to also provide assistance in obtaining clearances from the Central Government or its entities.

 

Top financing schemes for start-ups

  1. Dr Verghese Kurien Rojgar Yojana (VKRY)

 

Eligibility: Educated unemployed individuals between 18 to 42 years of age with family income not exceeding Rs 3 lakh p.a. Preference will be given to technical/professional qualifications – candidates trained by Agricultural Department, Forest Department or under any other government training scheme.

 

Project Cost: Max Rs 20 lakh for individuals with professional degree/diploma/IT; Max 15 lakh for others.

 

Interest Rate: 8% p.a. for male and 6% p.a. for female beneficiary.

 

Key points: More than one person (not exceeding five) joining together to form a partnership will also be eligible, subject to maximum of Rs 50 lakh, with prior government approval. Amount of assistance shall be multiples of individual eligible amount under the scheme of respective partners.

 

Contact: EDC Ltd, EDC House, Panaji

 

  1. Prime Minister Employment Generation Programme (PMEGP)

 

Eligibility: Any individual above 18 years of age, Self Help Groups, Charitable Trusts, Production Co-operative societies, Institutions registered under Societies Registration Act, 1860.

Finance Amount:

  1. Maximum Project Cost:
  2. A) Manufacturing AMOUNT URBAN RURAL

Maximum Project Cost

  1. a) Manufacturing 25 25

Check Also

Vedanta Delisting: An opportunistic attempt

By Shivanand Pandit  Although delisting seems like converse thing to do considering the trouble of …