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Opportunities for New Enterprises

Opportunities for New Enterprises. Promotional Schemes. Subsidies Textiles – 5% interest or 5% exchange fluctuation, 15% credit linked capital subsidy or 20% for power loom, 5% interest plus 10% capital subsidy for special processing machinery

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Opportunities for New Enterprises

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  1. Opportunities for New Enterprises

  2. Promotional Schemes • Subsidies • Textiles – 5% interest or 5% exchange fluctuation, 15% credit linked capital subsidy or 20% for power loom, 5% interest plus 10% capital subsidy for special processing machinery • Food processing – 25% of P & M subject to 50 lakh, and 33% up to 75 lakhs in difficult areas

  3. Contd • Leather industry – 30% of P & M for SSI , and 20% for others with ceiling of 50 lakhs. • Coir Industry – 40% of the project cost max of 80000(spinning unit) tiny unit 40% of cost max of 2 lakhs. For diesel set generators 25% max of 50000 • Credit linked capital subsidy scheme for technology up gradation – micro & small 15% subsidy max of 100 lakhs

  4. Contd • Quality up gradation – ISO 9000 ISO 14001 75% of expenditure max of 75000 • Market development assistance – for participation in international trade fairs, 75% airfare and 50% space rental charges, for SC/ST/ women 100% • Subsidy of NSIC – financial assistance for raw material procurement, economies of purchases, documentation and letter of credit.

  5. Contd • Marketing assistance – international & domestic exhibitions, co-sponsoring of exhibition, buyer seller meets, campaigns and other support activities. • Credit rating

  6. NABARD • Promotion of agriculture, small scale industries, cottage and village industries, handicrafts and rural crafts • Capital Govt & RBI • Directors of RBI are board members, and Dy Governor as chairman

  7. Operations of NABARD • SHG • Women entrepreneurs in rural areas • Projects covering irrigation, rural roads and bridges • Rural non-farm sector – MAHIMA, ARWIND • DRIP • REDP • Marketing • Rural innovation fund

  8. SIDBI • Set up by IDBI to support small scale sector • Marketing, infrastructure development, obsolescence of technology, quality improvement, export finance and venture capital. • Factoring, OTCEI, category I merchant banker adviser, consultant, manager, underwriter, portfolio manager.

  9. Operations of SIDBI • Refinancing & bill discounting • Equity participation • Loans on soft terms • Working capital • Foreign currency • Venture capital

  10. Channels of Assistance • Indirect assistance – refinancing for new, expansion, up gradation, modernization, rehabilitation, small road transport operators, professionals, hotels, tourism • Rediscounting • Direct assistance

  11. SIDBI • Technology development and modernization fund • TUFS • Tannery modernization schemes • 12 % capital subsidy on select product • Short –term loans to facilitate purchases from SSI • Interest subsidy to hotels after tourism dept approval • Support for credit rating

  12. Contd • Foreign currency assistance for import of equipment, letter of credit, export bills financing • Venture capital – IT & software industry, MOU with Small enterprise

  13. Lines of Credit • SFC • SIDC • SSIDC • Factoring • NSIC

  14. Development & Support Services • Enterprise promotion • HRD • Technology up gradation • Quality & environment management • Marketing promotion & information dissemination

  15. Enterprise Promotion • Micro finance institutions, SIDBI foundation entered into MOU’s with IFAD Rome, dept of international development UK • Rural industries programme

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