important government schemes &incentives for promotion of entrepreneurship
Post on 17-Feb-2017
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SOME IMPORTANT GOVERNMENT
SCHEMES & INCENTIVES FOR
PROMOTION OF
ENTREPRENUERSHIPPREPARED BY:
MANORANJAN
ROUT
ADD. NO. 36C/14
NATURE OF ASSISTANCE- CREDIT LINKED SUBSIDY SCHEME
FINANCIAL ASSISTANCE IS PROVIDED FOR SETTING UP OF MICRO
ENTERPRISES MAXIMUM COSTING UPTO
National level Khadi and Village
Industries Commission (KVIC)
State level Directorates, State Khadi and
Village Industries
Boards (KVIBs)
District level District Industries Centres
(DICs) and banks
Impimented by-
manufacturing sector Rs.25 lakh
service sector 10 lakh
Level of assistance:Categories Beneficiary’s
contribution
Rate of subsidy
Area (location of
project/unit)
Rural Urban
General category 10% 15% 25%
Special category 05% 25% 35%
Who can app
ly ?
Any individual above 18 years must have passed at least VIII Standard with only new
projects
SHGs those have not availed benefits under any other scheme
Institutions registered under Societies Registration Act, 1860
How to apply :Off line online
Through application toThe State/Divisional
Directors of KVIC in
consultation with KVIB and Director of
Industries of the respective states (for DICs)
on publication of advertisement with other
required documents
http://www.kviconline.gov.in/pmegp/
Pmegponlineapp
And the printout of the application
should submit the same to respective
offices along with the detailed project
report andother required documents
What is cluster ? Group of micro or small enterprise dealing with similar manufacture goods
or services in a particular area.
objectivesTo support the sustainability and growth of MSEs by addressing common issues such as improvement of technology, skills and quality, market access, access to capital, etc
To build capacity of MSEs for common supportive action
To create/upgrade infrastructural facilities
To set up common facility centres
Scope of approach:
Project Maximunm Project Cost
Diagnostic study Rs. 2.50 lakhs.
Soft interventions Rs.25.00 lakh
Hard interventions, i.e setting up CFCs Rs.15.00
Infrastructure development Rs.10.00 crore, with GoI contribution
of 60%
online• Minisyry website
ofline
• through State Governments or their autonomous bodies or field
• institutes of the Ministry of MSME
How to apply:
objectives financial assistance for establishment of new institutions (EDIs)
strengthening the infrastructure of the existing EDIs
Support for conducting entrepreneurship development and skill development
programmes
Scale of assistance Maximum assistance Rs. 150 lakh in each case not exceeding 50% of project
cost.
Maximum assistance per trainee per hour is Rs.50
Who can apply ? Any State/Union Territory Government training
institutions, NGOs and other development
agencies
How to apply ? Through application to MoMSME
Micro Units Development & Refinance Agency Ltd. (MUDRA)
SUPPORTED BY IDBI, NBFCs, MFIs, SCHEDULE BANKS AND RRBs
TYPES OF ASSISTANCE refinance for lending to micro businesses and units. Minimun collateral
security
TYPE OF FINANCE STAGE LIMIT OF
ASSISTANCE
INTEREST
RATE
Shishu Start ups loans up to Rs.
50,000/-
10 to 12 %
Kishor Started but not established Rs.50,000/- to Rs. 5
lakh
14 to 17%
Tarun Established want to
expand
Rs. 5 lakh to 50 lakh 16 %
Who can apply small manufacturing units, venders, service provider
Wow to apply Nodal Officer of the respective regions and online through
Nature of assistance Promote entrepreneurship and also to promote start-ups for
innovation and entrepreneurship in agro-industry.
Setup Livelihood Business Incubators (LBI) providing skill
development training and marketing schells
One time 100% finance project
objectives Ease of Registration Process through adhar card
Self declaration format
‘Single Window System’ High Power Committee empowered go give all necessary
clearances for setting up a business.
no fee for filing the UAM
Who can apply Start up enterprises
How to apply Through online
Other important schemes: Market promotion and development assistance (MPDA)
Performance and credit rating scheme
Credit guarantee scheme Nature of assistance Collateral free loans up to a limit of Rs.50 lakh
for individual MSEs
Who can apply Both existing and new enterprises are eligible
under the scheme
How to apply approach banks/financial institution, scheduled
commercial banks and select Regional Rural
Banks.
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