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Sources of raising money for business may include your personal or family savings, seeking loans from your friends, relatives or borrowing from institutions like chit funds, LIC, cooperative credit and thrift societies, loans against your property, debenture etc.
The other sources of raising funds is through borrowing from the financial institutions and banks. In borrowing from banks and financial institutions you have to convince them about the financial viability and profit potential of your project. In addition, you will have to complete all the requisite formalities like filling up of forms, feeding them with information about your project etc. In doing so, you must be careful enough to see that your proposal is based on full facts and figures. Your capability to manage and run your establishment profitably is of great assistance to get loans. The more up-to-date you are with your knowledge of the product, brighter are your chances for getting a loan.
Obtaining-financial assistance or loans is of course not an easy task. There are procedural problems, filling up plethora of forms, submitting certificates, sureties etc. and bureaucratic red-tappism which delay or even deny you loans you need for your business. So much so that it may, at times, appear great harassment and humiliation. While there is hardly any escape from these things, despite governments efforts to simplify the procedures for disbursement of loans, it is better to be fully prepared and be persistent in your approach.
While applying for loan you should first seek full information as well as all the requisite forms and go through the conditions laid down for grant of loans You should prepare the papers and fill up the forms, providing complete information without concealing facts, duly supported by documents. If you feel the need, you must seek guidance or help of a professional agent or agencies to assist you in preparing the project proposal and completing the required formalities.
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The Indian Institute of Management, Bangalore (IIM-B) has set aside a sum of Rs 1.5 crore towards financial assistance for needy students who are facing difficulty in getting admitted to the premier B-school due to financial constraint, in the current year.
In the 2007-08 academic year, IIM-B had disbursed Rs 91 lakh towards assistance for needy students. "Keeping in mind the increase in fees for the entering batch, the amount budgeted for financial aid this year has been revised to Rs 1.5 crore," it said in a statement. The financial assistance by IIM-B is in addition to bank loans what
The Indian Institute of Management-Bangalore (IIM-B) has set aside a sum of Rs 1.5 crore for assistance to the students who are facing difficulty in getting admitted into the institute this year.
In the academic year 2007-08, IIM-B had disbursed Rs 91 lakh towards assistance for the needy students. "Keeping in mind the increase in fees for the entering batch, the amount budgeted for financial aid this year has been revised to Rs 1.5 crore," it said in a statement.
The financial assistance by IIM-B is in addition to bank loans that the students can also avail of. "The objective of IIM-B's
India, despite its own problems of poverty and underdevelopment, is becoming an important donor of economic and technical assistance to other developing nations. Although India's development assistance may not seem large in financial terms when compared with Western contributions, the programs that India sponsors are far-reaching, according to aid .
Small Industries Development Bank of India - the apex bank for small scale industries extends assistance of SSI units through various schemes. All projects in the small scale sector are normally eligible for assistance-
State Govts./UT Govts. Incentives/Facilities/Concessions In order to avail tliese facilities SSI units are required to be registered with the Directorate of Industries of State/UT Governments. Some of the important facilities/incentives provided are :-
• Land, developed plots and sheds in industrial estates on easy terms.
• Necessary infrastructure at developed sites
A network of State Financial Corporations, National Small Industries Corporation, State Small Industries Corporations, Commercial Banks, Cooperative Banks, Regional Rural Banks provide financial assistance to small scale units. Small Industries Development Bank of India provides refinance to the industrial loans advanced by these institutions to small scale sector.
State Financial Corporations (SFCs): State Financial Corporations grant term loan for the purchase of land, construction of factory premises and purchase of machinery and equipment for the setting up of new industries or for expansion or modernisation of the existing ones. SFCs generally prescribe a margin of 25% and allow an initial holiday
The Indian Institute of Management Kozhikode (IIM-K) has decided to revert to its old fee structure of 1.10 lakhs case per year for the academic year (2004-05), destined for Need-based financial support.
The meeting of 18 members of the Board of Governors of the IIM-K, which met here on Thursday in the absence of the chairman, AC Muthiah, decided it should be, based scholarships for students whose income Gross family is gr. 2 lakhs and bottom, entitled to financial assistance until the full tuition. It should be noted that the IIM-K with the IIM, Lucknow, Indore and approved the proposal to
Thiruvananthapuram, DEC. 25 The government has unveiled a number of proposals to Bail Out floundering waste station purification Vilappilsala and resolving the prolonged dispute between the city and the Corporation private companies operating the facility.
Sponsored by the Theerapatham Urban Development Project, the recovery regime offers three separate agreements with the government, the Corporation, the operator Kerala and Agro Industries Corporation (KAIC).
First Covenant
The first pact between the government and the Corporation financial assistance designed for the flood project on its operational losses and keeps afloat. A sum of 5.54 crores case by the Government to the company over a period of
Calcutta Statesman News Service, June 18. -- IIM Calcutta, decided last year, the fee structure and the need to win scholarships to students in the first and second years. The current session of the Governing Council decided free last year, charges for the current year, as well. The Institute is to provide scholarships to ensure that no student is unable to study IIM-C "want of financial resources," said the director of the institution, Shekhar M . Choudhury. Briefing the press after the meeting, Mr. Choudhury said: "If the IIM-C students, whose gross annual family income of less than Rs 2
AHMEDABAD: After studying Lalu Prasad, as for the railways, a researcher at the Indian Institute of Management, Ahmedabad, you are now in the country from the airport transformation quite fascinating to study. B-L'école is a case study on the tender for the modernisation of airports in New Delhi and Mumbai.
"Reworking airports by privatizing is new in India. Therefore the study of the privatization process is interesting," says Professor Raghuram G IIM-A, in collaboration with the case study, in collaboration with d Other IIM-A Faculty Rekha Jain.
The project is conducted in zoom on issues such as transparency and the weight of
The Indian Institute of Management, Indore (IIM-I) has reverted to its fee of Rs1,50,000 following a meeting of its Board of Governors on 14 Jun 2004.
This provides a definitive direction to decisions that the various boards of the IIMs will take during the later part of Jun 2004. The board of IIM-I has also made provision for need-based financial assistance to students whose annual family income is less than Rs2,00,000.
The scholarship will amount to full tuition fee waiver, subject to proof of income.
IIM will also help organise loans for students with income of over the Rs2,00,000.
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