This document discusses financial inclusion and its impact on Dalit entrepreneurs in India. It provides background on financial inclusion initiatives aimed at providing banking and financial services to Dalits. It then discusses how the Tamil Nadu Industrial Investment Corporation (TIIC) provides various loans, subsidies and schemes to support Dalit entrepreneurs through initiatives like the New Entrepreneur cum Enterprise Development Scheme. The document also provides data on the types of assistance, subsidies, capital structure and performance of TIIC in supporting Dalit entrepreneurs over the years.
Role of financial institutions in support of women entrepreneurial activities...uma reur
Origin of SIDBI
In order to promote small scale industries in the country, a special Act was passed in Parliament in April 1990 for starting of Small Industries Development Bank of India. SIDBI is a wholly owned subsidiary of IDBI. It is providing assistance to all those institutions which are promoting small scale industries.
Capital of SIDBI
SIDBI has an authorised capital of Rs. 1000 crores. The RBI has also allocated INR 10,000 Crores to SIDBI for various venture capital activities and company startups in 2015. The entire operations of IDBI connected with small scale industries are now handed over to SIDBI.
Objectives of SIDBI:
To promote marketing of products of small scale sector.
To upgrade technology and also undertaking modernization of small scale units.
To provide more financial assistance to small scale ancillary and tiny sector.
To encourage employment oriented industries.
To coordinate all the other institutions involved in the promotion of small scale industries.
NURTURING ENTRPRENEURS FOR SUSTAINABILITY MSMEs IN ASSAM-|| - Part -14Resurgent India
NURTURING ENTRPRENEURS FOR SUSTAINABILITY MSMEs IN ASSAM-|| - Part -14
The growing investment climate coupled with comprehensive central investment policy for NER (NEIIPP 2007) and liberalised Assam State Industrial policy 2008 provides attractive incentives/ subsidies for attracting investment in the region.
Role of financial institutions in support of women entrepreneurial activities...uma reur
Origin of SIDBI
In order to promote small scale industries in the country, a special Act was passed in Parliament in April 1990 for starting of Small Industries Development Bank of India. SIDBI is a wholly owned subsidiary of IDBI. It is providing assistance to all those institutions which are promoting small scale industries.
Capital of SIDBI
SIDBI has an authorised capital of Rs. 1000 crores. The RBI has also allocated INR 10,000 Crores to SIDBI for various venture capital activities and company startups in 2015. The entire operations of IDBI connected with small scale industries are now handed over to SIDBI.
Objectives of SIDBI:
To promote marketing of products of small scale sector.
To upgrade technology and also undertaking modernization of small scale units.
To provide more financial assistance to small scale ancillary and tiny sector.
To encourage employment oriented industries.
To coordinate all the other institutions involved in the promotion of small scale industries.
NURTURING ENTRPRENEURS FOR SUSTAINABILITY MSMEs IN ASSAM-|| - Part -14Resurgent India
NURTURING ENTRPRENEURS FOR SUSTAINABILITY MSMEs IN ASSAM-|| - Part -14
The growing investment climate coupled with comprehensive central investment policy for NER (NEIIPP 2007) and liberalised Assam State Industrial policy 2008 provides attractive incentives/ subsidies for attracting investment in the region.
Atmanirbhar presentation - Stimulus by Indian Government - Part 1 business in...Dilip Sankarreddy
Stimulus package announced by Government of India to tackle the economic distress caused by corona virus or covid-19. The stimulus package has been named as 'Atmanirbhar Bharath'.
The total package size is about 10% of India's GDP.
Date of announcement: 13 May 2020.
AatmaNirbhar Bharat Presentation- Government Reforms and EnablersLabour Law Advisor
Aatmanirbhar Bharat Scheme announced by Government of India in the wake of COVID 19. The whole scheme was divided into 5 parts. It is the official PPT of Part 5 Government Reforms and Enablers that includes the direct and indirect schemes launched to help boosting the economy from the slowdown.
Entrepreneurship Development Institute of India (EDII)uma reur
EDI has been spearheading entrepreneurship movement throughout the nation with a belief that entrepreneurs need not necessarily be born, but can be developed through well-conceived and well-directed activities.
In consonance with this belief, EDI aims at:
Creating a multiplier effect on opportunities for self-employment,
Augmenting the supply of competent entrepreneurs through training,
Augmenting the supply of entrepreneur trainer-motivators,
Participating in institution building efforts,
Watch Full Video about IREDA Explanation in hindi from here https://bit.ly/2G93Fc4 .. you will come to know what is ireda? what is ireda in hindi? what is miniratna, navratna and mahartna companies & ias preparation will be easy for you in the manner of general studies for ias. visit our youtube channel https://bit.ly/2HncX0M and get daily ias videos of the hindu editorial analysis & Daily Current Affairs.
This is a document that covers the MSME financing in India. It explores the financing sources and problems in India. It talks about working capital financing via factoring and reverse factoring, cluster financing, Germany's cluster financing, listing looking at alternativa model of listing of ventures, and Thailand's SME bond markets. It also covers the need for policy redefinition of MSMEs and policy support required.
Originally posted on LinkedIn on 17th May 2020- https://www.linkedin.com/feed/update/urn:li:activity:6667787215978029056/
With the 5th and final tranche announced today, we have a fair idea about the composition of the INR 20 trillion Atma Nirbhar Bharat Economic Package.
To summarize, the package is majorly focused on providing easy loans to businesses to meet their short-term requirement for funds.
INR 11.8 Trillion of the package is aimed at infusing liquidity. Also, credit guarantees up to INR 4 Trillion have been announced to incentivize banks to lend money.
Liquidity Infusion & Credit Guarantee together constitute 75% of the package.
Major part of Direct Benefits worth INR 2.3 Trillion has already been utilized in the PM Garib Kalyan Yojana.
INR 40000 crores for additional MGNREGS spending is the only major step that will help in reviving demand.
Government has done enough on the supply-side measures. However, it needs to be complemented with fast pick-up in demand to ensure the economic recovery is fast. We hope that the Government will take more measures to revive demand in the economy.
Government has also announced much needed reforms in many sectors. The benefits will be seen only in the long-term.
Since, this is the final report we have created a comprehensive report for your perusal. Hope you find it useful.
Small Scale Industries play a very vital role in the national economy. They help in generating employment with minimum
possible investment and play a very vital role in promoting exports. Therefore, the Government has announced various schemes and policies for the promotion of Small Scale Industries to ensure that control over production is widely distributed. As per the present definition, an industry having investment of upto Rs. 1 crore in plant and machinery is defined as Small Scale Industry.
Atmanirbhar presentation - Stimulus by Indian Government - Part 1 business in...Dilip Sankarreddy
Stimulus package announced by Government of India to tackle the economic distress caused by corona virus or covid-19. The stimulus package has been named as 'Atmanirbhar Bharath'.
The total package size is about 10% of India's GDP.
Date of announcement: 13 May 2020.
AatmaNirbhar Bharat Presentation- Government Reforms and EnablersLabour Law Advisor
Aatmanirbhar Bharat Scheme announced by Government of India in the wake of COVID 19. The whole scheme was divided into 5 parts. It is the official PPT of Part 5 Government Reforms and Enablers that includes the direct and indirect schemes launched to help boosting the economy from the slowdown.
Entrepreneurship Development Institute of India (EDII)uma reur
EDI has been spearheading entrepreneurship movement throughout the nation with a belief that entrepreneurs need not necessarily be born, but can be developed through well-conceived and well-directed activities.
In consonance with this belief, EDI aims at:
Creating a multiplier effect on opportunities for self-employment,
Augmenting the supply of competent entrepreneurs through training,
Augmenting the supply of entrepreneur trainer-motivators,
Participating in institution building efforts,
Watch Full Video about IREDA Explanation in hindi from here https://bit.ly/2G93Fc4 .. you will come to know what is ireda? what is ireda in hindi? what is miniratna, navratna and mahartna companies & ias preparation will be easy for you in the manner of general studies for ias. visit our youtube channel https://bit.ly/2HncX0M and get daily ias videos of the hindu editorial analysis & Daily Current Affairs.
This is a document that covers the MSME financing in India. It explores the financing sources and problems in India. It talks about working capital financing via factoring and reverse factoring, cluster financing, Germany's cluster financing, listing looking at alternativa model of listing of ventures, and Thailand's SME bond markets. It also covers the need for policy redefinition of MSMEs and policy support required.
Originally posted on LinkedIn on 17th May 2020- https://www.linkedin.com/feed/update/urn:li:activity:6667787215978029056/
With the 5th and final tranche announced today, we have a fair idea about the composition of the INR 20 trillion Atma Nirbhar Bharat Economic Package.
To summarize, the package is majorly focused on providing easy loans to businesses to meet their short-term requirement for funds.
INR 11.8 Trillion of the package is aimed at infusing liquidity. Also, credit guarantees up to INR 4 Trillion have been announced to incentivize banks to lend money.
Liquidity Infusion & Credit Guarantee together constitute 75% of the package.
Major part of Direct Benefits worth INR 2.3 Trillion has already been utilized in the PM Garib Kalyan Yojana.
INR 40000 crores for additional MGNREGS spending is the only major step that will help in reviving demand.
Government has done enough on the supply-side measures. However, it needs to be complemented with fast pick-up in demand to ensure the economic recovery is fast. We hope that the Government will take more measures to revive demand in the economy.
Government has also announced much needed reforms in many sectors. The benefits will be seen only in the long-term.
Since, this is the final report we have created a comprehensive report for your perusal. Hope you find it useful.
Small Scale Industries play a very vital role in the national economy. They help in generating employment with minimum
possible investment and play a very vital role in promoting exports. Therefore, the Government has announced various schemes and policies for the promotion of Small Scale Industries to ensure that control over production is widely distributed. As per the present definition, an industry having investment of upto Rs. 1 crore in plant and machinery is defined as Small Scale Industry.
Introduction to MSMEs in India, Key Government Policies and Support for MSMEs, Ease of Doing Business : The India Story, Financing Sources for MSMEs, MSME Issues and Challenges and Role of Information Technology and Innovation
There is no limit to the financial benefits that an MSME registration certificate can proffer for your small business. Here is a comprehensive guide that will familiarize you with the numerous reforms introduced by the government for the growth of MSMEs in India.
Micro, Medium and Small Enterprises
It is helpful for enterpreneurs and persons having interest in economy and want to gain knowledge regarding society.
You can contact me directly for any type of assistance
Do you struggle to understand India's MSME sector? Our complete MSME 2024 insights bundle helps you comprehend India's MSME ecosystem and make smart business decisions. BTHAWK Compliance Services
Income under the head of “House property”
2.Income under the head of “profit and gain of business or profession”
3.Income under the head of “Capital Gain”
4.Income under the head of “Income from other sources”
MSME Registration | SSI | Udyog Aadhar | UDYAM Registration can be obtained by startups, micro, small & medium sized enterprises in India to avail various subsidies and schemes aimed at SME businesses. The Indian government has always been in favor of providing benefits & services to Micro, small and medium enterprises MSMEs enjoy benefits in terms of taxation, compliance requirements, credit terms etc.
Support system and its role in entrepreneurial development in India..shadabjamia88
This is a dissertation on Support system and its role in Entrepreneurial development in India....
it was prepared by HASEEB AHMAD SHADAB, A STUDENT OF MASTER OF FINANCE AND CONTROL MFC, IN ALIGARH MUSLIM UNIVERSITY ALIGARH U.P.
Similar to C.PARAMASIVAN ,PERIYAR EVR COLLEGE , TIRUCHIRAPPALLI Financial inclusion and its impact on economic development(1) (20)
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
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when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
2. FINANCIAL INCLUSION AND ITS IMPACT ON DALIT ENTREPRENEURS
Dr. C. Paramasivan
Assistant Professor & Research Supervisor,
P. Mari Selvam
Ph.D (F.T) Research Scholar,
PG & Research Department of Commerce,
Periyar EVR College, Tiruchirappalli 620 023. Tamilnadu.
Email: pmariselvam1986@gmail.com Cell: 9976037879
Abstract
Financial inclusion is an innovative concept which makes alternative techniques to
promote the banking habits of the rural people because, India is considered as largest rural
people consist in the world. Financial inclusion is aimed at providing banking and financial
services to all dalit entrepreneur, transparent and equitable manner at affordable cost. The
financial assistance provide from the commercial banks through subsidies from Government.
These financial institution is available from the loans and subsidies in the enterprise to promote
the Tamilnadu Industrial Investment Corporation is helpful to dalit entrepreneurs. This paper is
an attempt to analysis the performance of financial inclusion and its impact on dalit
entrepreneurs.
Key words:
Financial inclusion, banking services, Subsidies from Government, Dalit entrepreneurs,
Financial Inclusion
Financial inclusion operates the economic development it is associated with faster growth
and better income distribution while at the social level it lends its weight to the dimension of
social empowerment enables the poor to escape the ossified social structure. The banking sector,
if considered in isolation, also, reaps rich dividends as financial inclusion enables them to meet
the credit needs of the economy in most apposite manner. Financial inclusion is derivative of
funds utilise the business process. These activities are analysed form the dalit entrepreneurs.
These derivatives of funds used to us and impacts of the financial assistance and inclusion using
the dalit entrepreneurs.
Dalit Entrepreneurs
Dalit owned a business and their involve in the business activity is called dalit
entrepreneurs, Dalit entrepreneurs have been socio-economic exploitation to low income
3. generating occupations. The fund was envisaged as a way to finance the expansion and
modernization of dalit-run businesses and also fund prospective dalit entrepreneurs. What
grabbed the dalit entrepreneur’s attention was a new principle. Under existing schemes for
scheduled castes, the state has been the giver and the community the recipient. Now, dalit
entrepreneurs need not worry about collateral and make rounds of banks, as we have our own
venture fund.
Financial services to TIIC
Tamilnadu Industrial Investment Corporation Ltd. [TIIC] is a premier State Financial
Corporation established in the year 1949. The Tamilnadu Industrial Investment Corporation
Limited (TIIC) is a Government Company incorporated under The Companies Act. TIIC is
considered as one of the State Financial Corporations for extending financial assistance towards
creation of fixed assets for starting new industrial units as well as for expansion, modernization
and diversification of existing units as well as working capital term loan assistance. Lending to
service sector projects like hospitals, hotels, convention centres, commercial complex etc., are
also considered.
While TIIC provides assistance to micro, small, medium and large enterprises, about 90%
of the assistance goes to the micro, small and medium enterprises [MSME] sector. Of this, about
40% goes to first generation entrepreneurs. Thus, TIIC acts as a catalyst for industrial promotion
within the State by creating a new generation of entrepreneurs. TIIC has so far assisted 1,11,823
units with a cumulative sanction of Rs.9,412.99 cores up to 31.03.12.
Table No. 1 - Performance of the Corporation
Sl.No Particulars 2011 - 12 2010 - 11 2009-10
1. Sanction 80,097 93,925 66,813
2. Disbursements 70,294 73,559 57,027
3. Principal Outstanding 1,34,838 1,22,075 1,01,910
4. Recovery 77,676 70,927 49,488
5. Net Profit for the year 4,840 5,282 4,484
6. Capital Adequacy Ratio ( %) 17.39 15.88 13.72
7. Gross NPA ( % ) 6.66 10.80 15.91
8. Net NPA (% ) 2.98 3.51 3.35
Source : TIIC Annual Report on 2011-12.
4. Type of Assistance:
i. TIIC offers long and medium term financial assistance to various industries including
service sector in the following forms:
Term Loans
Term Loan and Working Capital Term Loans under the Single
Window Scheme.
Special types of assistance like Bill Financing Scheme, etc.
ii. Schemes Operated :
a) Scheme for Economically Backward Entrepreneurs:
Entrepreneurs Development Scheme (EDS) – New scheme for the
economically weaker section entrepreneurs.
b) Schemes for Manufacturing Enterprises
General Scheme for New and Expansion Project
Micro Small Enterprises Funding Scheme (MSEF)
Single Window Scheme (SWS)
Equipment Finance Scheme (EFS)
Restricted Technology Up gradation Fund Scheme (RTUF) for Textile
Industry
Open Term Loan (OTL)
Working Capital Term Loan (WCTL) for Rice Mills and
Manufacturing Unit
Scheme for take over of loans from other Financial Institutions.
c) Schemes for service Enterprises
Information Technology Project
Hotel Project
Hospital Project (My Doctor / Doctor Plus)
Commercial Complex
Marriage Hall / Community Centre / Convention Centre
Warehouse / Cold Storage
Financial assistance under New Entrepreneur cum Enterprise Development Scheme
(NEEDS) for Micro & Small Enterprises (MSEs) has been introduced by the State Government
5. to enable educated youth to become first generation entrepreneurs. Financial assistance is
provided through Banks / TIIC for eligible candidates under this scheme. Entrepreneurs are
eligible for 25% capital subsidy and 3% interest subvention under the NEEDS.
Quantum of Loan Assistance:
TIIC provides Term Loan assistance normally upto a maximum of Rs.1500 Lakhs to
Proprietary and Partnership concern. In respect of Limited Companies normally a maximum
term loan assistance of Rs.3000 Lakhs can be considered. However, higher loan assistance may
also be considered for bigger projects on a case to case basis. TIIC has 6 Regional Offices, 25
regular Branch Offices and 5 Field Offices spread all over Tamilnadu. The Board of TIIC has
delegated appropriate powers for sanction of loans to the Branch Manager, Branch Sanction
Committee (BSC) and Regional Loan Sanction Committee (RLSC), Executive Committee and
the Board.
Rate of Interest:
The rate of interest for the term loan for the current year is in the range of 14.50 % p.a. to
16.00 % p.a based on the quantum of loan and nature of industries. The Corporation will modify
the interest rate for all loans every year based on its cost of funds. Rate of interest presently
charged for the schemes operated
Subsidies from Government :
TIIC is the implementing agency for various capital subsidies of State Government in
respect of its assisted units. TIIC is also the nodal agency for select Central Government
Subsidies like Credit Linked Capital Subsidy, Food Processing Subsidy etc, in respect of its
assisted units. TIIC gives subsidy bridge loans against eligible subsidies to the eligible units
assisted by it, helping them to implement their projects on schedule.
i) State Government Subsidy
Following Incentives and Concessions provided by Tamilnadu Government :
Capital Subsidy
Additional Capital Subsidy for Women/SC/ST/Physically Handicapped / Transgender
Entrepreneurs
Employment Incentive subsidy
Special Capital Subsidy to Thrust Sector Enterprises
Subsidy Schemes for Agro based Enterprises
6. Generator Subsidy
Back-ended Interest Subsidy
ii) Central Government Subsidy:
Credit Linked Capital Subsidy (CLCS) for Technology Up gradation
Restructured Technology Up gradation Fund (RTUF) Scheme for
Textile units & Jute Industries provided by Ministry of Textiles, New Delhi.
Food Processing subsidy provided by Ministry of Food Processing
Industries (MOFPI), New Delhi.
Table No. 2 - Subsidy / Incentives for Micro, Small and Medium Enterprises
Sl.No Subsidy State Capital Subsidy
1. Capital Subsidy 15% on eligible plant and machinery value, subject to a
maximum of Rs.30 Lakhs (set up in 251 backward blocks –
however micro enterprises are eligible in all areas)
2. Additional Capital
Subsidy for select
category of
Entrepreneurs
Additional Capital Subsidy of 5% subject to a maximum of
Rs.2.00 Lakhs to Enterprises located in backward areas / agro
based industries & set up by Women / SC / ST / Physically
handicapped / Transgender entrepreneurs
3. Employment
Intensive Subsidy
Employment Intensive Subsidy of 5% subject to a maximum of
Rs.5.00 Lakhs will be granted, if at least 25 workers have been
employed for a minimum period of 3 years within the first 5
years from the date of commencement of production for units set
up in backward areas / agro based enterprises
4. Subsidy for Agro
based Enterprises
Capital Subsidies 1-3 above are extended for setting up of Agro
based enterprises in all 385 blocks in the State.
5. Special Capital
Subsidy to Thrust
Sector Enterprises
notified by the State
Government
Micro / Small / Medium manufacturing enterprises in notified
thrust sectors are eligible for 15% on eligible Plant and
Machinery subject to maximum of Rs.30.00 Lakhs. Such
industries set up anywhere in the State are eligible.
6. Back-ended Interest
Subsidy
3% Back Ended Interest Subsidy to a maximum of Rs.10.00 lakh
over a period of five years on loans up to Rs.100.00 lakh for
Micro / Small /Medium Enterprises under specific schemes like
MSEF Scheme, CLCS eligible technology.
Source : TIIC Annual Report on 2011-12.
7. Conclusion
Financial inclusion was promote the various number financial services in the society.
Any other people have involve the any other financial activities, so for new schemes for
announced the government. These kinds of activities for properly utilise the dalit entrepreneurs
is not merely utilized. The financial assistance was given by the any other schemes and so for
not active business and other business activities. In case of many more dalit entrepreneurs nor
awareness from the financial services and inclusive growth and development of the financial
inclusion and services. Show that all other dalit entrepreneurs have awareness in the financial
inclusion and inclusive growth and development.
References
1. Atonu chatterjee (2013). Financial inclusion Swabhimaan – A Significant beginning,
Kurushetra.
2. Curpreet Bal and Paramjit. S Judge. (2010). Innovations, Entrepreneurship and
Development: A Study of the Scheduled Caste in Punjab, The Journal of
Entrepreneurship, Vol. 19, No. 1, pp 43-62.
3. Gupta S.P. (2001). Statistical Methods, Sultan Chand & Sons, New Delhi.
4. Kajal Iyer. (2012). The Dalit Entrepreneur, IBN live Business News.
5. Kajal Iyer. (2012). The Dalit Entrepreneur, IBN live Business News, Nov. 26, pp 1-5.
6. MSME Annual Report 2007-08.
7. Paramasivan C. Research Methodology for Commerce and Management, Regal
Publication, New Delhi.
8. RBI Report 2010-11.
9. Tamilnadu Industrial Investment Corporation Annual Report 2011-12.