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Funding agencies with case study
- 1. SLMC case study final presentation By- Mr.Mahesh S. Kshirsagar B.Tech Automobile 1001093 Under guidance of Prof. S.R.Desai sir
- 2. Entrepreneurship • The processof starting a business and run it successfully
- 3. Funding • "Funding" isthe act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or government.
- 4. Purpose of funding •Research funding • Launch a business
- 5. Methods of funding •Government Grants • Crowd funding • Raised from investors
- 6. Approaching bank forfunding • What Banks Need To Know About You?
- 7. • Profile ofbusiness owner • Brochure of Business • Bank and Other References • Proof of Company Ownership or Registration • Financial Situation
- 8. • Balance Sheet,Profit-and-Loss Account, and Cash-Flow Statement • Budget for the Current or Coming Year • Commercial Information Details of Orders Booked • Business Plan • Feasibility Study of business
- 9. List of fundingagencies • DIC- District Industries Centre • PMEGP - Prime Minister Employment Generation Scheme • NEF- National Electricity Fund • NBH - National Board of Horticulture • MSFC - Maharashtra State Finance Corporation • MPBCDC- Mahatma Phule Backward Class development corporation
- 10. • LASDC- LokshahirAnnabhau Sathe Development Corporation • LIDCOM –Leather Industries Development Corporation Maharashtra • SIDBI- Small Industries Development Bank of India • NABARD- National Bank for Agriculture and Rural Development • VNVJNTDC- Vasantrao Naik Vimukta Jatis and Nomadic Tribes Development Corporation • SGSY- Swaranjayanti Gram Swarojgar Yojana • APEDA- Agricultural and Processed food product Export Development Authority
- 11.
- 13. Documentation required toget funding • Various documents need to submit to get funding from respective funding agencies • For an example document required for DIC funding are shown in next slide
- 14. • Audited financialstatement of company • Term loan details • Property statements of all directors / partners/proprietor / guarantors • Business plan • Export details (if any) • CMA (Certified Management Accountants) data for the last three years, estimates for current year and projection for the next year
- 15. Subsidy chart Name offunding agency Loan limit Subsidy Rate of return of loan Repayment period of loan Training facility SGSY 50000 10000 4% available VNVJNTDC 50000 25000 available NABARD 80% 12% 7 yr SIDBI 50 Lac 4% available LIDCOM 50000 50% available LASDC 50000 50% available MPBCDC 50000 50% 5 yr available MSFC 200 CR MM scheme 2 lac 30% 5-7 yr NEF scheme 50 lac 30% 5-7 yr PMEGP 10-25 lac 35% 5-7 yr DIC 25 lac 75000 7% 5 yr NBH 80% 50% 12% 7 yr
- 16. Case study • Companyname :-Arohi agrotech Pvt. Ltd. • Owner:- Mr. Prasad S. Kulkarni • Qualification:-MBA • Products of company:- poly and green house construction and consultancy • Funding by :- NBH (national board of horticulture) • Funding amount :- 50 %
- 17. • The projectcost for 10 thousand sq. ft. is approx. 7.5 lakh. • For that he get funding from NBH (national board of horticulture) i.e. 50 % subsidy, • And hence he has to only invest 50 % of 7.5 lakh i.e. 3.75 lakh in project . • Profit from one project is 1.3 lakh rupees.
- 18. Conclusion :- • Fromthis self learning module it is clear that in various areas of business funding is very much important. Also learn the procedure to get funding for business. This report will be very helpful for entrepreneurs to get funds for their business.