Stand Up India scheme was launched by Hon'ble PM Shri Narendra Modi on 5th April, 2016 at Noida, Uttar Pradesh. The scheme focuses on numerous benefits to first time entrepreneurs and SMEs of India. This PPT discusses about Stand Up India scheme and the key benefits.
• The 'District Industries Centre' (DICs) programme was started by the central government in 1978 with the objective of providing a focal point for promoting small, tiny, cottage and village industries in a particular area and to make available to them all necessary services and facilities at one place.
• The District Industries Centre is the institution at the District level, which provides all the services and support facilities to the entrepreneur for setting up Micro, Small and Medium Enterprises. This included identification of suitable schemes, preparation of feasibility reports, arrangements for credit facilities, machinery and equipments, provision of raw materials and development of industrial clusters etc.
• Established in 1940
• Vision is to be primary driving force of commercially sustainable industrial development .
• Industrial development Corporations are companies or agencies in India which were established at various times under the policy of Government of India for the promotion of small - scale industries.
• A Central Industrial Finance corporation was set up under the industrial Finance corporations Act, 1948 in order to provide medium and long term credit to industrial undertakings which fall outside normal activities of commercial banks.
• The State governments expressed their desire that similar corporations be set up in states to supplement the work of the Industrial financial corporation. State governments also expressed that the State corporations be established under a special statue in order to make it possible to incorporate in the constitutions necessary provisions in regard to majority control by the government, guaranteed by the State government in regard to the payment principal. In order to implement the views Expressed by the State governments the State Financial Corporation bill was introduced in the Parliament.
• Small Industries Development Bank of India (SIDBI), set up on April 2, 1990 under an Act of Indian Parliament, is the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector and for Co-ordination of the functions of the institutions engaged in similar activities.
• It was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.
• The purpose is to provide refinance facilities and short term lending to industries. Its headquarters is in Lucknow.
• Former Deputy Managing Director is Shri N.K. Maini. Dr. Kshatrapati Shivaji is the new Chairman and Managing Director of the organisation.
Stand Up India scheme was launched by Hon'ble PM Shri Narendra Modi on 5th April, 2016 at Noida, Uttar Pradesh. The scheme focuses on numerous benefits to first time entrepreneurs and SMEs of India. This PPT discusses about Stand Up India scheme and the key benefits.
• The 'District Industries Centre' (DICs) programme was started by the central government in 1978 with the objective of providing a focal point for promoting small, tiny, cottage and village industries in a particular area and to make available to them all necessary services and facilities at one place.
• The District Industries Centre is the institution at the District level, which provides all the services and support facilities to the entrepreneur for setting up Micro, Small and Medium Enterprises. This included identification of suitable schemes, preparation of feasibility reports, arrangements for credit facilities, machinery and equipments, provision of raw materials and development of industrial clusters etc.
• Established in 1940
• Vision is to be primary driving force of commercially sustainable industrial development .
• Industrial development Corporations are companies or agencies in India which were established at various times under the policy of Government of India for the promotion of small - scale industries.
• A Central Industrial Finance corporation was set up under the industrial Finance corporations Act, 1948 in order to provide medium and long term credit to industrial undertakings which fall outside normal activities of commercial banks.
• The State governments expressed their desire that similar corporations be set up in states to supplement the work of the Industrial financial corporation. State governments also expressed that the State corporations be established under a special statue in order to make it possible to incorporate in the constitutions necessary provisions in regard to majority control by the government, guaranteed by the State government in regard to the payment principal. In order to implement the views Expressed by the State governments the State Financial Corporation bill was introduced in the Parliament.
• Small Industries Development Bank of India (SIDBI), set up on April 2, 1990 under an Act of Indian Parliament, is the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector and for Co-ordination of the functions of the institutions engaged in similar activities.
• It was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.
• The purpose is to provide refinance facilities and short term lending to industries. Its headquarters is in Lucknow.
• Former Deputy Managing Director is Shri N.K. Maini. Dr. Kshatrapati Shivaji is the new Chairman and Managing Director of the organisation.
ENTREPRENEUR, ENTREPRENEURSHIP, INTRAPRENEUR, INTRAPRENEURSHIP, ECONOMY, ECONOMIC DEVELOPMENT, SOCIAL DEVELOPMENT, JOB CREATION, VALUE ADDITION, PROBLEM SOLVING, RISK TAKING, etc.
A powerful presentation on non performing assets which very much influencial when presented before others. Being a law student, I myself created the presentation and presented before the elite authorities which impressed them to a larger extent.
Financial inclusion is a buzzword now and has attracted the global attention in the recent past. As the approach of 12th five year plan (2012-2017) is faster, sustainable and more inclusive growth, the issue of financial inclusion is emerging as the new paradigm of economic growth. Financial inclusion plays a major role in driving a way the poverty from the country. The main focus of financial inclusion in India is to promote sustainable development and generating employment in rural areas for the rural population. C.Rangarajan Committee (2008) defined financial inclusion as, “The process of access to financial services, and timely and adequate credit needed by vulnerable groups such as weaker sections and low income groups at an affordable cost.” The purpose of financial inclusion is to provide equitable opportunities to every individual to avail the facility of formal financial channels for better life, better living and better income. It can be described as the provision of affordable financial services, viz., access to payments and remittance facilities, savings, loans and insurance services by the formal financial system to those who are excluded. Though there are few people who are enjoying all kinds of services from savings to net banking, but still in our country around 40% of people lack access to even basic financial services like savings, credit and insurance facilities. Financial inclusion is the road that India needs to travel towards becoming a global player. This paper attempts to study the overview of financial inclusion in India.
On 06 Jan 2016 ,the Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, approved the “Stand Up India Scheme” to promote entrepreneurship among SC/ST and Women entrepreneurs. The Scheme is intended to facilitate at least two such projects per bank branch, on an average one for eachcategory of entrepreneur. It is expected to benefit atleast 2.5 lakh borrowers.
The expected date of reaching the target of at least 2.5 lakh approvals is 36 months from the launch of the Scheme.
ENTREPRENEUR, ENTREPRENEURSHIP, INTRAPRENEUR, INTRAPRENEURSHIP, ECONOMY, ECONOMIC DEVELOPMENT, SOCIAL DEVELOPMENT, JOB CREATION, VALUE ADDITION, PROBLEM SOLVING, RISK TAKING, etc.
A powerful presentation on non performing assets which very much influencial when presented before others. Being a law student, I myself created the presentation and presented before the elite authorities which impressed them to a larger extent.
Financial inclusion is a buzzword now and has attracted the global attention in the recent past. As the approach of 12th five year plan (2012-2017) is faster, sustainable and more inclusive growth, the issue of financial inclusion is emerging as the new paradigm of economic growth. Financial inclusion plays a major role in driving a way the poverty from the country. The main focus of financial inclusion in India is to promote sustainable development and generating employment in rural areas for the rural population. C.Rangarajan Committee (2008) defined financial inclusion as, “The process of access to financial services, and timely and adequate credit needed by vulnerable groups such as weaker sections and low income groups at an affordable cost.” The purpose of financial inclusion is to provide equitable opportunities to every individual to avail the facility of formal financial channels for better life, better living and better income. It can be described as the provision of affordable financial services, viz., access to payments and remittance facilities, savings, loans and insurance services by the formal financial system to those who are excluded. Though there are few people who are enjoying all kinds of services from savings to net banking, but still in our country around 40% of people lack access to even basic financial services like savings, credit and insurance facilities. Financial inclusion is the road that India needs to travel towards becoming a global player. This paper attempts to study the overview of financial inclusion in India.
On 06 Jan 2016 ,the Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, approved the “Stand Up India Scheme” to promote entrepreneurship among SC/ST and Women entrepreneurs. The Scheme is intended to facilitate at least two such projects per bank branch, on an average one for eachcategory of entrepreneur. It is expected to benefit atleast 2.5 lakh borrowers.
The expected date of reaching the target of at least 2.5 lakh approvals is 36 months from the launch of the Scheme.
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.
Subordinate debt worth Rs. 20,000 crores introduced for stressed MSMEs. Those companies which are stressed or even an NPA are eligible for this facility. 2 lakh MSMEs are likely to benefit from this.
The features of the retail banking industry. How does a modern banks offer to the consumer is discussed over here. Work done during my internship at AXIS Bank.
CGTMSE is a scheme launched by the Government of India in 2006. The scheme provides collateral-free loan to Micro and Small Enterprises (MSEs) which helps them in getting access to finance from banks. The main aim of this scheme is to promote entrepreneurship and employment generation. In this article, we will discuss the various benefits of CGTMSE for MSMEs in India.
Facing an aging population, longer lifespans, and a shift to the defined contributions model, India is overhauling its pension system. But the New Pension System (NPS) faces stiff competition from Employees' Provident Fund (EPF) and other options.
Benefits for MSME under "Aatmanirbhar Bharat Abhiyan"Priyank Shah
Our FM Smt. Nirmala Sitharamanji announced series of stimulus package under the vision of Aatmanirbhar Bharat Abhiyan of PM Shri Narendra Modiji. I have highlighted here some of the benefits offered to MSMEs in the said package to strengthen their growth and make them globally competitive.
Many ways to support street children.pptxSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
What is the point of small housing associations.pptxPaul Smith
Given the small scale of housing associations and their relative high cost per home what is the point of them and how do we justify their continued existance
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
A process server is a authorized person for delivering legal documents, such as summons, complaints, subpoenas, and other court papers, to peoples involved in legal proceedings.
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
Canadian Immigration Tracker March 2024 - Key SlidesAndrew Griffith
Highlights
Permanent Residents decrease along with percentage of TR2PR decline to 52 percent of all Permanent Residents.
March asylum claim data not issued as of May 27 (unusually late). Irregular arrivals remain very small.
Study permit applications experiencing sharp decrease as a result of announced caps over 50 percent compared to February.
Citizenship numbers remain stable.
Slide 3 has the overall numbers and change.
Understanding the Challenges of Street ChildrenSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
4. Prime Minister Narendra Modi launched the
‘Stand up India’ scheme on 5 April 2016 as
part of the government's efforts to support
entrepreneurship among women and SC &
ST communities. The scheme offers bank
loans of between ₹10 lakh (US$15,000) and
₹1 crore (US$150,000) for scheduled castes
and scheduled tribes and women setting up
new enterprises outside of the farm sector.
5. 1.A composite loan of INR 10 lakh to up to 1 crore,
including working capital for women, SC/ST to
set up a new business. The loan amount will be
repayable up to 7 years.
2. RuPay for withdrawal of working capital
through debit card.
3. Measures to develop borrower’s credit history.
4. SIDBI (Small Industries Development Bank of
India) to have a refinance window for
entrepreneurs, starting with the amount of INR
10,000 crore.
6. Loans under the stand up scheme for financially
backward entrepreneurs.
How the loan will be provided to the beneficiaries
under the stand up scheme?
Some important data regarding the stand up India
scheme
Name of the scheme :stand up India scheme
Total beneficiaries :2.5 lakh
Loan amount to be sanctioned : Rs. 10 lakh –Rs.1
crore
7. 5. Credit guarantee fund of INR 5,000 crore to be
created by NCGTC (National Credit Guarantee
Trustee Company).
6. Comprehensive support for Borrowers for the needs
pertaining to pre-loan, facilitation, marketing, and
operational phases.
7. A web portal and mobile application for
entrepreneurs to download application forms, E-
registration, self certification, and other support
services.
8. 8.No inspection of start-ups, and income tax
relaxation during the first 3 years of
commencement of business.
9.Application fee of start-up patent to be reduced by
80%.
10.Exit policies to be made easier.
9. 1.SC/ST and/or Women entrepreneurs, above 18
years of age.
2.Loans under the scheme is available for only green
field project. Green field signifies , in this context,
the first time venture of the beneficiary in the
manufacturing or services or trading sector.
3. In-case of non-individual enterprises, 51% of the
shareholding and controlling stake should be held
by either SC/ST and/or Women Entrepreneur.
4. Borrower should not be in default to any
bank/financial institution.
10.
11. The rate interest would be lowest
applicable rate of the bank for
that category (rating category)
exceed (base rate MCLR)+3% of
tenor premium
12. Besides primary security , the loan
may be secured by collateral security
of guarantee of credit guarantee
fund scheme for stand up India
loan(CGFSIL) as decided by the
banks
13. The loan is repayable in 7 years with
a maximum moratorium period of
18 years
14. The scheme envisages 25% margin money
which can be provided in convergence with
eligible central /state scheme while such
scheme can be drawn upon for availing
admissible subsidies or for meeting money
requirement in all cases the borrower shall
be required to bring in minimum of 10% of
the project cost as own contribution
15.
16. Gogle Ceo SUNDAR PICHAI said that
India is “fastest growing stand up nation
in the world around the globe”-speaking at
the digital India event in silicon valley
(US)where in PM Narendra Modi meet
ceo’s of global tech companies ,pichai said
“I was in India last year. I met hungry
entrepreneur similar to the ones I meet in
silicon valley”