National Small Industries Corporation (NSIC) has given a scheme to rate the MSME enterprises according to the strength and weakness of their operations and also their credit worthiness. Financial assistance is provided those who lack standards according to NSIC. The enterprises are at liberty to select any of the rating agencies ...
Read More »A simplification of Karnataka’s New Industrial Policy for2014-2019
The state of Karnataka aims to alleviate poverty and unemployment and improve the financial status of people through industrial, trade and service sector, because they promotes improved per capita income, good investment, higher capital forming and encourage entrepreneurship. The state looks for industrialization to improve the lives of people from ...
Read More »Registering a Sole Proprietorship and/or Partnership firm
This article gives detailed information on how to register a Sole Proprietorship and Partnership firm. Procedure to register a Sole Proprietorship firm: For Sole Proprietorship, there is no mandated rule as such but the owner may be required to attain a license specific to the mode of business from local ...
Read More »Registering a Start-up
One of the most important steps for a start-up is to get the company registered to avail benefits and other government schemes. Generally, registration of a new business or enterprise in India is administered by the Companies Act 1956. This act is the single most important piece of legislation which ...
Read More »A scheme- to Empower Rural Women Entrepreneurs
Mahila Coir Yojana (MCY) is the first women-centric self employment scheme to develop entrepreneurship among rural women in regions that produce coir fibre. The production of coir fibre in recent India has increased in a substantial manner. The scheme was officially launched in 1994 under the policy – “Training, Extension, ...
Read More »MSME? Get up to 25 Lacs through PMEGP
PMEGP: Prime Minister Employment Generation Program The program has been launched to provide financial assistance to set up new enterprises. Implementation: At the national Level: Khadi and Village Industries Commission (KVIC) At the state level: State KVIC Directorates State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs) Authorized Banks ...
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