Government Funding and Schemes

An entrepreneur requires a continuous flow of funds not only for setting up of his/ her business, but also for successful operation as well as regular upgradation/ modernisation of the industrial unit. To meet this requirement, the Government (both at the Central and State level) has been undertaking several steps like setting up of banks and financial institutions; formulating various policies and schemes, etc. All such measures are specifically focussed towards the promotion and development of small and medium enterprises. The public sector banks are the major source of financial assistance to the industrial sector. They extend credit support to the firms in the form of loans, advances, discounting bills, project financing, term loans, export finance, etc. Some of the major examples of such banks are:-

1. State Bank of India (SBI) provides a wide range of financial products and services that can cater to any business or market requirement. It deploys multiple channels to deliver integrated solutions for all financial challenges faced by the corporate universe. Its various funding schemes are:-
   
   
• Working capital finance, extended to all segments of industries and services sector.



• Corporate term loans to support capital expenditures for setting up new ventures as also for expansion, renovation, etc.



• Deferred payment guarantees to support purchase of capital equipments.



• Project finance



• Structured Finance
  
  
The bank also provides financial assistance to agriculturists through a network of rural and semi-urban branches. These specialized branches have been set up in different parts of the country exclusively for the development of agriculture through credit deployment. Their schemes cover a wide range of agricultural activities like crop loan, finance to horticulture, farm mechanization schemes, land development schemes, minor irrigation projects, agricultural term loans, etc.

2. Bank of Baroda offers various products and services that meet the specific requirements of business enterprises, particularly the small scale units. Various schemes relating to the provision of loans and advances by the bank include:-
   
   
• Working Capital Finance
  
• Term Finance
  
• Small and Medium Enterprise (SME) Loan Pack
• Small Business Borrowers
• Traders Loan
  
  
3. Andhra Bank has also devised a host of loan schemes to meet the financial requirements of an enterprise. These particularly cater to the corporate and agricultural sector. Some of its important funding options include:-
   
   
• Working Capital Loans
• Export & Import Finance
  
• Advance against Shares
• Term Finance
• Corporate Loans
• Project Finance
• Infrastructure Project Finance
• Kisan Vikas Card
• Kisan Sampathi
• Self Help Groups-Bank Linkage Programme
• Kisan Green Card

Small scale industries need credit support on a continuous basis for running the enterprise as well as for its diversification and modernisation. Recognising the need for a focused financial assistance to such industries, the Government of India, together with the State Governments, has formulated several policy packages including schemes and funds for their growth and development. Most of these programmes of the Central Government are implemented through two principal organisations:-

1. Small Industries Development Organisation (SIDO) is an apex body for promotion and development of small scale industries in the country. Its major activities include:-
   
   
• Advising the Government on formulation of policies and programmes for the small-scale industries.



• Conducting periodical census/survey of the small scale industry and generating data/reports on various important parameters/indicators of growth and development of the sector.



• Maintaining close liaison with other Central Ministries, Planning Commission, State Governments, Financial Institutions and other organisations concerned with the development of small-scale industries.



• Facilitating linkage of small-scale industries as ancillaries to large and medium scale industries.



• Developing human resource base through training and skill upgradation.
For achieving its objectives, SIDO has devised a comprehensive range of schemes for providing credit facilities, technology support services and marketing assistance, etc. Some of the major schemes are:-

• Credit Linked Capital Subsidy Scheme for Technology Upgradation



• Credit Guarantee Scheme



• ISO 9000/ISO 14001 Certification Reimbursement Scheme



• Integrated Infrastructure Development (IID Scheme)



• SSI MDA Scheme



• Assistance to Entrepreneurship Development Institutes



• Micro Finance Programme
  
  
2. National Small Industries Corporation Ltd (NSIC), has been established with the objective of promoting, aiding and fostering the growth of small scale industries in the country. It has been assisting small enterprises through a set of specially tailored schemes which facilitate marketing support, credit support, technology support and other support services.

• Marketing support schemes :- sound marketing is critical for the growth and survival of small enterprises. NSIC acts as a facilitator to promote small industries products and has devised a number of schemes to support small enterprises in their marketing.
  
  



• Credit support schemes:- NSIC facilitates credit requirements of small enterprises in several areas. These include:-
  
  
  • Equipment financing:- through schemes like 'Hire Purchase' and 'Term Loan' for the procurement of equipments.
  
  
  
  • Financing for procurement of raw material:- by facilitating bulk purchase of basic raw materials at competitive rates, import of scares raw materials,etc. NSIC also takes care of all the procedures, documentation and issue of letter of credit in case of imports.
  
  
  
  • Financing for marketing activities:- such as internal marketing, exports and bill discounting, etc.
  
  
  
  • Financing through syndication with banks:- by entering into strategic alliances with commercial banks so as to facilitate fund requirement of the small enterprises. It involves an arrangement of forwarding the loan applications of the interested small enterprises to the banks.
  
  
  
  • Performance and credit rating scheme for small industries:- so as to enable the small enterprises to ascertain the strengths and weaknesses of their existing operations and take corrective measures accordingly. NSIC is operating the scheme through agencies like ICRA, ONICRA, Duns & Bradstreet(D&B), CRISIL, FITCH, CARE and SMERA.
    
    



• Technology support schemes:- NSIC offers small units various support services through its 'Technical Services Centres' and 'Extension Centres'. The services provided include advise on application of new techniques; material testing facilities through accredited laboratories; energy and environment services at selected centres; classroom and practical training for skill upgradation, etc.

At the State level, various State Financial Corporations (SFCs) have been set up by the respective State Governments for providing financial assistance to the industrial units. For this purpose, these institutions have brought out several funds and schemes, from time to time. There are 18 State Financial Corporations (SFCs) in the country. For example:-
Atal Penssion Yojana                                  Bachat Lamp Yojana  CGHS 

Deen Dyal Upadhaya Jyoti Yojana             List schemes runing by governments

1. Kerala Financial Corporation (KFC), incorporated under the State Financial Corporations Act of 1951, is a trend setter in the field of industrial finance. It has been playing a major role in  the development and industrialisation of Kerala by extending financial assistance well-suited for the requirements of the entrepreneurs.   Its main objective is to extend term loan assistance for establishing new industrial units or to extend credit assistance for meeting expansion/diversification/modernisation costs of the existing units, in small scale or medium sectors. Some of its major schemes include:-
   
   
• General Scheme For SSI Units



• General Scheme For SME Units



• National Equity Fund (Nef) Scheme



• Working Capital Finance



• Scheme For Assistance To Information Technology And Software Development Sector



• Financial Assistance For Infrastructure Projects
  
  
2. Madhya Pradesh Financial Corporation is the premier institution in the State of Madhya Pradesh engaged in providing financial assistance to small and medium industries. This assistance has been extended in the form of a wide range of fund and non fund based services/ schemes. The fund based schemes are available for setting up of business ventures within the State, whereas, non fund based schemes are available throughout the country.

The fund based schemes include:-

• Term Loan



• Equipment Finance



• Asset Credit



• Short Term Loan



• Working Capital



• Loan Replenishment



• Finance for Market Activities



• Composite Loan



• Credit Linked Capital Subsidy for SSI

The non-fund based schemes include:-

• Public Issue Appraisal



• Credit Syndication



• Corporate Advisory Services 

Health Inssurance 

Insurances
Bharati AXA	click here
Bajaj Allianz Health Insurance	click here
ICICI Prudencial Life Insurance	click here
Raligare Health Insurance	click here
HDFC Health Insurance	click here
Bhamashah Health Insurance(Rajasthan)	click here

Benificiary Scheme and plan

Bhamashah Yojana(Rajasthan) 

Hospital's location and  Speciality

Others

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  Bhamashah Swasthya Bima Yojana

  What is Bhamashah Swasthya Bima Yojana?

It is a scheme to provide cashless facility to the IPD patients.
For the identified families covered under National Food Security Act (NFSA) and Rashtriya Swasthya Bima Yojana (RSBY).
By the Government (Medical and Health Department)
Through an Insurance Company “New India Assurance Company”
On a fixed premium per family per year on floater basis

Aims of the Scheme

To Hedge Govt. moneys
To provide quality health care that avoids large out of pocket expenditure
To provide financial security against illness
To Improve health status of the State.
To create a data base which could be used to make policy level changes in Healthcare.
To bring a revolution in healthcare in rural area – by providing stimulus to Private Sector to open hospitals in rural areas and reducing the increasing burden on Government facilities .

Salient features of the scheme

Cashless for beneficiary
Only for IPD procedures.
1715 disease packages are covered under the scheme which includes 1045 packages for Secondary illness, 500 for Tertiary illnesses.
170 disease packages are reserved for Govt. Institutions.  (these includes 65)
For the families covered under NFSA  or RSBY.
To be coupled with Bhamashah Scheme.
Treatment through Govt. and accredited private hospitals.
Coverage of Rs. 30,000 for general illnesses and Rs. 3 lakh for serious ailments.
Provision for fund enhancement.
MNDY ,MNJY  and MMBPLJRK to continue as usual.
—Beneficiaries will be covered for secondary and tertiary illness according to the pre decided package rates.
—Pre-existing conditions or diseases will be covered from beginning of the scheme.
—Transportation allowance of INR 100 in cash to be given during discharge of the beneficiary with an annual ceiling of INR 500 and shall be a given only for Cardiac & Polytrauma cases.
—Transportation allowance is included in the package cost.
—Pre hospitalization of 7 days and post hospitalization of 15 days to be covered under the scheme.

                                                                         

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BHAMASHAH YOJANA HEALTH CARD (Rajasthan Govt.)

          The state government has included 1,715 diseases under the ambitious Bhamashah Health Insurance Scheme (BHIS). The diseases have been categorised under three heads like secondary illnesses (1,045), tertiary (500) and others (170). Under the scheme, people suffering from these illnesses will be treated at government hospitals.

As per the guidelines issued by the government on Friday, the insurance cover for secondary illness is Rs30,000, while for the tertiary illness, it will be Rs3 lakh.

Under the tertiary illness, the health department has kept those illnesses which are related to burns, cardiology, including coronary balloon angioplasty, aorta-aorta bypass with graft, refractory cardiac failure and renal angioplasty with stent (non-medicated). The surgeries for valve replacement and chest surgeries, including lobectomy, pneumonectomy, pleurectomy, pulmonary AV fistula surgery, lung cyst will be covered. Under secondary illnesses, the health department has included dental problems, ear, nose, eye, endocrine, throat, various illnesses requiring general surgery, obstetrics and gynaecology and neurology.

The insurance will be applicable in private hospitals which will be empanelled by the health department.

                                             Click Here for List of Hospitals Enrolled with BSBY