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:-
Atal Penssion Yojana Bachat Lamp Yojana CGHS
- 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
- 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
- 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 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.
- 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
- 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.
Atal Penssion Yojana Bachat Lamp Yojana CGHS
Deen Dyal Upadhaya Jyoti Yojana List schemes runing by governments
- 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
- 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.
- 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
- Public Issue Appraisal
- Credit Syndication
- Corporate Advisory Services
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