Renting of property & GST
MSME Govt. Schemes
*Objectives: 1) Market Access: Participation of individual MSME’s in trade fair & exhibitions vendor development program. 2) Capacity building: . Adoption of modern package technologies. . Adoption of e-commerce platform. . National workshops & seminars. 3) Development of retail outlet: Infrastructure development of retail outlet for promoting GI products. *Who can apply: . Manufacturing / […]
Small Businessmen, take advantage of the ‘Trade System’!
1.The importance of MSMEs & the trade solution: Micro, small & medium enterprises (MSMEs) are vital to the country’s economy generating employment & wealth. However, they often struggle to access timely funding. The covid-19 pandemic has exacerbated this issue. 2. The challenge delayed repayment: Delayed repayment, primarily due to lending on sale, hinders, MSMEs growth. […]
Business Events Updated 16/Dec/2024
*Eagle Business conclave 2025 on 28th January 2025 @ CIAL Convention Hall, Kochi. *Startup expo 2025 on 4th & 5th of January 2025 t Electronic city, Bengluru. *Bakers Technology fair from 28th to 30th January 2025 at Bengaluru.
When you are planning to start a business, there might be a confusion as whether register the business as LLP or a Company.
* Cost of formation: LLPs are cheaper to set up as compared to Private Limited Companies. *Incorporation process: LLP has lower formalities compared to companies. *Borrowing: LLP has no restriction on borrowing. *Audit requirement: Audit is mandatory for LLP’S only if capital exceeds Rs.25L or turnover Rs.40L whereas for companies, audit is mandatory. *Accounts: LLP’S […]
MINIMUM TAX IN VAT FOR MULTINATIONAL
* UAE is planning to introduce Domestic Minimum Top-up Tax (DMTT), of Jan 2025. *This is to ensure multinational enterprises contribute their fair share where they operate. *Tax rate is a minimum of 15% on the profit count in UAE, up from the current corporate tax rate of 9%. *This is applicable to multinational companies […]
MSME SCHEMES
Credit guarantee scheme for micro & small enterprises (CGTMSE) *Key benefits: Credit guarantee loans upto INR 5 Cr, without collateral & third-party guarantee. *Guarantee coverage: Micro enterprises 85% (upto 5L) 75% (Above 5L) Women/SC/ST 85% General 75% *Who can apply: Micro & small enterprises. *How to apply: Through any member lending institutions.
MSME GOVT. SCHEMES
1.PMEGP- Second loan for upgradation: *Who can apply : Existing well performing/ Mudra units. *Objective : Assisting in expansion & upgradation of existing well performing units. *Benefits : Subsidy of upto 15% of project cost, balance financed by bank. *Max loan amount: INR 1 Cr (manufacturing […]
MSME GOVT SCHEMES
Prime Ministers Employment Generation Programme (PMEGP) * Max loan amount : 50 L (Manufacturing sector) 20 L (Service Sector) *Owners Contribution:10% (General category) 5% (Special category) *Remaining portion : 90-95% provided by bank *Interest rate : 10-12% *Tenure […]
Max loan: 50L (Mfg.)/20L (Service) Owners’ contribution: 5% (special category) 10% (General) Remaining of this: 90-95% sanctioned by bank. 15-35% subsidy provided under PMEGP scheme. Interest: 10-12%. 3-7 Years. Documents required: Aadhar/ID proof Aadhar proof Photo Detailed project report Bank Details Caste certificate (If applicable) Nodal Agency: Khadi & village Industries. Portal: www.kviconline.gov.in