Posts Tagged ‘Small Business’

How can you get a loan under CGTMSE Scheme?

Monday, September 12th, 2011

 
Two years back I posted a blog “CGTMSE – Collateral Free Loan Scheme”. It still attracts comment. The fact is many don’t get it. In fact of all those who commented two seemed to have got or getting CGTMSE Loan and they shared the information here. My special thanks to Nitin Shukla and Sowman Lala. They are the inspiration for this blog post.
 

Financing the Growth – Risk Capital Fund for MSMEs from SIDBI- II

Thursday, November 11th, 2010

 When I wrote the first part of this post, I was hoping for one email asking for details. But, I was overwhelmed by the response. I over achieved by 100% I received two mails!! It was heartening! Hence I decided to write a sequel. This time, on the process involved and the scope of this mode of funding. Previous post gives a general intro.
 
The Process
 
Since this scheme does not have fixed norms, unlike standard Term Lending or Working Capital Finance, you have to project pragmatic financials and provide a compelling story board. (more…)

Financing the Growth – Risk Capital Fund for MSMEs

Saturday, October 30th, 2010

Just the other day I met a prospect. Three professionals joined together and are running a successful company supplying materials to lot Tier-I corporates. Three years in existence, impeccable YoY growth in top line and bottom line. Clean and above board.
  (more…)

Inventory Control Workbook for Real Estate Companies

Friday, March 12th, 2010

Often SMEs operating in the arena of real estate development face a peculiar problem. They normally operate anywhere between two to twenty sites, all having a maximum of seven or eight flats per project. All materials required other than cement, sand, steel and blue metal experience centralized purchase. Materials are received in one place and are diverted to various sites. Often the companies do not have a clue as to what is consumed in which site. (more…)

Bank Finance for Real Estate Development

Thursday, February 18th, 2010

Yes. It is possible. No. Real estate funding is still a taboo for Banking sector. However, there is a minor relaxation. In some cases, it is possible to get real estate funding if certain conditions are satisfied. (more…)

Flash, Frames and Templates

Thursday, December 3rd, 2009

On the 28th of November we conducted seminar titled ‘Marketing on a Shoestring Budget’ for CEOs of small businesses. Visiting the website of the attendees was a revealing experience. Quite a few of the websites frankly need to be redone. Some of them were vanilla websites while others were expensive and well designed ones. Common denominator in most of the websites is either the contents leave much to be desired or the design was made with no understanding about the search engines, or both. (more…)

Don’ts that we Do

Wednesday, November 18th, 2009

In India, like any other place in the world, a Non IT start up at small to medium scale happens because the promoter actually knows to do something. Period. IT start up happens in two forms. One the start up entrepreneur actually knows to do something. A successful Navision resource takes up Microsoft Dynamics Partnership and starts running. Two, the startup entrepreneur thinks he has a bright idea that mitigates an existing pain point or opens up new vistas. I can’t really think of any other reason to get into startup eco-system. (more…)

CGTMSE – Collateral Free Loan Scheme

Saturday, September 19th, 2009

Many Micro, Small and Medium Business Entrepreneurs (MSMEs) may not know and Banks don’t popularize it for obvious reasons. But, Collateral free fund based limit up to a maximum of Rs.100 lacs is available for MSEs.

CGTMSE – Credit Guarantee Fund Trust for Micro and Small Enterprises, guarantees collateral free credit up to a maximum of Rs.100 lacs through banks. I recently got a client of mine sanctioned Rs.75 lacs and I thought I should share it Small Business Entrepreneurs. Eligibility criteria are as follows. (more…)

Two Goodies and a Back Flip

Thursday, September 3rd, 2009

I chanced on to Mikogo and tried it in conjunction with Skype. Excellent tool. I can set up a meeting and get all my participants to see my monitor in their screen real time while voice of the participants is carried via a Skype Conference. Scope, obviously is infinite. There are other tools. But this one is simple and free. I am not elaborating further since I plan a separate post on Mikogo.

Second is the personal income tax calculator for salaried persons provided by Y.Nithyanandan  in his web site for the past, may be twelve years. Freely downloadable. (more…)

SMB Marketing – Do Advertisements Really Work?

Wednesday, August 26th, 2009

The other day I was working on the Marketing Plan of a client. Every ingredient for success is already present with the client. A unique product offering. Internationally reputed principals reaching out to India through an SPV which is a wholly owned subsidiary. Excellent third world pricing. Huge and growing oligopoly market. Enviable list of past customers. Great Patrons. Esteem value to customers. You name it, it is already present – except success commensurate with the standing of the parent company. (more…)