Name: Hafsah Siddique Class: CO6I-B
Enrollment Number: 1234567890 Subject: EDE
Practical 10
Aim: Compile the information from financial agencies that will help you set up your business
enterprise.
Compiled Financial Information for Setting Up a Business Enterprise
Setting up a new business requires access to reliable financial resources. Various
government-backed schemes and financial agencies in India provide support through loans,
grants, and credit guarantees. The following information highlights key schemes and agencies
that assist entrepreneurs in establishing small-scale enterprises:
1. MUDRA (Micro Units Development and Refinance Agency) – PMMY
● Target Group: Small businesses, startups, self-employed individuals.
● Loan Categories:
○ Shishu (up to ₹50,000)
○ Kishor (₹50,000 – ₹5 lakh)
○ Tarun (₹5 lakh – ₹10 lakh)
● Benefits:
○ No collateral required.
○ Simple application process through banks and online portals.
2. Stand-Up India Scheme
● Target Group: SC/ST and women entrepreneurs.
● Loan Range: ₹10 lakh to ₹1 crore.
● Purpose: For setting up new businesses in manufacturing, trading, or service sectors.
● Features:
○ Repayment period up to 7 years.
○ Inclusive support and hand-holding by banks.
3. CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises)
● Target Group: First-time business owners and existing MSMEs.
● Loan Coverage: Up to ₹2 crore (collateral-free).
● Support: The government provides guarantee coverage to banks to encourage lending.
4. SIDBI (Small Industries Development Bank of India)
● Support: Offers term loans, working capital assistance, and project financing.
● Special Schemes: For technology upgrades, energy efficiency, and innovation.
● Advisory Services: Helps in project planning, financial structuring, and MSME
development.
5. NABARD (National Bank for Agriculture and Rural Development)
● Focus: Supports agro-based and rural enterprises.
● Schemes: Provides subsidies and credit through partner banks for setting up food
processing units, dairy farms, and rural crafts businesses.
6. Startup India Initiative
● Eligibility: Recognized startups under DPIIT (Department for Promotion of Industry and
Internal Trade).
● Support:
○ Tax benefits for 3 years.
○ Easier compliance and fast-tracking of patents.
○ Access to government tenders and funding networks.
Conclusion
With the help of the above-mentioned financial schemes and agencies, aspiring entrepreneurs can
access capital with minimal collateral and flexible repayment terms. These initiatives not only
promote self-employment but also strengthen India's MSME sector. Proper planning,
documentation, and awareness of these schemes can significantly ease the process of setting up
and running a successful business enterprise.
Marks Obtained Out Of Signature
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