Thursday, 17 September 2015

banks entrepreneurs

There are bank loans that the would be entrepreneurs can avail. Grandeur Industries at says about the bank loans that will help grow MSMEs.

According to Grandeur Industries at msmemart, "PMEGP is a government sponsored scheme for educated unemployed youth for setting up any manufacturing unit or service unit.

Eligibility criteria

Education: Minimum 8th pass

Age: Maximum 35 years

Manufacturing unis can avail loan up to Rupees 25 lakhs and Service unit can avail loan up to Rupees 10 lakhs respectively under PMEGP scheme. The proposal has to be routed through KVIC (Khadi & Village Industries Commission) and DIC (District Industries Centre) and KVIB (Khadi & Village Industries Board). State Level Bankers Committee can also approve the loan selection of borrowers. You can also apply online  through KVIC and DIC websites. Trading units and MSMEs already doing business are not eligible for this scheme. They can directly go to banks.

CGTSME scheme is for small and medium enterprises. The guarantee is provided by the government for loan up to one crore. The scheme is only for manufacturing and service unit. The trading units are not eligible under this scheme".

Things for entrepreneurs to know about banks:

According to Grandeur Industries at, "Banks do Know Your Customer (KYC) norm, presanction survey, take market opinion and utilize all the market intelligencies to know about the antecedents of the borrower and the company and its activities. According to the RBI and  guidelines of Ministry of Finance, every bank regularly organize customer and entrepreneurs meet in their own branch premises or any other comfortable place other than the premises. During customer meet the concerned bank carefully listen each query of known customers and unknown customers and they try to ratify all queries. Each bank makes a report regarding these meets and they send the customer meet report to their administrative unit, the administrative unit then sends it to the RBI, Ministry of Finance as well as the lead bank. These meets are of different kinds like msme meet, retail loan meet, meet specialized with women entrepreneurship etc".


No comments:

Post a Comment