In recent times, there has been a marked increase in MSME’s and start-up in India. However if you are the founder of the start-up, then you know how challenging it can be to arrange for funding.
During the early stages, plus the MSME sector in India has limited access to formal credit facilities.
Below are short details of MSME, Start-up India and Mudra loans.
For MSME and start-up we have an opportunity to start own food processing business with a small investment of Rs 9.99 Lakhs in total with our Micro Retort Equipment.
Our completely automated machine is really easily to use and control equivalent to using a smartphone, thanks to FRENCH DESIGN with PLC and Touch screen.
A 10 x 12 foot floor area allows you to process an infinite number of food and drink items and launch a successful business.
These food products can be stored in a room condition and without refrigeration for more than 1 years.
The MSME sector Loan in India is touted to be the most promising sector of the Indian economy owning to its unique features and benefits. At a relatively lower capital cost, MSMEs Business generate large scale employment opportunities in comparison to larger industries. Additionally, Start MSMEs can help industrialize rural and semi-urban areas, eventually correcting skewed regional development, and leading to more equitable distribution of resources and wealth.
Read MoreThe underlying objective behind Start up funding in India is to build an ecosystem that enables knowledge exchange and easier access to funding. This generation of Indian youth has the conviction to pursue their dreams and business ideas, which is demonstrated by increasing numbers of start-ups business and budding entrepreneurs.
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In order to facilitate financial support and funding access of up to Rs 10 lakhs, the Micro Units Development and Refinance Agency (MUDRA) extends MUDRA Loans loads to support micro businesses. MUDRA is a NBFC which supports the development of micro enterprises. Under the Pradhan Mantri MUDRA Yojana, MUDRA provides Subsidery and refinancing support to micro enterprises.
Learn MoreOn paper, the promotion of Start-up India and Make in India motto, as well as access to MUDRA loans looks very promising. However, in reality it is extremely difficult to register for Start-up India or get loans approved under various schemes for MSMEs. Due to these challenges most start-ups don’t even move ahead from the planning stage, while others falter due to their failure to secure financial resources, funding and/or loans.
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