FAQ

  • 1. Who is an entrepreneur ?

      There are various definitions.The word “entrepreneur” is a French word which means “to undertake”.This was used in France for military expeditions. However, the common definition is – “ an individual who bears the risk of operating a business in the face of uncertainty about the future conditions.”

  • 2. What are the qualities of an entrepreneur?

      An entrepreneur is an individual who has got basic qualities such as perceptions,dedication,vision,high goals,vigorous energy,hard work,quest for new ideas,risk taking ability,curiosity,ability to get things done,insight,initiative,creativity,problem solving ability,ability to marshal resources,administrative ability.

  • 3. What is the definition of MSME ?

      As per the provision of Micro,Small and Medium Enterprises Development Act 2006, following is category of business enterprises : A) Manufacturing sector : 1) Micro : investment in plant and machinery should not exceed Rs 25 lacs; 2) Small : investment in plant and machinery should not exceed Rs 500 lacs; 3) Medium :investment in plant and machinery should not exceed Rs 1000 lacs; B) Service sector : 1) Micro : investment in plant and machinery should not exceed Rs 10 lacs; 2) Small : investment in plant and machinery should not exceed Rs 200 lacs; 3) Medium :investment in plant and machinery should not exceed Rs 500 lacs;

  • 4. What is MUDRA ?

      MUDRA stands for Micro Units Development Refinance Agency.

  • 5. How does MUDRA work ?

      This is flagship scheme of the Central Government to fund the non-funded underprivileged class of the society.This is known as Pradhan Mantri Mudra Scheme for promtion of self employment.This scheme is divided into three categries : a) Shishu : loan upto Rs. 50,000/-; b) Kishore :loan upto Rs. 5 lacs and c) Tarun : loan upto Rs 10 lacs.The margin money from the promoter would be 25% of the project cost.

  • 6. What is the Stand up Scheme ?

      Hon Prime Minister has announced a special scheme to promote self employment for SC/ST and women candidates.Loan amount from Rs 10 lacs to Rs 100 lacs will be provied to them for greenfield projects.The total repayment period will be 7 years depending upon the projected profitability.

  • 7. NEW AGRI-FOOD PROCESSING POLICY BY GOVT OF INDIA

      1) Mega Food Parks (on going) 50% of approved Capital investment maxm Rs 50 Crs (Minimum 50 acres land) 2 )Integrated Cold Chain and Value a) For Storage facilities : 35% of investment Addition Infrastructure (on going) b) For Processing : 50% of investment Maxm limit : Rs 10 Crs. 3) Creation / Expansion of Food Processing & Preservation Capacities (new) : 35% of capital investment maxm Rs 5 Crs 4)Infrastructure for Agro-processing Clusters (new): 35% of capital investment maxm Rs 10 Crs ( Minimum 5 units with total investment Of more thanRs 25 Crs) 5) Creation of Backward and Forward Linkages (new) : 35% of capital investment maxm Rs 5 Crs 6)Food Safety and Quality Assurance - Infrastructure (on going) : a) Rs 17 lakhs for certification. b) 50% of costs of testing equipments

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