The Government of India established the Loans Guarantee Fund Scheme for Micro and Small Enterprises (CGMSE) to provide collateral-free credit to Indian MSMEs. Existing and new businesses are also eligible for the program.
To implement the plan, the Ministry of Micro, Small, and Medium Enterprises (MSME) and the Small Industries Development Bank of India (SIDBI) formed the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). Credit facilities include term loans and working capital facilities of up to Rs. 100 lakh per borrowing unit is available under the scheme. In a 4:1 ratio, the government and SIDBI each contribute a portion of the total. The initiative also helps sick units insured by the guarantee scheme with rehabilitation.
Under the National Project on Organic Farming, the Indian government offers a capital investment incentive to commercial production facilities that make organic fertilizers and bio-fertilizers.
According to the requirement, NABARD/ NCDC would distribute the eligible subsidy amount via DAC. You will receive a 50% advance subsidy from the partnering bank for depositing the funds in the associated borrower's subsidy reserve fund account.
In April 1999, the Ministry of Textiles created the Technologies Up-gradation Fund Scheme (TUFS) for the textiles and jute industry to help textile companies implement cutting-edge technology. It includes benefits such as a 5% interest reimbursement of the normal interest charged by the lending agency on RTL, a 5% exchange fluctuation (interest and repayment) from the base rate on FCL, a 15% credit linked capital subsidy for SSI, a 20% credit linked capital subsidy for power looms, and a 5% interest reimbursement plus a 10% capital subsidy for specified processing machinery.
Setting up/expansion/modernization of food processing industries covering all segments, including fruits and vegetables, milk products, meat, poultry, fishery, oilseeds, and other agri-horticultural sectors leading to value addition and shelf life enhancement, such as food flavors and colors, oleoresins, spices, coconut, mushroom, and hops.
The aid takes the shape of a grant covering 25% of plant and machinery and technical civil work up to Rs. 50 lakh in General Areas and 33.33 percent up to Rs. 75 lakh in Difficult Areas.
The initiative aims to help current tanneries, footwear, footwear components, and leather products units modernize, resulting in increased productivity, capacity reduction, cost-cutting, design, and development, while also encouraging entrepreneurs to diversify and open new businesses.
Newly qualified units will be allowed for assistance under the initiative only after submitting a copy of all required registrations, NOCs from all relevant government departments for unit setup, and when the factory building is ready for plant and machinery installation.
Upgrading the process, as well as the associated plant and gear, is critical for SMEs to cut production costs and remain competitive in the global market. The Ministry of Small Scale Industries (SSI) operates a scheme for technology up-gradation of Small Scale Industries to help SMEs thrive in international trade markets.
The Loans Linked Capital Subsidy Scheme (CLCSS) intends to facilitate technology up-gradation by providing SSI businesses with a 15 percent upfront capital subsidy (limited to a maximum of Rs.15 lakhs) for credit used to modernize their plant and machinery. This program is open to all sole proprietorships, partnership firms, cooperatives, and private, and public limited companies.
The scheme provides funding for manufacturing Small and Micro Enterprises to participate in International Trade Fairs/ Exhibitions under the MSME India stall; sector-specific market studies by Industry Associations/ Export Promotion Councils/ Federation of Indian Export Organizations; initiating/ contesting anti-dumping cases by MSME Associations, and reimbursement of 75% of the one-time registration fee; and 75% of annual fees (recurring) paid to GSI (Formerly EAC).
The government provides this incentive in order to encourage the MSME sector in India to follow quality standards. This is mostly for obtaining ISO certifications like ISO 9000, ISO 14001, and HACCP. The NMCP program attempts to boost productivity in the manufacturing process by upgrading technology and conserving energy. It also intends to increase Indian MSME products' domestic and worldwide market share.
Governments establish Mini Tool Rooms and Training Centers to assist the states, while the Government of India gives financial assistance in the form of a one-time grant-in-aid. In the event of a new Mini Tool Room, the financial aid equals 90 percent of the cost of machinery/equipment (up to Rs. 9 crores) and 75 percent of the cost (up to Rs. 7.50 crore) in the case of an existing room that has to be modified.
The major goal of this program is to expand tool room facilities. Essentially, the government intends to provide technical assistance to MSMEs as well as training in tool manufacturing and tool design in order to develop a workforce of competent employees, supervisors, engineers/designers, and other professionals.
NSIC offers two types of basic subsidies. As an example, support with raw materials and marketing. Small Scale Industries/Enterprises can benefit from the Raw Material Assistance Scheme by subsidizing the acquisition of raw materials (both indigenous & imported). SSI will be able to focus more on producing high-quality items as a result of this. Under the Scheme, the National Small Industries Corporation (NSIC) provides marketing assistance to Micro, Small, and Medium Enterprises in order to improve their competitiveness and marketability.
The goal of the Cold Chain, Value Addition, and Preservation Infrastructure system is to provide integrated cold chain and preservation infrastructure facilities from farm gate to customer without any breaks. It includes pre-cooling facilities at manufacturing facilities, reefer vans, transportable cooling units, and value-added centers.
Basically, the centers for horticulture, organic produce, marine, dairy, meat, and poultry, as well as infrastructural facilities such as Processing/Multi-line Processing/ Collection Centres, etc. Individuals, groups of entrepreneurs, cooperative societies, self-help groups (SHGs), farmers' producer organizations (FPOs), NGOs, central/state public utilities, and others with a business interest in cold chain solutions are eligible to set up an integrated cold chain and preservation infrastructure and receive a grant under the Scheme.
Do you want to create a business based on coconuts? Are you aware that there is a government subsidy program in India for innovative and value-added coconut-producing units? Coconut Development Board is assisting with the Technology Mission on Coconut (TMOC). Apart from the husk, anyone can get help to start a coconut-based business.
On payment of a technology transfer fee, the board makes technology for various items available. Virgin coconut oil and dietary fiber, tender coconut water packaging, spray dried milk powder, vinegar, and other convenience foods are among the items on the list.
Scheme for Agro-Marine Produce Processing and Development of Agro-Processing Clusters (SAMPADA) is an acronym for Scheme for Agro-Marine Produce Processing and Development of Agro-Processing Clusters. The SAMPADA plan, which has a budget of Rs. 6000 crores, aims to combine existing and future food processing schemes. The primary goal is to reduce food waste and double farmers' revenue.
The NABARD dairy farming subsidy was established in an effort to strengthen India's dairy farming business.
Animal dung, in addition to milk, is a good source of organic matter for boosting soil fertility and crop yields. The dung's gobar gas is used for home uses as well as to power turbines that pull water from wells. Feeding the animals with leftover fodder and agricultural by-products is a profitable endeavor.
The Government of India established the National Horticulture Board (NHB) in 1984. Under the Societies Registration Act 1860, it is essentially an autonomous society.
The National Horticulture Board's goals include the advancement of high-tech commercial horticulture, the construction of contemporary post-harvest management infrastructure, and the promotion and marketing of fresh horticulture goods, among others.
Jaywant Group is the