DEN ENTREPRENEURSHIP PROGRAM—BUSINESS KI BAAT

DEN ENTREPRENEURSHIP PROGRAM—BUSINESS KI BAAT
 
As you are aware that the life scenario is being changed very fast. The livelihood which was earlier depend on Government jobs, small own work, Shop and private job with  very meager salary ,now the market has opened up with multiple options for earning sources.

Due to technology driven market and Digital market expansion in each and every products, it is imperative  that we should consider to do the business. Instead of depending on getting Government jobs on reservations pattern, we should create our own business and provide jobs to others. The government of India has given directions  for

OBJECTIVE OF DEN
To get our DEN members in the above said program, we are making efforts to get attached the younger aspirants or existing  business man/women for IMPROVING THEIR SKILL and guide them  enter into DEN ENTREPRENEURSHIP
PROGRAM –BUSINESS KI BAAT

The following tips shall open your information Pandora for doing business in any field .

1. Business Advisory Session; Advice for doing business in relation with core competency and market compatibility of products
2. Support in Negotiation ; Providing of support for negotiation for unit/franchise/JV/Leasing
3. Legal Advisory and Brand Management ; Legal Compliances  i.e GST registration, shop act establishment, IEC code no Membership with council of product and branding of business with fully compliant and create your own story of your brand.
4. Support for Site Selection and space Acquiring for business
5. Financial Consultation –Bank Loan/FI loan ; How to raise funds for business and documents required.
6. Marketing support from DIGITAL MARKETING initiatives by DEN PLATFORM.

As a matter of process, the bank NORMALLY sought  the following documents/information from the firm/COMPANY :-

1. Request Letter on Firm Letter head to bank for availing Loans /Cash Credit Limits for the    firm.
   1. A copy of sale deed of premises and if it is on rental basis then lease deed for minimum of 5 years .
   2. Certificate of Shop establishment
   3. Brief of the firm & partners (in hard & soft copy) and business model of the firm.
   4. Asset & Liability details of promoter and Guarantor. (Net worth certificate) based on 31.3.2017
   5. Details of Buyers & Sellers (with Name of Firm, contact Person & contact).
   6. Current orders in hand.
   7. Current Electricity Bill.
   8. Adhar Card, PAN card, and  Adhar Laghu udami card, Photographs
   9. If Firm is partnership firm then Registration of the partnership firm is mandatory.
   10. CIBIL Confirmation : Mobile no of all partners and firm, Address and date of birth of partners
2. Projected Balance sheet of firm/business.

 
Government schemes available in which we are available for assistance
 
Stand up India  scheme;-

• SC/ST /or woman entrepreneurs above  18 years of age .
• Purpose of Loans; Loans under scheme is available for manufacturing, services or trading sectors
• In case of non-individual enterprises ,51% of the shareholding and controlling stake should be held by either SC/ST /or women entrepreneur.
• Nature of Loan; Composite loan i.e Term loan and working capital limits between Rs10 Lacs to Rs1.00cr
• Margin; 25% however the subsidy can be treated towards margin but minimum 10% margin  for cost of project is mandatory.
• Security ; Primary and collateral .The norms for collateral security is to be decided by the bank concerned.
• Credit Guarantee ;- scheme stand up India is notified under CGTMSE norms.
• Dedicated portal;    www.standupmitra.in .You can login your loan application online with full details of business proposal by preferring bank location near y your residence. The bank officials will contact  the applicant within 3 to 5 days and start processing the loan application provided you have submitted/uploaded full documents on line. 

Article contributed by Sh Satish Kumar Shervan

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