Showing posts with label Entrepreneurship. Show all posts
Showing posts with label Entrepreneurship. Show all posts

Sunday, March 17, 2024

Make in India - Campaign - by Prime Minister Shri Narendra Modi

Make in India initiative is now almost an abandoned project of Modi Government.

Why it failed to take of. The Government's refusal to invest in public sector. The well known Keynesian economic principle says that when private sector is reluctant to invest, Government must come forward. The BJP government ignored it. It made more preparations to sell PSUs than to develop them and invest in new PSUs. A policy failure. An attitude failure.




Updated Information on Various Manufacturing Industries - Opportunities in India

Air Crafts and Airports - Automobiles - Automobile components - Biotechnology
Chemicals  - Construction
Electrical Machinery - Electronic items
Renewable Energy Equipment and Power Projects
Steel



MAKE IN INDIA

Follow Twitter Hash Tag Make in India
https://twitter.com/hashtag/MakeInIndia?src=ptrn


July 2017

Chinese car maker SAIC and its India subsidiary—MG Motor India—and plans to have a fully-owned car plant to commence India operations in 2019
http://www.livemint.com/Industry/8KdktKd1wsojw3amh68JrI/Chinas-SAIC-to-commence-India-operations-in-2019.html

Kia Motors, South Korea is setting up plan in Andhra Pradesh to manufacture 3 lakh cars per annum. Land allotted for the project.
Kia Motors Project in Andhra Pradesh


8 May  2016


#WeRequestModiGovt  Start one PSU in every state with Rs. 1000 crore. It will be good Make in India initiative.  http://guide-india.blogspot.in/2014/09/make-in-india-campaign-by-prime-minster.html
https://twitter.com/knoltweet/status/729175492717219840

13 February 2016

Prime Minister’s Speech at Inauguration of Make in India Week, Mumbai
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Bharatiya Janata Party upload

Full text of   Prime Minister’s Speech at Inauguration of Make in India Week, Mumbai



5 January 2016

PM interacted with Global Oil and Gas experts about Indian issues
http://www.narendramodi.in/pm-s-interaction-with-global-oil-and-gas-experts-398450



30 October 2015
Once a month, Modi steps in to get stalled projects rolling
http://www.hindustantimes.com/india/once-a-month-modi-steps-in-to-revive-stalled-projects/story-oKaj8zEBLswKWGj5Xdqi3N.html

25 Sep 2015
Make in India - One Year Report Card
http://www.dnaindia.com/money/report-pm-modi-s-make-in-india-turns-one-all-you-need-to-know-about-the-initiative-2128448

24 Sep 2015
PM Narendra Modi's Round Table Meeting with Financial Sector CEOs of American on 24 Sep 2015
http://www.narendramodi.in/pm-s-roundtable-meeting-with-financial-sector-ceos-320644

Making a strong pitch for increased investment in various sectors in India, the Prime Minister outlined his vision for “Start-Up India, Stand-Up India.” He said that along with the public sector and private sector, he was laying emphasis to individual start-ups and entrepreneurs – whom he referred to as the “personal sector.” He said start-ups and innovation had been at the heart of the IT revolution.

The Prime Minister mentioned some specific sectors where there was great scope for innovative solutions in India, including insurance products for the agriculture sector and the health sector. He mentioned defence manufacturing, electronic goods manufacturing, renewable energy equipment, railways and metros, Clean India and Digital India as sectors where immense potential existed for investment. He said 50 million new houses by 2022, broadband connectivity for 600,000 villages, doubling of railway capacity and 175 Gigawatts of renewable energy generation were some of the concrete targets his Government had set, which created huge investment opportunities.


Finance Minister Arun Jaitley's address at India Economic Convention 17 Sep 2015

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Prime Minister addresses number of meetings and meets number of industrialists promoting Make in India Campaign in West Germany in April 2015.

He stated with conviction in Germany:

Make in India is not a brand. Nor is it simply a slogan on a smart lion! It is a new national movement


And, it covers the whole spectrum of our government, society and business. To this informed audience, I hardly need to state the obvious: Our scale of transformation is vast; therefore, the opportunities we offer are huge. 



Picture source: http://pib.nic.in/photo/2015/Apr/l2015041364251.jpg
The Prime Minister, Shri Narendra Modi and the German Chancellor, Ms. Angela Merkel at the Joint Inauguration of the India Pavilion and the Joint Walk-About Make in India, in Hannover, Germany on April 13, 2015. The Minister of State for Commerce & Industry (Independent Charge), Smt. Nirmala Sitharaman is also seen.
PM Naredra Modi's Speeches in Germany - April 2015


Updated Information on Various Manufacturing Industries - Opportunities in India

Air Crafts and Airports - Automobiles - Automobile components - Biotechnology
Chemicals  - Construction
Electrical MachineryElectronic items
Renewable Energy Equipment and Power Projects
Steel


For every industry sector, the latest vision statements of Government as well as private organizations are being collected and included for facilitating assessment of demand for various products related to the industry. While entrepreneurs set up the production and service facilities, many intellectuals have to analyze the data and information to come out with favourable conclusions to give that confidence to the entrepreneurs that projects will have expected profit. Make in India needs the support of every Indian.  Politician - Government employee - Pubic sector employee - Scientist - Engineer and Technologist - Banker - Journalist - Teacher - Professor - Businessman - Student - Private sector employee - Wholesaler - Retailer -Media person - NGO
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Background


Shri Narendra Modi in his independence day address on 15 August 2014 gave a call for Make in India to all entrepreneurs of the world.

The campaign is going to be more formally launched on 25 September 2014 by the Prime Minister in New Delhi along with functions in various states.

Make in India Campaign Programme on 25 September 2014


Prime Minister Launching Website MakeinIndia.com
Source for the picture: PIB.nic.in Photos


Full Speech of the Prime Minister in Hindi - Text and Video




The Prime Minister Shri Narendra Modi will launch “Make in India”, as per the following details:

Venue:       Vigyan Bhawan, New Delhi
Date:          Thursday, September 25, 2014
Time:         1000 hrs


Shri Arun Jaitley, Union Minister for Finance, Defence & Corporate Affairs and Smt. Nirmala Sitharaman, MoS (IC) for Commerce & Industry and MoS for Finance & Corporate Affairs will be the Guests of Honour in the launch.

http://pib.nic.in/newsite/invitation.aspx


Press Release in Detail

Prime Minister to Launch ‘Make in India’ Initiative

Prime Minister Shri Narendra Modi will launch “Make in India” initiative on 25th September 2014 from Vigyan Bhawan in New Delhi. The launch will be at both national level, state level and in Missions abroad. The ‘Make in India’ initiative has its origin in the Prime Minister’s Independence Day speech where he gave a clarion call to ‘Make in India’ and ‘Zero Defect; Zero Effect’ policy. State Governments, Business Chambers, Indian Missions aboard are playing an active role in the launch of the initiative.

The Government is committed to chart out a new path wherein business entities are extended red carpet welcome in a spirit of active cooperation. Invest India will act as the first reference point for guiding foreign investors on all aspects of regulatory and policy issues and to assist them in obtaining regulatory clearances. The Government is closely looking into all regulatory processes with a view to making them simple and reducing the burden of compliance on investors.

A dedicated cell has been created to answer queries from business entities through a newly created web portal (www.makeinindia.com). While an exhaustive set of FAQs on this portal will help the investor find instant answers to their general queries, the back-end support team of the cell would be answering specific queries within 72 hours. A pro-active approach will be deployed to track visitors for their geographical location, interest and real time user behaviour. Subsequent visits will be customised for the visitor based on the information collected. Visitors registered on the website or raising queries will be followed up with relevant information and newsletter. Investor facilitation cell will provide assistance to the foreign investors from the time of their arrival in the country to the time of their departure. The initiative will also target top companies across sectors in identified countries.

The ‘Make in India’ initiative also aims at identifying select domestic companies having leadership in innovation and new technology for turning them into global champions. The focus will be on promoting green and advanced manufacturing and helping these companies to become an important part of the global value chain.

The Government has identified 25 key sectors in which our country has the potential of becoming a world leader. The Prime Minister will be releasing separate brochures for these sectors along with a general brochure. The brochures covering sectors like automobiles, chemicals, IT, pharmaceuticals, textiles, ports, aviation, leather, tourism and hospitality, wellness, railways among others will provide details of growth drivers, investment opportunities, sector specific FDI and other policies and related agencies.

Since the new Government took over, a series of initiatives have been taken to revitalise the industrial sector in general and manufacturing sector in particular. To mention a few:

ü      The process of applying for Industrial License and Industrial Entrepreneur Memorandum has been made online on the e-Biz website 24*7;
ü      A vast number of Defence items have been de-licensed;
ü      The validity of Industrial license has been extended to three years;
ü      With a view to providing flexibility in working hours and increased intake of apprentices for on the job training, the Government has decided to amend a number of labour laws;
ü      An advisory  has been sent to all Departments/ State Governments to simplify and rationalize regulatory environment which includes:
         
·        on-line filing of all returns in a unified form;
·        no inspection without the approval of the Head of the Department, etc.

            Recently the Foreign Direct Investment policy has been liberalized. 100% FDI under automatic route has been permitted in construction, operation and maintenance in specified Rail Infrastructure projects; FDI in Defence liberalized from 26% to 49%. In cases of modernization of state-of-art proposals, FDI can go up to 100%; the norms for FDI in the Construction Development sector are being eased.

            The government is committed to improving the physical infrastructure. Development of dedicated freight corridors and investment in improving our ports and airports are underway. These corridors would house Industrial agglomerations along with smart cities. The private sector would be playing a significant role in these developmental works.

            For the manufacturing sector to take advantage of the improved physical infrastructure, the need for having a strong human capital is recognized. Government’s effort would be to equip the working age population with the right kinds of skill so that the manufacturing sector finds them employable. One of the first decisions that the new Government has taken is to set up a separate Department of Skill Development and Entrepreneurship.

Various prominent National and International industry leaders are likely to attend the programme to launch the campaign along with Ministers, senior officials, Ambassadors and opinion leaders.
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(Release ID :109953)
http://pib.nic.in/newsite/erelease.aspx


Make in India - India Economic Conclave Panel Discussion
December 2014
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ET Now Upload

Program in Andhra Pradesh by CII, Andhra Pradesh - 25 September 2014


This is to inform you that CII will be organizing sessions and live telecast of the launch of “Make in India” Campaign initiated by the Hon’ble Prime Minister of India. On 15th August 2014, Prime Minister of India invited Global Manufacturers to come and “Make in India” and sell it to the world with an aim to strike a balance between imports and exports and create jobs. The PM also advocated that “Make in India” must stand for quality products and encouraged domestic manufacturers to adopt a policy of “zero defect, zero effect” – make top of the line products with no ill effect on the environment.

To take the same forward, the Prime Minister is launching “Make in India” campaign on 25th Sept 2014 at Vigyan Bhawan, New Delhi.  In this regard, we will be organizing a Live Telecast of the ‘Make in India’ Campaign by the Hon’ble Prime Minister of India  on 25th September 2014

Prior to the Live Telecast,  CII is  organizing  an Interactive Sessions pertaining to manufacturing opportunities and prospects in Andhra Pradesh. The Session would discuss upon - Measures required to provide an impetus to industrialization and manufacturing in  Andhra Pradesh. and how it can be made an integral component of the “Make in India” campaign; Further Steps required to be undertaken at state level for improvement of Ease of Doing Business; Measures required for skill building; Measures required to make domestic companies to be part of the global value chain; Industrial Corridors, Other Actionables emerging from the address of the Hon’ble Prime Minister of India.

The Interactive Session and Launch of “MAKE IN INDIA “Campaign by the Prime Minister of India is scheduled on 25 September 2014 at 0900 hrs, Hotel The Gateway, MG Road, Vijayawada, Andhra Pradesh.


Aruna Mantena
[Executive Officer]
Confederation of Indian Industry
Andhra Pradesh
H. No. 1 - 11 - 252 / 9
Plot No. 7, Regal House
Motilal Nehru Nagar, Begumpet
Hyderabad-500016
Andhra Pradesh
India
Phone : +91-40-27765964 / 67 / 33
Fax :+91 40 27766116
Email : aruna.mantena@cii.in


Syam Prasad Eamani
[Executive Officer]
Confederation of Indian Industry
Andhra Pradesh
H. No. 1 - 11 - 252 / 9
Plot No. 7, Regal House
Motilal Nehru Nagar, Begumpet
Hyderabad-500016
Andhra Pradesh
India
Phone : +91-40-27765964 / 67 / 33
Fax :+91 40 27766116
Email : syam.prasad@cii.in



29 December 2014
National Workshop on Make in India at Vigyan Bhawan New Delhi
Prime Minister's Speech
http://www.narendramodi.in/pms-remarks-at-the-concluding-session-of-the-national-workshop-on-make-in-india/
Modi said culture of Government has to be

ROAD to success – “Responsibility. Ownership. Accountability. Discipline.”




He exhorted officers to follow the new culture


Updated: 17.3.2024,   22 July 2017,  8 May 2016,  13 Feb 2016, 6 Jan 2016,
13 April 2015,  22 Feb,  12 Feb 2015,
30 Dec 2014


Wednesday, August 22, 2018

StartupRajasthan - iStart Rajasthan




Vision India 2047

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https://istart.rajasthan.gov.in/


iStart Rajasthan is a flagship initiative by the Government of Rajasthan intended to foster innovation, create jobs and facilitate investment. The program aims to nurture innovation and entrepreneurship which would further help in the economic growth and development of the state. Through this initiative, the State Government intends to build an environment where there would be an easy access to knowledge exchange and funding.All applications are reviewed on a real time basis.The processing time subject to all documents being approved in 3 working days.In addition to this we also work towards providing the Q-Rate score card on real time basis, while the official processing time is 10 working days.


http://www.startupoasis.in/


Rajasthan setting up largest startup incubation hub in the country
Apr 19, 2018

Udaipur in Rajasthan is aiming to set up the biggest startup hub in the country with a capacity to accommodate 700 newcomers.

Tuesday, August 21, 2018

Resources for Startups in India - Finance, Marketing, Production, Land, Equipment and Human




Micro Startups



Mudra Finance


Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has created three products i.e. 'Shishu', 'Kishore' and ‘Tarun’ as per the stage of growth and funding needs of the beneficiary micro unit. These schemes cover loan amounts as below:

Shishu: covering loans up to ₹50,000
Kishore: covering loans above ₹50,000 and up to ₹5,00,000
Tarun: covering loans above ₹5,00,000 and up to ₹10,00,000


https://www.bankofbaroda.com/mudra-loan.htm

https://www.icicibank.com/Personal-Banking/loans/pradhan-mantri-mudra-yojana.page?#toptitle

https://www.mudra.org.in/


Ideas for Micro Startups



Building A Microstartup: A Published Project In A Month
PUBLISHED JULY 24, 2017
https://micropreneur.life/building-a-microstartup-project-in-a-month/


Building a Micro Startup Part 1: Deciding on a Product / Service
Spotting an opportunity, exploring ideas & choosing what to create
Posted by Captain Codeman in business on Jun 26, 2017
https://www.captaincodeman.com/2017/06/26/building-a-micro-startup-part-1-deciding-on-a-product-service

https://microstartups.org/



Small Business Startup


Calculate your startup costs
How much money will it take to start your small business?
https://www.sba.gov/business-guide/plan-your-business/calculate-your-startup-costs



From 2 founders to 1000 employees — how a small-scale startup grew into a global community
TransferWise
https://medium.com/transferwise-ideas/from-2-founders-to-1000-employees-how-a-small-scale-startup-grew-into-a-global-community-9f26371a551b



Medium Size Startup

https://www.startupindia.gov.in/

http://www.startup-india.org/


https://grow.google/startups/


https://inc42.com/startups/


Large Scale Startup

https://www.startupindia.gov.in/



https://www.startups.co/


USA Funding Sources



Where to Find Startup Business Loans for small and micro startups 2018

BENJAMIN PIMENTEL
January 2, 2018
https://www.nerdwallet.com/blog/small-business/start-up-business-loans-for-bad-credit/

Wednesday, February 7, 2018

10,000 Small Businesses - Growth Programme for Entrepreneurs and Executives



CSense Supports SMEs to Become Corporates!

CSense’ Vision & Strategy Support to SMEs
CSense Management Solutions
#406-D, Jalaram Park, LBS Marg,
Bhandup West, Mumbai - 400078
Phone: +91 9940624918
Fax: +91 9940624918

CSense Growth Workshop Booklet

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Nasscom 10,000 Startups Initiative

http://10000startups.com/

Small Business - India Definition



Investment in plant and machinery for Manufacturing


Small Enterprises - More than twenty five lakh rupees but does not exceed five crore rupees

Investment in Equipment for Service Enterprises


Small Enterprises -  More than  ten lakh rupees but does not exceed two crore rupees

http://www.dcmsme.gov.in/ssiindia/defination_msme.htm


One day programme  Saturday or  Sunday
100 participants per batch
Subsequent information through online.

Key decision maker with senior leadership role (i.e. CEO, COO, President, Executive responsible for business growth)
Business has operated for at least one year
Business employs at least 10 people
Annual revenue above Rs. 50 lakhs

India - 10,000 Small Businesses - Growth Programme Curriculum


Programme to be modeled on Goldman Sachs 10,000 Small Businesses Program

Orientation
You & Your Business
Growth and Opportunities
Money and Metrics
You Are the Leader
It's the People
Marketing and Selling
Operations and Processes
Being Bankable
Action for Growth

Module 1: You and Your Business
Identify growth goals for the business
The opening module will introduce small business owners to the program and the growth plan they will be working toward.  Participants will work with their peers identify opportunitis for growth.  The predictable and unpredictable problems associated with growing a business are discussed specific metrics  that are best for measuring a business's success are indicated.

Module 2: Growth and Opportunities.
Refine and articulate the business growth opportunity
Participants will identify sources of innovation for their businesses; developing, analyzing and understanding the competitive landscape for their businesses and industries are discussed. The issue of determining  if a new business concept is a "good idea" or a viable business opportunity is explored.

A hands-on session is conducted to help participants become more comfortable with the project feasibility report.

Module 3: Money and Metrics
Develop and forecast financial statements for growth
 In this module, the  assessment of a business's financial and operational realities when implementing the new investment project is the focus.


The red flags that lenders look during assessing the loan applications are highlighted.

Module 4: You are the Leader.
Develop and enhance leadership skills
In this module, the focus is on a better understanding of how  personal leadership style influences the team and business, and then identify opportunities to enhance or adjust leadership approach to achieve better business results.


Module 5: It's the People
Build and sustain a healthy organization
"It's the people" focuses on developing employees and building an organization that can both support growth and sustain the participant's values for their company.



Module 6: Marketing and Selling
Understand your customers' needs
Growth can only occur with a strong marketing and sales effort.  This module focuses on understanding customers' needs, target markets and the competition.  The focus will be on developing and executing an effective marketing plan.

Module 7: Operations and Processes
Implement effective processes, Increase operational efficiencies; Improve profitability
Processes are central to everything a business does.  In this module, the focus is on designing effective processes, improving their efficiency to improve profits on a continuous basis

Module 8: Being Bankable.
Financing growth
In this module, the focus is on the different types of financing available to small businesses.

Module 9: Action for Growth.
Sharing the growth plan
During this session of the 10,000 Small Businesses curriculum, participants will have the opportunity to present their growth plans and receive feedback from a panel business growth advisors and peers.


Goldman Sachs 10,000 Small Businesses Program - 

ARTICLES FOR SMALL BUSINESS OWNERS - BUSINESS GROWTH PROGRAM


http://www.goldmansachs.com/citizenship/10000-small-businesses/US/about-the-program/articles/index.html


Module 1: You and Your Business
Identify growth goals for the business


Module 2: Growth and Opportunities.

Identify Business Growth Opportunities and Develop Growth Plans

Refine and articulate the business growth opportunity


Marketing Strategy for Small  Business
Knud Jensen - Ryerson University, Canada
http://www.ryerson.ca/~kjensen/

Small Business Management in 21st Century
http://www.saylor.org/site/textbooks/Small%20Business%20Management%20in%20the%2021st%20Century.pdf

Business Growth Checklist for 2016
Podcast
http://caspodcast.com/2016/01/episode-24-business-growth-checklist-for-2016/

Small Business Growth Plans
Director Magazine UK
2015
http://www.director.co.uk/wp-content/uploads/2015/02/The-Small-Business-Growth-Plan.pdf


Growing Your Business - A Guide
http://www.summerland.ca/docs/default-source/development-services/business/growingyourbusiness.pdf?sfvrsn=2

Financing Growth - Small Business Guide - JP Morgan
https://www.jpmorganchase.com/corporate/Corporate-Responsibility/document/icic_jpmc_apr15_rprt_web.pdf

Business Growth Theories


Corporate Growth Strategy - Introduction and Bibliography
http://nraomtr.blogspot.com/2016/10/corporate-growth-strategy-introduction.html

Strategy for Growth in Mature Industries
http://nraomtr.blogspot.com/2016/10/strategy-for-growth-in-mature-industries.html

The Theory of the Growth of the Firm
http://nraomtr.blogspot.com/2016/10/the-theory-of-growth-of-firm.html

Module 3: Money and Metrics
Develop and forecast financial statements for growth

Module 4: You are the Leader.

Develop and enhance leadership skills


Why SME leaders need their own brand
4 NOV 2016
http://smallbusiness.co.uk/transparency-accountability-business-2534904/

Leadership matters

OCTOBER 18, 2016

Small business needs great, authentic leaders who are able to engage staff to achieve significant wins financially and, just as importantly, developing the businesses culture for success.
https://insidesmallbusiness.com.au/planning-management/leadership-matters

Module 7: Operations and Processes

Implement effective processes, Increase operational efficiencies; Improve profitability

The first one the responsibility of managers, the second one the special domain of industrial engineers.

Learn Industrial Engineering from  Industrial Engineering Knowledge Center http://nraoiekc.blogspot.com/


Increase Management Knowledge from Management Theory Review 

http://nraomtr.blogspot.com/

FROM SUPPLY CLOSETS TO MULTI-FACILITY WAREHOUSES: TODAY’S TOP SMB INVENTORY MANAGEMENT SOLUTIONS
http://www.smbceo.com/2016/11/04/top-smb-inventory-management-solutions/



About the Goldman Sachs 10000 Small Businesses Program


http://www.goldmansachs.com/citizenship/10000-small-businesses/US/about-the-program/impact-of-10ksb/


10,000 Women Entrepreneurs Program
http://www.isb.edu/10kwomen


Playlist of Videos
https://www.youtube.com/watch?v=xcA3uRugfxM&list=PLIyiGQywEp64jGas-SC2QWvnkAnJRvIhe




Grow Your Business - S.P. Jain Programme

State of Small Business in America - Panel Discussion July 2016
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Goldman Sachs Upload


Updated  2018 - 7 February 2018
 29 April 2017,  6 November 2016,  15 August 2016

Sunday, August 20, 2017

Appreciation, Awards, Recognition & Rewards for Entrepreneurs in India



August 21 - World Entrepreneurs’ Day



EY Entrepreneur Of The Year 2016 Awards on 24 Feb 2017


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EY India

The Finalists for the EY Entrepreneur Of The Year™ 2016 India Awards are:

Ram Gopal Agarwal, Chairman, Dhanuka Agritech
Vishwavir Ahuja, Managing Director and Chief Executive Officer, RBL Bank
Hari Mohan Bangur, Managing Director, Shree Cement
R Dinesh, Managing Director, TVS Logistics Services
Dr Abhay Firodia, Chairman, Force Motors
Ajit Isaac, Chairman and Managing Director, Quess Corp
Girish Mathrubootham, Founder and Chief Executive Officer, Freshdesk
Ravi Modi, Chairman and Managing Director, Vedant Fashions (Manyavar)
Vikas Oberoi, Chairman and Managing Director, Oberoi Realty
Darshan Patel, Chairman and Managing Director, Vini Cosmetics
M. P. Ramachandran, Chairman and Managing Director, Jyothy Laboratories
Vivek Chaand Sehgal, Chairman, Motherson Sumi Systems
Rashesh Shah, Chairman and Chief Executive Officer, Edelweiss Group
Uday Shankar, Chairman and Chief Executive Officer, Star India
Samprada Singh, Chairman Emeritus and Basudeo Narain Singh, Executive Chairman, Alkem Laboratories
Chandubhai Virani, Whole time Director, Balaji Wafers

Mr. Nandan Nilekani - Lifetime Achievement Award


The 17th EY Entrepreneur Of The Year 2015 Awards

February 2016
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Tuesday, January 10, 2017

Startup India - Entrepreneurial Training Online Program - Hindi and English



About Startup India Online Entrepreneurial Training  Program


Startup India Learning Program is a free online Entrepreneurship program by Startup India, a GOI initiative. Invest India in collaboration with UpGrad has developed this program. The aim is to help entrepreneurs get their ideas to the next level through structured learning. The program covers lessons on key areas of starting up by 40+ top founders of India in an extensive 4-Week Program.

Program is available in Hindi and English. Register online for free by visiting the web page

http://www.startupindia.gov.in/learning-development/


Key Program Features


Industry Insights
Learn about real-life successes and failures from top Indian entrepreneurs across domains


Certification
Receive an official Startup India and Invest India Certification


Language Option
Choose between Hindi or English as your medium of instruction


Networking & Mentoring
Interact with fellow Entrepreneurs in an interactive discussion forum


Business Plan
Get step by step insights in creating a Business Plan for your venture

Program Syllabus


IDEA VALIDATION

Idea Identification and Assessment
Identify your idea and assess it with respect to your potential customers and the market environment


FINANCE & LEGAL

Building a Legal Foundation
Define the right legal foundation for your company and explore fundamentals like Company Registration, Compliances, Patents etc.

Understanding Finance Basics
Understand the fundamentals of finance & accounting comprising of financial statements, break-even analysis etc.

Introduction to Business Planning
Learn how to build an effective Business Plan for your venture


PITCHING & FUNDING

Fundraising & Valuation
Understand an investor’s mindset on matters of company valuation, fundraising, equity dilution among other things

Pitching & Termsheets
Learn how to pitch your company to investors and identify the key focus areas in term sheets



#startupindia

twitter.com/startupindia


www.facebook.com/startupindia

Friday, September 9, 2016

RBI Master Direction - Lending to Micro, Small & Medium Enterprises (MSME) Sector

21 July 2016

Definition of Micro, Small and Medium Enterprises
(a) Manufacturing Enterprises i.e. Subject to the definition in MSMED Act, 2006, manufacturing enterprises would mean enterprises engaged in the manufacture or production of goods as specified below:
(i) A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh;
(ii) A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore; and
(iii) A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.
In case of the above enterprises, investment in plant and machinery is the original cost excluding land and building and the items specified by the Ministry of Small Scale Industries vide its notification No.S.O. 1722(E) dated October 5, 2006 (Annex I).
(b) Service Enterprises i.e. Enterprises engaged in providing or rendering of services and whose investment in equipment (original cost excluding land and building and furniture, fittings and other items not directly related to the service rendered or as may be notified under the MSMED Act, 2006) as specified below:
(i) A micro enterprise is an enterprise where the investment in equipment does not exceed Rs. 10 lakh;
(ii) A small enterprise is an enterprise where the investment in equipment is more than Rs.10 lakh but does not exceed Rs. 2 crore; and
(iii) A medium enterprise is an enterprise where the investment in equipment is more than Rs. 2 crore but does not exceed Rs. 5 crore.

https://www.rbi.org.in/scripts/BS_ViewMasDirections.aspx?id=10523

Thursday, September 8, 2016

Service Business Opportunity - Become Partner of Reliance Capital


8 September 2016

Reliance Capital, the financial services arm of Anil Ambani-led business conglomerate, is planning to double the number of its business partners to one million in the next 3 ot 5 years in 25,000 cities, towns and major villages. It is a good business opportunity for aspiring service business enterpreneurs

http://economictimes.indiatimes.com/industry/banking/finance/reliance-capital-to-expand-customer-base-to-50-million-anil-ambani/articleshow/54004507.cms


See where reliance advisors/partners are presently there.


https://www.reliancemutual.com/investor-services/customer-service/locate-an-advisor/

Saturday, July 30, 2016

Countercyclical Investment in PSUs in Manufacturing and Services - Option for Indian Government


A recent report on investment in India by HSBC pointed out that there is 21% increase in Government investment and -1.4% decrease in pvt. sector investment in India.  Private sector is shying away from investing. Even through government has increased investment, it has not started any public sector units. Government is totally against public sector investment in manufacturing and service sector businesses. But such a stance need not be taken  by the government. No doubt Indian society and polity moved away from the earlier economic policy that wanted public sector to have the commanding heights of the economy in India. Now such a stance is not needed. But Government can take up investment in Public sector units as countercyclic measure. When private sector is not investing and governments project planners have profitable projects, government can come forward and invest in PSUs. When economy is in boom and private sector is investing with enthusiasm government need not provide additional funds out of its budget to public sector for further investment. Only PSU units, who have surplus funds and good investment projects can be allowed to invest. Or they may be asked to pay dividends to government during good times. Government thus gets into investment in PSUs only as countercyclic investment policy.



Now, Government should investment Rs. 25,000 crores in new public sector units and start one PSU with Rs. 1000 crore equity in each state. This may employment to people at the rate of 4000 persons in every public sector unit in every state. This will create new townships having 6000 people on average and this may give rise employment to many more people to serve this size of population. This will kickstart economy in 25 places and many small scale units will come up. Government will earn goodwill from the people.

Government should not shy away from PSUs. Government involvement in economic activities is an age old practice in India. Chanakya wrote elaborately on King's economic activities in Artha Shastra.

Government will be able to know the likely malpractices that businessmen can resort to and also know the difficulties of businessmen by having its own PSUs. While we have moved away the old thinking of commanding heights of the economy being in the hands of PSUs, we still have to develop the competency to run our PSUs with adequate effectiveness and efficiency.

Rational public sector investment is needed.

If public sectors units cannot be planned and managed by Government to the extent they are required for a meaningful involvement in economic activity of the country, it is a failure of political and administrative wings of the Government.

Can Public Sectors Units be Closed?

Yes. When economic organizations are started there is a big risk of failure. If the failure materializes, the government is free to close the unit. Failure of business organizations is part of competitive business economy and government units also fail. Failure should not held against government. The specific errors committed can be identified and rectified in the future.

Failure of certain units should not mean Government has to run away from PSU investment. Every body needs to know that Tatas and Birlas have many failed businesses in the groups and many of them are closed. The arguments for reducing the size of PSU investment has won the day and served its useful purpose. Now the argument has to be in favour of Government reigniting growth  by finding investment opportunities and in manufacturing sector and investing in it to a minimum threshold level in depressed economy conditions.


Rational public sector investment is needed.

Closure of failed PSUs ok. But start new PSUs.

Start one PSU in every state each year with investment of Rs. 1000 cr in each.

Friday, July 22, 2016

State Bank of India - Business Correspondent and Business Facilitator - Business Opportunity



State Bank of India is appointing and using the services of business correspondents and business facilitators to increase the coverage of the Bank in rural areas as well as in urban areas. Other banks are also using the services of similar channel. This provides a startup opportunity to persons interested in proving financial services to people.

SBI has 66,000 customer services providers. It is in the process of revamping this channel by studying and improving the performance of these outlets.  SBI also has corporate banking correspondents.

Pay Point India is one such corporate service provider and it is planning appoint 3000 to 3500 CSPs.


Know more SBI Banking correspondents

BC arrangement - SBI Brief
https://www.sbi.co.in/portal/web/agriculture-banking/business-correspondent-bc-arrangement


Oxigen Financial Services - Advertisement for SBI CSPs
http://www.myoxigen.com/financial-services/sbi-kiosk.php

Report on Study of  business correspondents and business facilitators - 2011 Report
http://www.iibf.org.in/documents/reseach-report/Report-29.pdf


http://bcsbi.blogspot.in/2011/06/business-correspondents-engaged-by-sbi.html

Sunday, February 28, 2016

Entrepreneurship Marathon - Grow from Rs. 50 Lakh Equity to Rs. 50 Crore equity



My plan for the MBA/M.Tech Degree Holder  Enterprise

Grow from Rs. 50 Lakh Equity to RS. 50 Crore equity enterprise


I suggest to the MBA/M.Tech degree holders to work for at least 5 years after graduation and accumulate experience of dealing with customers, suppliers, associates and public agencies. Also plan to save about Rs. 10 lakhs.

Three friends or similarly thinking persons can come together and pool Rs. 30 Lakhs savings. Such a partnership would mean, their parents and relatives would invest around Rs, 20 lakhs into their business equity kitty. If that is not the case, they can go for equity sources like angel investors and venture capital firms.  Thus I would say, MBA enterpreneurs should look for Rs. 50 lakh equity project.

In the initial years, only one person can move into business full time.  If your business plan has 24% return on equity, it will give 12 lakhs as profit. But do not show it as profit. Give it as salary to the managing partner. Therefore, this project can easily provide income to the one managing the business.

In management accounts you can still show the profit and ask for more finance from equity and debt in the second year. Also three of the promoters can try and invest say Rs, 9 lakhs in the equity and ask for Rs. 6 lakhs from angel investors (angel investors can be parents and relatives also). This means in another three years approximately another 50 lakhs equity can be accumulated and one more partner can join the business. The cycle is repeated and the third partner joins the business after 3 more years. Once your equity is 1.5 crores, you can go for a public issue and get another Rs. 1.5 crore as additional equity.

Now if you are running your business successfully, you are into a growth path with big ideas. There are many enterpreneurs who have taken up projects of size more than 10 times that current projects. So when you reach Rs. 5 crore equity, you can think of Rs, 50 crore project. Now you have experience and valuable expertise.

Segment 2 of the $5 to $50 million growth ultra marathon. 7 rules that will help drive success!
https://www.linkedin.com/pulse/segment-2-5-50-million-growth-ultra-marathon-7-rules-help-calabrese



Multiple Founders - Related Reading


Ed Zimmerman: Why I Prefer Startups With Multiple Founders
Jul 25, 2013
http://blogs.wsj.com/accelerators/2013/07/25/ed-zimmerman-why-i-prefer-to-invest-in-startups-with-multiple-founders/


The advantages of working with six cofounders
NR Narayana Murthy
October 2015
http://economictimes.indiatimes.com/opinion/interviews/rising-trend-of-many-co-founders-for-a-startup-there-has-to-be-just-one-boss-says-narayana-murthy/articleshow/49210532.cms

Virtues of a large founding team: Why many digital ventures are starting up with many cofounders
By Rajiv Singh,  Oct 04, 2015
http://economictimes.indiatimes.com/small-biz/startups/virtues-of-a-large-founding-team-why-many-digital-ventures-are-starting-up-with-many-cofounders/articleshow/49210060.cms


Single Founders or Co-Founders?
June 18, 2014 by Ben Yoskovitz
http://www.instigatorblog.com/single-founders-or-co-founders/2014/06/18/

With multiple founders, it's time to define roles
JOHN WARRILLOW
Special to The Globe and Mail
Nov. 01, 2011
http://www.theglobeandmail.com/report-on-business/small-business/sb-managing/with-multiple-founders-its-time-to-define-roles/article4182406/


Seed Fund - Angel Investment - Micro Venture Capital - Related Reading


Micro Venture Capital Funds in India
http://guide-india.blogspot.com/2016/02/micro-venture-capital-funds-in-india.html

Insider's Guide to Silicon Valley's Investors
If you're raising VC funds, there's a lot you don't know. Trust me: I'm a serial entrepreneur who's been investing for a decade.   BY CINDY PADNOS, Founder, Illuminate Ventures
JUL 19, 2012
http://www.inc.com/cindy-padnos/insiders-guide-to-silicon-valley-investing-venture-capital.html


Financing for MSMEs - Eastern India Institutions
PWC Publication - 2013
https://www.pwc.in/assets/pdfs/publications/2013/msme.pdf


7 Seed-Stage Funding Sources That Might Finance Your Startup
MARTIN ZWILLING
Veteran startup mentor, executive, blogger, author, tech professional, and Angel investor.
SEPTEMBER 25, 2015
http://www.entrepreneur.com/article/250921

Startup Founder Compensation - Related Reading


Startup Founder Compensation: The Good, The Bad and The Irrelevant
http://onstartups.com/tabid/3339/bid/164/Startup-Founder-Compensation-The-Good-The-Bad-and-The-Irrelevant.aspx




updated  28 Feb 2016, 21 Feb 2016

Micro Venture Capital Funds in India

Micro venture capital consists of smaller seed investments, typically between $25K to $500K, in companies just started.  In the United States MVCs have become an important source of finance for startup companies.


Though there is a high probability that the majority of the startups will not survive long enough to reach a Series A round of funding, micro venture capital firms are willing to make the investment  because they believe that it requires only a few successful companies for them to see profitable returns.


In the United States, there are over 236 micro venture capital firms. Interesting examples of MVC investing include SV Angel, which had invested in Dropbox  and Lowercase Capital which had invested in Uber.

Indian Scene

Manishh Anand, chairman at Kroc Flint & Candler, a Bengaluru-based consulting firm focused on startups, recently launched a Rs 100-crore fund called Utilis Capital Advisors. It will invest about Rs 70 lakh to Rs 1.4 crore) each in about 25 technology startups.


Utilis is a micro venture capital fund willing to  cut cheques of $100,000 to $250,000— smaller than the startup investments by regular venture capital firms.

Micro venture funds like Utilis, Unicorn Ventures and Endiya Partners meet a crucial need, making the first institutional investment in a startup.



Some VC funds, too, have been treading into the micro venture investing space, Some  traditional early-stage, or seed-stage, investors such as Blume Ventures and Kae Capital are also entering micro fund stage.



In January, Sateesh Andra, former managing partner at Ventureast, launched Endiya Partners along with Ramesh Byrapaneni and Abhishek Srivastava, who were also from Ventureast.

Endiya, which has invested in foodtech startup Innerchef and analytics firm Hansel, has raised $15 million and expects to double its fund size this year.

Angel investments, or startup investments in India by wealthy individuals, leaped to 673 deals in 2015 from 360 in the year before.





 Mukul Singhal and Rohit Jain, the duo that led seed investments at Gurgaon-based venture capital firm SAIF Partners are into micro  micro venture capital.

Singhal and Jain,  aim to build a portfolio of up to 20 seed stage start-ups over a year.

Singhal, also a fairly prolific angel investor in his personal capacity.

Mumbai-based Unicorn India Ventures, co-founded by Anil Joshi, former president of angel investor group Mumbai Angels, garnered $6 million in the first close of its $22 million (Rs.150 crore) debut fund.

It aims to invest up to $200,000 in technology start-ups and has just announced its first investment in on-demand cab aggregator Roder.

Venture Catalysts, Mumbai,  is raising a Rs.100 crore (about $15 million) seed fund that will support its start-up incubation services.



A former Seedfund executive director Anand Lunia started  India Quotient more than four years ago. Lunia,

Investing at the seed stage has been done by mainstream venture capital firms such as SAIF, Sequoia Capital, Matrix Partners, Nexus Venture Partners and Helion Venture Partners also.




The existence of a robust micro venture capital industry is important and  necessary.

Orios Venture Partners, founded by prolific Mumbai-based angel investor Rehan Yar Khan, shifted gears. Compared to its $50 million debut fund which was targeted at seed-stage start-ups, it is now raising a $150 million fund that will invest across stages.

Bengaluru-based AngelPrime, backed by Palo Alto, California-based Social+Capital Partnership among others, rebranded itself as Prime Venture Partners when it raised a Rs.300 crore (about $47 million) second fund. It will continue to fund companies at the seed stage but will also participate in later, notably Series A rounds.

Blume Ventures, which is raising a $60 million second fund, was one of the most prolific seed-stage investors in the country about three years ago. In its new fund, however, up to 70% of the corpus will be reserved for later-stage funding rounds.


More information

http://usf.vc/get-funded/seed-capital-options-for-entrepreneurs-in-india/

http://smallb.sidbi.in/%20/fund-your-business%20/modes-financing%20/equity-support-risk-capital%20/venture-capital-msmes

http://www.livemint.com/Opinion/wRlKyWEnLplzr16sT6E91H/The-return-of-micro-venture-capital.html

http://economictimes.indiatimes.com/news/economy/finance/india-sees-resurgence-of-micro-venture-capital-funds-investors-focus-on-early-stage-investing/articleshow/51048109.cms


https://www.cordaid.org/en/partners/aavishkaar-india-micro-venture-capital-fund/


https://books.google.co.in/books?id=4LrLJzD9fS0C&pg=PT56#v=onepage&q&f=false


7 Seed-Stage Funding Sources That Might Finance Your Startup
MARTIN ZWILLING
Veteran startup mentor, executive, blogger, author, tech professional, and Angel investor.
SEPTEMBER 25, 2015
http://www.entrepreneur.com/article/250921

HeadStart Ventures on road to create Rs 25 cr Angel Fund
Jun 28, 2010
http://in.reuters.com/article/idINIndia-49714820100628




Issues Related to Promoting Micro Venture Capital

The “New” Venture Capital Cycle and the Role of Governments: The Emergence of Collaborative Funding Models and Platforms
J.A. McCahery, E.P.M. Vermeulen
2014
DSF Policy Paper, No. 43
http://www.dsf.nl/wp-content/uploads/2014/10/DSF-Policy-Paper-No-43-The-%E2%80%9CNew%E2%80%9D-Venture-Capital-Cycle-and-the-Role-of-Governments.pdf


Start-up finance The role of Micro Funds in the financing of new technology-based firms
NESTA 2009 Report

Micro Funds are increasingly prominent players in the early stage equity investment
environment, a prominence reflecting increasing government sponsorship. This research
seeks to characterise the Micro Fund investment experience for both fund and portfolio
firms by addressing the following research questions:
1. What is the Micro Fund investment model?
2. What has been the experience of the new technology-based firms?
3. What role does Micro Fund investing play in their financial pathways and why?
4. Is government sponsorship of these funds a suitable method of new technology-based
firm support?
Below we summarise the results of our research and our policy recommendations. Whilst the
development of precise policy instruments was beyond the scope of this study, we identify
below what those instruments should be designed to achieve.
Definition of Micro Funds
Micro Funds are small venture capital funds worth £30 million in total or less, investing
less than £2 million in total (including follow-up investments) into each of their portfolio
companies.
https://www.nesta.org.uk/sites/default/files/micro_funds.pdf


Saturday, January 2, 2016

Become an E Commerce Vendor from Any Place in India




Become E Commerce Vendor from any Village in India

Digital India project is going to connect every village to Internet. You can use internet and book sales order from anybody in India and even from people abroad. The supply chains are improving. Therefore you can despatch your product to anywhere in India and also to anywhere in the world.

There many established online retailing sites in India. You can be an authorised seller and vendor on it and that option provides credibility and orders. In E Commerce, you can offer discounts at various times in a week or month and hence can use pricing as  a tool to improve your capacity utlization.

You are likely to get a district level consultant who can help to set up the facility on the sites of established retailers. Do some google search to find out the E Commerce facilitators in your district and contact them.


Community Service Center will become E-Commerce Facilitators in Villages of India


_____________________

_____________________

CSC SPV


http://www.governancenow.com/news/regular-story/csc-future-bright-present-bit-tight
August 2013

http://csc.gov.in/new_newsletter/csc_newsletter_other_news_27jan_15.html
27 Jan 2015

village-level entrepreneur (VLE)  of CSC


E-commerce industry likely to be worth $38 bn by 2016: Assocham - The Economic Times





Digital Product Idea Development

http://digitalproductblueprintaccess.com/launch-site2/how-to-find-your-big-idea

Saturday, October 31, 2015

Design Can be a Big Business Opportunity in E Commerce World




Yes. You can create designs of various items like furniture, apparel, jewellery, gift items, travel accessories, writing instruments, stationery, plastic products, and sell these designs to interested manufacturers anywhere in India through E Commerce sites. In turn, the manufacturers sell the items manufactured giving credit to the designer. The designer has an agreement with online retail sites to sell items conforming to his designs. This means, designers created brands for their designs.

The designs can be approved by design agencies and they can conform to ISI Standards.

Designs can sold to interested manufacturers through district level E Commerce vendor developers.

http://www.huffingtonpost.com/renee-blodgett/the-increasing-importance-of-design_b_4271742.html


http://www.wired.com/2015/03/take-expert-design-important-ever/


http://www.beautypackaging.com/contents/view_breaking-news/2014-05-20/making-sense-of-packagings-role-in-e-commerce


http://www.creativebloq.com/career/sell-design-online-912746


http://patternobserver.com/business-selling-textile-designs-prints/


http://smallbusiness.chron.com/sell-graphic-designs-small-businesses-61749.html

District Level E Commerce Vendor Facilitator - A Business Opportunity in E Commerce World



E commerce websites provide an opportunity for  skilled persons any where in the country to become vendors of the site and have the entire India and even globe as their market place. According to my estimate, around 10,000 firms from each district in India have the opportunity of becoming a vendor on E commerce site in the first major phase of E commerce expansion in India. But how does the evolution come about. There is role for E Commerce Vendor facilitators as district level to provide the initial information to the potential vendors and handhold him to become a registered vendor on an online retail site and supply his goods and get money. From then on there is management consultancy opportunity to grow the business. The vendor can register for more sites and the facilitator can help him in the process.

This is an interesting opportunity to help entrepreneurs and create new entrepreneurs.

What is the business Opportunity. Let us start with an estimate of Rs 15 lakhs manufacturing cost for the vendor firms and 10,000 firms will have total Rs. 1500 crores as manufacturing cost.  So one can think of one time consultancy fee of Rs 100 crores and around Rs. 15 crores every year as income. On a 10 year basis the total come to Rs. 250 crores. It means an annual income of Rs. 25 crore.


Assume that 10 consultants succeed in this service segment, So you have Rs. 2,5 crore per year business opportunity. Go ahead and try your hand.

30 December 2015

Ecommerce facilitation by enet in Karnataka

http://www.thehindu.com/todays-paper/tp-national/ecommerce-becomes-popular-in-this-karnataka-village/article8035254.ece

Related Opportunity



District Level Quality Inspection and Control Opportunity - E Commerce Vendor Quality Assurance Opportunity


http://www.rediff.com/business/special/special-how-small-entrepreneurs-are-making-it-big-on-flipkart-amazon/20140828.htm

http://www.dickssportinggoods.jobs/jobs/description/vendor-direct-analyst-ecommerce-pittsburgh-pa-job-5080315


http://www.biz2credit.in/blog/2015/08/03/5-ways-in-which-e-commerce-category-managers-can-attract-more-vendors/

http://www.bizbrain.org/faq/what-is-an-e-commerce-vendor/

http://www.obandigital.com/gb/blog/2015/05/03/india-a-land-of-e-commerce-opportunities-for-retailers/



Digital Product Idea Development

http://digitalproductblueprintaccess.com/launch-site2/how-to-find-your-big-idea

District Level Quality Inspection and Control Opportunity - E Commerce Vendor Quality Assurance Opportunity



E commerce in China has 80 lakh vendors. In India also there is scope for developing such a vendor base. Every district in India can have a vendor base of 10,000 firms supplying or selling goods and services through online retail sites Amazon, Flip Cart, Snap Deal etc. But these vendors need to be certified, checked for quality for a certain number of initial transactions and then subjected to statistical quality control checks.

http://www.bizbrain.org/faq/what-is-an-e-commerce-vendor/



Hence there is self employment opportunity of persons interesting in setting up firms that take up quality certification and assurance services at district level for large number of vendors.

What is the size of business?

Each E commerce vendor is expected to sell goods whose manufacturing cost is equal to Rs. 15 lakhs. When we multiply it by 10,000 vendors per district the total for a district comes to Rs. 1500 crores. The quality control service fee is a part of it. If we take the fee as one percent the total business opportunity is Rs. 15 crores. If we think 5 firms will establish themselves in this business each firm can have business to the tune of Rs. 3 crore per year.




http://www.rediff.com/business/special/special-how-small-entrepreneurs-are-making-it-big-on-flipkart-amazon/20140828.htm



http://www.obandigital.com/gb/blog/2015/05/03/india-a-land-of-e-commerce-opportunities-for-retailers/

Thursday, February 26, 2015

The Economic Times India Entrepreneurship Summit 2015 - News and Analysis



A point was made that 16 lakh students are graduating every year Only 10 percent are showing interest in entrepreneurship.  Some laments this state of affairs. Is it a cause for worry?

According to me it is not. What is important is the environment provided by the society to the 1.6 lakh students who want to be entrepreneurs. Instead of celebrating the fact that 1.6 lakh students are willing to become entrepreneurs and making efforts to make them successful, we spend money to promote more entrepreneurship and then make 80% of them failures.

Promoters of entrepreneurship have to change their thinking.

Report in Economic Times dated 27 Feb 2015

Friday, January 16, 2015

Venture Capital Fund for Scheduled Castes



Venture Capital Fund for Scheduled Castes is being set up by IFCI under SEBI Venture Capital Funds Rules. Government of India contributes initially Rs. 200 crore to the fund. Additional subscriptions will be made in future budgets.

To promote entrepreneurship among Scheduled Castes in India

Risk Capital up to Rs. 15 Crores through:

(a) Equity  &  (b) Equity linked debt instruments.
It is a Government of Initiative

Investment Manager

IFCI Venture Capital Funds Limited

Email: funds@ifciventure.com

http://www.ifciventure.com/Venture%20Capital%20Fund%20For%20Scheduled%20Castes

The Fund was inaugurated on 16 January 2015




Source: http://pib.nic.in/photo//2015/Jan/l2015011661208.jpg

The Minister of State for Social Justice & Empowerment, Shri Vijay Sampla addressing at the launch of the Venture Capital Fund for Scheduled Castes, in New Delhi on January 16, 2015. The Union Minister for Social Justice and Empowerment, Shri Thaawar Chand Gehlot, the Minister of State for Social Justice & Empowerment, Shri Krishan Pal and the Secretary, Social Justice & Empowerment, Shri Sudhir Bhargava are also seen.



Terms for Providing Equity Finance + Project Finance


1. Purpose of the Scheme ; To provide concessional finance to SC Entrepreneurs.
2. Investment focus Investments in projects / units being set up in manufacturing and
services sector ensuring asset creation out of the funds deployed.
3. Nature of Financial Assistance
1. Equity/ Optionally/ Compulsorily convertible preference shares
(maximum up to 25% of the corpus);
2. Equity linked debt instruments such as:
 Compulsorily convertible debentures;
 Optionally convertible debentures;
 Non-Convertible debentures, etc;
3. Debt / Subordinate Loans;
4. Tenure of Financial Assistance: Up to 6 years in a company.

5. Moratorium on Principal
On case to case basis but not more than 36 months from the date of investment. Interest payment shall commence from date of investment in the company at a regular interval determined by the
Investment Committee (defined at Sr. No. 13).
6. Investment Size:  Rs. 0.50 Crore to Rs. 15 Crore. Aggregate assistance not more than
two times the current net worth of the company
7. Expected Returns through Investment
- Equity instruments may yield returns at 15% p.a.
- Debt/Convertible Instruments may carry returns at 10% p.a.
8. Funding Pattern Investment under the fund will be categorised as follows:
1. Financial assistance upto Rs 5 Crore - Investment under this category shall be funded maximum upto 75% of the project cost and the balance 25% of the project cost will be funded by the
promoters;
2. Financial assistance above Rs. 5 Crore –
a. Investment under this category shall be funded maximum upto 50% of the project cost. At least 25% of the project cost has to be financed by bank/other institutions. Balance 25% of the project cost will be funded by the promoters.
b. The proposals forwarded by Banks or other financial institutions with sanction of 25% of the total project shall be considered. In this case, the projects shall have to be compulsorily appraised by the Banks or other financial institutions.
9. Exit Mechanism - Exit through payments out of operations, buyback/ redemptions by
promoters / companies, strategic investments, listing at Stock Exchanges or any other exit process.
10. Security The following securities may be envisaged during the investment:
 The assets of the project being funded/ assisted under the
scheme shall be charged for security. The project assets will
include land, building, plant & machinery and rights on licenses/
patents.
 Pari-pasu charge on assets with the Banks/FIs in case of the
companies applying for assistance of more than Rs. 5 Crore.
 2nd charge of the assets created out of the investment where the
1st charge in held by the Bank/FIs.
 In addition to the charge on assets, post-dated cheques and promissory notes shall be taken.
 Personal guarantees of the promoters along with buyback agreement shall be entered.
 Pledge of Shares held by promoters and forming atleast 26% stake and upto 51% of the Issued and Paid up capital shall be taken. However, the percentage of pledged shares would be decided on case to case basis.
 In case no mortgage is available, the borrower may arrange collateral and corporate guarantees from family / friends / associates / group companies.
11. Time limit for completion of the project
a. The time for completion of the project would be as envisaged at the sanction stage, subject to maximum of 24 months period from the date of disbursement of the first instalment of
assistance under the scheme which may be extended by a further period of 3 months, if reasons for delay are considered justified by the AMC.
b. In case of non-compliance to the implementation schedule, the further balance disbursements of sanctioned amount would be subject to approval by Investment Committee.
12. Selection process  Any Proposal under the Scheme shall pass through two Committees and four stages:
a. Screening Committee (Preliminary Stage): The proposals shall be put up before the screening committee for initial analysis to see whether the proposals are meeting the Eligibility Criteria & Preliminary Appraisal Parameters as mentioned in SCHEDULE I. After the clearance by the
screening committee, the proposal shall be taken up for detailed appraisal, negotiations and structuring.
b. Investment Committee (Final Stage):
 The detailed proposal as mentioned in SCHEDULE II
prepared by the AMC shall be considered by the
Investment Committee for sanction in case of eligible
proposals.
 The proposals appraised by the financing Bankers/FIs
may also submit their appraised proposal for references
to AMC.
 The quantum of assistance shall be decided by this
committee.
c. Legal Documentation Stage: After the sanction by the
Investment Committee, Letter of Intent along with the terms
and conditions of sanction shall be issued to the investee
company. The necessary legal documentations shall be
prepared and executed by the AMC.
d. Disbursement Stage: After the completion of above
process the disbursement shall be made as per the terms and
conditions of the sanction. The disbursement to the investee
companies would be in tranches. For Companies with
sanctioned assistance of above Rs. 5 Crore, the money
released by the fund would be in proportion to the loan
tranche released by the Bank.
 The Screening Committee shall meet on monthly/regular basis to analyse the proposals received.
13. Screening
Committee /
Investment
Committee
 Investment Committee / Screening Committee shall consist of representatives nominated by NSFDC, IFCI/IFCI Venture and one expert from outside having sufficient experience.
 None of the representative nominated in the screening committee shall be the representative at Investment Committee.
14. Monitoring Periodic visits, inspection shall be carried out by the official of the AMC. The officials of AMC shall also be Nominee Directors on the board of these companies.
15. Alterations On case to case basis, the above conditions terms/structure may vary, may get modified /amended from time to time.
The scheme is catering to various territories, the scheme can be modified, reviewed after 6 months to 1 year.



IFCI Venture Capital Funds Ltd- Documents to be Submitted by the Venture for Due Diligence 


I. Statutory documents of company
a) Organization chart
b) Company contracts
(ownership/rental/debt/consultancy/warranty/supplier/client/representation)
c) Shareholding pattern
d) Information on subsidiaries/branch offices
e) JVs, collaborations, tie-ups
f) MOA, AOA
g) Certificate of registration
h) certificate of commencement of business
i) latest telephone bill of company
II. Market & Competition
a) Product description
b) Technology
c) Market/Industry analysis
d) Competition analysis
e) Clients
f) Marketing strategy, distribution network, organization of sales efforts, sales statistics
III. Business model & Strategy
a) Target-performance comparison & evaluation
b) Company profile/ history/ business model & business divisions
c) Sourcing/ purchasing (raw material) , supplier information
d) Product process, R&D activities, subcontractors
e) Export rate, quoted currency, currency risk
IV. Management & Organization
a) Management /board profile & remuneration/ contracts
b) Directors board profile/ Promoters’ Background & Remuneration/ Dependencies/
contracts, PAN No. of promoters, identification proof, IT returns of promoters for
past 3 years.
c) Mindset/ team dynamics
d) Corporate governance, MIS
e) Controlling, internal reporting
f) Project Management, Product management, employee Involvement
(TQM/TPM/CIP)
g) Risk management & Mitigation plans/ Quality Standards


h) Equity, corporate actions, dormant partners
V. Annual reports & Financial Data
a) Accounting software, flowcharts, processes for liquidity planning, depreciation
method & process tools
b) Annual Reports of last 3 yrs including group companies
c) Assets schedule, depreciation intangible assets
d) IP rights, licenses, NDA, disputes
e) Property rights, major assets
f) List of debtors, volume of debt, credit ratings
g) Cash pooling agreements
h) List of accruals, pension liabilities
i) P&L- statement (re-products, clients, business units, regions)
j) Activity Based Costing/ Management (ABC/M)
k) Contingent Liabilities
l) Revaluation of Land, If any
m) Dividends paid
n) Basis of valuation
o) Internal audit reports
VI. Business Plan review
a) Projected Financial plan (P&L, balance sheet, cash flow)
b) Sales plan (products, markets)
c) Product plan
d) HR plan
e) Investment plan
f) Liquidity plan
g) Other, underlying assumptions
h) Time frame for funds mobilization and utilization.
VII. Workforce & Employee Benefits
a) List of employees & remuneration
b) Detailed list of employees with highest level of earnings
c) List of employees with access to company accounts
d) HR contracts
e) Employee benefits programs & costs
f) Downsizing measures of previous yrs
VIII. Others
a) Suppliers, Partners, MOU if any, exclusive rights etc.
b) Insurances
c) Product liability
d) Environment issues/ Pollution level
e) Communication with authorities
f) Important Business Developments
g) Legal disputes/ Allegation/ Charges against company/promoters if any
h) Land lease papers
i) Undertakings on the ongoing legal suits , if any or not
j) Contact references of two people/clients using same technology
k) Any other information, if any
IX. Accounts Inspection
1. System of Accounting (Manually, Tally, SAP etc.).
2. CA Certificate for sources and utilization of funds.
3. Check source/ receipt of funds with bank statement and books of accounts.
4. Receipt of Share application money with bank statement and ledger/ CA
certificate.
5. Share capital accounts (Ledger) to check with Minute book/ROC return and
check share register.
6. Sanction and disbursement of loan: from letter of intent of institution/bank and
disbursement with bank statement/CA certificate.
7. Bank Reconciliation statement.
8. Check cash payment systems.
9. Loan from promoters: secured or not secured.
10. Any other major receipt in the books of accounts.

11. Expenses on land: source, if paid in cash or in lieu of share capital, if share
capital whether share allotted or otherwise.
12. Expenses on land development, expenses on building, boundary wall, road, etc.
13. Paid in advance or in full for purchase of plant & Machinery.
14. Expenses from 9 to 11 to verify from bills/invoices/purchase orders and
payment to verify from books of accounts/bank statement including for
purchases of fixed/moveable assets.
15. Fixed assets Register to verify/check entries for fixed assets.
16. Check preoperative expenses from ledgers, bank statements, vouchers,
supports,
17. Insurance cover for all fixed/moveable assets.
18. Check deduction and payment of all statutory dues, Returns (Income Tax for 3
years, PF, ROC, VAT, Service Tax etc.) (Take a certificate from Company).
19. Internal audit report if available.
20. Balance Sheets of 2/3 previous years, if available.
21. Appointments of Board of Director (for payment of salary/perks to MD, Whole
time Directors).
22. Contingent liabilities, Guarantee given by the company.
23. Suits filed by the company and against the company and Director.

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