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Tips list -  Business

  •    Financial Assistance
  • Financial Assistance

  • Which are the agencies providing financial assistance for starting and running Small Enterprise? Ans: Financial assistance is available from institutions such as Tamilnadu Industrial Investment Corporation (TIIC), Nationalised Banks, Small Industries Development Bank of India (SIDBI), Regional Rural Banks, National Small Industries Corporation (NSIC), etc. depending upon the project requirement and promoters background. Financial assistan.......

  •    Suitable source of Funding
  • Suitable source of Funding

  • How to choose the most suitable source of funding? Answer: Any of the financial institutions can be approached to get funds keeping in view their specific schemes. Evaluate and compare the terms and conditions, including rate of interest and repayment period of loan offered by the different financial institutions. Select the financial institution, which offers funds at minimum interest rate as per your repayment plan to suit your project........

  •    Intial Investment
  • Intial Investment

  • How much money the entrepreneur is required to invest out of his own resources? Answer: Some portion of total investment has to be contributed by the Entrepreneur out of own sources. This is called margin money. Financial Institutions insist on 10 to 25 percent margin money depending upon the category of the entrepreneur, risk factor and existing scheme under which the project will be financed. .......