Category: Finance

Calendar, Finance, Networking, News

Conference on role of Venture Capital in Financial Inclusion

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APEX’10 Summit to Discuss Role of Venture Capital in Financial Inclusion

The Venture Intelligence APEX ’10 Private Equity & Venture Capital Summit, scheduled for February 3-4 at Mumbai, is to feature a high power panel discussion on the role of Private Equity and Venture Capital in Financial Inclusion.

Industry speakers on the panel include:

• Padmaja Gangireddy, MD, Spandana
• V.P Nandakumar, Chairman, Manappuram General Finance
• Madhusudan Menon, Chairman, Micro Housing Finance Corp.

Benefits of Participating at APEX:
• Face-to-face interaction with leading Private Equity / Venture Capital investors.
• Learn from leading PE/VC backed entrepreneurs on their experience with raising funding.
• Networking with other entrepreneurs and leading intermediaries who assist in fund raising.
• Opportunity to be part of the ‘Company Showcase’ manual which will be mailed/distributed to leading PE/VC firms, Consultants & Investment Banks.

For participation details, email info@ventureintelligence.in or +91-44-45534303

More information about APEX ’10 is available at http://ventureintelligence.in/ev040210.htm

Finance, Motivations, Networking, News

Goldman Sachs pledges $500m. to develop entrepreneurs

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THE CHRONICLE OF PHILANTROPHY

By Ian Wilhelm 17 November 2009 – The investment bank Goldman Sachs has pledged $500-million to help develop small businesses and train entrepreneurs across the country. In addition, the New York company has recruited a high-profile team of advisers, including financier Warren Buffett, to guide the philanthropic effort. …….. the company says the small-business program has been in development for almost a year and is modeled after its 10,000 Women Initiative, which helps educate female entrepreneurs in 18 countries.   As part of the new effort, Goldman will provide $300-million in grants and loans to nonprofit groups, known as community-development financial institutions, that provide capital and noncash-assistance to businesses in neighborhoods often not served by banks. (…)   The rest of the massive commitment will support scholarships for small-business owners to attend classes at community colleges, universities, and other educational institutions.   http://philanthropy.com/news/updates/index.php?id=10199

For more details on the program – Click Here

Finance, News

Making profits from poverty ?

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Micro-finance institutions on a looting spree: making profits from poverty

Poverty has literally become a big and organised business. If you are educated, and looking for a profitable business enterprise, and more so if you are a non-resident Indian and want to translocate to India and still make millions, micro-finance offers you the right avenue.

There can be no better business opportunity than starting a micro-finance institution with assured returns and 100 per cent loan recovery. You can even think of trading on the stock exchange after a couple of years. And still more importantly, you can hold your head high and claim that you are helping the poor to come out of the poverty trap. You don’t have to feel ashamed and morally guilty. The elite in the society have knowingly (or unknowingly) given you a license to loot.

Click Here to read more from Devinder Sharma’s blog – an interesting and well stated point of view

Finance, Marketing, News, Portals, Resources

National Small Industries Corporation Ltd.

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NSIC has now emerged as one of the key players for the promotion and development of Micro and Small Enterprises in the country. We had laid certain goals and objectives for the company and looking back after almost two years since then, we can derive some satisfaction that the company has been able to tread the path of development. It has not only achieved a turn around in its profitability, but has also reached out to a larger number of Micro and Small Enterprises for providing its services.

At the national level, NSIC was conferred the “Corporate Excellence Award” by Amity International Business School during the year 2006-07 thus, acknowledging the turnaround in overall performance and quality of service delivery. Institute of Economics Studies- New Delhi conferred the ‘Udyog Rattan Award’ and ‘Excellence Award’ to NSIC for outstanding performance in the field of industrial development of the country. For participating in the India International Trade Fair organized by India Trade Promotion Organization (ITPO), NSIC was given the award for ‘Best Display in Theme Category’.

Click Here to visit the NSIC Portal for Schemes, Tenders, Marketing and Technical Inputs and much more

Finance, People / Stories, Social Entrepreneurship

Small Fortunes

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Small Fortunes: Microcredit and the Future of Poverty Millions of the world’ s poorest – mostly women –  who are unable to provide the necessary collateral to secure a traditional loan are turning to microcredit institutions for help. These institutions give ” micro” loans, often for less than $100, to those for whom the entrepreneurial spirit is still in its purest, most basic form. Whether it’ s through milking a buffalo, selling tortillas, or weaving cloth, most borrowers are able to pay back their loans and have enough profits to reinvest in their businesses, their homes, and their children. Produced by award-winning filmmakers Sterling Van Wagenen and Matt Whitaker, Small Fortunes explores the issues of poverty and microcredit as it features interviews with numerous recipients of small loans in locales ranging from India to the Philippines to New York City.

Click Here For the Video ………

Finance

SIDBI

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To empower the Micro, Small and Medium Enterprises (MSME) sidbi_logo_englishsector with a view to contributing to the process of economic growth, employment generation and balanced regional development

SIDBI is  a very useful source of Funds for Micro, Small and Medium Enterprises. A visit to their website (www.sidbi.in) shows many ways in which SIDBI could assist New Entrepreneurs, Existing Entrepreneurs, Women Entrepreneurs with Direct Finance, Refinance, International Finance, Working Capital Finance, by way of Loans or Equity or a combination of both !  There would be no minimum limits and even cases from Rs. 5 lakhs onwards would be considered.

Finance

Credit Guarantee Fund Trust for Micro and Small Enterprises

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Availability of bank credit without the hassles of collaterals / third party guarantees would be a major source of support to the first generation entrepreneurs to realise their dream of setting up a unit of their own Micro and Small Enterprise (MSE). Keeping this objective in view, Ministry of Micro, Small & Medium Enterprises (MSME), Government of India launched Credit Guarantee Scheme (CGS) so as to strengthen credit delivery system and facilitate flow of credit to the MSE sector. To operationalise the scheme, Government of India and SIDBI set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

Any collateral / third party guarantee free credit facility (both fund as well as non fund based) extended by eligible institutions, to new as well as existing Micro and Small Enterprise, including Service Enterprises, with a maximum credit cap of Rs.100 lakh (Rupees Hundred lakh only) are eligible to be covered.

Click Here for more information….

Business Plans, Finance, Marketing

Micro Infrastructure and Realty Project Consultants

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We the MAGUS CONSULTING PVT LTD are Indian Government Certified Project Management Consultant (PMC) firm form Ministry of Foods & Textile, GOI. The company has 100 plus experienced Consultants executing 25 plus Micro Infrastructure and Realty Projects of approx. 4238 acres of land bank. The firm is strategically poised for providing Conception to Inception Solutions to clients, Developers and Investors.

We are pleased to offer you this attractive business opportunity with requisite project advisory, management and marketing support and non-refundable subsidy of Rs.50.00 Cr for Food Park & Rs 40 Cr for Textile Park. This will enable you to unlock value of your assets/ investments as the Promoter of project into a highly profitable business venture. Further, the park would provide fiscal benefits at unit level for occupants / SMEs.

Eligibility for Subsidy & Huge Profit:

Minimum 50-100 Acres of Industrial Land anywhere across India

The Subsidy amount in the following Parks are:

Sno Project

Subsidy Amount

 Subsidy Amount Project Cost (%)

1

 Textile Park 40 Cr 40%

2

 Food Park 50 Cr 50%

3

Industrial Park

 60 Cr 75%

4

 SSI Park 10 Cr 80%
  1. 5. JV option for Logistics & Warehousing Project at Panvel (M.S) with 185 Cr

Profitable Ventures.  Click here to see details

Services Provided by Magus:

1.       Best Land use Concept to increase profit in short period

2.       Value Addition Approvals like enhancement of FSI, Change of Zone, and Sanction of Power, Water, & Plan Approval

3.       Environmental Clearance

4.       Income Tax Exemption

5.       Detailed Engineering & Tendering

6.       Fund Arrangement

7.       Turnkey Project Marketing, Sales & Transaction Management till collection

Please let me know if I can visit you in person to better explain how we work & associate with you and as well as demonstrate how we have assisted other project developers   like K Rahejas, Akruti, Poddars amongst many more.

Please feel free to contact me on my hand phone no 9867383078

Warm Regards

Hemant Rao

Sr. Manager – Business Development

For more details Click Here