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….

People / Stories

Business Mind

Support

Business Mind
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Laloo Prasad Yadav talks to his son to get married

Laloo : I want you to marry a girl of my choice
Son : “I want to choose my own bride”.

Laloo : “But the girl is Ambani’s daughter.”
Son : “Well, in that case…. Yes”

Next Laloo approaches Mukesh Ambani

Laloo : “I have a husband for your daughter.”
Ambani : “But I dont want to marry my daughter.”

Laloo : “But this young man is a vice-president of the World Bank.”
Ambani : “Ah, in that case…. Yes”

Finally Laloo goes to see the president of the World Bank.

Laloo : “I have a young man to be recommended as a vice-president.”
President :”But I already have more vice-presidents than I need.”

Laloo : “But this young man is Ambani’s son-in-law.”
President : “Ah, in that case…. Yes.”

Now this is how business is done!!

Calendar, News, Social Entrepreneurship

Skoll Awards for Social Entrepreneurship

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The Skoll Awards for Social Entrepreneurship

The Skoll Awards for Social Entrepreneurship support social entrepreneurs whose work has the potential for large-scale influence on critical challenges of our time: tolerance and human rights, health, economic and social equity, peace and security, institutional responsibility, and environmental sustainability. These issues are at the heart of the foundation’s vision of empowering people to create a peaceful, prosperous, sustainable world. Within these issues, we are particularly interested in applications from social entrepreneurs working in five critical sub-issue areas that threaten the survival of humanity – climate change, nuclear proliferation, pandemics, conflict in the Middle East and water scarcity.

The Skoll Awards provide later-stage, or mezzanine, funding, subject to payment limitations described below under Budget Guidance. In most cases, the grant is provided for core support to help organizations expand their programs and capacity to deliver long-term, sustainable equilibrium change. The Skoll Awards are not intended for new or early-stage programs or initiatives. Programs submitted for consideration should have a track record of no less than three years. In addition to core support, the Skoll Foundation supports the participation of Award recipients in the annual Skoll World Forum on Social Entrepreneurship.

Click Here for the Guidelines and More Information

Education

Entrepreneurship Development Institute of India

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Entrepreneurship Development Institute of India

An Acknowledged
National Resource Institute Engaged In
Entrepreneurship Education, Research & Training

The Entrepreneurship Development Institute of India (EDI), an autonomous body and not-for-profit institution, set up in 1983, is sponsored by apex financial institutions, namely the IDBI Bank Ltd, IFCI Ltd. ICICI Ltd and State Bank of India (SBI). The Institute is registered under the Societies Registration Act 1860 and the Public Trust Act 1950. The Government of Gujarat pledged twenty-three acres of land on which stands the majestic and sprawling EDI campus.

Recognition from UN-ESCAP, Bangkok

Click here for Courses & Opportunities offered by EDI
Education, News

Certificate in Entrepreneurship Management

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Post Graduate Programme for Certificate in Entrepreneurship Management

To be launched by the Entrepreneur Development Centre (EDC) of XLRI in October, 2009.

Programme Objective
PGP-CEM has been designed to provide competency-based education to the
eligible candidates with a view to promoting entrepreneurship in Jharkhand
and rest of the country. The programme will be pursued in such a manner as to encourage critical and lateral thinking and integrate theory with practice. The ultimate objective will be (a) to create effective and successful entrepreneurs out of those who have no exposure to this vocation, but have an inclination and desire to turn into such entities, and (b) to enhance the skills of those who are currently functioning as such.

Click Here for more information

Motivations, Networking, News

Culture of Innovation

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EMPI Group of Institutions along with The Indian Express Group invites Organisations operating in India to participate in an exciting Awards Programme aimed at promoting a ‘culture of innovation’ in India by showcasing their innovative actions.

Registration now open for the 4th EMPI-Indian Express Indian Innovation Awards

Last date of submission of Participation Form: September 30, 2009

Click here for more

Business Ideas, Social Entrepreneurship

Wireless Automation Systems

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” Nano Ganesh ” a revolutionary electronic device manufactured by Ossian Agro Automation, a company working in the field of rural automation since last 14th years.

Ossian Agro Automation has developed various types wireless automation systems for the rural areas especially for irrigation purpose. By using Ossian’s devices, one can save enormous amount of electricity, water, fuel, time and labor. This helps world to preserve the valuable stocks of energy.

With the help of Nano Ganesh Mobile Modem :

  • A farmer can control the pumps from any distance.
  • He can check an availability of power supply at the pump end.
  • He can acknowledge the on / off status of the water pump.
  • In some models, a farmer gets an alert call if there is a theft attempt of the cable or
    pump.

Click Here for More………..

Business Ideas, News, Resources

Patenting for start-ups, the low-cost way

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Patenting is a costly, but essential process in a globalized market. Here is the cheapest patent strategy for a start-up

..if we are to raise money, investors would value our company more if we have more IP (intellectual property)

Under the patent system, a company can claim damages from anyone who seeks to commercially exploit an innovation for which they hold a patent….

Click Here for the full article in DARE