HOW TO START A SMALL SCALE INDUSTRY The steps involved in starting a small-scale industry are:- • Conduct Market Survey and Study the products as regards their demand in the market. Check whether it is a seasonal product or it has demand throught the year 1. Study similar products available in the market that can be probable competitors. Analyze them as regards their utility, quality and cost. 2. Find whether the product can be exported. 3. Explore the possibility whether some product can be manufactured in collaboration with a foreign country. This provides readymade technical know how and save a lot of time and money otherwise wasted in developing a suitable method of manufacture. 4. Decide the product that you are going …show more content…
State financial corporation Almost every state has its own financial cooperation to provide machine and long term loans small and medium sale industries. Amount of loan varies from Rs. 5000 to Rs. 6. lakhs and these are repayable in equal installments spread over a period of 10-12 years. Important schemes of financing SFC are 1. A loan scheme for financing of village and cottage industries. Under this scheme they are financed to the extent of Rs. 25,000 and the interest rate is very low. 2. Assistance to tiny units – these grant assistance up to Rs. 2.00 lakhs. 3. Scheme for technical entrepreneur – in order to encourage self employment these corporation provide financial assistance up to Rs.2.00 lakhs at very low interest rate to such technical entrepreneurs who have acquired a diploma or degree in any discipline of engineering . 4. Loans to hotel industry 5. Scheme for SC/ST –Grant financial assistance to SC/ST entrepreneurs at a nominal margin rates are charged at the rate of 10%. 6. Scheme for physically handicapped –these provide financial assistance up to Rs. 3.00 lakhs at a rate of 10%. 7. Commercial banks: SBI and its subsidiary banks and other nationalized banks provide liberal term loans and working capital to small scale entrepreneurs and these loans are advanced for purchase of machine and material and to the technical entrepreneurs to encourage self employment. Specialized institute like, Central
Evaluate the pricing. The price in the market should be competitive with other prices in other markets, so the demand of our market will increase.
II. Explore the supply and demand conditions for your firm’s product. a) Evaluate trends in demand over time, and explain their impact on the industry and the firm. You should consider including annual sales figures for the product your firm sells. b) Analyze information and data related to the demand and supply for your firm’s product(s) to support your recommendation for the firm’s actions. Remember to
Another major characteristic of microfinance is that they have numerous loans to informally-organised businesses which are often in small amounts over a short-term period with turnover of the aggregate loan portfolio maturing several times during the year. These are unsecure loans with simple repayment structure and documentation, but interest rates are generally higher than those in the formal sector (Anderson, 2002).
2) Determine ways to create non-price barriers to entry based on market structure; 3) Determine ways to increase product
6.1 Marketing Strategies ......................................................................................................................... 23 6.1.1 Product ....................................................................................................................................... 24 6.1.2 Position ...................................................................................................................................... 24 6.1.3 Price ........................................................................................................................................... 25 6.1.4 Promotional Plan........................................................................................................................ 25 6.2 Promotional Mix ............................................................................................................................... 25 6.2.1 Advertising ................................................................................................................................. 25 6.2.2 Support Media
Although micro lenders and conventional lenders both lend money, their motives differ greatly. Under the terms of micro lending, the main goal is to enhance the
When considering to introduce a new product line the parties involved should consider the advantages and disadvantages in terms of costs incurred and the revenue to be obtained from the sale of the product.
Under this part, financial resources, Human resources, Technological, Physical and Organizational resources of the business organization will be discussed. According to the financial feasibility report, startup investment for the business will be around Rs. 2 400 000 and it will be invested equally by founders. Some of the equipment are namely, zigzag machines, cutting clicking press, cutting boards, finishing machines, embossing machines, air compressor, heat seating chamber, air guns for coloring. Payroll server and the website of the business will be the technological resources the business have and machineries, furniture, land are the physical resources and the business name, logo and other intellectual properties are the organizational resources of the business, Dees & Ems. The physical resource structure of Dees and Ems is quite simple and not very complicated in order to manage the growth of organization in later
Tax paying would give people more sense of responsibility and an incentive to work and produce
term businesses, thus it works with these lenders to help give fixed rate financing for lands and
The table above indicates that out of the 32 respondents, only 5(15.6%) have made applications for SMIEIS funding of which (in table 4 below) only 2(40%) was approved. Further, 10(31.2%) made application for ordinary bank loan of which (in table 4 below) 3(30%) was approved. By this, it can be interpreted that the rate of applications for funding as well as the success rate of the applications (for both SMIEIS and bank loan) is extremely low. This could partly explain the fact that there seems to be information gap or poor awareness of the SMIEIS fund.
To augment the profits of the bank has stated non-farm advance since 1999. There is a gradual increase in Non-farm advance. The maximum individual loan limit is Rs.20.00 lakh and Rs.12.00 lakh in urban and rural areas respectively. Our investment in Government Securities as on 31-3-2009 is Rs.11110.54 crore.
* You can avail Loan upto Rs.20,00,000 & upto 80% of value for any purpose