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Q) Visit A Bank/financial Institution To Enquire About Various Funding Schemes For Small Scale Enterprise

Hardik Raut of TYCO1 class with roll number 1818 visited a bank as part of an entrepreneurship assignment. He learned about two key funding schemes - SIDBI's SMILE loan program which offers soft loans and term loans at competitive rates to MSMEs in 25 sectors, with priority given to new enterprises and smaller businesses. The second scheme is Pradhan Mantri Mudra Yojana which provides collateral-free loans in three categories to activities that create jobs in various sectors like services, manufacturing, retail and agriculture. The loans are offered by public and private sector banks as well as cooperative banks and NBFCs.

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2K views4 pages

Q) Visit A Bank/financial Institution To Enquire About Various Funding Schemes For Small Scale Enterprise

Hardik Raut of TYCO1 class with roll number 1818 visited a bank as part of an entrepreneurship assignment. He learned about two key funding schemes - SIDBI's SMILE loan program which offers soft loans and term loans at competitive rates to MSMEs in 25 sectors, with priority given to new enterprises and smaller businesses. The second scheme is Pradhan Mantri Mudra Yojana which provides collateral-free loans in three categories to activities that create jobs in various sectors like services, manufacturing, retail and agriculture. The loans are offered by public and private sector banks as well as cooperative banks and NBFCs.

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Name: Hardik Raut Class: TYCO1 Roll no: 1818

Assignment no: Enrollment no: 2000930016


Subject: Entrepreneurship Development
Collage: Bhausaheb Vartak Polytechnic

Date of Performance Marks Teacher Dated Signature

Q] Visit a bank/financial institution to enquire about various funding


Schemes for small scale enterprise
 SIDBI Make in India Loan for Enterprises (SMILE)

 The scheme has been designed to foster innovation, facilitate


investment, protect intellectual property, enhance skill
development, and build the best infrastructure for MSMEs.
 Under the scheme, loans will be offered in the forms of soft loan
and term loan.
 MSMEs engaged in 25 selected sectors will receive financial
support at competitive interest rates as part of the ‘Make in India’
campaign launched by the government of India.
 New enterprises in the services and manufacturing sector will be
given importance along with an emphasis on smaller enterprises
within theMSME.
 Competitive rates of interest
 Repayment period will be longerThe loan amount will be
dispensed to your bank account quickly
Pradhan Mantri Mudra Yojana (PMMY)

 The scheme will extend loans to activities that create employment and generate income in the
areas of services, manufacturing, retail, and agriculture.
 No collateral or security need to be provided to avail the Mudra loan.
 Three types of loans can be availed under Mudra for different stages of the business, namely,
Shishu, Kishor, and Tarun.
 The loans under the Mudra Yojana will be extended by public sector banks, private sector banks,
cooperative banks, Regional Rural Banks (RRBs), foreign banks, Non-Banking Financial
Companies (NBFCs), and Micro Finance Institutions (MFIs).

Conclusion:-Hence we conclude that for improving the business


business ideas are very important.

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