We have introduced one new section in our January'08 issue that is "Articles from Members". We invite articles on current topics on Science & Technology and Entrepreneurship. We also welcome material that you think is useful and can be circulated through our newsletter.
You can send your contributions by Email to timeis@ficci.com,swapna.das@ficci.com
| Top stories of the Month |
| Technology Focus |
| Funding Options |
| Whats New? |
| Upcoming Events |
| "Articles From Members" |
For more news, logon to: http://www.techno-preneur.net/
This month find new technologies of Central Scientific Instruments Organisation and Lockheed Martin India Innovation Growth Program 2007. Lists of all those technologies are as below:
| Instruments and Devices | |
| |
| Technologies of Lockheed Martin India Innovation Growth Program 2007 | |
For more information about various technologies in different sectors, logon to
http://www.techno-preneur.net/
Union Bank of India has adopted a policy package for stepping up credit to Small & Medium Enterprises [SME] with the approval of the Board in its meeting held on 30th September 2005 and subsequently following steps have been initiated in this direction.
- Union High Pride
- Union Procure
- Union
Supply
UNION HIGH PRIDE - Quantum: Above Rs 5 crores to Rs 25 crores.
- Appraisal/Assessment: Based on FBF with relaxed terms i.e. Current Ratio at 1.1:1, DER at 3.00:1 and DSCR at 1.50:1.
- Collateral coverage of not less than 20% of total exposure.
- Interest rate ranging from 125 bps below BPLR to maximum BPLR for Working Capital based on credit rating.
- Further interest concession upto 0.50% in case of SME rated by SMERA or CRISIL.
Other additional benefits - Multicity Cheque Book
- Cash Management Services
- Collateral coverage of not less than 20% of total exposure.
- Quicker disposal with reduced time frame for sanction within 15 days.
- The scheme being implemented through 50 designated branches.
Channel Financing The Bank has two schemes for financing the suppliers and wholesale dealers of select Corporates under Channel Financing. UNION PROCURE Financing the purchases of dealers supplying products to Corporates.
- Quantum: Above Rs 25 lacs to Rs 25 crores.
- Appraisal/Assessment: Based on Turnover/FBF with relaxed terms i.e. Current Ratio not less than 1.17:1, TOL/TNW not exceeding 4.00:1.
- Facility: Bills drawn by Corporates on Vendors duly accepted by the latter.
- Margin: Nil
- Collateral: Minimum coverage of 30% of advance value.
- Pricing: Based on Credit Rating with floor rate of 175 bps below BPLR.
UNION SUPPLY Financing against Receivables of the Vendor of goods supplied to the Corporates.
- Quantum: Above Rs 25 lacs to Rs 25 crores.
- Appraisal/Assessment: Based on Turnover/FBF with relaxed terms i.e. Current Ratio not less than 1.10:1, TOL/TNW not exceeding 4.00:1.
- Facility: Bills drawn by Vendors on Corporates duly accepted by the latter.
- Margin: Nil
- Collateral: Minimum coverage of 10% of advance value.
- Pricing: Based on Credit Rating with floor rate of 300 bps below BPLR.
To know more about this schemes, logon to www.unionbankofindia.co.in
 |
Science-Tech
Entrepreneur E-Zine March 2008 issue
For
contributing articles, enquiries about readers and authors please contact:
Managing
Editor,
Science Tech Entrepreneur
Centre for Entrepreneurship Development
Madhya Pradesh (CEDMAP)
16-A, Arera Hills, Bhopal,
India.
Tel.: (91) 0755-4000915, 4000922/918
Website: www.cedmapindia.com
E-mail: seemaste@yahoo.com, cedmap@yahoo.com/science_tech1@yahoo.co.in
We request you to kindly submit your feedback regarding Science Tech Entrepreneurship Magazine
You can any send your queries regarding Science-Tech Entrepreneur E-Zine , by email to swapna.das@ficci.com
Project
Profiles
This month find six new project profiles in the below mentioned sectors:
| Agriculture & Food Processing |
| Chemical
|
| Textile |
| Other |
March 7, 2008, IIT Delhi, India
For
further information, please contact
Dr. Suresh Bhalla (Organising Secretary)
Department of Civil Engineering
Indian
Institute of Technology (IIT) Delhi
Hauz Khas, New Delhi – 110016
Ph:
2659 1040
E-mail: sbhalla@civil.iitd.ac.in
Workshop
on "Laser Spectroscopy and Nanophotonics"
March 14-15, 2008, IIT Delhi, India
For
further information, please contact
Dr.
R. K. Soni , Coordinator
Department of Physics
Indian Institute of Technology
(IIT)
Hauz Khas, New Delhi – 110016
Ph: 2659 1304
Email: ravisoni@physics.iitd.ac.in
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Best Wishes…
TIME IS TeamFor Further Information, Please contact
Information Manager
TIME IS
Federation of Indian Chambers of Commerce and Industry
Federation House, Tansen Marg
New Delhi - 110 001
Tel : 011-23721503
Fax : 011-23721504
Email : timeis@ficci.com