March 2009
Issue No. 3
A Joint Project of NSTEDB, Department of Science and Technology, Government of India and Federation of Indian Chambers of Commerce and Industry (FICCI)



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Best Wishes…

TIME IS Team
Top Stories of the Month
Top stories of the Month
Technology Focus
Funding Options
Whats New?
Upcoming Events
 

 


For more news, logon to: http://www.techno-preneur.net/

                                                                                                                                              Top

 
TECHNOLOGY FOCUS
 

This month find 20 New Technologies from DST- Lockheed Martin India Innovation Growth Program Technologies sector. Lists of all those technologies are as below:

 DST- Lockheed Martin India Innovation Growth Program Technologies

For more information about various technologies in different sectors, logon to
http://www.techno-preneur.net/

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FUNDING OPTIONS
 
SME Finance

Sulabh Vyapar Loan

Eligible Segments

Traders and Service Sector

Facility Fund Based :Overdraft, Cash Credit, Term loan, Bills Discounting Non Fund Based: Bank Guarantee and Letter of credit
Loan Amount Minimum: Rs.5 lacs and Maximum: Rs 500 lacs.
Tenor TL: upto to 5 years.
Pricing Max: BPLR        Min: 1.25% below BPLR
Security
  • Hypothecation of stock & Book debts and asset financed by bank.
  • Personal Guarantee of the borrower.
  • Collateral security upto 110% of the loan amount
    • Processing charges Upto 1% on the loan amount.

    Dealer Finance

    Eligible Segments Distribution chain partners comprising dealers, stockists, distributors, etc.
    Facility Overdraft, Cash Credit, Term loan, Other working capital facilities
    Purpose
  • OD/ CC: Working capital/ Meeting temporary mismatch of funds.
  • TL: Acquisition of fixed assets, renovation of premises, retiring of high cost debt, etc.
  • Other working capital facilities on case to case basis.
    • Loan Amount Minimum: Rs.10 lacs and Maximum: Rs 500 lacs.
    Tenor One year to 3 years.
    Pricing Linked to BPLR
    Security
  • Exclusive charge on all assets of the borrower.
  • Personal Guarantee of the borrower.
  • Collateral security as deemed necessary.
    • Processing charges Upto 1% on the loan amount.

    FUNDING UNDER Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGFMSE)

    Eligible Segments Should be a Micro and Small Enterprise (manufacturing / services) as defined under MSMED Act 2006.
    Purpose Working Capital & Term Finance for capex / takeover of existing loans
    Loan Amount
  • Minimum Rs.25,000.
  • Maximum Rs.50 Lacs.
    • Tenor As per the facilities requested.
    Pricing
  • Annual Service Fee and One time Guarantee Fee as specified by Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
  • Interest rate linked to BPLR.
    • Security
  • Guarantee cover from CGTMSE to the extent applicable on a case-to-case basis but not exceeding Rs.37.50 lakh.
  • Exclusive charge on current and fixed assets purchased out of Bank’s finance.
  • Personal guarantee of the borrower.
  • No collateral/ 3rd party guarantee will be taken.
    • Processing charges Upto 1% of the loan amount.

    DIRECT CREDIT SCHEME with SIDBI

    Eligible Segments All entities in the SME segment as covered under MSMED Act 2006.
    Purpose Working Capital & Term Finance capex / takeover of existing loans.
    Loan Amount
  • Minimum Rs.10 Lacs.
  • Maximum Rs.20 Crore.
    • Tenor Depending upon the nature of facilities.
    Pricing Linked to BPLR
    Security
  • Charge on fixed and current assets.
  • PG of the proprietor / partners/ promoter directors.
    • Processing charges Upto 1% of the loan amount. Service tax as applicable.

    PREFERRED CUSTOMER SCHEME – IDBI Bank / SIDBI

    Eligible Segments All entities in the SME segment as covered under MSMED Act 2006 having satisfactory relationship with either IDBI Bank or SIDBI.
    Facility General-purpose overdraft / short-term loan limit to be utilized as desired by the client
    Purpose
  • Non project specific expenses like adding / replacement of machinery, balancing equipment, renovation / additions to factory building, jigs / fixtures, computer hardware / software, WC margin needs, marketing related expenses, setting up franchise, brand building, execution of bulk orders, deposits for contracts, temporary shortage of Working Capital, etc.
  • Initial investments in new projects where full projects/ scheme has not been crystallized could also be covered under the scheme e.g. buying new industrial land or shed for expansion, etc.
  • Expenditure incurred 3 months before issue of offer letter by the Bank could also be considered.
    • Loan Amount
  • Upto Rs.200 lacs for customers of IDBI Bank.
  • Upto Rs.100 lacs for customers of SIDBI.
    		•
    Tenor
  • Overdraft - 12 months.
  • Short Term Loan – 12 months with equal repayment & no moratorium.
    • Pricing Linked to BPLR
    Security Extension of existing security and Personal Guarantee.
    Processing charges

    Upto 1.00% of loan amount. Service tax extra

     


    To know more about this schemes, logon to www.idbibank.com/

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    WHATS NEW ?
     

    Science-Tech Entrepreneur E-Zine

    April 2009 Issue

    For contributing articles, enquiries about readers and authors please contact:

    Mr Raman Gujral,
    Regional Co-ordinator, Central Regional Office,
    Entrepreneuuship Development Institute of India (EDI),
    19, Chhatrapati Shivaji Colony,
    Chuna Bhatti, Kolar Road,
    Bhopal. (M.P.)
    Ph: 0755-2424015

    We request you to kindly submit your feedback regarding Science Tech Entrepreneurship Magazine

    You can any send your queries by email to swapna.das@ficci.com

     
     


    Project Report


    Technology Trends

    Health Care and Medicine
    Industrial Application
    Environmental Sciences
    Marine Sciences

    Top
     
    UPCOMING EVENTS
     

    National Conference on Indian Steel Industry: The Way Forward

    April 15, 2009 New Delhi ,Hotel Taj Lands End, Mumbai

    For further information, please contact

    Mr Chetan Bijesure or Ms Nisha Goel
    FICCI, Federation House, Tansen Marg, New Delhi-110001
    Tel : 91-11-23322881 (D), 91-11-23765322 (D)
    91-11-23738760-70 Ext. 511/385
    Fax : 91-11-23320714
    Email : chetan.jbc@ficci.com, nisha.goel@ficci.com


    Federation of Indian Chambers of Commerce and Industry
    Federation House, 1 Tansen Marg,
    New Delhi-110 001
    Tel: +91-11-2373 8760-70 (EXT 395/474)
    +91-11-2331 6540 (Dir)/2335 7350 (Dir)
    Fax: +91-11-2332 0714/ 2372 1504
    E- Mail: chetan.jbc@ficci.com, nisha.goel@ficci.com

    Top

    The Great Indian Travel Bazaar '09

    April 19 - 21 , 2009 (Sunday - Tuesday)
    Venue: B.M. Birla Convention Center, Jaipur, Rajasthan, India

    For further information, please contact

    New Delhi:

    Mr. Rahul Chakravarty, Joint Director / Ms. Samanda Syiem, Asst Director
    FICCI, Federation House, 1 Tansen Marg, New Delhi - 110 001
    Phones : 011 - 23322539, 23311720, 23738760-70 (PBX)
    Fax : 011- 23765333, 23765316
    Email : rahul@ficci.com, samanda@ficci.com

    Jaipur:

    Mr Gyan Prakash, Director / Mr Amit Gupta, Asst Director
    FICCI Rajasthan State Council, 202 Rajputana Tower, A-27-B, Shanti Path, Tilak Nagar
    Jaipur - 302 004
    Tel : 0141 2621345/5103768,
    Fax: 0141 5116464,
    E-mail: gyan@ficci.com, amitgupta@ficci.com