How to Raise Funds for Business in India, Government Funding Start-Ups, कैसे अपने Business के लिए Fund लाये
How to Raise Funds for Business in India: Funding for startups is one of the hot topics in India right now. It is encouraging to see the government coming forward to support these newly developed enterprises. Thus, government funding for startups will create a conducive ecosystem ensuring an ideal environment for budding entrepreneurs. It will empower various ventures by fostering the will to grow and innovate among startups and create a more conducive environment for the implementation of projects. If a startup is successful in getting seed funding from the Government of India, it can go a long way in boosting the growth and development of the organization.
In Hindi: स्टार्टअप्स के लिए फंडिंग अभी भारत में सबसे गर्म विषयों में से एक है। इन नव विकसित उद्यमों का समर्थन करने के लिए सरकार को आगे आते देखना उत्साहजनक है। इस प्रकार, स्टार्टअप्स के लिए सरकारी फंडिंग नवोदित उद्यमियों के लिए एक आदर्श वातावरण सुनिश्चित करने के लिए एक अनुकूल पारिस्थितिकी तंत्र का निर्माण करेगी। यह स्टार्टअप्स के बीच बढ़ने और नवाचार करने की इच्छा को बढ़ावा देकर और परियोजनाओं के कार्यान्वयन के लिए अधिक अनुकूल वातावरण बनाकर विभिन्न उपक्रमों को सशक्त करेगा। यदि कोई स्टार्टअप भारत सरकार से सीड फंडिंग प्राप्त करने में सफल होता है, तो यह संगठन के विकास और विकास को बढ़ावा देने में बहुत आगे जा सकता है।
How to get funding from the government for startups in India?
In an effort to get government funding for startups in India, startups need to follow certain guidelines and fulfill the requirements mentioned under the eligibility criteria. A list of guidelines needs to be followed in order to meet the eligibility to apply for government funding to set up a business. For example, small incubators are eligible to receive funds up to Rs. 5 crores, which is usually provided in several installments. However, it is important for a startup to meet certain eligibility requirements and if a startup needs assistance to determine its eligibility.
भारत में स्टार्टअप्स के लिए सरकारी फंडिंग प्राप्त करने के प्रयास में, स्टार्टअप्स को कुछ दिशानिर्देशों का पालन करने और पात्रता मानदंड के तहत उल्लिखित आवश्यकताओं को पूरा करने की आवश्यकता होती है। व्यवसाय स्थापित करने के लिए सरकारी धन के लिए आवेदन करने की पात्रता को पूरा करने के लिए दिशानिर्देशों की एक सूची का पालन करने की आवश्यकता है। उदाहरण के लिए, छोटे इनक्यूबेटर रुपये तक की धनराशि प्राप्त करने के पात्र हैं। 5 करोड़, जो आमतौर पर कई किश्तों में प्रदान किया जाता है। हालाँकि, एक स्टार्टअप के लिए कुछ पात्रता आवश्यकताओं को पूरा करना महत्वपूर्ण है और यदि स्टार्टअप को अपनी पात्रता निर्धारित करने के लिए सहायता की आवश्यकता है
Eligibility for Government Grants
Before applying you need to make sure that you are eligible for funding from the government for startups. These criteria are:
- You have been operating in India for 10 years from the date of your incorporation.
- The annual turnover should not exceed Rs. 100 crores in any financial year.
- You are registered as a Firm, LLP, or a Private Limited Company.
- You are working to improve some processes or products and you have a proper business plan for innovation. Should have a high potential to generate employment opportunities.
- आप अपने निगमन की तारीख से 10 वर्षों से भारत में काम कर रहे हैं।
- वार्षिक कारोबार रुपये से अधिक नहीं होना चाहिए। किसी भी वित्तीय वर्ष में 100 करोड़।
- आप एक फर्म, एलएलपी या एक प्राइवेट लिमिटेड कंपनी के रूप में पंजीकृत हैं।
- आप कुछ प्रक्रियाओं या उत्पादों को बेहतर बनाने के लिए काम कर रहे हैं और आपके पास नवाचार के लिए एक उचित व्यवसाय योजना है। रोजगार के अवसर पैदा करने की उच्च क्षमता होनी चाहिए।
Ways To Raise Capital For Your Startup Business
Self-Finance Your Start-Up Business
Self-financing or personal investment is the best method of financing used by many business start-ups. Even when you take a loan or ask a venture capitalist or a government body to provide funds for your start-up, they still have this question; How much capital will you invest in your start-up? Investing your own savings is the best option for first-time entrepreneurs. In the later stages of the business, you can easily opt for a business loan and lenders will have no reason to deny it, considering the stability of the business, as it will be a low-risk factor for them.
Finding an Angel Investor
Individuals with surplus cash are known as angel investors and these individuals are interested in investing in new start-ups in India as well as across the world. The risk involved in these investments by angel investors is higher as compared to loans given by financial institutions, as angel investors plan to invest for higher returns rather than for profit. Popular angel investors in India include Mumbai Angels, Indian Angel Network, and Hyderabad Angels. Start-up owners can approach these investors directly for funding assistance.
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Look for Crowdfunding
Crowdfunding is a concept of collecting money from multiple investors through social networking sites and web-based platforms for major business purposes. Online crowdfunding web portals raise funds for various other purposes such as social causes, charities, ideas, disaster relief, events, etc. This concept or idea helps in raising funds for start-ups or first-time business owners and also promotes social and cultural causes. , Major crowdfunding platforms in India include Kickstarter, Keto, Catapult, FuelDream, Fundable, Indiegogo, Milap, Wishberry, etc.
Apply for a loan under government schemes
The Government of India has launched various loan schemes that aim to benefit start-up enterprises, SMEs, MSMEs, as well as rural India, women entrepreneurs, educated youth, persons belonging to SC/ST category, small scale social- To promote economic development. Industries (SSI), people living in villages, rural and urban areas, etc. Loan schemes launched by the Government of India to help start-up enterprises include the Pradhan Mantri Mudra Yojana (PMMY), and the MUDRA loan scheme under Start-up India. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), Stand-up India, Atal Innovation Mission, Make in India, Trade Related Entrepreneurship Assistance and Development (TREAD), etc.
Get loans from private and public sector banks
Banks are considered the first priority for start-up ventures, as they find it a more reliable and convenient way of getting funds. Banks provide funds to start-up enterprises in two forms namely term loans and working capital loans. Almost every public and private sector bank in India offers business loans to start-ups. However, the interest rate, loan amount, and repayment tenure offered will vary from bank to bank.
Get Small Business Loan from NBFC or MFI
If you are new to lending and do not have a financial history or maintain any credit score, it will be difficult to get loans from private or public sector banks. Check your credit score and approach Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs) to avail of startup loans. The interest rates offered by NBFCs and MFIs are comparatively higher as compared to PSU banks.
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Take advantage of business credit cards
There has been a rise in credit cards for business purposes since the emergence of start-up enterprises in recent years. If your start-up does not require a large number of funds in the initial stages of the business, you can use a credit card for transactions and pay additional interest rates as a loan or penalty for repaying the amount on time. Can pay the amount to avoid this.
हाल के वर्षों में स्टार्ट-अप उद्यमों के उभरने के बाद से व्यावसायिक उद्देश्यों के लिए क्रेडिट कार्ड में वृद्धि हुई है। यदि आपके स्टार्ट-अप को व्यवसाय के शुरुआती चरणों में बड़ी संख्या में धन की आवश्यकता नहीं है, तो आप लेनदेन के लिए क्रेडिट कार्ड का उपयोग कर सकते हैं और समय पर राशि चुकाने के लिए ऋण या दंड के रूप में अतिरिक्त ब्याज दरों का भुगतान कर सकते हैं। इससे बचने के लिए राशि का भुगतान कर सकते हैं।
Peer-to-Peer Lending
Peer-to-peer lending is a type of money lending where no intermediaries are involved in the entire process. Lenders lend money to borrowers as their investments and borrowers get money to invest in their start-ups. In this process, the lenders can earn from the borrowers, as the interest rate is higher than that of banks, NBFCs, and MFIs. Peer-to-peer lending institutions are regulated by the RBI for the betterment of both lenders and borrowers. For start-up enterprises, peer-to-peer lending is a type of loan, while for the lender it becomes an investment.
पीयर-टू-पीयर लेंडिंग एक प्रकार का मनी लेंडिंग है जहां पूरी प्रक्रिया में कोई मध्यस्थ शामिल नहीं होता है। ऋणदाता उधारकर्ताओं को पैसा उधार देते हैं क्योंकि उनके निवेश और उधारकर्ताओं को अपने स्टार्ट-अप में निवेश करने के लिए धन मिलता है। इस प्रक्रिया में, ऋणदाता उधारकर्ताओं से कमा सकते हैं, क्योंकि ब्याज दर बैंकों, एनबीएफसी और एमएफआई की तुलना में अधिक है। उधारदाताओं और उधारकर्ताओं दोनों की बेहतरी के लिए पीयर-टू-पीयर ऋण देने वाली संस्थाओं को आरबीआई द्वारा विनियमित किया जाता है। स्टार्ट-अप उद्यमों के लिए, पीयर-टू-पीयर लेंडिंग एक प्रकार का ऋण है, जबकि ऋणदाता के लिए यह एक निवेश बन जाता है।
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