We can start small businesses. Small businesses are started by corporations, partnerships, with fewer employees than regular businesses. Small businesses include small grocery stores,bakeries, hairdressers,restaurants, guest houses,very small manufacturing, web design, etc. Small businesses offer product, process or service.They should have an ability to lead a business in a positive direction. It needs proper planning, adapting to changing environments, understanding strength and weakness.we can start small businesses at low cost .we can sell products at market stalls.
Small businesses provide new opportunities for entrepreneurs. Small businesses involve greater risks .They create meaningful jobs.you can earn a lot of money through small businesses. Small businesses required interlocking parts of local economies.
Small businesses will get Rs 4 lakhs financial assistance. This assistance is available for projects costing up to Rs 10 lakhs. It is available through the margin money grand scheme of the department of industry.
You will get a 40 %subsidy of the total project cost. The fixed capital and working capital should be Rs 10 lakhs. This benefit is available to units operating in the manufacturing sector, food processing sector and value added service sector.
Grants are awarded in two ways,to the general category and to the special categories. They provide 30% grand to the general category and 40 % grand to the 40 % grand to the special category. In general category 40 % loan and 30 % entrepreneurs share. In the special category,40 % loan and 20% entrepreneurs share. 30 % of this scheme will get Women .
We can apply online for this scheme. If you want more details about this scheme, you can visit district industry centres. It is useful for all small scale entrepreneurs. You should visit DIC. We will get alot of options and guidelines from this center.
How to apply for DIC benefit
- Visit the official website of DIC.
- You can see the guidelines of this scheme.
- You can download the application scheme.
- Enter details.
- Enter contact number, email ID.
- Enter the items, job works and services.
- Name of financial bank,
- EnterProject costs.
- Project report
- Title deed of land
- Ownership certificate of buildings
- Registered lease deed.
- Proforma invoice, quotation
- Valuation of approved engineers.
- Sanction letter from bank