Funding and support for retail start-ups

Franchising as a business model has achieved stability over the course of time, given new entrepreneurs increased confidence on the success of their ventures. These available investments and increased investment capability have also been a key factor driving the growth of the industry, especially when investment support from franchisor is minimal.

 The Government of India helps entrepreneurs with good ideas by providing loan though the MSME scheme. Please visit the MSME site for more details. MSME also provides training and adequate support in helping to do all the required paperwork to make it easy for the entrepreneur to start the work with ease as one point window system. MSME, has evolved into preferred facilitation destination for both potential and existing Entrepreneurs by means of synergised initiatives in a Public-Private Partnership mode (PPP).

 The example of 108 emergency ambulance services is a classical example of PPP. The vision is expected to enhance the competitiveness of the existing enterprises, contribute towards sustainably establishing more number of potential enterprises, accelerate the employment generation, contribute towards economic growth and provide highly skilled Man Power to industries. There are many schemes released by Government of India to help entrepreneurs succeed.

 Guidelines for Market Development Assistance on Production Scheme

  • Guidelines of Scheme for Assistance to Training Institutions 
  • Scheme of Surveys, Studies and Policy Research 
  • Scheme of Surveys, Studies and Policy Research – List of Agencies as on 26.08.2010
  • Surveys/Studies conducted under the Surveys, Studies and Policy Research Scheme
  • Scheme of Fund for Regeneration of Traditional Industries (SFURTI)
  • Rajiv Gandhi Udyami Mitra Yojana (RGUMY)
  • Implemented through NSIC
  • Marketing Assistance Scheme
  • Performance and Credit Rating Scheme
  • Implemented directly by Ministry
  • Scheme of Surveys, Studies and Policy Research
  • Guidelines of Scheme for Assistance to Training Institutions
  • Scheme of Fund for Regeneration of Traditional Industries (SFURTI)
  • Rajiv Gandhi Udyami Mitra Yojana (RGUMY)

 Implemented through NSIC

  • Marketing Assistance Scheme
  • Performance and Credit Rating Scheme
  • Implemented through KVIC
  • Guidelines of the Market Development Assistance (MDA) on Production Scheme
  • Prime Minister’s Employment Generation Programme (PMEGP)
  • Product Development, Design Intervention and Packaging (PRODIP)
  • Khadi Karigar Janashree Bima Yojana for Khadi Artisans
  • Interest Subsidy Eligibility Certification (ISEC)
  • Scheme for Enhancing Productivity and Competitiveness of Khadi Industry and Artisans
  • Workshed Scheme for Khadi Artisans
  • Implemented through Coir Board
  • Rejuvenation, Modernization and Technology Upgradation of the Coir Industry.

 These are various schemes that are available for new entrepreneurs through Governmental Schemes and if they have the credentials with a good educational background these loans can be secured.

 

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Chackochen Mathai

Chackochen Mathai

Chackochen Mathai, M.A, MMM, M.A, MPhil, has over 23 years of experience in franchising. He has worked for major franchising brands like DSRC, NIIT, Aptech, SSI, CADD Centre and Internetworkz. As GM - Business Development with Trends Invogue Pvt Ltd, a CavinKare Group company, his responsibility is to franchise 2 saloon brands Green Trends & Limelite. He is recognized as a franchising coach and a mentor, a regular writer and a sought after speaker in many franchising forums in the country.
Chackochen Mathai

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