Stand - Up India: Looking For Answers

Looking For Answers

WANT TO KNOW WHAT I CAN DO?

Services: COUNSELING SERVICES TO BUDDING ENTREPRENEURS; ASSISTANCE / CONSULTANCY TO PROSPECTIVE AND EXISTING ENTREPRENEURS
Providers: NATIONAL INSTITUTE FOR ENTREPRENEURSHIP AND SMALL BUSINESS DEVELOPMENT (NIESBUD) (HTTP://WWW.NIESBUD.NIC.IN/); INDIAN INSTITUTE OF ENTREPRENEURSHIP (HTTP://IIE.NIC.IN/); MSME DEVELOPMENT INSTITUTES (HTTP://WWW.DCMSME.GOV.IN/CONTACTS.HTM#TWO)

I WANT EDP TRAINING

Services: EDP TRAINING PROGRAMS
Providers: NATIONAL INSTITUTE FOR ENTREPRENEURSHIP AND SMALL BUSINESS DEVELOPMENT (HTTP://WWW.NIESBUD.NIC.IN/); INDIAN INSTITUTE OF ENTREPRENEURSHIP (HTTP://IIE.NIC.IN/); MSME DEVELOPMENT INSTITUTES (HTTP://WWW.DCMSME.GOV.IN/CONTACTS.HTM#TWO); EDII (HTTP://WWW.EDIINDIA.ORG/); MSME ASSOCIATIONS (HTTP://DCMSME.GOV.IN/LIST_ASSOCIATIONS.HTM); RUDSETI (HTTP://WWW.RUDSETITRAINING.ORG/); RSETI (HTTP://WWW.NIRD.ORG.IN/RSETI); STATE LEVEL SPECIALISED INSTITUTIONS

I WANT SKILL TRAINING

Services: TO IDENTIFY , DESIGN AND CONDUCT TRAINING PROGRAMMERS FOR EXISTING ENTREPRENEURS; ORGANIZING ENTREPRENEURSHIP, MANAGEMENT AND SKILL DEVELOPMENT PROGRAMMES
Providers: INDIAN INSTITUTE OF ENTREPRENEURSHIP (HTTP://IIE.NIC.IN/); MSME DEVELOPMENT INSTITUTES (HTTP://WWW.DCMSME.GOV.IN/CONTACTS.HTM#TWO); NATIONAL SKILL DEVELOPMENT CORPORATION- PARTNER INSTITUTIONS (HTTP://WWW.NSDCINDIA.ORG/TRAININGPARTNERS); RUDSETI (HTTP://WWW.RUDSETITRAINING.ORG/); RSETI (HTTP://WWW.NIRD.ORG.IN/RSETI); STATE LEVEL SPECIALISED INSTITUTIONS

I WANT TO KNOW WHERE TO SET UP THE UNIT?

Services: TO EVOLVE STRATEGIES & METHODOLOGIES FOR DIFFERENT TARGET GROUPS & LOCATIONS & CONDUCT FIELD TESTS.; SIDCS DEVELOP LAND AND PROVIDE THE ENTIRE NECESSARY INDUSTRIAL INFRASTRUCTURE, WITH ROADS, POWER, WATER SUPPLY, DRAINAGE AND OTHER AMENITIES
Providers: INDIAN INSTITUTE OF ENTREPRENEURSHIP (HTTP://IIE.NIC.IN/); STATE SMALL INDUSTRIES DEVELOPMENT CORPORATIONS (SIDCS) (HTTP://WWW.COSIDICI.COM/); INDUSTRY DEPARTMENT SITES OF STATE GOVERNMENTS (DISTRICT INDUSTRIES CENTRES); TECHNICAL CONSULTANCY ORGANISATIONS (HTTP://SMALLB.SIDBI.IN/%20/RESOURCES%20/BENEFIT-EXPERTS%20/TECHNICAL-CONSULTANCY-ORGANIZATIONS)

I WANT A BUSINESS PLAN

Services: FORMULATING PROJECT PROFILES OF PRODUCTS / INDUSTRIES SUITABLE AND FEASIBLE IN THE MSME SECTOR
Providers: MSME DEVELOPMENT INSTITUTES (HTTP://WWW.DCMSME.GOV.IN/CONTACTS.HTM#TWO); TECHNICAL CONSULTANCY ORGANISATIONS (HTTP://SMALLB.SIDBI.IN/%20/RESOURCES%20/BENEFIT-EXPERTS%20/TECHNICAL-CONSULTANCY-ORGANIZATIONS)

I WANT TECHNOLOGY SUPPORT

Services: INFORMATION AND FEASIBILITY ASSESSMENT OF TECHNOLOGIES; FACILITATING BUYING
Providers: MSME DEVELOPMENT INSTITUTES (HTTP://WWW.DCMSME.GOV.IN/CONTACTS.HTM#TWO); TIFAC (HTTP://WWW.TIFAC.ORG.IN/); PRIVATE CONSULTANTS/ BDS PROVIDERS; INDIA SME TECHNOLOGY SERVICES LTD (HTTP://TECHSMALL.COM/)

I WANT RAW MATERIAL SUPPORT

Services: INFORMATION AND NEGOTIATION SERVICES; FACILITATING LINKAGES; BULK PURCHASES IF POSSIBLE
Providers: MSME TECH DEVELOPMENT CENTERS (MSME TDCS) (HTTP://WWW.DCMSME.GOV.IN/MSME-DO/KTDPP01X.HTM); NSIC (HTTP://WWW.NSIC.CO.IN/); ASSOCIATIONS (HTTP://DCMSME.GOV.IN/LIST_ASSOCIATIONS.HTM)

I WANT HUMAN RESOURCES

Services: IDENTIFYING, RECRUITMENT
Providers: LOCAL BUSINESS DEVELOPMENT SERVICE (BDS) PROVIDERS; PLACEMENT SERVICES AGENCIES

I NEED MANAGERIAL SUPPORT

Services: MANAGEMENT TRAINING PROGRAMS; CONSULTING SERVICES
Providers: MSME DEVELOPMENT INSTITUTES (HTTP://WWW.DCMSME.GOV.IN/CONTACTS.HTM#TWO); PRIVATE SERVICE PROVIDERS, WHO PROVIDE SERVICES ON A FEE BASIS OPERATING AT VARIOUS LEVELS, USUALLY CALLED THE BUSINESS DEVELOPMENT SERVICE (BDS) PROVIDERS. THE TYPE OF SERVICES RANGE FROM MARKETING, ACCOUNTING, AUDIT, TECHNOLOGY SOURCING, LEGAL ETC.

I WANT MENTOR SUPPORT

Services: MENTORING AND ADVISORY SUPPORT
Providers: MSME ASSOCIATIONS (HTTP://DCMSME.GOV.IN/LIST_ASSOCIATIONS.HTM); PRIVATE BDS PROVIDERS; ANGELS/ MENTOR PLATFORMS; THE INDUS ENTREPRENEURS (WWW.TIE.ORG)

I NEED VENTURE/START UP CAPITAL

Services: INFORMATION ON VCS /STARTUPS; BUSINESS PLANS
Providers: SIDBI VENTURE CAPITAL LTD (HTTP://WWW.SIDBIVENTURE.CO.IN/); HTTP://WWW.SIDBISTARTUPMITRA.IN; STATE VENTURE CAPITAL INSTITUTIONS; INSTITUTIONAL VENTURE CAPITAL INSTITUTIONS; PRIVATE VENTURE CAPITAL INSTITUTIONS

I NEED CREDIT - CAPITAL, WORKING CAPITAL

Services: INFORMATION ON VARIOUS CREDIT INSTITUTIONS; BUSINESS PLANS; FACILITATING CREDIT SERVICES
Providers: BANKS – COMMERCIAL BANKS, REGIONAL RURAL BANKS URBAN COOPERATIVE BANKS (HTTPS://WWW.PMJDY.GOV.IN/GIS/); PRIVATE FINANCIAL INSTITUTIONS, SUCH AS MICRO FINANCE INSTITUTIONS, NON-BANKING FINANCIAL COMPANIES, VENTURE CAPITALS, ETC.; CREDIT BUREAU (HTTPS://WWW.CIBIL.COM/); CREDIT RATING AGENCIES (HTTP://WWW.CRISIL.COM/INDEX.JSP); STATE FINANCE CORPORATIONS(HTTP://SMALLB.SIDBI.IN/NODE/689); STANDUPMITRA.IN AND UDYAMIMITRA.IN

DO I GET SUBSIDY?

Services: INFORMATION ON SUBSIDIES; FACILITATION SERVICES FOR SUBSIDY
Providers: GOVERNMENT SECTORAL FINANCIAL SUPPORT INSTITUTIONS SUCH AS KVIC (HTTP://WWW.KVIC.ORG.IN/), NSIC (HTTP://WWW.NSIC.CO.IN/), NSFDC (HTTP://WWW.NSFDC.NIC.IN/), WEP PORTAL (https://wep.gov.in/schemes/list-of-state-schemes/); SIDBI (WWW.SIDBI.IN); STANDUPMITRA.IN AND UDYAMIMITRA.IN

I WANT TO TEST MY PRODUCT

Services: MAKING AVAILABLE COMMON FACILITY SERVICES IN WORKSHOP/LABORATORIES
Providers: MSME TESTING CENTERS AND MSME TESTING STATIONS (HTTP://DCMSME.GOV.IN/SIDO/KTDRTFTS.HTM); ASSOCIATIONS (HTTP://DCMSME.GOV.IN/LIST_ASSOCIATIONS.HTM)

I WANT MARKETING SUPPORT

Services: MARKET INFORMATION; MARKET LINKAGES – DOMESTIC/ EXPORT; EXHIBITION/ EXCHANGES
Providers: EXPORT PROMOTION COUNCILS; BDS PROVIDERS; WWW.DCMSME.GOV.IN

I WANT MY HUMAN RESOURCES TO BE TRAINED?

Services: CONDUCT SPECIALIZED HUMAN RESOURCE DEVELOPMENT PROGRAMMES IN GENERIC AREAS SUCH AS TOTAL QUALITY MANAGEMENT, CREATIVITY AND INNOVATION BESIDES, RURAL ENTREPRENEURSHIP DEVELOPMENT.; FOR MANPOWER IN SECTORAL INDUSTRY SUCH AS FOOD, FOOTWEAR ETC
Providers: MSME DEVELOPMENT INSTITUTES (HTTP://WWW.DCMSME.GOV.IN/CONTACTS.HTM#TWO); MAHATMA GANDHI INSTITUTE FOR RURAL INDUSTRIALISATION (MGIRI). (HTTP://WWW.MGIRI.ORG/); ASSOCIATIONS (HTTP://DCMSME.GOV.IN/LIST_ASSOCIATIONS.HTM); NATIONAL SKILL DEVELOPMENT CORPORATIONS AND PARTNERS (HTTP://WWW.NSDCINDIA.ORG/TRAININGPARTNERS); NATIONAL INSTITUTE OF FOOD TECHNOLOGY ENTREPRENEURSHIP AND MANAGEMENT (HTTP://WWW.NIFTEM.AC.IN/); CENTRAL FOOTWEAR TRAINING INSTITUTES, MSME-CFTI (HTTP://DCMSME.GOV.IN/SIDO/KTDFW01X.HTM); INDIAN INSTITUTE OF ENTREPRENEURSHIP (HTTP://IIE.NIC.IN/); EDII (HTTP://WWW.EDIINDIA.ORG/)

I WANT TO GET ABREAST WITH LATEST IN MY FIELD

Services: UNDERTAKING RESEARCH AND EXCHANGE EXPERIENCES GLOBALLY IN DEVELOPMENT AND GROWTH OF ENTREPRENEURSHIP.; TO ORGANIZE SEMINARS , WORKSHOPS AND CONFER CONFERENCES FOR PROVIDING A FORUM FOR INTERACTION AND EXCHANGE OF VIEWS BY VARIOUS AGENCIES AND ENTREPRENEURS
Providers: NATIONAL INSTITUTE FOR ENTREPRENEURSHIP AND SMALL BUSINESS DEVELOPMENT (HTTP://WWW.NIESBUD.NIC.IN/); INDIAN INSTITUTE OF ENTREPRENEURSHIP (HTTP://IIE.NIC.IN/); MSME ASSOCIATIONS (HTTP://DCMSME.GOV.IN/LIST_ASSOCIATIONS.HTM)

I WANT TO PARTICIPATE IN EXHIBITIONS

Services: INFORMATION; FINANCIAL SUPPORT; COUNSELING SERVICES ON PROMOTING PRODUCTS; DEVELOPING PROMOTIONAL MATERIALS
Providers: DCMSME – WWW.DCMSME.GOV.IN; NSIC (HTTP://WWW.NSIC.CO.IN/); MSME ASSOCIATIONS (HTTP://DCMSME.GOV.IN/LIST_ASSOCIATIONS.HTM); PRIVATE SERVICE PROVIDERS; STATE DEPARTMENTS / SPECIALISED INSTITUTIONS

I WANT INFORMATION ON KEY WEBSITES

Services: INFORMATION; PROCEDURES AND PROGRAMMES; UPDATES; PROFILES; ASSOCIATIONS- DICCI.ORG, NASSCOM.IN, FICCI.COM,CII.IN, FIWE.ORG, FISME.ORG.IN
Providers: FINANCE CONNECT – RBI.ORG, SIDBI.IN, UDYAMIMITRA.IN, STANDUPMITRA.IN, BANK WEBSITES, RMK.NIC.IN, NABARD.ORG, NSIC.CO.IN; POLICY AND PROGRAMMES- INDIA.GOV.IN, MSME.GOV.IN, DIPP.NIC.IN, FINANCIALSERVICES.GOV.IN, WCD.NIC.IN, SOCIALJUSTICE.NIC.IN,SKILLDEVELOPMENT.GOV.IN,RBI.ORG, RESPECTIVE STATE GOVERNMENT SITES; SKILL-NSFDC.NIC.IN, EDIIINDIA.ORG, NIESBUD.NIC.IN,NIMSME.ORG,CITINDIA.ORG,ILRTINDIA.ORG,; TECHNOLOGY-DST.GOV.IN, PRIVATE SERVICE PROVIDERS; VIRTUAL MENTOR – SMALLB.IN, MSMEMENTOR.IN; WOMEN ENTREPRENEURSHIP PLATFORM (HTTPS://WEP.GOV.IN)

HOW CAN YOU IMPROVE YOUR CHANCES OF GETTING LOANS ?

THE RESERVE BANK OF INDIA (RBI) HAS MADE IT MANDATORY FOR ALL CREDIT INFORMATION AGENCIES IN THE COUNTRY TO GIVE A FREE FULL CREDIT REPORT (FFCR) WITHOUT ANY CHARGE, ON REQUEST, ONCE A CALENDAR YEAR TO INDIVIDUALS WHOSE CREDIT HISTORY IS AVAILABLE. THIS IS APPLICABLE SINCE JANUARY 1ST, 2017. AT PRESENT, THERE ARE FOUR SUCH COMPANIES IN INDIA: CRIF HIGH MARK CREDIT INFORMATION SERVICES PVT. LTD, EQUIFAX CREDIT INFORMATION SERVICES PVT. LTD, EXPERIAN CREDIT INFORMATION CO. OF INDIA PVT. LTD AND TRANSUNION CIBIL LTD.

WHAT IS A CIR ?

A CREDIT INFORMATION REPORT (CIR) CONTAINS DETAILS OF YOUR CREDIT HISTORY, AS COLLATED BY A CREDIT INFORMATION COMPANY, OR A CREDIT BUREAU. WHENEVER YOU APPLY FOR A LOAN, THE LENDER ASKS A CREDIT BUREAU TO CHECK IF YOU HAVE PAID EARLIER DUES ON TIME. THIS FORMS A PART OF YOUR OVERALL CREDIT HISTORY AND WILL REFLECT IN YOUR CIR. INDIVIDUALS ARE ASSIGNED A SCORE BY CIRS, WHICH HELPS TO CHECK THEIR ELIGIBILITY FOR A LOAN. ACCORDING TO ONE OF THE CREDIT INFORMATION AGENCIES 79% OF LOANS APPROVED ARE FOR INDIVIDUALS WITH A SCORE OF MORE THAN 750 (THE RANGE IS 300-900). HAVING A RECENT CIR ATTACHED TO YOUR LOAN APPLICATION INCREASES CHANCES OF IT BEING PICKED UP FOR PROCESSING QUICKLY.

COST OF A ‘FREE’ REPORT

THE RBI HAS TOLD ALL CREDIT BUREAUS TO DISPLAY THE PROCESS OF GETTING A FREE REPORT ON THEIR WEBSITES, WHICH THE COMPANIES HAVE DONE. HOWEVER, THE PROCESS AND THE TIME TAKEN TO GET THIS REPORT VARY FOR ALL OF THEM.

• CRIF HIGH MARK: WHEN YOU ACCESS THE SITE, YOU WILL FIND A LINK TO THE PROCESS FOR A FREE CREDIT REPORT ON THE HOME PAGE (WWW.CRIFHIGHMARK.COM). AFTER YOU CLICK THE LINK, YOU HAVE TO FIRST PROVIDE YOUR KNOW-YOUR -CUSTOMER (KYC) DETAILS SUCH AS: NAME, ADDRESS, EMAIL, MOBILE NUMBER AND PERMANENT ACCOUNT NUMBER (PAN), AADHAR NO. IT THEN SENDS AN EMAIL, WITH USERID AND PASSWORD AND REQUIRES ONE TO ACTIVATE THE ACCOUNT BY CLICKING ON THE LINK. THEREAFTER THE CREDIT REPORT IS SENT BY E-MAIL WHICH IS PASSWORD PROTECTED.

Click on “Get Your Free Credit Report” on our website www.crifhighmark.com
Login with your login credentials or social media credentials or continue as guest.
Fill the form with basic details. Please note that you have to provide either correct PAN or UID to be able to receive your free Credit Information Report.
Click on Submit. Email will be sent to your registered email-ID with steps to proceed further.
CRIF High Mark will verify the details provided by you.
If you receive a message that your details could not be verified, please enter the correct details and resubmit the form.
If you are still facing any problems, please send email to crifcare[at]crifhighmark[dot]com from your registered email-ID.
On successful verification of your details, you will be emailed your Credit Report ID & link for answering the Credit Report Related Questions.
On successfully answering your Credit Report Related Questions, your FREE Credit Information Report will be delivered to your registered email-id.
If you fail at answering the Credit Report Related Questions, send email to crifcare[at]crifhighmark[dot]com with the Credit Report ID and you would be given guidance on how to proceed further.
Still have any query? Do reach us at 020-67057878.

• EQUIFAX: ON THE HOME PAGE (WWW.EQUIFAX.CO.IN), YOU CAN FIND A PROMINENT LINK WITH A PROCESS NOTE TO GET THE FREE REPORT.

• EXPERIAN:
URL: HTTP://WWW.EXPERIAN.IN/CONSUMER/EXPERIAN-FREE-CREDIT-REPORT.HTML

PROCESS FOR OBTAINING THE FFCR THROUGH THEIR PORTAL:

• STEP 1 :- PLEASE LOGIN TO HTTP://WWW.EXPERIAN.IN/CONSUMER/EXPERIAN-FREE-CREDIT-REPORT.HTML

• STEP 2 :- FILL IN THE DETAILS AS REQUESTED ON THE FORM

• STEP 3 :- POST COMPLETING ALL THE FIELDS PLEASE CLICK ON “REQUEST FREE VOUCHER”. YOU WILL RECEIVE THE VOUCHER CODE TO AVAIL YOUR FREE EXPERIAN CREDIT REPORT WITHIN 48 HOURS.

• STEP 4 :- PLEASE FOLLOW THE INSTRUCTIONS PROVIDED WITH THE VOUCHER CODE TO AVAIL YOUR FREE EXPERIAN CREDIT REPORT.

• TRANSUNION CIBIL: THE LINK TO THE FREE CREDIT REPORT ON THE WEBSITE IS ON THE HOMEPAGE (WWW.CIBIL.COM), AT THE BOTTOM. THE FREE REPORT LINK DIRECTS YOU TO A REQUEST FORM. WHEN AN ASPIRANT IS APPLYING FOR LOAN THROUGH PORTAL , THE PORTAL REMINDS ABOUT OBTAINING CIR. PORTAL ALSO DIRECTS TO ONE OF THE ABOVE AGENCIES.

DO's and DONT's for Customers related to Credit Score

WHAT ARE THE DO'S AND DON’Ts OF CREDIT?

DO's: • Always remember to clear your dues on time.; • Always take care that, after a credit card dues or loan is settled, next Credit Information reports (CIRs) reflects the same.; • Always have a balanced mix of secured and unsecured loans.; • Beware of fluctuations in Income & low balance in the banks at the end of the month. Low balance can lead to lower scores.; • CIRs may be taken at least six months prior to approaching for a loan or its enhancement such that if any area requires to be attended, the same can be done.; • Do your spending or repayments (always make payment on or before due date) carefully/timely. It impacts scores.; • Ensure that your credit card dues & payments get reflected in your statement.; • Make payment through RTGS/NEFT/IMPS.; • Make a provision on working capital account for interest posting.; • Sufficient credit every month to service interest of particular month.; • Maintain list of cheques issued.; • Check that scheduled payment got debited.; • Clear the dues before going on holiday.
DON’Ts: • Default on your loan installments. Making late payments or defaulting on your dues negatively affects your score.; • Approach many banks simultaneously, each search may affect your chances.; • Open many new accounts at one go or open new account without knowledge of your banker. This may not be viewed positively by lenders.; • Apply for loan without proper planning.; • Issue cheque if clear balance is not there.; • Overdraw the account.; • Disconnect the calls of banker.; • Forget your due date of all credit facilities.; • Pay a single penny of penal interest. It affects your credit habit.; • Withdraw cash for personal use.; • Take credit from unknown person.; • Just rely on memory. Do schedule your payment on system.; • Just rely on your employee to clear your dues on time.

WANT TO KNOW ABOUT GST?

GST

The goods and services tax (GST) paves way for a single national market by merging several central and state taxes. It is also expected to make Indian products more competitive in both domestic and international markets and at the same time, it will be transparent and easier to administer.

The Concept- The GST is a destination-based single tax on the supply of goods and services from the manufacturer to the consumer and is one indirect tax for the entire country. GST will replace multiple taxes such as central value added tax (CENVAT), central sales tax, state sales tax and octroi (Table 1.1).

Table 1.1: Taxes subsumed under GST
Central level	State level
1. Central Excise Duty	1. State Value Added Tax
2. Duties of Excise (Medicinal and Toilet Preparations)	2. Entertainment Tax (other than the tax levied by the local bodies)
3. Additional Excise Duty	3. Central Sales Tax (levied by the Centre and collected by the States)
4. Service Tax	4. Octroi and Entry tax
5. Additional Customs Duty commonly known as Countervailing Duty	5. Purchase Tax
6. Special Additional Duty of Customs	6. Luxury tax
7. Cesses and surcharges in so far as they relate to supply of goods or services	7. Taxes on lottery, betting and gambling
	8. Taxes on advertisements
	9. State Cesses and surcharges in so far as they relate to supply of goods and service

A common base and common rates across goods and services and similar rates across states and between Centre and states will facilitate better tax administration / compliance and alleviate double taxation. GST is levied at the national level on consumption of goods and services . Credits of input taxes paid at each stage will be available in subsequent stages of value addition, which makes GST essentially a tax on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain with set-off benefits against all previous stages. Consequently the benefits of GST are manifold spanning across business, government and the consumer.

What GST implies for Business

• Easy compliance: a robust and comprehensive information technology (IT) platform and seamless transfer of input tax credit from one stage to another in the value chain would incentivise tax compliance.

• Uniformity of rates and structure: GST will ensure that tax rates and structure are common across the country, thereby increasing certainty and ease of doing business

• Removal of cascading: seamless tax credits throughout the value-chain and across states would ensure minimal cascading of taxes, thus reducing hidden costs of doing business.

• Reducing compliance cost: The uniformity in tax rates and procedures across the country will economise on compliance cost.

• Gain to manufacturers and exporters: the subsuming of major taxes in GST and reduction in transaction costs would lower the cost of locally manufactured goods and services and increase India’s export competitiveness.

(source STATE FINANCES : A STUDY OF BUDGETS, RBI)

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