Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2014-07-07

Karnataka Govt forming a scheme to back new units in villages

The Karnataka government is forming a scheme to provide Rs 10-lakh financial assistance for those who are setting up their units in the rural parts of the state.

The Karnataka government is forming a scheme to provide Rs 10-lakh financial assistance for those who are setting up their units in the rural parts of the state.



Explaining this , M Shivashankar, Joint Director, Mysore District Industries Centre (DIC),  said, at the weekend, the scheme was being modelled on the lines of the Central scheme that offers Rs 25 lakh loan facility for those young entrepreneurs who established new industries under the PMEGP scheme.
 

He said, those aspiring to start small industries believe that obtaining a bank loan is difficult.
 

He also said that banks should properly inform such entrepreneurs of all details on the documents required to sanction a loan and guide them properly. He said this while addressing an awareness programme on ‘Sustainable Financing to Optimise Growth of MSMEs’, jointly organised by the Assocham Mysore Industries Association (MIA) and DIC.

Related opportunities
  • About:Ladybond is a growing and progressive womenswear brand by Ideasnu..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 200 - 400 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Furniture/Home Decor & Furnishing
    About:Based in Kolhapur, Bedrox is an innovative designer bed concept..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Mobile Vans & Food trucks
    About 6 Pack MomoSix Pack Momos is a high-tech food..
    Locations looking for expansion Haryana
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Faridabad Haryana
  • About:Established in 2012,Hot Fut Sports,a venture of Hot Fut Sports..
    Locations looking for expansion Maharashtra
    Establishment year 1950
    Franchising Launch Date 2015
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 6000 - 50000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities