I have an industrial project which is viable, eco-friendly, clean & green, self-sustainable and long term profitable.
But, there is no bank/institutions/SFCs/NGOs which gives loan without collateral security. The requirement is for about Rs.40 lacs, where as even nationalised banks who run pages and pages of advertisements about SME loans of upto Rs.99 lacs, are demanding security of more than 150% of the loan amount.
Re: Very very true...
by ANKIT TALREJA on Nov 04, 2011 09:17 PM
Financial Institutions are reluctant to finance new projects.I'd advice you to approach private equity investors or venture capitalists.After some experience,banks will agree to fund your projects on liberal terms.
Re: Re: Very very true...
by san on Nov 08, 2011 11:12 AM
Good answer Ankit and I appreciate your intention of replying to someone and trying to help the person. If only we have more friendly people like you everywhere who just dont put down people and see the positive side in everything. Please carry on this work as you really dont know how many people you might be able to impact.
indians are basically quarrel mongers/creators. they pull legs of each other. this is the reason for under develodpment of the country. mutual hatred and jealous has brought the country into this sorry state of affairs. merit is never the consideration nor is valued. merit is undervalued at every moment.
India pips Asian peers in family-run biz (Business Standard)
India tops Asia for family-controlled listed companies (The Press Trust of India)
India ranks higher than most Asian economies in terms of the number of family businesses, says a latest study by global financial major Credit Suisse. The market capitalisation of Indian family businesses as a share of the nominal gross domestic product (GDP) rose from nine per cent in 2001 to 46 per cent in 2010. The report defines family businesses as those where a family or any of its members holds at least 20 per cent of the cash flow rights in the firm, either directly or indirectly, through holdings in private or public entities. The report says India, with 67 per cent share of family businesses, ranks first among the 10 Asian countries studied. The survey also covered China, South Korea, Taiwan, Singapore, Thailand, Hong Kong, Indonesia, Malaysia and Philippines. “India has the highest percentage (67 per cent) of family businesses among the 10 countries studied and its family businesses contribute significantly to investments and employment,” says the report. Further, 663 of the 983 listed Indian companies are family businesses and account for half of corporate hirings, concentrated in the consumer discretionary, consumer staples and consumer healthcare sectors, it adds.
Ihave served as project financing manager in a public sector bank I had been told by entrepreneurs that when ever a new project was set up congress politicians MP MLA COuncillors depending upon size of project start ed harassing them asking money and jobs for their relatives and friends If their demands were not met they used to tip off income tax sales tax excise and electricity dept against them It is very very difficult to successfully start a new project in india
Re: Re: start up
by SUDHIR PARASHER on Nov 04, 2011 01:06 PM
Well said OM & Sekar! Congress Politicians are sucking all Indians for the last 60 years. They have put this money in foreign banks.Now genuine people like Anna,Ramdev,Bedi,Arvind are raising this issue their faithfull dogivijay Singh is barking on every body who is speaking against corruption of congress politicians. Politics has become big business. They are defending their business and wealth earned.
thats really nice to read ur success. i find more than ur tech background ur practical nature to adjust to ground realities made u successfull. now let us ask people who r skeptical abt our young, whether they r ready share their resources with our gennext. no doubt our teachers and teaching institutes need to upgrade to todays hightech, they also need to b near to the ground by behaviour.
