babasaheb-ambedkar-national-association-engineers
Economic Activities
Economic Activities
Economic Activities
ENTRAPRENEUR CELL

The general mindset of our community is to depend on services that we are getting out of reservations. However due to globalization and privatisation the socio- economic structure of society as a whole has considerably changed and it has become difficult to get jobs. (the process has already started) Naturely we have to lay the way in business, trade & entraprenership, for coming generation. We must prepare our community to have a substantial stake in this field which will definately safegaurd the socio- economic interest of coming generation in future.

Due to globalisation the world has come closer & globe has become market. We can avail this facility of market by satisfying needs of community. The rules, regulation, market position, demands, need supply & availability of raw material, the machineries & equiptment required for production & the detail process can be assessed through internet. Besides the world of advertisement captures the sentiments of customer, creating demands which can be linked up with sales. The products which otherwise were hard to get the market is having many options to sale due to free & competative market.

Government of India has notified that 4% procurement of annual requirement for goods & services by all Central Ministries, Public Sector Undertaking will be from Micro & small enterprises (MSE) owned by SC/ST entrepreneur. The policy will become mandatory from year 2015 onwards. Besides both Central & state government has given many facilities to backword classes for establishing new business.

In the era of globlisation, to be an entrepreneur has become a sign of prosperity. Therefore it is felt that engineers upcoming from our community should jump in to the field of business, trade & entrepreneurship. BANAE has already created a “Entrapreneur cell” to help and cater guidance to develop & establish business. It is requested to contract Er. Prafulla Wankhede Joint Secretary BANAE (Mobil No. 9822693727) in this regards.

Click Here for MIDC Website    www.midcindia.org

Click Here for MSSIDC Website    mssidc.maharashtra.gov.in

Buddhist Entrepreneurs

Vision: To build Buddhist Entrepreneurs Network & Promote Business within Network.
Mission:
1 Promote Business within community
2 Create Business Opportunity to members
3 Create Employment

Click Here for Buddhist Entrepreneurs Website    www.buddhistentrepreneurs.com


Venture Capital Fund for Schedules Caste.

(An Invitative of Ministry of Social Justice & Enpowerment Govt. of India)
Venture Capital is a form of risk capital, that is invested in a business when there is a subtantial element of risk relating to future creation of profits & cash flow. Risk capital is invested as shares (equity) rather than as a loan. As a shareholder, the venture capital return is dependant on growth and profitabihly of business.

In order to promote entraprenership amog Scheduled Caste and to provide concessional finance to them The Finance Minister in his interim budget speech for F Y 2014-15 announced setting up of Venture capital fund for Scheduled Caste with the help of IFCI & Government has provided as an initial capital of Rs. 200 Crores for this purpose.

Objective of the scheme

1) Promote the entrepreneurship amongst Scheduled Caste who are oriented towards innovation & growth of Technologies.

2) To provide  concessional finance to the S C  entraprenueres who will creat Wealth & value for society and @ the same time will promote profitable business.     

3) To increase financial inclusion for SC entraprenueres and to motivate them for further growth of SC communities.

4) To develope SC entraprenuership economically

5) To enhance direct and indirect employement generation for SC population in India


Eligibility criteria

1) Companies having at least 60% stake holding by   Scheduled Caste  entraprenueres for the past 12 Months with Managerial Control.

2) While selecting the SC entraprenueres, women SC entraprenueres would be preferred.

3) The companies applying assistance for more than Rs. 5.0 Crore shall preferably get their project appraised by banks/ FIS


Scheme details

1)    Tennur of  Financial Assistance  - 6 yrs

2)    Investment size – Rs 0.50 crore @ Rs15.0 crore.

3)    Expected Return – Equity – 15% p. a.  & Debt – 10 % P. a.

4)    Financial Assistance
        1) Upto 5 Crores – Funded max upto 75 % & 25 % share shall be that of promoter. 
        2) More than 5 crores - Funded max upto 50%, 25 % to be funded by banks & 25 % share shall be that of promoter.

5)     Moratorium on principal – Upto 3 yrs. From date of  investment.

6)     Nature of financial Assistance – Equity upto 25% & Equity related debt instrument such as convertible and non convertible debentures.

7)     Security :- Project Assests including land, building, plant & Machinary and
rights on liscences / patents.

8)     Time limit for completion of Project :- Upto 2 yrs from date of disbursement.


Selection Process

1)    Screening Committee:-
        1) The proposals shall be put up before screening committee for initial analysis to see whether proposals are meeting the Eligibility criteria & Preliminary Appraisal Parameters.
          2) After clearance of the Screening Committee the proposal shall be taken up for detail appraisal negotiation & structuring.

2)    Investment Committee :-
        1) The detail proposal shall be considered for sanction
        2) The quantum of Assistance shall be decided by Committee

3)    Legal documentation Stage :- After sanction of Investment Committee LOI alongwith Terms & conditions shall be issued to invester. The invester has to execute all legal documents required.

4)    Disbursement -     Disbursement shall be made as per Termes & condition of sanction.

Preparation of Project Report  :- The Technical Consultancy Organisations (TCO) promoted by IFCI shall help entraprenueres for making project proposal
Status of Venture capital Funds for SC upto 30/6/2015 - So far 11 entraprenueres all over India have been given financial Assistance of Rs.44.96 Cr. Under this scheme. Out of these 11 entraprenueres, 4 entrapreneres belong to Maharashtra. ( Nagpur -2 & Pune -2)

                   The prelinimay Appraisal Form & Detailed Due Deligence Modules and online application forms etc are available on Website social justice.nic.in  → Venture Capital Fund for Schedules Caste.   (New)


Click Here for Ministry of Social Justice and Empowerment eebsite    www.socialjustice.nic.in