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Debt Syndication / Fund Raising Inquiry Finance is a very important factor and part of any business. More Importantly its type and amount of fund required for each business. We at SHIVA CONSULTANCY GROUP are seasoned Ex Bankers and Entrepreneurs are always ready to take up any challenging but promising case to support you to reach your dr...
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Scheme of Fund for Upgradation and Regeneration of Traditional Industries (SFURTI) aims to set up more Common Facility Centres for generating sustained employment opportunities
The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman said that the Government aims to set up more Common Facility Centres (CFCs) under the ‘Scheme of Fund for Upgradation and Regeneration of Traditional Industries’ (SFURTI). Presenting the Union Budget 2019-20 in the Lok Sabha today, she said this will facilitate cluster based development to make the traditional industries more productive, profitable and capable for generating sustained employment opportunities. The focused sectors are Bamboo, Honey and Khadi clusters. SFURTI envisions setting up of 100 new clusters during 2019-20 to enable 50,000 artisans to join the economic value chain.
The Scheme for Promotion of Innovation, Rural Industry and Entrepreneurship’ (ASPIRE) has been consolidated for setting up of Livelihood Business Incubators (LBIs) and Technology Business Incubators (TBIs). The Scheme contemplates setting up 80 Livelihood Business Incubators (LBIs) and 20 Technology Business Incubators (TBIs) in 2019-20 to develop 75,000 skilled entrepreneurs in agro-rural industry sectors.
The Finance Minister further said that fishing and fishermen communities are closely aligned with farming and are crucial to rural India. Through a focused Scheme – the Pradhan Mantri Matsya Sampada Yojana (PMMSY) – the Department of Fisheries will establish a robust fisheries management framework. This will address critical gaps in strengthening the value chain, including infrastructure, modernization, traceability, production, productivity, post-harvest management, and quality control.
Reiterating the government’s commitment to investing widely in agriculture infrastructure, the Minister said that government will support private entrepreneurships in driving value-addition to farmers’ produce from the field and those from allied activities, like Bamboo and timber from the hedges for generating renewable energy. She said, “Annadata can also be Urjadata”. She also announced that 10,000 new Farmer Producer Organizations will be formed to ensure economies of scale for farmers over next five years. Dairying through cooperatives shall also be encouraged by creating infrastructure for cattle feed manufacturing, milk procurement, processing & marketing”.
On agricultural marketing, the Finance Minister said “This Government will work with State Governments to allow farmers to benefit from e-NAM. The Agriculture Produce Marketing Cooperatives (APMC) Act should not hamper farmers from getting a fair price for their produce. Ease of doing business and ease of living both should apply to farmers too. We shall go back to basics on one count: Zero Budget Farming. We need to replicate this innovative model. Steps such as these can truly double our farmers’ income in time for our 75th year of Independence”.
source : pib
The Government proposes to integrate a FASTag Bank Mechanism with e-way bill and Logistic Data Services to track movement of goods and check GST evasion. The Government is contemplating integration of E-Way Bill mechanism of GST with FASTag System of National Highway Authority of India (NHAI). The aspect of Logistic Databank integration with FASTag System is being examined.
A Committee of Officers comprising of officers from Central Government, State Governments, GSTN (Goods and Services Tax Network), NIC (National Informatics Centre), GST Council, to examine the issue of use of RFID data for strengthening of E-Way Bill mechanism under GST, was formed by GST Council. The representatives of NHAI and NPCI (National Payments Corporation of India) were also co-opted in the committee. The Committee of Officers has submitted its report to the GST Council, recommending integration of FASTag system with E-Way Bill mechanism. The recommendations of the Committee are under consideration by GST Council. Further, with regard to integration of FASTag with LDB, a committee comprising of Central Board and Indirect Taxes and Customs (CBIC), NHAI & its associates, NPCI, GSTN, NIC, Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) & its associates was formed to examine the feasibility of the same. The committee has submitted its report, which is being examined.
This was stated by the Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman in a written reply to a question in Lok Sabha.
24 JUN 2019 5:18PM by PIB Delhi
Warehouse Receipt based commodity finance from RS 5 cores to 15 crores against any agricultural commonly stored in Gujarat within 3 working days.
Contact if required
Email : [email protected]
Soon, you might be able to make payments at merchant outlets with a tap of your phone. The National Payments Corporation of India is launching a pilot with PhonePe, ToneTag and Ultra Cash to allow proximity payments using the Unified Payments Interface. In this system, a customer can identify their phone using Bluetooth or the near-field communication technology. “Once the stability and security of these processes are ensured, they could be tried at a larger scale,” an undisclosed person told Economic Times. Proximity payment solutions are cheaper than point-of-sale terminals, and have less scope for manual error.
Warehouse Receipt based commodity finance available from a reputed NBFC in India for the amount of RS 5 crore to 50 crores within 4 working days. Disbursement at ease of borrower, bullet repayment on STL on due date, no monthly repayment of interest or EMI required.
Minimal documents required to proceed.
Anyone dealing in Agricultural Commodity for storage, trading, hedging or processing can avail the facility to support its business by additional funding to stock the seasonal goods and manage inflation risk due to market speculation.
Primarily we are looking for entrepreneurs based at Gujarat and Rajasthan only for April and May 2018.
Please share your profile and Financial documents to [email protected] to check your eligibility within 3 working hours to plan your Financial needs