Why Miss Business Subsidy Planning?
More than 90% Businessman has not planned for subsidy at the time of starting their business. They planned for Land, Building, Plant & Machinery, Bank Loan, Raw Material, Marketing and Sales, Own Fund Requirement, Labor etc. but not make proper planning for Business Subsidy.
The Main reason for not planning the Business Subsidy is wrong myths pertained by majority of businessman.
We have observed that most of businessman pertaining the wrong myths for subsidy due to following reasons:
- Lack of Subsidy Knowledge
- Not Having Subsidy Timely Update
- Fear about Subsidy Documentation
- Absence of Good Subsidy Consultant
But now the time has been changed. Being a Businessman, you need to update yourself. You need to change the traditional mindset of doing the business and adopt dynamic and IT Based Business practices.
Now, Subsidy Claiming has become easy due to following changes:
- DBT Concept (Direct Benefits Transfer)
- Synced with Banking Systems
- Online Portal (Track the Subsidy Process and Status)
- Subsidy Vs Incentives Concepts
- Converge with Multiple Department Subsidies (Integrated Approach)
- Subsidy Dashboard.
- Spreading Awareness (Eco – System)
- Ease of Doing of Business.
Subsidy Statistics:
For removing the myths about subsidy, we are sharing herewith an example of Online Subsidy Approved by the Department of Agriculture and Farmer Welfare of Govt. of India:
This Department has implemented the Scheme of “National Agriculture Infra Financing Facility” for the businessmen who have carried the business activities in Agriculture sector such as Godown/Cold Stores/Rice Mill/Dall Mill/Flour Mill/Waste Management Project/Bio Energy/Primary Processing Units etc.
Under this scheme, Department is providing Interest Subsidy @ 3% for 7 Years up to Collateral Free Loan Amount of Rs. 2.00 Cr. (No any physical Documents demanding, completely online process of claiming the Interest Subsidy benefits)
You will be surprised see its statistic for last 3 Year.
Your Subsidy Planning eBook
| Total Number of Registered Beneficiaries. | 54,629 Businessmen |
| Total Number of Application Received by the Department | 42,952 Business Project |
| Project Cost of Sanctioned Projects | Rs. 28,035 Cr. |
Apart from the Centre Govt. all State Govt. has also frame the online portal for Subsidy and incentives. A Businessman can now track the status of his Subsidy application.
So, time has come to remove the wrong myths of Business subsidy and ensure the right Business Subsidy Planning.
For, more information on this you are requested to contact our KIP subsidy helpline on Mail – sales@kipfinancial.com and contact Number- +918683898080
KIP Financial Consultancy Pvt. Ltd.
DSB – 38, Red Square Market, Hisar – 125001 (HR)
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