(Tamil) Fresher to Entrepreneur - Start your business - MSME DI, Coimbatore

Interview with Mr. Sathesh Kumar, Deputy Director, MSME-DI, Coimbatore
Business Loan Schemes for Entrepreneurs:
PMEGP
UYGP
CGFTS
NEEDS
MUDRA

Guidance For Entrepreneurs - MSME Expo 2017, Coimbatore

MSME - is a government organization. It is giving opportunity for a prospective entrepreneur to start a new business or helping an entrepreneur who is already continuing his entrepreneurial journey. If he/she is a first generation entrepreneur, MSME gives advice and solution on how to choose a product based on their interest, educational and financial background and give counselling on them. There is a robust opportunity for machinery components, automobile parts and other ancillary products. On a counselling session, we give details regarding like cost of machinery, how to repair when problems arise, and what are cost effective options in repairing. The counseling session details on how to choose a product, total cost for the project and how much the prospective entrepreneur have to invest his/her own money which is 1/4th of investment is to be invested by the entrepreneur, remaining amount is released by govt. We give valuable insights on market potential, domestic potential, international potential and market value for the product. For example, 10 lacs an entrepreneur wants to invest for his new project, he is limited to a size of a regional state. Depending on his/her educational background and financial background, we give suggestions to scale his business to a investment of 1 crore.

Five types of loan:
25 lacs for PMGEP
1 to 2 crores on Credit Guarantee Fund Trust scheme
1 crore - NEED for manufacturing
50,000 - 100000 - Mudra for trading