The charitable company is registered under Section 8 of the Companies Act, 2013, which provides it special status due to its objects. Compared to other types of companies, Section 8 company enjoys various exemptions and relaxOBC Mahamandal Loan" ?>&service=Loan Assistance" class="color_text">• OBC Mahamandal Loan

• Startup Loan

The charitable company is registered under Section 8 of the Companies Act, 2013, which provides it special status due to its objects. Compared to other types of companies, Section 8 company enjoys various exemptions and relaxations.

Popularly known as Section 8 company is a company registered with charitable objects such as the promotion of Arts, commerce, science, education, sports, protection of the environment, religion, charity, etc. By promoting it as a not-for-profit organization, the Act does not bar the company from profit creation but rather prohibits distributing profit among members. This says that all the income or profit from any activity of the company must be utilized towards charitable purpose for which it is registered.

UDAN is an online platform offering registration in StartUp India Scheme to avail StartUp India Recognition Certificate. At UDAN we cater to clients looking for a better, faster and affordable online StartUp India Recognition Registration Services.

Udyam registration is a general certification that allows micro, small, and medium enterprises to register themselves with the government. This registration provides the MSMEwith a commendation certificate and a unique identity number.

The Annasaheb Patil Economic Development Corporation (APEDC) has implemented three schemes to help people with their financial needs.

Personal loan Interest Repayment Plan

Group Loan Interest Repayment Scheme

Group Project Loan Scheme

The government has recently announced a new scheme that will provide loans of up to Rs. 15 lakhs to families whose annual income is less than 8 lakhs. This is a great opportunity for those who are in need of financial assistance but do not have the required income to qualify for a loan.

Under this scheme, the beneficiary will be required to pay the loan installments on time. If they do so, the interest amount will be credited to their bank account with the help of DBT (Direct Benefit Transfer). This is a great way to ensure that the beneficiary receives the benefit of the loan without having to worry about repaying it.

The Package Scheme of Incentives, introduced in 1964, has been amended from time to time. The Scheme as amended last is commonly known as the “Package Scheme of Incentives- 2013” (PSI-2013) and was operative since the 1st April, 2013.

The State Government has recently declared the New Industrial Policy – 2019 to ensure sustained industrial growth through various innovative initiatives so as to further improve the conducive industrial climate in the State and to provide global competitive edge to the industries in the State.

The policy envisages grant of fiscal and non-fiscal incentives to the Industrial units with a view to help the units achieve higher, sustainable and inclusive economic growth with emphasis on balanced regional development and employment generation through greater Private and Public Investment in industrial sector.

It is therefore necessary to amend the Package Scheme of Incentives-2013, in the light of the Industrial Policy-2019 and introduce a new “Package Scheme of Incentives 2019“, containing details of eligibility criteria, quantum of incentives and monitoring mechanism for administering the incentives during the period from 1st April, 2019 to 31 March, 2024 or till the new Package Scheme of Incentives comes into force.

1. Period – The PSI – 2019, as may be amended by the Government from time to time, shall remain in operation from the 1st April 2019 up to 31st March, 2024 or till the new Package Scheme of Incentives comes into force.

2. Coverage – The following categories of Eligible Industrial Units in the Private Sector, Cooperative Sector, State Public Sector/Joint Sector shall be eligible to be considered for incentives under the PSI- 2019

Government of Maharashtra has approved the introduction of a new credit linked subsidy program called Chief Minister Employment Generation Program (CMEGP) for generation of employment opportunities through establishment of Micro & Small Enterprises (project cost limited to Rs. 50 lacs) in rural as well as urban areas in the state.

The Prime Minister Employment Generation Programme (PMEGP) is a Government of India-backed credit-linked subsidy scheme. Under this scheme, beneficiaries can get a subsidy amounting to 15-35% of the project cost from the government.

Scheme of Fund for Regeneration of Traditional Industries (SFURTI) is an initiativeby Ministry of MSME to promote Cluster development. Khadi and Village Industries Commission (KVIC) is the nodal Agency for promotion of Cluster development for Khadi.

The Ministry of Micro, Small and Medium Enterprises (MSME), Government of India (GoI) has adopted the cluster development approach as a key strategy for enhancing the productivity and competitiveness as well as capacity building of Micro and Small Enterprises (MSEs) and their collectives in the country.

A cluster is a group of enterprises located within an identifiable and as far as practicable, contiguous area and producing same/similar products/services.

The essential characteristics of enterprises in a cluster are (a) Similarity or complementarity in the methods of production, quality control and testing, energy consumption, pollution control, etc (b) Similar level of technology and marketing strategies/practices (c) Channels for communication among the members of the cluster (d) Common challenges and opportunities.

The Government of India encourages farmers in taking up projects in select areas by subsidizing a portion of the total project cost. All these projects aim at enhancing capital investment, sustained income flow and employment areas of national importance.

NABARD has been a proud channel partner of the Government in some of these schemes shown in this section. Subsidy as and when received from the concerned Ministry is passed onto the financing banks.

ISO certificate is a certification that provides standards to the organizations and thus shows the way to innovation and development of trade. ISO Certification is mandatory to form certain standards that ensure products and services' quality, safety, and efficiency. It also ensures that the products and services of the company meet the customer and regulatory requirements. It certifies that the company's management system complies with an ISO standard beneficial to the business, clients, and employees/team.