I WANT TO START MICRO FINANCE BUSINESS WITH RS 20000 AS CAPITAL ,HOW I CAN PROCEED WITH DETAILS?

1. Statutory chartering mandate
2. whome to approach
3. the commercial operation model

{ 1 comment… read it below or add one }

Chiranjeevi May 2, 2010 at 9:46 pm

if you can invest Rs. 20,000/- and banks share shall be say Rs. 80,000/- totalling Rs1,00,000/-
since you are a specialist in rain harvesting systems which it self is an inthing in todays time and has demand , it is better to proceed with the same

you need a detailed project report for the purpose of banks as to how much this will cost, what are the inputs/rawmaterials , where you are going to sell the product/who are your likely customers, whether there is decent turn over to enable you to return the bank loan

regarding statutory requirements you may have to approach state single window agency for industries for the licencing

business model : generally it is advised to go in to the business you have dealt in/ you have the basic knowledge since you are a rain water harvestin specialist , also it needs less capital you may opt for the same

NOTE: YOU CAN HAVE THE SSI BENIFITS ALSO

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