A boost for startups

Posted by on Apr 6, 2015 in Start-up business | 0 comments

Young entrepreneurs can look forward to better support in Bengaluru as Nasscom’s Startup Warehouse is set for expansion.  The facility, located on HAL Airport Road, will quadruple in area from 9,000 sq ft to 36,000 sq ft, and get more infrastructure.  It is part of Nasscom’s two-year-old 10,000 Startups initiative to boost the burgeoning startup ecosystem.

Nasscom plans to run an intensive skill-building programme customised for early stage startup companies.  Besides, Nasscom will also provide access to veteran startup founders and ever widening network of angels for hands-on-mentorship.

The programme is rolling into its fourth phase for which about 200 firms will be shortlisted by a panel of experts.  Applications, processed on FIFO (first in first out) basis till April 22, 2015 have to be made at 10000startups.com.  The seat allocation is an ongoing process, with applications monitored regularly.

Each startup gets up to 5 seats in the 70 seater room that is open round the clock.  There is a 10 Mbps broadband leased line, besides 100% power backup and four meeting rooms.

As part of the expansion, the Bengaluru Warehouse will have a dedicated mentor program attached to it, and also India’s first IoT lab, a design lab and a mobile lab.

Source: The Hindu

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State Bank of India – SME branches, Hyderabad and Secunderabad

Posted by on Mar 10, 2015 in Business | 4 comments

Following are some of the SME loan products from State Bank of India.  These are specifically designed by SBI in support of improved credit to SMEs.  The inline image shows the SME branches of SBI in Hyderabad and Secunderabad twin cities.  The details herein are drawn from SBI loan product sheet and aspirant individuals, SMEs may contact the SME branches of SBI falling under their jurisdiction in twin cities.  The information is given for the benefit of readers and I don’t deal with facilitating loans.  However, I can assist individuals and organizations in project fund / Project finance documentation, representation of your project fund requirement with relevant funding organizations, and professional support in the context.

sbi sme branch loan products

SME Current Accounts:

  1. SME Power pack, SME Power gain, SME Premium
  2. Business Current Accounts with QAB ranging from INR 20,000/ to INR 5.0 lakhs
  3. Freebies, concessions and nil charges on various transaction in the account
  4. Business Debit Card and Insta Cash Deposit Card facility available
  5. Current Account withdrawals can be made in ATMs with BDCs
  6. Cash Deposit can be made in CDMs with ICDs
  7. Under Surabhi Deposit Scheme Business Current Accounts will earn interest also.

POS (SWIPING) Machine & Power POS account

  1. POS machines with wide acceptability of debit/credit cards with attractive merchant discount rate.
  2. Power POS current account may be opened with zero balance
  3. POS overdraft facility of INR 25,000/-

Asset backed loan (ABL)

  1. Business units can avail the loans under the scheme for build up of current assets, fixed assets, modernization and such purposes
  2. 60% of the value of the property
  3. Minimum of INR 10.00 lakhs and maximum of INR 20.00 crores
  4. Very attractive rate of interest at 11.75% [enquire with bank for the current rate of interest]
  5. Drop line overdraft facility
  6. Half yearly stock statement

Open term loan

  1. A pre-approved term loan facility – option of multiple disbursement for multiple purposes
  2. Business units may finalise plan and avail the disbursement within 12 months
  3. Useful for existing units banking with SBI or other banks
  4. Maximum of INR 2.50 crores
  5. Collateral as per the bank norms

Electronic Dealer Finance Scheme (e-dfs)

  1. To provide financial assistance to authorised dealers of industry majors(IMs)
  2. Bank has tie ups with a large number of IMs for providing e-DFS to the dealers authorised by IMs
  3. 100% funding of invoices
  4. Collateral security @ 25% or inil as per the tie up with IM
  5. Very attractive rate of interest @ 10.30% presently
  6. Disbursements are on specialised e-platform through INB

Project finance for large value private builders

  1. Working capital finance on Project specific basis
  2. Reputed, successful quality builders with 3 ventures minimum experience
  3. Upto 50% finance of the net requirement
  4. Subject to statutory clearances from all competent authorities
  5. CRA linked interest rates
  6. 100% mortgage of land & building / alternate collateral
  7. Repayment in 24 months (max) extendable to 36 months

All the above SME loan products are as announced by SBI which may revise them from time to time.  Hence, readers may confirm the operation and admissibility factors with their relevant SME branch.


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Top 10 Business Opportunities for year 2015

Posted by on Nov 24, 2014 in Business, Start-up business | 11 comments

Top 10 business opportunities in 9 business sectors for year 2015

India definitely is traveling on a progressive and visionary path.  Progressive path would mean new job opportunities and attractive self-employment sources.  Newness may be triggered by capacity addition by existing businesses, diversification by existing businesses, budding young entrepreneurs or foreign investments flow.

Compared to the last five years I find these days an increased momentum among first generation business aspirants.  I am receiving more enquiries and more serious seekers for first time business guidance.

Today’s market is in a position to accommodate any number of new entrants and innovative offerings.  We find a positive momentum around us in the market.  Mission Make in India and resultant momentum and the stability factor of government at center are the driving factors for this positive trend.

However, growth and progress should not be linked to the growth and expansion of business by existing business owners or foreign investments.  Growth in first generation or new generation businesses symbolizes true growth.  There is a huge mismatch between the efforts of government and the attitude of lending institutions.  Aspirant young entrepreneurs are facing denial of service attitude from banks.  Credit raising scheme like CGFT which is supposed to be the harbinger of newer entrepreneurship opportunities is standing as a stumbling block owing to bank’s reluctance to rightly assist the credit aspirants.  Government should address this gap on war footing basis.  Otherwise we will lose bright ideas and young innovations from newer generation.  Make in India is a laudable effort.  But we also need to create an avenue for Made in India and Made by Young Indians.

I would become very emotional if I continue on the above deficiencies in the system.  I would now focus below sector wise top 10 business opportunities in 9 industry sectors [90 business opportunities] for the year 2015 and further. To understand the statistics of growth in various industry sectors you may visit http://www.ibef.org/.

If you would like to know details concerning any business opportunity you may leave below your comment.  I will attempt to provide you all possible information.

S No.



Food Processing:


This is the fastest growing industry. Several opportunities exist in this sector apart from the regular ones like milk dairy, fruit products, masalas, and more.  Some of them:

1 Ready to eat food
2 Filled snacks, Extruded snacks
3 Organic food products
4 Fusion [herb mixed] food recipes
5 Energy foods
6 Mixed edible oils
7 Local delicacies [demographic specific food specialities]
8 Any time food mobile outlets
9 Mini Readymade Snack makers
10 Innovative packaging for food products


Renewable Energy:


This sector comes with evolving technologies to achieve higher utilization of natural resources at lowest cost.  Hence, one needs to keep a constant eye on the newer introductions to reduce investment risks.

1 Solar power plants
2 Solar power rooftop systems
3 LED lighting products
4 Solar power driven LED lighting products
5 LED solutions for industry and commercial segment
6 Biomass power [Power generation using agriculture and biodegradable non-plastic waste and some crops like corn, grass]
7 LED Lighting fixtures
8 Solar & LED Expertise Development institutions
9 Solar & LED solution for agriculture sector
10 Consulting for Recycling and Waste Management projects




FMCG is the backbone for consumer goods industry.  The produce of various manufacturers finds its customers in FMCG outlets.  FMCG is rapidly becoming a market place for branded to private label products.  Success of FMCG outlet is mostly dependent on the variety of merchandise backed by promised quality and service.  Every existing provision store can evolve itself into a modern FMCG outlet to harness business potential.

1 Exclusive organic products
2 Exclusive private label products
3 Exclusive demographic targetted products [gender, age, profession etc.,]
4 Micro FMCG outlets with mobile units
6 FMCG Brand Management Consulting
7 Online FMCG Stores
8 FMCG Packaging solutions
9 FMCG manpower education and consulting
10 FMCG Management [technology] Tools


Information Technology:


Informaton Technology is like salt for food.  Every small and big business is dependent on the technology tools in each and every process of business.  There are several established tools in the market right from huge ERP applications to tiny SMS pushing interface.  However, what is needed now is technology evolving to the pace, scope, and attitude of customers.  Given below are some of the opportunities as I understand relevant for the present market.

1 Analytical Tools  targetted at lead generation, customer support, to customer aspiration analysis and more.
2 Sector specific online Helpdesk solutions using social media tools
3 Rapid Web Application Development Centers with strong mobile app dev and hosting experience.
4 Digital Content Developers with definite expertise in design, content writing, market analysis, creativity, versatility to use technology tools and more.  The content could be PDF documents, Digital Books, e-Learning content, marketing collateral and artworks for social media platform.
5 Social Media Strategists who knows the sensitivities of online privacy besides the functions and features of tools so as to suggest right strategy and guide right campaign for various business needs.
6 eCommerce portals.  High potential market.  Online portals would face early death unless they come with application efficiency, aggressive marketing, evolving upgrades, precision service, promise compliance, care for customer privacy and most importantly highly secured application architecture.
7 Internet Security Tools and Internet education
8 3D Printing & Prototyping
9 Technology skill development institution
10 Cyber Crime Detection services – Cyber Forensics


Fabrication and Processing:


There are numerous opportunities in this segment.  However, it helps in the success of business if the promoter comes with subject matter expertise.  Innovation today is a small twist to any existing solution.  Creativity is the business driver especially in design and fabrication.

1 Stainless Steel Fabrication.  This is rapidly growing alternate for wood products.  Household furniture, building profiles, commercial furniture, space management designs and many other areas could be exploited for self employment.
2 Space Management Products.  For residential, commercial, small office, and small business segments considering ergonomic needs.  The products could be created using stainless steel, aluminium, wood, composite material, various polymers and mixed metals.  In the growing struggle for space and ascending lifestyle for more comforts it benefits us if we can customize even a 300 sft area with all the two bed room comforts through intelligent furniture design.
3 Recycling products: processing used tyres, municipal solid waste, agriculture waste, plastic waste, drinage water recycling, and many more opportunities.
4 Innovation center in tool design.  A group of experts in various branches of engineering can create an innovative design center with customized design services for individuals to enterprises.  The offerings could be product design to machinery maintenance as relevant to their experience and expertise.
5 Prefab products for low cost housing
6 Metal extrusion products
7 Plastic extrusion products
8 Prefab products: Bricks, Blocks, Rooftiles, Slabs, Pavers
9 Surface finishing and electroplaing services
10 Plastic stationery manufacturing


Service sector:


The opportunities in the segment are unending.  Today’s customer doesn’t mind spending a rupee more provided he gets the desired service.  Further, service industry is the most investment friendly and could be started even by a one man organization.

1 Coin Laundry – Staionary and Mobile
2 Multi brand car servicing center with mobile service unit
3 Home food – Home delivery [quality and service speaks]
4 Logistics company [fuelled by online order deliveries]
5 Healthcare based service center
6 Grooming Services [Stylist, Image Consulting, Portfolio guidance]
7 Flatbed printing [Brand, labels, designs etc., on various articles]
8 Small Business Facilitation Center
9 Steam cleaning machines [Industry, Commercial, Residential]
10 Machine based Wall Plastering Services


Training & Professional education:


The need of the hour is subject matter experts in every sphere of science, technology, business and management.  We have universities.  We have several engineering and non-engineering colleges.  We have many other educational institutions.  These institutions would produce lakhs of graduates and post graduates.  However, several surveys indicate that our graduates lack required skills to attain a job.  Majority of them lack basic communication skills and learning aptitude.  The situation demands right faculty and right teaching.  Our students, employees and other individuals need periodic learning.  This is a great opportunity.  A long term opportunity for discerned investors.  Some of the opportunities in this segment would include:

1 Open source – CMS Apps
2 Social Media for Corporates & Individuals
3 Softskills and Personal Development
4 Leadership Development & Creativity
5 Communication and Emotional Intelligence
6 Data Analytics and Web Analytics
7 Google Applications and Small Business Applications
8 Cloud Computing and Applications
9 Project Management
10 Customer Relationship Management & Sales Development


Hardware & Electronic Sector:


This sector’s growth is fuelled by the growing choice for personal gadgets, smart phones, wearable computing solutions, cloud computing and ambition to tuck the world in purse.

1 Anti radiation products
2 Thermal Management Products for LED solutions
3 Inverters & Batteries manufacturing for domestic sector
4 Affordable GPS trackers and navigation sysems for individuals and transport fleet.  Considering the vulnerabilities in the safety we need affordable GPS trackers for children to elders or should make gps featured wrist watches affordable.
5 POS systems with data mining tools
6 SMART City & Home automation consulting
7 Innovations surrounding wearable computing


Mixed Business Opportunities:


Here is the list of mixed opportunities one can consider.

1 Retail outlet in Handicrafts – Bamboo, Cane, Clay
2 Retail outlet for Dry Fruits, Spices, Concentrates, Confectionary supplements
3 Designer packaging – Sweets, Fruits, Cakes, Chocolates
4 Incubation Centre [Ideal for group of individuals]
5 Crowd sourcing solutions
6 Textile [Manufacture and sale of readymade garments for gents]
7 Data Mining – Survey, Analyze, Sort, Sell
8 Outlet for All Brands Packaged drinking water
9 Youth Empowerment Centre [Social Enterprise]
10 Flatbed printing [Brand, labels, designs etc., on various articles]
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