Showing posts from September, 2017

Micro-loans for funding small enterprises

Swami Gulagulaananda said: " It is amazing that a tiny seed can grow into an enormous tree " India lives in its villages - We have heard this many times. And while steps are being taken to ' Make in India ', India is not considered to be a manufacturing hub yet - especially when compared to her giant neighbour, China. Manufacturing is a challenge, and for that matter, entrepreneurship is a challenge. While there are many challenges in starting and building your own enterprise, from hiring and retaining good people, purchasing raw materials and paying for other overheads, the challenges generally have one common denominator - Money. You need money to hire people, money to purchase raw materials, money to pay bills etc. And getting money is the biggest challenge. Once you have a certain amount of money, that money can be put in to generate more money through the business - use a bit of it for operations, a bit of it for purchasing more equipment or hiring more p