Summer Internship Project Report On

“RENT SUBSIDY PROGRAM FOR MSMEs:

SUPPORTING SMALL BUSINESSES IN OVERCOMING
FINANCIAL CHALLENGES”
AT

VISION CAPITAL, AHMEDABAD

Submitted to

GANDHINAGAR UNIVERSITY
Under the Guidance of

Dr. Virendra Chavda

Associate professor

In partial Fulfillment of the Requirements of the award of the degree

Of

MASTER OF BUSINESS ADMINISTRATION (MBA)

Prepared by:
MEET BHAVSAR
(Enrollment No. 220204011009)

JEEL KAYASTH
(Enrollment No. 220204011032)
MBA (Semester – III)

1|Page
 STUDENT’S DECLARATION

I/We hereby declare that the Summer Internship Project Report titled “RENT SUBSIDY
PROGRAM FOR MSMEs SUPPORTING SMALL BUSINESS OVERCOMING
FINANCIAL CHALLENGES” IN AHMEDABAD CITY” is a result of my/our own work
& my/our indebtedness to other work publications, references, if any, have been duly
acknowledged. If I/we am/are found guilty of copying from any other report or published
information and showing as my/our original work, or extending plagiarism limit, I/we
understand that I/we shall be liable and punishable by the university, which may include Failing
me/us in examination or any other punishment that university may deem fit.

Enrollment No. Name of the Student Signature

220204011009 MR. MEET BHAVSAR

220204011032 MR. JEEL KAYASTH

Place: Moti Bhoyan Date: _____________

INSTITUTE CERTIFICATE
COMPANY CERTIFICATE
CERTIFICATE OF EXAMINAR
PLAGIARISM REPORT
 PREFACE

Theoretical knowledge is insufficient in today's globalize world of fierce business

competitiveness. Additionally, practical knowledge is required in order to succeed in one's
professional life, and it is true that "Experience is the best teacher."

The goal of preparing the comprehensive project report is to learn about customer satisfaction
with the state government of Gujarat's subsidies schemes. The project was completed as part
of the academic activity for the "Master of Business Administration" course.

The project report is an essential component of this MBA course that provides us with thorough
knowledge of the business environment as well as theoretical and practical concepts that are
used by business players. The primary goal of this project report at the MBA level is to help
students develop their skills by completing the theoretical and practical study.

Because we visited numerous locations and interacted with a wide range of people, we were
able to gain a deeper understanding of marketing, making the project's successful completion
a truly unique experience for us.

The produced a golden opportunity for us to enriched knowledge by practical as well as testing
theoretical knowledge with the managerial skill and application of all the information collected
from the respondents is presented in form of project report to Gandhinagar University.
 ACKNOWLEDGEMENTS

Only due to blessings of “GOD” and “MY/OUR PARENTS”, I/we have been successful
to handle this project. It is pleasure to thank many individuals who helped me/us in all
phases of the project. Without their help, I /we would not have finished this project, or even
started it. Achievement of a goal is not one person’s job, it is a process and knowingly or
unknowingly many people contribute to this. Hence, I/we would be delighted to grab this
opportunity of recognizing all contributors by showing my/our sincere gratitude.

My/Our sincere thanks to Dr. K N Sheth, Vice Chancellor, Gandhinagar University,

Gandhinagar & Dr. Milan S. Shah, Dean - Management & Commerce for his moral
support and constant encouragement without which it was not possible for me/us to
complete the project work successfully.

I am very grateful to Dr. Virendra Chavda (Internal Guide), Asso. Prof. at Gandhinagar
Institute of Management, Gandhinagar for guiding me/us in completing my/our project
successfully.

I take this opportunity to express my/our gratefulness to all faculty members of MBA
programme, Gandhinagar Institute of Management, Gandhinagar whose advice and
supervision had helped in the completion of the project work.

We are extremely thankful to Vision Capital and, in particular, our guides, Mr. Dhawal

Agrawal (Chief Manager) and Dipak Patel (Marketing and Operations Manager),
for their constant support, who, in spite of their busy schedules, have provided us with
excellent guidance, suggestions, and directions, which enabled us to complete this project
at all stages.

Place: Gandhinagar MEET BHAVSAR (En No. 220204011009)

JEEL KAYASTH (En No. 220204011032)

Date: ________
 EXECUTIVE SUMMARY

I have taken my summer internship project “RENT SUBSIDY PROGRAM FOR MSMEs
SUPPORTING SMALL BUSINESS OVERCOMING FINANCIAL CHALLENGES”
IN AHMEDABAD CITY” This report contains of total 12 chapters. These chapters cover
various parameters and various details regarding various subsidies offered by state government
under MSMEs Schemes.

The First chapter includes Introduction of MSMEs Industry include various benefits and
PESTEL and SWOT Analysis of MSMEs Sector

Second chapter includes introduction of Vision Capital including history and group of
company and vision and mission

Third chapter includes of service provided by Vision Capital

Fourth chapter includes of overview of various state government subsidies & customer
satisfaction related to state government subsidies

Fifth chapter is including of overview of vision capital competitors and SWOT Analysis of
vision capital

Sixth chapter is including review of literature

Seventh chapter is including Research Methodology

Eighth chapter is including Data Analysis and Interpretation of the survey during the summer
internship Program.

Ninth chapter is including Finding of the study

Tenth Chapter is including suggestion to the company

Eleventh Chapter is including Limitation of the study

Twenth Chapter is including Conclusion

 TABLE OF CONTENTS

SR, NO PARTICULAR PAGE

NO
 Student’s Declaration

 Institute Certificate

 Company Certificate

 Certificate of Examiner

 Plagiarism Report

 Preface

 Acknowledgement

 Executive Summary

Particular Page No.

CHAPTER :1 INTRODUCTION OF INDUSTRY

1.1 Introduction of MSMEs industry
1.2 Classification of MSMEs
1.3 Growth of MSMEs in India
1.4 Role and important to economy
1.5 Benefits available under the MSMED Act
1.6 Current Scenario of MSME industry
1.7 PESTEL Analysis
CHAPTER :2 OVERVIEW OF RENT SUBSIDY
2.1 Rent Subsidy
2.2 Registration Processing
CHAPTER : 3 LETERATURE REVIEW
3.1 Literature
CHAPTER :4 INTRODUCTION OF COMPANY
4.1 Service of vision capital
CHAPTER : 5 SERVICE OF CPMPANY
5.1 List of numbers of service
5.2 Subsidy Division
5.3 Electricity Duty Exemption Scheme
5.4 Finance Division
5.5 Venture Capital
CHAPTER : 6 COMPETITORE’S OVERVIEW OF VISION CAPITAL
6.1 We are Banthia Consultancy
6.2 Here we offer a variety of services
6.3 Swot Analysis
CHAPTER :7 RESEARCH METHODOLOGY
7.1 RESEARCH APPROACH
7.2 OBJECTIVE OF RESEARCH
7.3 RESEARCH DESIGN
7.4 SAMPLE SIZE
7.5 SAMPLING UNIT
7.6 SAMPLING PROCEDURE
7.7 LIMITATION
CHAPTER : 8 QUESTIONNAIRE ANALYSIS AND ITS
INTERPRETATIONS
8.1 Analysis using a diagrammatic approach
CHAPTER : 9 FINDINGS OF STUDY
CHAPTER : 10 SUGGESTIONS OF COMPANY
LIMITIONS OF STUDY
CONCLUSION
BIBLIOGRAPHY
ANNEXURE
 Questionnaire
REMARKS
 OBJECTIVE

 The research appears to be investigating how rent subsidy programs can support
micro, small, and medium enterprises (MSMEs) in overcoming financial challenges.

 These programs likely aim to provide assistance to small businesses struggling with
rent costs, potentially helping them sustain and grow despite economic difficulties.
 CHAPTER : 1

INTRODUCTION OF MSMEs INDUSTRY

 MINISTRY OF MICRO, SMALL
AND MEDIUM ENTERPRISES

1.1 INTRODUCTION

The Micro , Small and Medium Enterprise ( MSME) sector has emerged as a vibrant and
dynamic sector of the Indian economy. MSMEs play crucial role in providing large
employment opportunities at comparatively lower cost than large industries. MSMEs are
complementary to large industries as ancillary units and this sector contributes significantly to
the socio-economic development of the country.

NEW DEFINITION OF MSMEs

At present, the micro, small & medium Enterprises development (MSMED) Act 2006
(section-7) classifies the Micro, small, and medium enterprises (MSMEs) on the basis of
investment in plant and machinery for manufacturing unit, and investment in equipment for
service enterprises, In February 2018, the union cabinet had approved changes in the basis of
classifying micro, small and medium enterprises from “ investment in plant &
machinery/equipment” to ‘ annual turnover’. The objective of the change is to encourage ease
of doing business, collection make the norms of classification growth oriented
1.2 CLASSIFICATION OF MSMEs:

Previous classification
ceiling
Classification of the New classification On investment in plant
MSME (annual turnover) and machinery
(in Rs.)

Micro Not exceeding Rs 5 cores Below 1 core

Small Between Rs 5 crores to Rs 1 crore to 10 crores

50 cores
Medium Rs 50 to Rs 250 crores 10 crores to 50 crores

1.3 GROWTH OF MSMEs IN INDIA :

MSMEs Are being encouraged to market their products on e-commerce site

especially through government e-commerce e-marketplace (GeM), owned and
run by the government, wherefrom ministries and PSUs (public sector
undertakings) source their procurement.

Indian micro, small and medium enterprises ( MSMEs) are rapidly adopting
digital payments over cash, with 72% payment done through the digital mode
compared with 28% cash transactions, Rise in digital adoption presents
prospects for further growth in the sector.

As per data from the ministry of micro, small, and medium Enterprises as of
February 22 2023 the Udyam registration portal registered 14,392,652 MSMEs
replacing the former process of filing for a Udyog Aadhaar memorandum
(UAM).

 Registered MICRO-Enterprises stood at 13,834,411 (96.12%)

 SMALL Enterprises at 446,980 (3.11%)
 MIDSIZED Enterprises at 40,400 (0.28%)
 Registered MSMEs in india in FY22" (LAKH
UNITS)

1
5

Small enterprise
Medium enterprise
Micro enterprise

54.41

1.4 ROLE & IMPORTANT TO ECONOMY:

Since its formation, the MSME segment has proven to be a highly dynamic Indian economy
sector. MSMEs produce and manufacture a variety of products for both domestic as well as
international markets. They have helped promote the growth and development of khadi, village,
and coir industries. They have collaborated and worked with the concerned ministries, state
governments, and stakeholders towards the upbringing of rural areas.

MSMEs have played an essential role in providing employment opportunities in rural areas.
They have helped in the industrialization of these areas with a low capital cost compared to the
large industries. Acting as a complementary unit to large sectors, the MSME sector has
enormously contributed to its socio-economic development.

MSMEs also contribute and play an essential role in the country’s development in different
areas like the requirement of low investment, flexibility in operations, mobility through the
locations, low rate of imports, and a high contribution to domestic production.

The below-mentioned data, represented in a tabular format, is by the Central Statistics Office
(CSO) and Ministry of Statistics & Program Implementation.
  Number of MSMEs registered on udyam portal till dec 2022

Micro Small Medium Total

Number
of 11,870,882 428,289 39,524 12,338,695
MSMEs
registered
Sources:pib.gov.com In

FY22, 8.59 lakh women-led MSMEs got registered on the Udyam portal which is 17% of the
total MSME registration. Around 63.4 million MSMEs contribute 6.11% of the manufacturing
GDP and 24.63% of services GDP in India.

MSME exports:
The Directorate General of Commercial Intelligence & Statistics (DGCIS), shared a data on
export of specified MSME related products in all India exports. It has depicted a YoY decline
from 25.03% to 42.67% in FY2022-23 (Up to August 2022), despite an increase in number of
active MSMEs

MSME share in all India exports 2022-23

52
50
48
46
44
42
40
38
FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 ( UP TO
AUG.2022)

MSME share in all India exports 2022-23

Source: pib.gov.in

Top export destinations for Indian MSMEs in FY22 were the US (US$ 54.7 billion), UAE
(US$ 13.4 billion), Hong Kong (US$ 9.93 billion), UK (US$ 7.54 billion), Germany (US$
7.19 billion), China (US$ 5.16 billion), Belgium (US$ 4.73 billion).
1.5 Benefits available under the MSMED Act.

Micro and Small Enterprises:

1. Easy finance available from Banks, without collateral requirement

2. Protection against delay in payment from Buyers and right of interest on delayed payment

3. Preference in procuring Government tenders

4. Stamp duty and Octroi benefits

5. Concession in electricity bills

6. Reservation policies for manufacturing / production sector enterprises

7. Time-bound resolution of disputes with Buyers through conciliation and arbitration

8. Reimbursement of ISO Certification Expenses

Medium Enterprises:

1. Easy finance available from Banks, without collateral requirement

2. Preference in procuring Government tenders

3. Reservation policies to manufacturing / production sector enterprises

4. Time-bound resolution of disputes with Buyers through conciliation and arbitration

 1.6 Current Scenario of MSME Industry

The role of Micro, Small and Medium Enterprises in all type of economies is
well recognized. The same is more prominent in case of developing and
emerging economies where MSMEs are considered as growth engines.
Worldwide MSMEs contributes significantly in employment generation, equal
distribution of national income, optimum utilization of local resources, poverty
alleviation, rural development as well as mobilizing capital lying in the hands
of private sector. MSMEs are integral part of the supply chain of large scale
industries and provide vital forward and backward linkage to the overall
industrial sector.

The sector contributes enormously to India's economic development and

growth. The sector therefore offers an opportunity to the country to harness
local competitive advantages for achieving global dominance. The importance
of MSMEs in India is evident from the fact that MSME sector contribute around
9% in National GDP, about 45% in manufacturing output and 40% in total
export of the country.

In Union Budget 2020-21, Government has announced the following initiatives

for development of MSMEs:

 Simplified new GST return system to be introduced.

 Creation of Unified Procurement System in the country for providing a single

platform for procurement of goods, services and works by Government e-
Marketplace (GEM).

 Introduction of scheme to provide subordinate debt for entrepreneurs of

MSMEs

 Release of National Logistics Policy clarifying the roles of the Union

Government, State Governments and key regulators. It will create a single
window e-logistics market and focus on generation of employment, skills and
making MSMEs competitive.
 In order to reduce the compliance burden on small retailers, traders,
shopkeepers who comprise the MSME sector, it is proposed to raise the existing
turnover threshold for audit limit by five times i.e. from Rs.1 crore to Rs.5
crore. MSME Finance is a thrust area of lending for our Bank. Bank is actively
participating in Government initiated schemes like Prime Minister Mudra
Yojna, Stand-up India, Start-up India etc., established MSME focused
Branches / Business Banking Branches/ Centralized Processing Centers and
introduced MSME specific Loan Products/ Cluster Schemes for ensuring higher
lending to MSME segment. Challenges are always before MSME sector and
there is a need to take these challenges head-on so that MSMEs can take active
part in Nation Building process.

1.7 PESTEL Analysis:

PESTEL Analysis

POLITICAL
 Government policies and regulations can have a significant impact on MSMEs. For
example, changes in tax laws or regulations can make it more or less expensive to operate a
business.

 Government support for MSMEs can also be a key factor in their success. For example,
government grants or loans can help MSMEs to start or expand their businesses.

ECONOMICAL
The state of the economy can have a big impact on MSMEs. For example, a recession can
led to a decline in demand for goods and services, which can make it difficult for MSMEs to
stay afloat.
Interest rates can also affect MSMEs. Higher interest rates can make it more expensive for
businesses to borrow money, which can make it difficult to expand or invest in new
equipment.
SOCIOCULTURAL

 Changes in demographics can affect the demand for MSMEs' products and services. For
example, an aging population may lead to an increase in demand for healthcare services,
which could create new opportunities for MSMEs in the healthcare sector

TECHNOLOGICAL
 Technological advances can also create new challenges for MSMEs. For example, the rise
of e-commerce has made it easier for consumers to purchase goods and services from
businesses all over the world, which can put pressure on MSMEs to compete on price.2.

Environmental
 Changes in laws and regulations can affect MSMEs. For example, new environmental
regulations can make it more expensive for businesses to operate, which can put a strain on
their profitability.
LEGAL
● Climate change and other environmental concerns are becoming increasingly important to
businesses. MSMEs can be affected by environmental regulations, as well as by the cost of
complying with those regulations.
 CHAPTER:-2

Overview of rent subsidy

RENT SUBSIDY

 Th e as s i s t ance @ 65% of rent p ai d (re i m burs em ent of rent pai d) by t he

ent erp ri s e wi t h m axi m um l i m i t of Rs . 1.00.000/ - (one l akh) per annum fo r
Gener al cat ego ry.

 T h e as s i s t ance @70% of rent p ai d (rei m burs em ent of r ent s ubs i dy) by

t he en t erpri s e wi t h m axi m um l i m it of R s . 1.00.000 (one l ak h) per annum
for S C / S T C at eg ory.
 Th e as s i s t anc e wi l l be provi ded for Fi ve Yea rs

 Op er at i ve P eri od : From 07/ 08/ 2020 To 06/ 08/ 2025

Eligibility Criteria

 Any MSE (Micro and Small Enterprise) in manufacturing activities which has acquired
rented/leased shed/ premises will be eligible for assistance

Other Conditions

1. The owner of shed /premises should have legal ownership and possession.

2. The service activity and trading activity will not be eligible under the scheme.

3. Rent must be paid by cheque/e-payment.

4. Rent/ lease agreement must be in policy period.5. Applicant need to apply within six
months from the date of agreement of rent/lease deed.

6. Enterprise is eligible for maximum 3 applications with total assistance of Rs.1,00,000/-

(One Lakh) per annum during the operative period of the scheme.

7. Rent/lease deed should be minimum of 11 months (expandable up to 5 year)

8. Enterprise must be in commercial production.

9. The assistance of rent will be given with effect from the date of rent deed or three months
prior to the date of production whichever is later.

10. Enterprise shall have to submit required approvals related to shed/premises.

11. If enterprise submit sublease agreement, then recognized intuitions/authority ‘s

Approval/Consent/NOC is require

12. Unit must have to provide prior intimation to concern DIC in case of changing its rental
premises
2.2 RENT SUBSIDY MSMEs

 REGISTRATION PROCESSING

Registration Process:

1 . Visit the Udyam Registration portal (https://udyamregistration.gov.in) for MSME registration.

2. Create an account on the portal using your Aadhaar number.

3. Provide the necessary details about your enterprise, including name, type, address, and
bank account details.

4. Enter the 10-digit Udyog Aadhaar Number (UAN) provided by the Ministry of MSMEs, if
you have already registered under the old Udyog Aadhaar Memorandum (UAM) process.

5. If you haven't registered previously, you can do so directly on the portal.

6. Submit the required documents and complete the application process.

Documents Required:

1. Aadhaar card of the applicant (owner) or the authorized signatory.

2. PAN (Permanent Account Number) card of the enterprise or individual.

3. Business address proof (e.g., utility bills, rent agreement).

4. Bank account details of the enterprise (account number, IFSC code).

5. Ownership or partnership deed, depending on the type of enterprise.

6. Any other relevant documents as per the specific requirements of the state or local
authority.
 CHAPTER 3

LITERATURE REVIEW
No Author Journal Year Topic Conclusion
Name Name
1 Hasan, ADB Economics (2009) Financial  this paper underscores the
Niny Khor, Working Paper sector importance of financial sector
Anneli Series, development, development in fostering
Lagman economic economic growth and alleviating
Martin, growth, and poverty. A robust financial system
Pamela poverty is vital for stability and prosperity.
Bracey, reduction: A While microfinance and SME
Biao literature credit programs hold promise,
Huang review further research is required.
Development assistance, tailored
to address market and nonmarket
failures, can be effective.
Balancing financial development
with stability is essential. In
summary, targeted development
assistance to the financial sector is
crucial for sustainable progress.
2 Rajasekhar Journal of (2012) Challenges  the study highlights the
a Mouly distribution and challenges faced by small
Potluri science Opportunities businesses in India, but also
Jung Wan of Small emphasizes the positive efforts
lee Business made by the government and
Saqib Management institutions to support them. To
Rasool and Start-Ups thrive, small businesses must
khan in India embrace technology and modern
management practices. Further
research on these challenges can
guide future entrepreneurs and
benefit all stakeholders, including
governments and academia.

3 Stephen Article in SSRN (2016) Small-  small firms still struggle to

Matteo Electronic Business access external capital due to
Miller Journal Financing information ambiguity, leading
Adam after the them to rely on their own assets
Hoffer Financial and funding from friends and
David Crisis. family during start-up. Although
Wille they heavily depend on credit from
traditional financial services,
small-business credit remains
weak, impacting their overall
performance and growth compared
to pre-financial crisis levels
4 Helen Centre for (2008) Fostering  collaborating with small
Walkera, Research in sustainability businesses as suppliers in public
And Lutz Strategic through procurement can drive sustainable
Preussb Purchasing and sourcing development with economic,
Supply from small social, and environmental benefits
(CRISPS) businesses at regional and local levels.
University of Transparent contracting,
Bath School of innovative tools, and support for
Management procurement staff are crucial for
SME involvement. The study's
findings apply broadly to public
procurement, highlighting the
significance of networks,
legislation, and public support in
advancing sustainability through
small businesses.
5 Laura V. National (2012) A Model for  The model provides a useful
Kvorning, Research Centre Design of tool for a systematic design
Charlotte for the Working Tailored process. The model makes it
D.N. Environment Working transparent for both researchers
Rasmussen Environment and practitioners as to how
, Louise H. Intervention existing knowledge can be used in
Smith, Programmes the design of new intervention
Mari-Ann for Small programmes
Flyvholm Enterprises
6 British A Model for (2016) AN  fostering a systematic approach
Journal of Design of APPRAISAL to managing innovations and
Marketing Tailored OF providing a conducive
Studies Working NIGERIA’S environment through university-
Environment MICRO, SME interactions, proper funding,
Intervention SMALL and supportive policies can unlock
Programmes for AND the potential of SMEs as
Small MEDIUM innovation hubs in Nigeria.
Enterprises ENTERPRIS Government assistance in curbing
ES imports and enhancing funding
(MSMES): access, along with promoting
GROWTH, entrepreneurial development
CHALLENG programs, will contribute to their
ES AND long-term growth and success in
PROSPECTS the market.
7 Ole Safety science (2007) Working in  the research on Danish
Henning small workplaces suggests that the
Sørensen, enterprises – relationship between enterprise
Peter Is there a size and physical working
Hasle, Elsa special risk? conditions varies based on the type
Bach of enterprise. Private-independent
companies tend to have better
working conditions with larger
size, while private-part companies
show the opposite trend. However,
no significant correlation was
found in public enterprises. It
emphasizes the significance of
considering the enterprise type
when studying the impact of size
on working conditions in
Denmark.

8 Dr.Priti International (2019) Literature  the MSME sector is vital for

Goswami* Journal of Review: employment, industrialization,
Management, IT Financial and fair distribution of wealth.
& Engineering Problems of However, the research shows that
Micro, Smallaccessing finance remains a
and Medium challenge, hindering growth and
Enterprises entrepreneurship. While the
government has taken steps to
help, ongoing financial support is
crucial for success and
competitiveness. Supporting
MSMEs, particularly at the start-
up phase, can drive sustainable
growth and development for the
nation.
9 Sharvari EPRA (2021) Financial  by addressing the challenges of
Kharat, International Performance limited resources, access to
Nikita Journal of Analysis financing, evaluation of risks,
Singh, Economics, Of MSME investment in R&D, and
Prisha Business and Sector utilization of information
Chugh, Management technology, Small and Medium-
Kanay Studies (EBMS) sized Enterprises (SMEs) can
Narang unlock their potential and
successfully navigate a
competitive global market. With
the proposed solutions, SMEs can
position themselves for growth,
innovation, and long-term success
in a rapidly changing business
landscape.
10 Akhilesh Journal of Small (2023) Understandin  the study emphasizes the
Kumar Business g the Impact significant impact of COVID-19
Sharma1, Strategy of Covid-19 on India's MSME sector, leading
Sushil on MSMEs in to numerous challenges and
Kumar India: business closures. Adaptation to
Rai2 Lessons e-commerce and exploring new
for Resilient opportunities improved
and Sustained performance for some firms.
Growth of While the revised MSME
Small Firms definition has benefits, it requires
increased awareness. To foster
resilient growth, raising awareness
about government support is vital
for most MSMEs in the country.
 CHAPTER: 4

INTRODUCTION OF COMPANY

Name OF Company:-
Vision Capital
Establishment Year:-
1997

VISION CAPITAL PUNCHLINE:-

“We Understand The Value Of Your Financial Need”
 COMPANY LOGO

ADDRESS:- B-328/329/330/331 ON 3 rd FLOOR

(LOAN DIVISION )
B-436/437/438 ON 4rd FLOOR
(SUBSIDY & FINANCE DIVISION),
SAFAL-7 SUMEL BUSSINESS PARK,

SONI NI CHAL CROSS ROAD

RAKHIAL, AHMEDABAD-380023.
 MR. RAKESH UNADKAT
(OWNER VISION CAPITAL)
Education:- B.E., MBA (Marketing & HR)
EXPERIENCE :-  20+years

MR. SHAIL SHAH MR. MARUTI AGRAWAL

ICWA, INTER CA M.COM, Inter CA
Experience 10+YEARS Experience 10+ YEARS
DISVISON HEAD DIVISION HEAD
SUBSIDY DIVISION EXPERTS
LOAN DIVISION EXPERTS

MRS DYAYA
ICWA, Gold 🥇 Medalist MR. DHAWAL AGRAWAL
Experience 15+ YEARS M.E. Mechanical, MBA Finance
Experience 10+ YEARS
CENTER GOV.SUBSIDY
MR. BHAVESH GAJNANI
MBA (Finance & Marketing) MR. DIPAK PATEL
Experience 5+YEARS B.TECH, Mechanical
Experience 10+ YEARS
RENT SUBSIDY

MR. KRUNAL
MR. MEET SHARMA
B.E. Electronic
B.E. Computer
Experience 5+ YEARS
Experience 5+ YEARS
DIVISION HEAD (Marketing)
ELECTRICITY SUBSIDY

FINANCE DIVISION

MS. NEHA PATIL

M.COM, Inter CA
Experience :- 5+ YEARS
 4.1 Services Of Vision Capital

LOAN DIVISON SUBSIDY DIVISON FINANCE DIVISON

 MACHINERY LOAN  STATE GOV. SUBSIDY  MARGIN MONEY

 PROJECT LAON  CAPITAL SUBSIDY  WORKING

CAPITAL

 NBFC  RENT SUBSIDY

 MUDRA LAON  ELECTRIC DUTY EXEMPTION

 STANDUP INDIA

 PMEG

VISON MISSION

 To create successful entrepreneurs

● To deliver the services of highest level
from ordinary individuals by
at reasonable cost, best quality and fastest
providing services and be part of their
speed to outperform client’s expectations.
growth story.
 ACHIEVEMENT

1500+ Satisfied customers

12+years Experience

50+ Loan Disburse ments /

month

100+Crore Turnover

4.2 SWOT analysis

Strengths:

1. Expertise and Experience:

Vision Capital may have a team with deep industry knowledge and experience in
investment and financial management

2. Strong Network:

The company might have a robust network of contacts, including potential investors,
business partners, and industry professionals

3. Track Record:

If Vision Capital has a successful history of identifying and executing profitable

investments, it can build trust and credibility in the market.
 4. Flexibility and Agility:

Being a relatively small firm, Vision Capital may have the advantage of being nimble,
allowing it to adapt quickly to market changes and seize opportunities.

Weaknesses:

1. Limited Resources:

As a smaller company, Vision Capital may face resource constraints in terms of

capital, human resources, or technology compared to larger competitors.

2. Market Volatility:

The company's performance may be susceptible to fluctuations in the financial

markets, economic conditions, or regulatory changes.

3. Dependence on Key Personnel:

If Vision Capital heavily relies on a few key individuals, the departure or absence of
these individuals could pose risks to the company's operations and decision-making.

Opportunities:

1. Market Expansion:

Vision Capital may explore new markets or regions to diversify its portfolio and
capture emerging investment opportunities.

2. Technological Advancements:

The company can leverage advancements in financial technology (fintech) to improve

operational efficiency, investment analysis, and decision-making processes.

3. Strategic Partnerships:

Collaborating with other financial institutions, industry experts, or complementary

service providers can expand Vision Capital's reach and enhance its capabilities.
4. ESG Investing:

With the growing emphasis on environmental, social, and governance (ESG) factors,
Vision Capital can capitalize on the increasing demand for sustainable and
responsible investments.

Threats:

1. Intense Competition:

Vision Capital may face strong competition from established investment firms,
private equity

groups, and other financial institutions vying for the same investment opportunities.

2. Economic Downturns:

During economic downturns or recessions, the investment climate can become

challenging,

potentially impacting Vision Capital& performance and profitability.

3. Regulatory Changes:

Changes in financial regulations, tax laws, or compliance requirements can create

additional

complexities and constraints for Vision Capital& operations.

4. Market Disruptions:

Disruptive technologies, geopolitical events, or unexpected market shocks can disrupt

investment

strategies and adversely affect the company performance.

 Chapter:- 5

Service of company
5.1 LIST OF NUMBER OF SERVICES

LOAN DIVISION SUBSIDY DIVISION

MACHINERY LAON STATE GOV.SUBSIDY

PROJECT LAON CENTRAL GOV.SUBSIDY

ELECTRIC DUTY
CGTMSE
EXPEMPTION SCHEME

PMMY(LOAN) INFRA-STRUCTURE SUBSIDY

AGRO & FOOD PROCESSING

STANDUP INDIA
UNIT

PMEGP PMEGP

FINANCE
• NBFC
VENTURE CAPITAL
5.2 Loan Division:-
MACHINERY LOAN:-

 It is a types of business loan. Entrepreneurs, willing to purchase a new machine for

manufacturing purposes can avail this loan to purchase machinery can be for starting a new
business or for expansion of existing business.

Why Machinery Laon Is Needed?

 Any MSMEs, willing to buy a new machine must avail this loan so that entrepreneur does
not need to invest his own capital at once. Loan can be availed at very low rate of interest
which can be easily paid from your monthly turnover. Additionally. Subsidy can also be
availed only if machinery is purchased on loan.

 This is a great tool for it allows the business to increase its overall productivity while
retaining its normal operating parameters , which helps them increase productivity and result
into higher profits from sale and distribution.

PROJECT FINANCE:-

WHAT IS PROJECT FINANCE.?

● It is types of business loan to set up a new project Entrepreneurs, willing to start a new

project can avail this loan for construction of building Purchase of Plant & Machinery,
cash credit for working capital.
Why Project Finance Is Needed.?

 Government has launched many schemes to support the start-ups. Any MSME, willing to
start-up a new venture must avail this loan so that the initial investment can be minimized.
Burden in entrepreneurs gets reduced and liquidity crunch at the beginning of the business is
elimited Bank loan is necessary for being eligible for subsidy on new project

(PMMY) LOAN

 It is types of Business Loan for Micro unit/Entrepreneurs. Under this scheme, finance is
provided to non-corporate, non-farm small/ micro enterprises from commercial Banks, RRBs,
Small Finance Banks, and MFIs and NFBCs having loan Requirement up to Rs.10 lakhs. There
are three categories in PMMY.

 Loan up to Rs. 50,000/- is covered under Shishu, Loans above Rs. 50,000/- up to Rs.
5,00,000/- is covered under Kishor and Loans above Rs. 5,00,000/- up to Rs. 10,00,000/- is
covered under TARUN.
Standup India

SC/ST borrowers and women entrepreneurs (more than 51% stake) are eligible for loans of
more than Rs. 10 lakh and up to Rs. 1 crore for the formation of greenfield ventures in the
manufacturing, services, or trading sectors.

PMEGP

It is a special sort of loan under the Pradhan Mantri Employment Generation Programme
(PMEGP). In this case, the Bank will sanction a term loan for 90% of the project expenses in
the general category and 95% of the project costs in the special category. The bank will use
cash credit to finance working capital and term loans to finance capital expenditures. The
PMEGP permits a project cost cap of Rs. 25 lakhs.
5.3 SUBSIDY DIVISION :-
State Government subsidy:-
1. Capital Investment Subsidy:-

Under this scheme, Capital subsidy on loan amount is available to existing as well as new
Micro, Small and Medium Enterprise (MSME) for investment in technical terms Civil Work
and Plant Machinery.

As per Gujrat Industrial Policy 2020

Date :- 01/09/2020

Capital Subsidy Classification on the basis of Taluka

@25% of terms Loan amount subject to a maximum amount of

Category 1 R.s 35 lakhs , of the eligibility FCI is over R.s 10 Crore,
additional R.s 10 lakhs will be given
@20% Of terms loan amount subject to a maximum amount of
Category 2 R.s 30 lakhs , If the eligible FCI is over R.s 10 Crore ,
additional R,s 7.5 lakhs will be given
@10% of terms loan amount subject to a maximum amount of
Category 3 R.s 10 lakhs, If the eligible FCI is over 10 crore addition R.s 5
lakhs will be given

Eligibility Criteria

Service sector will not be eligible

Enterprise has to apply to concentrate DIC Within 1 Year form the date of 1st disbursement of
term loan or before the date of commencement of commercial production

Enterprise has to remain in production for 5 year from the date of commencement production.
2.Interest Subsidy:- Under the scheme , interest subsidy is available as
reimbursement of interest paid on terms loan to existing as well as new Micro, Small and
Medium Enterprises (MSMEs) for investment in plant & Machinery for a period of 5 years.

AREA RATE OF INTEREST MAXIMUM LIMIT NO.OF.YEARS

SUBSIDY
Municipal @5% on outstanding Rs.25 lakhs per annum 5 years
corporation limit term loan

Oher aeras outside @7% on outstanding Rs.30 lakhs per annum 5 years
municipal term loan
corporations limit

– 1% additional interest subsidy to units with 100% ownership of physically challenged or

woman entrepreneurs.

– 1% additional interest subsidy to entrepreneurs below 35 years age on the date of sanction
of loan.

New MSME of Service Sector will be eligible for @ 5% with a ceiling of Rs. 25.00 Lakhs
per annum for 5 years on Term Loan of Machinery & Equipment anywhere in the State.

Eligibility Criteria

• Enterprise has to apply to concerned DIC within 1 year from the date of 1st disbursement of
term loan or before the date of commencement of commercial production, whichever is later.

• Subsidy is available only to MSE units.

• The existing and/or new MSEs availing institutional finance for purchase of new plant and
machinery with improved technology as specified under the scheme will be eligible.

• SC/ST, Women entrepreneurs and entrepreneurs with units located in NER and difficult
areas will be eligible for acquisition / replacement of plant and machinery of any kind
• Units can avail subsidy multiple times under this scheme up to the limit of Rs. 15 lakh.

• Beneficiary unit will have to remain in production for 3 years after installation and
commissioning of the machinery on which subsidy is availed.

CGTMSE

Assistance as reimbursement @ 100% annual Service fees paid to Bank/financial Institution

by Micro & Small Enterprise for availing of the collateral free term loan under scheme of
CGTMSE, for the period of five years.

Central Government Subsidy

Credit Linked Capital Subsidy and Technology Up gradation Scheme (CLCS-TUS).

This scheme offers a capital subsidy to new Micro and Small Enterprises (MSE) for the
purchase of new plant and machinery with improved technology in specific sectors/products.

Eligibility Criteria

• @ 15% of term loan / credit amount or cost of P&M whichever is lower with a ceiling of
Rs. 15.00 lakh for term loan sanctioned after 13.08.2019.

• Subsidy is available only to MSE units.

• The existing and/or new MSEs availing institutional finance for purchase of new plant and
machinery with improved technology as specified under the scheme will be eligible.

• SC/ST, Women entrepreneurs and entrepreneurs with units located in NER and difficult
areas will be eligible for acquisition / replacement of plant and machinery of any kind.

• Units can avail subsidy multiple times under this scheme up to the limit of Rs. 15 lakh

• Beneficiary unit will have to remain in production for 3 years after installation and
commissioning of the machinery on which subsidy is availed.
5.4 Electricity Duty Exemption Scheme

Under this Scheme, New Industrial Units are provided exemption from paying
electricity Duty up to 5 Years on Industrial Electricity Consumption from the
date of commencement of production.

5.5 Finance Division

 Vision Capital Finance (VCF) provides Machinery Loan for purchase of Machinery
and also provides loan for purchase of Tools.
 Vision Capital Finance (VCF) provides Working Capital / Cash Credit (C.C.) that
helps in purchase of Raw Material and for smooth operation of the business.
 Vision Capital Finance (VCF) also provides loan for Expansion of business and to
pay margin money for those availing Bank Loan.

5.5 Venture Capital

 We have noticed that more often than not, many people come across situation where
they have knowledge and skills for a specific field or area. They have the market
awareness for product and measurements of suppliers. They have the necessary skill
sets. But they don’t have fund or can’t manage fund to start a new business.
Sometimes these people also have financial capability but they are unable to take risk
to start an entire project on their own. Consequently, they keep working as an
employee inhibiting their growth.

 At, Vision Capital, we have developed an unique Venture Capital Model. Keeping in
mind the nee ds and problems of such entrepreneurs, Vision Capital enters into a tip
with such growing talents. We help them in establishment of their business which
includes:
1. Procurement of Shed on purchase or lease

2. Government permissions and registration of business

3. Provide funding for purchase of machinery – old or new – on loan or cash

4. Contact of suppliers for raw materials

5. Developing business by getting orders

6. Absorbing all financial responsibilities

7. Approval of Bank loan and Government subsidy on project

On account of this support, entrepreneur can relax and focus on production, as rest of the
responsibilities are being taken care of. This helps in assured growth of business and
guaranteed profit. This Venture Capital Model is a grand success and now it is the most
sought after services of Vision Capital.

As Venture Capitalists, we have had many tie-ups which has spread the name of Vision
Capital in Manufacturing sector as widely as in Finance sector. Venture Capitalism is a
revolutionary step that has changed the scenario of manufacturing industry from the
perspective of Financial stability.

With more than 300% growth every year, Venture Capital model has become one of the
strongest and financially richest vertical of Vision Capital. A team of highly skilled
professionals make the Model most trustworthy.
 CHAPTER – 6

Competitor’s Overview of Vision Capital

6.1 We are Banthia Consultancy

Banthia Consultancy is an experienced PAN-INDIA operating organization providing

consultancy services in the field of Government Benefits (subsidies) and Project Finance. We
have 21 years of rich experience in this field. We act as a consultant to help you avail of
Government Benefits(Subsidy) and Project Finance. We deal in all types of Interest & Capital
Subsidy related schemes of different States as well as Central governments and in-depth
analysis of our client’s business scenarios and help them come up with optimized
assessments of their short-term and long-term funding requirements. We have already served
in approx. 26 industrial segments including Textile, Chemical, Pharmaceutical, Engineering,
Food Processing, etc.

6.2 Here we offer a variety of services .

If you are seeking financial assistance and guidance in Interest subsidies and Capital
subsidies, Udhyog Aadhar / LSI Registration, Short-Term or Long-Term funding etc., we are
the trustworthy financial guide for you to cater to your exact needs.

We are well versed with the TUF scheme and the latest happenings and developments
concerning the same and also conversant with Government regulations and legislation.

We are also abreast with the latest developments surrounding MOFPI ( Food Processing
Ministry).
We are deeply associated with a wide range of banks, financial institutions and NBFCs. Our
Project Finance team has the right skills to help you arrange funding at highly competitive
costs.

We have successfully fulfilled the subsidy and finance requirements of manufacturing units
across India. Our head office is located in Surat (Gujarat). Other than our e-commerce digital
marketing platform, we do also have our full-fledged operational branch activities equipped
with a dedicated and committed workforce & team in Ahmedabad, Vijayawada, Tirupur,
Panchkula and Delhi . As of date, approximately 35000 plus clients/business houses have
availed financial benefits through us in about 90 different cities in the country engaged in a
varied range of products.

OUR ASSOCIATIONS

We are associated with

Our Mission

Mission

Since its inception, our mission has been to always render professional services
of the highest global standards and achieve “Total Customer Satisfaction” by
delivering quality services under one roof in a professional and time-bound
manner to match the industry and economy. We are committed to meeting
deadlines all the time and our internal process systems are designed to provide
quality service to the clients with speed, accuracy & transparency.
6.3 SWOT Analysis

STRENGTH:

 One step solution for all kinds of financial needs for MSME.
 Quick, smooth & hassle-free process.
 100% success ratio
 Strong network
 Transparency in work.

WEAKNESS:

 Providing loans only through Bank of Baroda

 Dealing only with MSME Sector.
 Due to specialization in machinery loan and project finance, we have
restricted functionality of other kinds of loan.

OPPORTUNITIES:

 To be a market leader in this sector.

 To be provide other type of loan and subsidies.
 To expand our network at various locations beyond Ahmedabad.

THREAT:

 The fraudster have created a bad impact in our sector which leads to distrust
on all consultants.
 Change in Govt. policy leads to deviation in the promise of service.
 Corruption in Indian Bureaucracy increase difficulty.
 CHAPTER 7
RESEARCH AND METHODOLOGY
 The research project's title is a study on consumer satisfaction with Gujarat state
government subsidy schemes. Research methodology is a description of the steps taken
to attain the goals of research. An analysis of consumer satisfaction with regard to state
government subsidies is the main topic of the current study. The analysis of consumer
satisfaction using various state government subsidies is the main foundation of the
study. The Need and Importance of the Study According to the literature analysis, a
thorough investigation is required to judge how satisfied customers are with receiving
various state government subsidies.

7.1 Research Problem

The effectiveness and impact of rent subsidy programs on Micro, Small, and Medium
Enterprises (MSMEs) in overcoming financial challenges. This could include
investigating how these programs contribute to the sustainability and growth of small
businesses, analyzing the criteria for eligibility and application processes, and assessing
whether these initiatives address the specific needs of different types of MSMEs. The
research could also delve into potential limitations or areas for improvement within
these subsidy programs.

7.2 Objective of the Research

 The research appears to be investigating how rent subsidy programs can support
micro, small, and medium enterprises (MSMEs) in overcoming financial challenges.

 These programs likely aim to provide assistance to small businesses struggling with
rent costs, potentially helping them sustain and grow despite economic difficulties.

7.3 Research design

 Primary data is the collected through structured questionnaire by the researcher for
fulfilling the objective of the research. Secondary data is collected from website.
 Sample selection:
 Randomly select a diverse sample of MSMEs that have participated in rent subsidy
program
 Ensure representation from different industries and geographic regions

7.4 Sample size

We have decided to take responses of 101 compony people of Ahmedabad.

7.5 Sampling Unit

o Sampling unit MSME company owner of Ahmedabad

7.6 Sampling Procedure

 rent subsidy programs for MSMEs typically involves selecting a representative

sample of small businesses based on certain criteria, such as industry, location, size,
and financial need.

 This sample can then be used to assess the impact and effectiveness of the subsidy
program in helping these businesses overcome financial challenges related to renting
their premises.

 The chosen sampling method should ensure that the selected businesses accurately
reflect the broader population of MSMEs that the program aims to assist.
 Common sampling methods include random sampling, stratified sampling, and
purposive sampling, depending on the research goals and available resources.

7.7 Limitation

1. Eligibility Criteria: The criteria to qualify for rent subsidies might exclude
certain businesses that could benefit from the support due to specific
conditions or size requirements.

2. Limited Funding: There might be insufficient funding allocated to the

program, resulting in only a limited number of businesses being able to access
the subsidy.

3. Administrative Complexity: Application processes can be complicated and

time-consuming, discouraging some businesses from participating, especially
those with limited resources.

4. Regional Disparities: Rent costs vary significantly from one region to another,
and the subsidy might not adequately address the differences in rent burdens
faced by businesses in different areas.
 CHAPTER : 8

PRIMARY ANALYSIS OF RESPONDENTS

 1. Gender

Gender Frequency Percentage

Male 86 78.8%
Female 15 21.8%
Total 101 100%

GENDER

Female, 21.80%

Male, 78.20%

INTERPRETATION:

The above graph shows that majority of the respondents are male which is
78.20% and female respondents are 21.80%.
 2. Age
Age Frequency Percentage
18-25 50 50.5%
26-35 18 18.8%
36-45 17 17.8%
46-60 11 11.9%
More than 60 Years 5 0.2%
Total 101 100%

Age Group
Age Group

50.50%

18.80% 17.80%
11.90%
0.02

18-25 Years 26-35 Years 36-45 Years 46-60 Years More than 60 Years

INTERPRETATION:

The figure indicates the respondents have separated into several age groups in
the graph above. Out of 101 samples, 50.5%of the respondents were between
the ages of 18 to 25 years. This was followed by 18.8% of the respondents who
were between the ages of 26 to 35 years, This was followed by 17.8% of the
respondents who were between the ages of 36 to 45 years, and This followed
by 11.9% of the respondents who were between the ages 46 to 60 Years
furthermore, 0.02% responders were More than 60 Years.
 3. Micro, Small, Or Medium Manufacturing Enterprise
(MSME)?

Particular Frequency Percentage

YES 76 75.2%
NO 25 24.8%
Total 101 100%

MANUFACTURING

NO, 24.80%

YES, 75.20%

INTERPRETATION:

 above the chart shows that which type of nature enterprise are you operating as you show
above the chart 76 frequency are under operating micro and small enterprise .

 75.2% percentage of responses are operating and doing manufacturing under the MSME
sector.

 24.8% percentage of responses are doesn’t exist and not doing manufacturing under the
MSME sector.
4 Are you Familiar with rent subsidy programs for MSMEs?

Particular Frequency Percentage

YES 60 61.5%
NO 41 38.5%
Total 101 100%

RENT SUBSIDY

70
60
50
40
30
20
10
0
YES NO

RENT SUBSIDY

INTERPRETATION:

Above the chart shows that how much responses are aware about the government
subsidy for MSM E sector.

 Above the survey chart shows that 61.5% percentage of responses are aware about
the government subsidy for MSME sector.

38.5% percentage of responses are doesn’t aware about the government subsidy for
MSME sector.
5 Legal Structure Of Your MSME?

Particular Percentage
Proprietorship 37.4%
Limited Liability partnership 21.2%
Private Limited Company 26.3%
Partnership 15.2%
TOTAL 100%

Legal Structure

PARTNERSHIP 15.20%

PRIVETE LIMITED COMPANY 26.30%

LIMITED LIBABILITY PARTNERSHIP 21.20%

PROPRIETORSHIP 37.40%

0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 40.00%

Proprietorship Limited Libability partnership Privete Limited Company Partnership

INTERPRETATION :
 Above the chart shows that which kind of legal structure under are you operating your
business .

 37.4% percentage of responses are operating their business under the proprietorship.

 21.2% percentage of responses are operating their business under limited liability
partnership.

 26.3% percentage of responses are operating their business under the private limited
company.

 15.2% percentage of responses are operating their business under the partnership.
6.Long has your MSMEs been operational ?

Particular Percentage
Less than 1 Years 40.2%
1 to 3 Years 27.8%
3 to 5 Years 22.7%
More than 5 Years 9.3%
Total 100%

MSMEs Operational

9.3

40.2 Less than 1 Years

22.7
1 to 3 Years
3 To 5 Years
More than 5 Years

27.8

INTERPRETATION:
Above the chart shows that how long has been u doing your business in MSME sector.

40.2% percentage of the responses are register under the MSME sector since less than 1
year.

27.8% percentage of the responses are register under the MSME sector since between 1 to
3 years.

9.3% percentage of the responses are register under the MSME sector since more then 5
year.
7. Have you faced difficulties paying rent for your business location in
the past years.?

difficulties paying rent business past year

No, not at all 17.3

Yes, Occasionally 38.8

Yes, Frequently 43.9

0 5 10 15 20 25 30 35 40 45 50
Yes, Frequently Yes, Occasionally No, not at all
difficulties paying rent business past
43.9 38.8 17.3
year

difficulties paying rent business past year

INTERPRETATION

 above the chart shows that which kind of difficulties are facing for paying rent.

Above the survey chart describe that 17.3% percentage of the responses are not
facing any difficulties for paying rent.

38.8% percentage of the responses are occasionally facing difficulties for paying
rent

43.9% percentage of the responses are frequently facing difficulties for paying rent.
 8. Were you applied of rent subsidy programs available for small
businesses.?

INTERPRETATION:

 Above the chart shows that how much responses are already applied aware for
government subsidy for MSME sector.

 30.6% percentage of the responses are already aware and applied for government rent
subsidy for MSME sector.

 44.9% percentage of the responses are haven’t applied for government rent subsidy for
MSME sector.

 Apart form that 24.5% percentage of responses are unaware about the government rent
subsidy for MSME sector.
 9. What is the biggest challenge you face in managing your small
business.?

Biggest challenge small business

25 23.2
22.2
19.2
20 18.2
17.2

15

10

0
Financial Constrain Finding and retaining Marketing and Competition larger Government
qualified staff reaching new business regulations and
customers compliance

Biggest challenge small business

INTERPRETATION
 The above chart shows that biggest challenge faced in small businesses.

 19.2% percentage of the responses are challenge faced by financial constrain.

 23.2% percentage of the responses are challenge faced by finding and retaining qualified
staff.

 22.2% percentage of the responses are challenge faced by marketing and reaching staff.

 17.2% percentage of the responses are challenge faced by competition larger business.

 18.2% percentage of the responses are challenge faced by government regulation and
compliance.
 10. Have you explored cost-cutting measures in your business.?

Cost- cutting your business

11% Yes, and they were effective in

28% reducing expenses
Yes, but they had limited impact on
18%
overall costs
No, I haven't considered cost
cutting measures yet
No, I am not sure where to start
44% with cost cutting

INTERPRETATION:

 Above the chart shows that have you explored cost – cutting measured in your business.

 28% percentage of the responses they were effective in reducing expenses.

 44% percentage of the responses they had limited impact on over all costs.

 18% percentage of the responses they haven’t considered cost cutting measured yet.

 11% percentage of the responses not sure where to start with cost cutting.
11.What financial planning resources or professional assistance do you
utilize.?

Resources or professional

32
16.5

33

16.5
35.1

Financial advisors or consultants

Business mentors or networking groups
online resources and guides
None, I have handle financial planning independently

INTERPRETATION:

 Above the chart shows that what financial planning resources or professional
assistance do you utilized.
 35.1% percentage of the responses are utilized financial advisors or consultants
resources
 32% percentage of the responses are utilized business mentors or networking
groups resources
 33% percentage of the responses are utilized in which 16.5% are utilized from
online resources and guide and 16.5% are utilized from have handle financial
planning independently .
12.If you have received a rent subsidy, how did it impact your business’s
financial situation.?

Impact Your Business Received a rent

subsidy

17% It significantly relieved financial

burdens and helped sustain
44% operations.
It provide some relief but wasnot
sufficient to address all financial
39%
It had limited impact, and I still
faced significant financial dificulti

INTERPRETATION:

 Above the chart shows that how rent subsidy impact on your financial situation.

 44% percentage of the responses it significantly relived financial burdens and

helps sustain operations.

 39% percentage of the responses it provided some relief but was not sufficient to
addressed all financial.

 17% percentage of the responses it had limited, and I still faced significant
financial difficulties.
 13.How satisfied are you with the overall financial support available to
MSMES during challenging times.?

MSMES CHALLENGING TIME

MSMEs Challenging time

30
24.5
25 21.4
20

15 12
8 7.1
10
5

0
v e r y s a t i sf i e d so m e w ha t N e ut r a l some what v e r y d i s sa t i sf i e d
sa t i s f i e d d i ss a t i sf i e d

INTERPRETATION:

● Above the chart show that the overall satisfaction support available to MSME during
challenging times.

● 24.5% percentage of the responses are very satisfied with the support available for MSME
sector during the challenging time.

● 21.4% percentage of the responses are some what satisfied with the support available for
MSME sector during the challenging time.

● 8% percentage of the responses are neutral satisfied with the support available for MSME
sector during the challenging time.

● 12% percentage of the responses are some what dissatisfied with the support available for
MSME sector during the challenging time.

● 7..1% percentage of the responses are very dissatisfies with the support available for
MSME sector during the challenging time.
 CHAPTER :- 9

FINDINGS

1. Financial Relief: Rent subsidies alleviate a substantial portion of the

financial strain that MSMEs face due to high rental costs. This relief can
free up funds that can be redirected towards sustaining operations,
retaining employees, or investing in growth initiatives.

2. Survival and Continuity: The availability of rent subsidies has

contributed to the survival and continuity of many MSMEs, particularly
during economic downturns or times of crisis. By reducing fixed costs,
businesses have a better chance of weathering challenging periods.

3. Stimulating Local Economies: MSMEs are often key players in local

economies, and their survival is crucial for maintaining economic
vitality. Rent subsidy programs indirectly support the economic
ecosystem by preserving jobs, maintaining supply chains, and
contributing to overall economic activity.

4. Promoting Entrepreneurship: Rent subsidies can make it more feasible

for aspiring entrepreneurs to start new businesses, as they help lower the
barrier to entry by reducing initial operational costs. This, in turn,
fosters innovation and diversity in the business landscape.
 CHAPTER 10

10.1 SUGGESTIONS OF COMPANY

 Commercial Rent Relief Program: A program that provides financial assistance to

qualifying small businesses to cover a portion of their commercial rent costs.

 Small Business Rental Assistance: Some regions offer specific rental assistance
programs tailored to support small businesses in their area.

 Local grants and subsidies: Check with your local government or municipality for any
grants or subsidies available to help MSMEs with rental costs.
 10.2 LIMITATIONS OF STUDY

 *Duration of Support*: Subsidy programs might only provide short-term relief, which
may not be sufficient for businesses facing ongoing financial challenges.

 *Exclusion of Non-Rent Expenses*: MSMEs have various expenses beyond rent,

such as utilities and operational costs. Subsidy programs might not cover these
additional expenses.

 *Lack of Flexibility*: Some programs might have rigid guidelines that don't consider
the diverse needs and circumstances of different businesses.

 *Fraud and Misuse*: Ensuring that the subsidies are used for their intended purpose
can be challenging, and there is a risk of misuse or fraudulent claims.

 *Limited Impact on Recovery*: While rent subsidies can provide temporary relief,
they might not fully address the broader financial challenges that MSMEs face in
terms of market demand, supply chain disruptions, and decreased consumer spending.

 *Long-term Viability*: After the subsidy period ends, businesses could struggle to
readjust to regular rent payments, potentially leading to sustainability issues.
 10.3 CONCLUSION

 Subsidy programs are a critical support system for MSMEs facing financial challenges.
By relieving high rental costs, this initiative empowers businesses to focus on
operations, retain staff and expand. During economic downturns, they serve as a
lifeline, ensuring the survival of MSMEs and boosting local economies. In addition,
these programs encourage entrepreneurship by reducing entry barriers, promoting
cooperation between businesses and landlords, and promoting flexible leasing
arrangements. However, their effectiveness depends on seamless execution, accurate
eligibility and continuous evaluation with stakeholder input. As business landscapes
evolve, these programs must adapt to remain influential. Ultimately, they exemplify
proactive efforts to foster small enterprises, stimulate innovation, sustain the job
market, and increase economic resilience. By easing financial pressures, rental subsidy
programs play a key role in nurturing a vibrant local business ecosystem.
 10.4 BIBLIOGRAPHY

 HYPERLINK
"https://www.researchgate.net/publication/339352056_Micro_Small_and_Medium_MSM
E_in_indian_perspective_and_SWOT_Analysis"https://www.researchgate.net/publicat
ion/339352056_Micro_Small_and_Medium_MSME_in_indian_perspective_and_SW
OT_Analysis

 HYPERLINK "https://www.drishtiias.com/to-the-points/paper3/micro-small-and-
medium-enterprises-msme"https://www.drishtiias.com/to-the-points/paper3/micro-
small-and-medium-enterprises-msme

 HYPERLINK “https://banthiaconsultancy.com/about-us/”
https://banthiaconsultancy.com/about-us/
 Annexure

QUESTIONNAIRE
“RENT SUBSIDY PROGRAM FOR MSMEs:
SUPPORTING SMALL BUSINESSES IN OVERCOMING FINANCIAL
CHALLENGES”

1) Name

2) Gender

o Male
o Female
o Other

3) Age
o 18-25
o 2635
o 36-45
o 46-60
o More than 60 Years
4) Are you currently Associated with a Micro, small or medium Manufacturing
Enterprise (MSME)?

o YES
o NO

5) Are you familiar with rent subsidy programs for MSMEs

o Yes
o No

6) What is the legal structure of your MSME?

o Proprietorship
o Limited liability
o Company Private limited
o company partnership

7) How long has your MSMEs been operational ?

o Less than 1Year

o 1 To 3 Years
o 3 TO 5 Years
o More than 5 Years
8) Have you faced difficulties paying rent for your business location in the past
year?

o Yes ,Frequently
o Yes ,occasionally
o No, not at all

9) Were you aware of rent subsidy programs available for small businesses?

o Yes, and I have applied for them

o Yes, but I haven't applied for them
o No, I was not aware of any rent subsidy programs

10) What is the biggest challenge you face in managing your small business ?

o Financial constrain
o Finding and retaining qualified staff
o Marketing and reaching new customers
o Competition from larger business
o Government regulations and compliance

11) Have you explored cost-cutting measures in your business ?

o Yes, and they were effective in reducing expenses

o Yes, but they had limited impact on overall costs
o No, I haven't considered cost cutting measures yet
o No, I am not sure where to start with cost cutting
12) What financial planning resources or professional assistance do you utilize ?

o Financial Advisors or consultants

o Business Mentors or networking groups
o Online resources and guides
o None, I have handle financial Planning independently

13) If you have received a rent subsidy, how did it impact your business's
financial situation?

o It significantly relieved financial burdens and helped sustain operations.

o It provide some relief but was not sufficient to address all financial challenges .
o It had limited impact, and I still faced significant financial difficulties.

14) How satisfied are you with the overall financial support available to MSMEs
during challenging times?
o Very satisfied
o Some what satisfied
o Neutral
o Some what dissatisfied
o Very dissatisfied
REMARKS