All businesses need one government registration or another, while nearly all require multiple registrations. For example, even air-conditioned restaurants need both service tax registration and VAT registration, depending on turnover and location, in addition to a Shops & Establishment License. Indirect taxes are those that are collected from customers by suppliers on behalf of the …
Start-up means an entity, incorporated or registered in India not prior to five years, with annual turnover not exceeding Rs.25 crore in any preceding financial year, working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property. Provided that such entity is not formed by splitting up, …
A board of directors is a group of people who jointly supervise the activities of an organization, which can be either for a profit business, nonprofit organization, or a government agency. The board of directors appoints the chief executive officer of the corporation and sets out the overall strategic direction. A board of directors is a team …
Non-Profit Organisations or Non-Government Organisations, both are used in the same nature of particular purpose. These kinds of Organisations can be registered in India as Society under the Register of Societies or as a Trust by making a Trust Deed or as a Section 8 Company under the provisions of Companies Act, 2013. Society As …
A non-profit organization that operates independently of any government, typically one whose purpose is to address a social or political issue. NGO may be defined as an association having a definite cultural, educational, religious or social program registered with the Central Government. NGOs enable residents to work together voluntarily to promote social values and civic goals, …
A business or manufacturing activity carried on at people homes is called cottage industry. Cottage Industry shops allocated at Connaught place, New Delhi are the example of it. It was originally referred to home workers who were engaged in a work such as sewing, lace-making, wall hangings, electronics, or household manufacturing. It includes many producers, …
Gramin Bhandaran Yojana is a capital investment subsidy scheme that works towards the construction and renovation of the warehouse in rural areas. Gramin Bhandaran Yojana was announced in 2001. Purpose The Gramin Bhandaran Yojana foresees a robust network of non-urban warehouses to help build adequate storage for farm produce in rural areas. The purpose of …
NABARD can be expanded as National Bank for Agriculture and Rural Development. This was set up on 12 July 1982 on the recommendations of the B. Sivaraman committee with regards to the implementation of the National Bank for Agriculture and Rural Development Act 1981 and it has been the top Development Financial Institution in India. …
Subsidies are provided by NABARD under Gramin Bhandaran Yojana Scheme to the farmers on submission of the project file which requires the construction of these agricultural warehouses are taken up by the individuals as below: Farmers Farmers’ groups Proprietary firms Co-operatives Non-Governmental Organizations Marketing Boards Agro-processing co-operative societies Agro-processing corporations Agro-industrial corporations Agricultural Produce Marketing …
Starting a business is not possible without hard work and investment. There is a lot of responsibility, work, long hours, investment, and stress involved. But the rewards are amazing. If you are trying to enter the warehouse business, two things you must care about are – This industry is highly competitive, but that’s exactly what …