Is it easy to get a government grant to start a small business in Mumbai?

Question

Is it easy to get a government grant to start a small business in Mumbai?

Answer 1

Grants or Financial Assistance is granted by every state government in India, depending upon the respective State Industrial and Trade Policy - outlining priority areas, regions etc.

For your specific requirement, you should contact your concerned industrial and trade development corporation/agency of the city. Normally, experience say that getting such grants are not an easy job. Still you can explore possibilities. You may even get in touch with your local MLA / MP or Mumbai Financial Corporation or equivalent body/agency of the government.

Do explore, perhaps you may find practical ways and means.

Good Luck!

Answer 2

Yes, it is. Maharashtra is a very progressive state, and the licences are granted very quickly, but the government's document scrutinising process is very strict.

Answer 3

ur experience in the market is he main thing.. there must be potential with tht small business.. u can visit www.laghuudyog.com or see the items reserved for SSI's and policies in favour of SSI and banks and FIIS who can fund ..u  partially ..