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Investor Directory

C o m p i l e d b y V i l l g r o I n n o v a t i o n s Fo u n d a t i o n
3rd Floor, IIT Madras Research Park Building, Kanagam Road, Taramani, Chennai 600113.
Date: 29 June 2010

Preface
This Investor Directory caters to the need of those entrepreneurs who are looking
forward to raise money for their ventures in the field of Agriculture and allied
sectors. The scope of Agriculture and allied sectors for this Directory includes:
Horticulture and its allied sectors (including fruits and vegetables, flowers,
plantation crops, spices, aromatic and medicinal plants); biotechnology, fisheries
sector; animal husbandry and livestock; and sericulture.
Here emphasis has been laid on listing those funding options which caters to the
needs of start-ups and growing businesses in this field. Some schemes or
organizations which are sector agnostic have also been included for the benefit of
the entrepreneur. The financial requirements for particular aspects of business like
marketing or promotion, working capital etc have only been briefly profiled in the
Annexure of the Directory.
Moreover for the convenience of readers this Directory has been divided into three
main sections:

Venture Funds and Angel Investors


Bank schemes
Central and State Government schemes

A brief of what comprises Venture Funds, Bank and Government Schemes has been
presented in the beginning of each section.

Lastly this is a non-exhaustive and purely indicative list, primarily sourced


from the internet. Definitely there are other entities offering similar services
and we welcome their inclusion in this list. All such requests may kindly be
sent to info@villgro.org.

List of Abbreviations
ACS
AFC
AIG
ANTS
APEDA
APIDC
APIDC
APSFC
BAP
BoP
BPLR
BPO
BRC
BYST
CCPS
CGS
CGTMSE
CGTSI
CIIE
CSIR
CVCFL
DBT
DDM
DG
DIC
DRI
DRS
DSIR
DST
EPABX
FBI
FDI
FI
FMCG
FRR
GIAN

Apex Committee of SBIRI


Assam Financial Corporation
American International Group
Advanced Networks and Telecommunications Systems
Agricultural and Processed food products export
development authority
Andhra Pradesh Industrial Development Corporation
Andhra Pradesh Industrial Development Corporation
Andhra Pradesh State Financial Corporation
Business Acceleration Program
Base of the Pyramid
Benchmark Prime Lending Rate
Business Process Outsourcing
Business Resilience Consortium
Bharatiya Yuva Shakti Trust
Compulsorily Convertible Preference Shares
Credit Guarantee Scheme
Credit Guarantee Fund Trust For Micro and Small Enterprises
Credit Guaranteed Fund Scheme for Small Industries
Centre for Innovation, Incubation, and Entrepreneurship
Council of Scientific and Industrial Research
Canbank Venture Capital Fund Ltd
Department of Biotechnology
District Development Manager
Director General
District Industries Centre
Directorate of Revenue Intelligence
DRS Dilip Road Lines
Department of Scientific and Industrial Research
Department of Science and Technology
Electronic Private Automatic Branch Exchange
United States Federal Bureau of Investigation
Foreign Direct Investment
Financial Institutions
Fast moving consumer goods
Floating Reference Rate
Grassroots Innovation Augmentation Network
3

GVFL
HBCFDC
HGT
ICT
IDBI
IDFC
IFC
IFMR
IIM
IIMA
IIML
IIT
IL & FS
ING
ISO
IT
ITES
IVFA
JLG
KFC
KITVEN
KPEG
KSEB
KSFC
KYC
M&A
MoU
MSME
MVIF
NABARD
NBCFDC
NCT
NEDFI
NEF
NGO
NIF
NMITLI
NPA
OBC
OCCPS
OCD

Gujarat Venture Finance Limited


Haryana Backward Classes Finance and Development
Home Grown Technology
Information and Communication Technologies
Industrial Development Bank of India
Infrastructure Development Finance Company
International Finance Corporation
Institute for Financial Management and Research
Indian Institute of Management
Indian Institute of Management Ahmedabad
Indian Institute of Management Lucknow
Indian Institute of Technology
Infrastructure Leasing & Financial Services
International Netherlands Group
International Organization for Standardization
Information Technology
Information Technology Enabled Services
Indian value fund advisors
Joint Liability Groups
Kerala Financial Corporation
Karnataka Information Venture Technology Fund
Kotak Private Equity Group
Kerala State Electricity Board
Karnataka State Financial Corporation
Know Your client/Customer
Mergers and Acquisitions
Memorandum of Understanding
Micro and Small Enterprises
Micro Venture Innovation Fund
National Bank for Agriculture and Rural Development
National Backward Classes Finance and Development
National Capital Territory of Delhi
North Eastern Development Finance Corporation Ltd.
Network Enterprises Fund
Non Governmental Organization
National Innovation Fund
New Millennium Indian technology leadership Initiative
Non-Performing Assets
Oriental Bank of Commerce
Optionally Convertible Cumulative Preferential Shares
Optionally Convertible Debentures
4

PAN
PATSER
R&D
RBI
RBTC
RCS
ROC
RVCF
SaaS
SBIRI
SEAF
SEBI
SHG
SICOM
SIDBI
SMA
SME
SRTO
SSI
SSSBE
TARA
TDDP
TePP
TiE
TIFAC
TPDU
TQM
TSGF
USAID
USD
VAS
VC

Permanent Account Number


Programme Aimed at Technological Self Reliance
Research and Development
Reserve Bank of India
ICICI Banks Long Term Loan
Registrar Co-operative Society
Registrar of Companies
Rajasthan Venture Capital Fund
Software-as-a-Service
Small business Innovation research Initiative
Small Enterprise Assistance Funds
Securities and Exchange Board of India
Self Help Group
The State Industrial and Investment Corporation of
Maharashtra
Small Industries Development Bank of India
SBIRI Management Agency
Small and Medium-sized enterprises
Small Road Transport Operators
Small Scale Industries
Small Scale Service Business Enterprises
Technology and Action for Rural Advancement
Technology development and demonstration program
Technopreneur Promotion Programme
The Indus Entrepreneurs
Technology Information, Forecasting and Assessment Council
DSIRs Technology Promotion, Development and Utilization
Programme
total quality management
TVS Shriram Growth Fund
United States Agency for International Development
United States Dollar
Value Added Services
Venture Capital

Table of Contents
BRIEF OF VENTURE FUNDS & ANGEL NETWORKS
LIST OF VENTURE FUNDS
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.

AAVISHKAAR INDIA MICRO VENTURE CAPITAL FUND......................................................3


ACUMEN FUND INDIA.............................................................................................. 4
AMBIT PRAGMA..................................................................................................... 6
AVIGO CAPITAL..................................................................................................... 7
BEACON INDIA PRIVATE EQUITY FUND........................................................................9
BESSEMER VENTURE PARTNERS..............................................................................10
CANBANK VENTURE FUND..................................................................................... 12
CANBANK VENTURE FUND..................................................................................... 13
ELEVAR EQUITY ADVISORS PVT LTD........................................................................15
ENNOVENT...................................................................................................... 17
EPIPHANY VENTURES......................................................................................... 19
FOOTPRINT VENTURES....................................................................................... 20
GUJARAT VENTURE FINANCE LIMITED....................................................................21
IDFC PRIVATE EQUITY....................................................................................... 23
IFCI VENTURE CAPITAL FUNDS LTD.....................................................................24
IFMR VENTURES.............................................................................................. 26
IL & FS INVESTMENT MANAGERS LIMITED.............................................................28
INDIA CO VENTURES LIMITED..............................................................................29
INDIA VALUE FUND........................................................................................... 31
INDOUS VENTURE PARTNERS.............................................................................. 33
INTERNATIONAL FINANCE CORPORATION................................................................35
KOTAK PRIVATE EQUITY...................................................................................... 37
MORPHEUS VENTURE PARTNERS...........................................................................38
NADATHUR HOLDINGS AND INVESTMENT LTD.........................................................40
NEXUSVENTURES............................................................................................. 41
NINE RIVER CAPITAL......................................................................................... 43
RABO EQUITY ADVISORS.................................................................................... 44
RAJASTHAN VENTURE CAPITAL FUND....................................................................46
SEAF............................................................................................................. 47
SEED FUND..................................................................................................... 49
SICOM LIMITED............................................................................................... 50
SIDBI VENTURE CAPITAL LTD............................................................................. 52
SONG ADVISORS.............................................................................................. 54
SUBHKAM VENTURES......................................................................................... 55
SUMMIT PARTNERS............................................................................................ 56
THE INDUS ENTREPRENEURS............................................................................... 58
TVS CAPITAL................................................................................................... 59
6

38.
39.
40.
41.
42.
a)
b)

UNLTD INDIA................................................................................................... 61
UTI VENTURES................................................................................................ 63
VENTUREAST................................................................................................... 64
YES BANK....................................................................................................... 65
ANGEL NETWORKS............................................................................................ 67
Mumbai Angel Network................................................................................ 67
Indian Angel Network.................................................................................. 69

LIST OF INCUBATORS
43.
44.
45.
46.

72

CENTRE FOR INNOVATION, INCUBATION AND ENTREPRENEURSHIP...............................72


TECHNOPRENEUR PROMOTION PROGRAMME...........................................................73
TECHNOLOGY BUSINESS INCUBATORS...................................................................75
VILLGRO INNOVATIONS FOUNDATION.....................................................................97

BRIEF OF BANK SCHEMES

100

LIST OF BANK SCHEMES

101

47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.

ANDHRA BANK............................................................................................... 101


BANK OF INDIA.............................................................................................. 102
BANK OF MAHARASHTRA.................................................................................. 104
CANARA BANK............................................................................................... 105
HARYANA STATE COOPERATIVE BANK LTD............................................................106
ICICI BANK................................................................................................... 107
INDIAN BANK................................................................................................. 109
INDIAN OVERSEAS BANK.................................................................................. 110
ING VYSYA BANK........................................................................................... 111
NABARD..................................................................................................... 112
PUNJAB NATIONAL BANK..................................................................................114
SMALL INDUSTRIAL DEVELOPMENT BANK OF INDIA.................................................116
SOUTH INDIA BANK......................................................................................... 117
STATE BANK OF INDIA..................................................................................... 118
SYNDICATE BANK............................................................................................ 121
VIJAYA BANK.................................................................................................. 124

BRIEF OF GOVERNMENT SCHEMES 127


LIST OF GOVERNMENT SCHEMES

128

63. AGRICULTURAL AND PROCESSED FOOD PRODUCTS EXPORT DEVELOPMENT AUTHORITY


(APEDA)............................................................................................................... 128
64. ANDHRA PRADESH INDUSTRIAL DEVELOPMENT CORPORATION..................................129
65. ANDHRA PRADESH STATE GOVERNMENT..............................................................131
66. ANDHRA STATE FINANCIAL CORPORATION............................................................133
67. ASSAM FINANCIAL CORPORATION.......................................................................134
68. BIHAR STATE CREDIT AND INVESTMENT CORPORATION LTD.....................................135
69. COUNCIL OF SCIENTIFIC AND INDUSTRIAL RESEARCH.............................................136
7

70.
71.
72.
73.
74.
75.
76.
77.
78.
79.
80.
81.
82.
83.
84.

CREDIT GUARANTEE FUND TRUST FOR MICRO AND SMALL ENTERPRISES (CGTMSE). .138
DELHI FINANCIAL CORPORATION........................................................................140
DEPARTMENT OF BIO TECHNOLOGY....................................................................142
DEPARTMENT OF SCIENTIFIC AND INDUSTRIAL RESEARCH........................................144
HARYANA FINANCIAL CORPORATION....................................................................146
HIMACHAL PRADESH STATE DEPARTMENT.............................................................147
KARNATAKA STATE FINANCIAL CORPORATION........................................................148
KERALA FINANCIAL CORPORATION......................................................................149
NATIONAL INNOVATION FOUNDATION..................................................................151
NORTH EASTERN DEVELOPMENT FINANCE CORPORATION LTD.................................153
ORISSA STATE FINANCIAL CORPORATION.............................................................154
PUNJAB FINANCIAL CORPORATION......................................................................156
SMALL FARMERS AGRI BUSINESS CONSORTIUM....................................................157
TAMIL NADU INDUSTRIAL INVESTMENT CORPORATION LIMITED.................................159
TECHNOLOGY DEVELOPMENT BOARD..................................................................160

ANNEXURE ACTIVITY BASED FINANCE


NOTE FOR READERS

165

164

Section - I
Venture Funds and Angel
Networks

Brief of Venture Funds & Angel


Networks
Venture funds in layman terms are a pooled investment that uses the money from
third-party investors, such as investment banks or wealthy investors, to invest in
business projects. They are usually sought for businesses that carry greater risk.
Moreover it is also a useful source when businesses are unwilling/ incapacitated to
pay the interest on bank or market loans or the same is not available for them.
In this Directory, Venture Funds headquartered in India and abroad with focus on
agriculture and allied sectors have been included. Also those with profiles of
investment in agri-businesses in the past or in recent years though with no specific
focus on this sector have been included for benefit of the entrepreneur.
Angel networks are institutions dedicated to bringing together wealthy individual
investors with different investment preference under one umbrella for the ease and
convenience of the entrepreneurs.
The following section lists only angel networks active in India.

List of Venture Funds


Aavishkaar India Micro Venture Capital
Fund

1.

Background
Name: Aavishkaar India Micro Venture Capital fund
Headquarter: Mumbai
Established: May 2002
Website: www.aavishkaar.in
Contact details: Mumbai, 516, 5th Floor, Palm Spring, Besides D-Mart,,Link
Road, Malad (W), Mumbai 400 064,Telephone: +91 22 42005757
Fax: +91 22 42005777
Chennai
Century Plaza, 2C, 560-562, Anna Salai
Teynampet, Chennai 600 018, India
Telephone: +91 44 4354 6937
General enquiries: info@aavishkaar.org
Fund Seekers: funds@aavishkaar.org
Brief Summary: Aavishkaar India Micro Venture Capital Fund intends for
investment into Micro and Small Enterprises (MSMEs) that have rural and
social focus. This fund has been operational since May 2002, and is
registered as a Private Trust under the Indian Trust Act of 1882, and with the
Securities and Exchange Board of India (SEBI). Scalability and the potential
to make strong positive social impact on rural or semi-urban India are
essential conditions for making investments.

Investing Profile
Fund Manager: Aavishkaar Venture Management Services

Type of funding: Common equity, CCPS (Compulsorily Convertible


Preference Shares), Mezzanine funding, bridge loans, working capital loans
etc.
Funding cap: USD 50,000- 5,00,000
Area/Sector Focus: Geographic Focus: Technology for Development,
Handicrafts, Renewable Energy, Agriculture, Rural Innovations, Health and
Education.
Funding Use Restrictions: NA

Application Details
Application process: Submit Business plan to- funds@aavishkaar.org
Eligibility requirements: The investment criteria is- scalability and the
potential to make strong positive social impact on rural or semi-urban India
Deadlines: NA
Documents needed: Business plan
Other details: NA

Investments
Investee 1: Vortex Engineering
Investee 2: Naveen Gram Agrotechnologies Pvt Ltd
Investee 3: Zameen Organic
Total number of investees: 17

2. Acumen Fund India


Background
Name: Acumen Fund
Headquarter: Hyderabad
Established: April 2001 (Acumen Fund)
4

Website: www.acumenfund.org
Contact details: Acumen Fund Advisory Services India Private Limited
Unit G4, Le Benaka, 6-3-248/F
Banjara Hills Road No. 1
Hyderabad - 500034,INDIA
Phone: + 91 (40) 6677-2734
Fax: + 91 (40) 6677-2731
Brief Summary: Acumen Fund invests patient capital in a variety of
institutions, reflecting the diversity of business models that can be effective
in reaching the base of the pyramid (BoP)or the billions of poor without
access to clean water, reliable health services, or formal housing options.
Eligible institutions for our financial support range from non-profit
organizations seeking to scale their operations and achieve financial
sustainability, to small and medium for-profit companies in need of capital, to
larger companies that are starting specific business units to serve the BoP.

Investing Profile
Type of funding: Equity, Debt (subject to RBI approval as FDI)
Funding cap: Maximum 2 million USD
Area/Sector Focus: Any sector in agriculture and related fields
Geographic Focus: India
Funding Use Restrictions: Capital available for 5-7 years

Application Details
Application process: Share business plan and if interested Acumen Fund
will move into diligence.
Eligibility requirements: Preferably a company with 1-2 year track record
Deadlines: NA
Documents needed: Business Plan including financials
Other details: The service or product should be inclusive with the
beneficiaries including low-income/small-holding farmers in India

Investments
5

Investee 1: Global Easy water products (drip irrigation for small scale
farmers)
Investee 2: D. Light design
Investee 3: Husk power system
Total number of investees: 12

3. Ambit Pragma
Background
Name: Ambit Pragma Fund
Headquarter:

Mumbai

Established: NA
Website: www.ambitpragma.com
Contact details: Ambit House, 449, Senapati Bapat Marg,
Lower Parel, Mumbai - 400013. India
Tel: +91 22 3003 8400
Fax: +91 22 3003 8410
Email: info@ambitpragma.com
Brief Summary: Ambit Pragma is a venture fund with focus across five
sectors.

Investing Profile
Type of funding: Equity
Funding cap: Rs 25-30 crores
Area/Sector Focus: Health, Logistics, Media and Entrtainment, food, and
infrastructure services.
Geographic Focus: India

Funding Use Restrictions: Dollar denominated and FBI regulations apply.

Application Details
Application process: Submit a Business Plan
Eligibility requirements: We look for companies that are:

Based in India and are not listed on the stock markets


Clocking revenues upwards of 20 Crores (approximately USD 5 million)
and are profitable

Looking to grow at a fast pace and need equity capital of USD 5-10
million

Led and managed by entrepreneurs who have the passion to build


valuable businesses

Deadlines: NA
Documents needed: Business Plan
Other details: NA

Investments
Investee 1: Spear
Investee 2: Urban Transport
Investee 3: Health care Hospital
Total number of investees: NA

4. Avigo Capital
Background
Name: Growth capital & SME Buyout Fund
Headquarter: Delhi
Established: NA
Website: www.avigocorp.com
7

Contact details: 503-504, DLF Place (Office Tower),


A4 District Centre, Saket,
New Delhi - 110017, India
Contact: Vivek Subramanian
Email: vivek@avigocorp.com
Tel: +91 11 4368 3300
Fax: +91 11 4368 3335
161/162, A Wing, Mittal Court,
Nariman Point, Mumbai - 400 021
Contact: SK Mitra
Email: sk@avigocorp.com
Tel: +91 22 65265454
Brief Summary: Avigos philosophy is to be the first institutional investor
primarily providing growth capital to fast growing SME companies in the
Industrial sector in India. Avigo actively assists in the corporatization of its
portfolio companies and handholds them through their journey from niche
SME players to fast-growing actively tracked companies.

Investing Profile
Type of funding: Equity
Funding cap: USD 5- 20 million
Area/Sector Focus: Engineering and Manufacturing, Industrial Services,
Infrastructure, Emerging Sectors like Education, Media and Healthcare
Geographic Focus: India
Funding Use Restrictions: Growth, Acquisition or Buyout Finance

Application Details
Application process: Submit a Business Plan
Eligibility requirements: Revenues of over USD 15 million with profitable
operating history
Deadlines: NA
Documents needed: Business Plan

Other details: NA

Investments
Investee 1: Privi Organics Ltd
Investee 2: Aeroflex
Investee 3: RINAC India Ltd
Total number of investees: More than 15

5. Beacon India Private Equity Fund


Background
Name: Beacon Private Equity Fund
Headquarter: Mauritius
Established: 2006
Website: www.beaconindia.in
Contact details:
THE INDIA ADVISOR
BCP Advisors, Pvt., Ltd.
11B Nirmal Building
Nariman Point
Mumbai, 400-021,
India
T: +91.22.6618.0000
Brief Summary: Beacon India Private Equity Fund was set up by
experienced private equity professionals to identify and invest in India's next
generation of promising companies.

Investing Profile
Type of funding: Equity

Funding cap: $ 5-25 million


Area/Sector Focus: Invest in all growth sectors. This includes
infrastructure, consumer services, business services, financial services,
healthcare and manufacturing. Also have experience in FMCG, Food &
Beverage, Hospitality, Media, Telecoms, Education, Healthcare, Financial
Services, Retail, Travel, Offshore Services, Specialty Manufacturing and Real
Estate Development.
Geographic Focus: India
Funding Use Restrictions: NA

Application Details
Application process: Submit proposal to- gayatri.patel@bcpadvisors.com
Eligibility requirements: NA
Deadlines: NA
Documents needed: Proposal / Executive summary
Other details: NA

Investments
Investee 1: Impresario
Investee 2: A2Z
Investee 3: Everest Kento Cylinders
Total number of investees: 8

6. Bessemer Venture Partners


Background
Name: Bessemer Venture Fund
Headquarter: Larchmont, New York
Established: 2004
10

Website: www.bvp.com
Contact details: 71 Free Press House
7th floor
Free Press Journal Road
215 Nariman Point, Mumbai 400 021, India
Tel: +91-22-6616-2000
Fax: +91-22-6616-2001
E mail: india@bvp.com
Brief Summary: Since 2004, Bessemer has invested in more than 24
companies and established a 14-person Mumbai-based team. Currently, the
India investment practice concentrates on three roadmaps: Agriculture,
power and infrastructure and consumer services.

Investing Profile
Type of funding: Equity
Funding cap: It typically makes investments in the range of $4 million and
$10 million and occasionally makes small seed stage investments below $1
million
Area/Sector Focus: Agriculture, power and infrastructure and consumer
services
Geographic Focus: India
Funding Use Restrictions: NA

Application Details
Application process: Submit business plans to- businessplans@bvp.com
Eligibility requirements: NA
Deadlines: NA
Documents needed: Business Plan
Other details: The firm seeks to acquire a seat on the Board of Directors of
the portfolio companies.

Investments
11

Investee 1: Orient Power


Investee 2: Sunil Hi-tech Engineers Ltd
Investee 3: NetAmbit
Total number of investees: More than 24 companies

7. Canbank Venture Fund


Background
Name: Bharat Nirman Fund
Headquarter: Bangalore
Established: 1989
Website: www.canbankventure.com
Contact details: Canbank Venture Capital Fund Limited
6th Floor, Naveen Complex
No.14, MG Road, Bangalore-1
Phone- 91-080-25586506-507
Fax- 91-080-25583909
Email: info@canbankventure.com
Brief Summary: Canbank Venture Capital Fund Ltd (CVCFL) is a wholly
owned Subsidiary of Canara Bank. Canbank Venture Capital Fund is Indias
First and Only Public Sector Bank sponsored Venture Capital Fund. The Fund
is registered with SEBI.
Four Venture Capital Funds with an aggregate corpus of around INR 1200
Million launched till date. The portfolio investments are spread across diverse
industrial segments.

Investing Profile
Type of funding: Equity
Funding cap: Rs 45-90 million
Area/Sector Focus: The Investment Focus is on Emerging Indian SME
Businesses in IT/ ITES/ BPO, Telecom, Biotechnology, Healthcare,
12

Pharmaceuticals, Engineering, Auto & Auto Components, Infrastructure led


Sectors and Domestic Demand Driven Segments.
Geographic Focus: India
Funding Use Restrictions: Growth and expansion financing

Application Details
Application process: Contact them
Eligibility requirements: The investment criteria covers the following
points:

Activity- Growth and Expansion financing,


Technology and business- Businesses with established technological or
market positioning edge with sustainable competitive advantage,
operating efficiencies and attractive profit margins.

Management team: Strong Management Team with a demonstrated


track record of performance, integrity, commitment and enterprise.

Sector- Investment will be in sectors with sustainable high growth


potential.

Our role in the venture: Board Representation

Deadlines: NA
Documents needed: NA
Other details: NA

Investments
Investee 1: PRATHISTA INDUSTRIES LIMITED
Investee 2: MERCHEM LTD.
Investee 3: M-TECH INNOVATIONS LTD
Total number of investees: NA

13

8. Canbank Venture Fund


Background
Name: Bharat Nirman Fund
Headquarter: Bangalore
Established: 1989
Website: www.canbankventure.com
Contact details: Canbank Venture Capital Fund Limited
6th Floor, Naveen Complex
No.14, MG Road, Bangalore-1
Phone- 91-080-25586506-507
Fax- 91-080-25583909
Email: info@canbankventure.com
Brief Summary: Canbank Venture Capital Fund Ltd (CVCFL) is a wholly
owned Subsidiary of Canara Bank. Canbank Venture Capital Fund is Indias
First and Only Public Sector Bank sponsored Venture Capital Fund. The Fund
is registered with SEBI.
Four Venture Capital Funds with an aggregate corpus of around INR 1200
Million launched till date. The portfolio investments are spread across diverse
industrial segments.

Investing Profile
Type of funding: Equity
Funding cap: Rs 45-90 million
Area/Sector Focus: The Investment Focus is on Emerging Indian SME
Businesses in IT/ ITES/ BPO, Telecom, Biotechnology, Healthcare,
Pharmaceuticals, Engineering, Auto & Auto Components, Infrastructure led
Sectors and Domestic Demand Driven Segments.
Geographic Focus: India
Funding Use Restrictions: Growth and expansion financing

Application Details
14

Application process: Contact them


Eligibility requirements: The investment criteria covers the following
points:

Activity- Growth and Expansion financing,


Technology and business- Businesses with established technological or
market positioning edge with sustainable competitive advantage,
operating efficiencies and attractive profit margins.

Management team: Strong Management Team with a demonstrated


track record of performance, integrity, commitment and enterprise.

Sector- Investment will be in sectors with sustainable high growth


potential.

Our role in the venture: Board Representation

Deadlines: NA
Documents needed: NA
Other details: NA

Investments
Investee 1: PRATHISTA INDUSTRIES LIMITED
Investee 2: MERCHEM LTD.
Investee 3: M-TECH INNOVATIONS LTD
Total number of investees: NA

9. Elevar Equity Advisors Pvt Ltd


Background
Name: Elevar equity
Headquarter: Bangalore
Established: 2006

15

Website: www.elevarequity.com
Contact details: Elevar Equity Advisors Private Limited
No. 9/3, Kaiser-E-Hind1st Floor,
Richmond Road,
Bangalore - 560 025. INDIA
Tel: 91.80.4142.1717
Fax: 91.80.4112.0009
General Inquiry: info@elevarequity.com
Submit Business Plan: businessplan@elevarequity.com
Brief Summary: Elevar Equity is a leading global growth investor focused
on the underserved four billion at the base of the pyramid in developing
countries. Elevar Equity invests for social and economics return.

Investing Profile
Type of funding: Equity
Funding cap: NA
Area/Sector Focus: Microfinance and Entrepreneurs focused on providing
affordable, commercial and scalable financial and other services to
communities at the base of the pyramid
Geographic Focus: India, Latin America, and Southeast Asia
Funding Use Restrictions: NA

Application Details
Application process: Submit a business plan online or mail them atbusinessplan@elevarequity.com
Eligibility requirements: Elevar Equity invests in entrepreneurs that are
focused on providing affordable, commercial and scalable services to the
poor. They place a strong emphasis on the quality of the companys
management team and their ability to leverage through innovation, the full
potential of microfinance or similar networks. Viewing these networks as
distribution and aggregation systems, they support entrepreneurs who focus
on building high growth microfinance institutions that are creating
opportunity for the poor; alternate delivery channels for microfinance and
16

other services from mobile phones to internet kiosks; the delivery of new
financial products and services using microfinance distribution channels; and
services that link unconnected individuals and communities to global
systems (financial, health care, communications, education).
Deadlines: NA
Documents needed: Business Plan

Investments
Investee 1: Moksha Yuga Access
Investee 2: SKS Microfinance
Investee 3: Comat technologies
Total number of investees: More than 8

10. Ennovent
Background
Name: Sustainable Enterprise Fund
Headquarter: Austria
Established: NA
Website: www.ennovent.com
Contact details: Online
Brief Summary: Their mission is to promote entrepreneurs who advance
innovations for sustainability at the base of the economic pyramid. Building
on its broad expertise and through leveraging its network, it discovers,
finances and scale innovations that catalyze fundamental change to
sustainable development. Their social venture capital fund, the Sustainable
Enterprises Fund, invests in innovations in energy, food, water, health and
education for India's poor.

Investing Profile
Type of funding: Equity, loans or structured finance (but not grants)
17

Funding cap: Per enterprise: 100,000 to 1,000,000


Area/Sector Focus: Rural and urban poor areas in India (food, energy,
Water, education and health)
Geographic Focus: India
Funding Use Restrictions: Scale-up, growth or expansion capital (no
repayment of pre-finance or deficit reduction). For further clarification visit
their investment criteria link-http://www.ennovent.com/fund/investmentcriteria.html

Application Details
Application process: Submit business proposal online
Eligibility requirements: All applications submitted to ennovent will be
evaluated in accordance with the following investment and exclusion criteria.
Additional, as well as more specific, criteria may be laid down by ennovent
from time to time.
Target Market

Base of the Economic Pyramid (BoP) - People who earn


about USD 2.- or less

Geographic Regio
Rural and urban poor areas in India
n
Innovations for sustainability that are valuable to people
Sector Focus
at the BoP (e.g. food, energy, health, education and
water)
Innovative products, processes, services and business
Definition of
models that address challenges of sustainability at the
Innovation
BoP in developing countries.
Indian or foreign for-profit enterprises working or
Enterprise Type planning to work in India. They invest in funds, NGOs or
lending institutions.
Impact of Enterpr Triple Bottom Line Returns - social, economic and
ise
environmental impact - at the BoP in India
Enterprise Size
Small and medium size enterprises
Short to medium-term operating history (not seed
Stage of
stage). The enterprise should have proof of concept and
Operation
at least partly proof of market.
Capital Commitm Per enterprise: 100,000 to 1,000,000 in equity, loans
ent
or structured finance (but not grants)
Scale-up, growth or expansion capital (no repayment of
Capital Utilization
pre-finance or deficit reduction)
18

Investment Perio
Payback or exit in five to seven years
d

Deadlines: NA
Documents needed: Business Plan
Other details: Other additional criteriahttp://www.ennovent.com/fileadmin/user_upload/Resources/ennovent_invest
ment_criteria.pdf

Investments
Investee 1: NA
Investee 2: NA
Investee 3: NA
Total number of investees: Yet to invest

11. Epiphany Ventures


Background
Name: Epiphany Ventures
Headquarter: Mumbai
Established: NA
Website: www.epiphanyventures.in
Contact details: Epiphany ventures, C/o Facor 168 CST Rd. Kalina Santacruz
E, Mumbai
T: 91 22 2652 8635
F: 91 22 2652 6079
Email: contact@epiphanyventures.in

19

Brief Summary: Epiphany ventures works with high profile overseas


investors to identify opportunities to invest a total of 25 million dollar in path
breaking ventures in India and abroad. Considers all sectors for investment
where business is scalable.

Investing Profile
Type of funding: Equity
Funding cap: $ 0.5-3.0 million
Area/Sector Focus: Across all sectors
Geographic Focus: Global
Funding Use Restrictions: NA

Application Details
Application process: Contact them
Eligibility requirements: NA
Deadlines: NA
Documents needed: NA
Other details: NA

Investments
Investee 1: NA
Investee 2: NA
Investee 3: NA
Total number of investees: NA

12. Footprint ventures


Background
Name: Footprint ventures

20

Headquarter: US
Established: NA
Website: www.footprintventures.com
Contact details:
Email:

info@footprintventures.com

Address: Plot No. 16, 2nd Floor, 7th Main, 1st Block
Koramangala, Bangalore, India 560 034
Phone:

(91) 80 41101910

Fax: (91) 80 41101913

Brief Summary: Footprint is an early stage venture capital fund, based out
of India. They are aptly suited for entrepreneurs seeking Series A
investment.

Investing Profile
Type of funding: Equity
Funding cap: NA
Area/Sector Focus: They have very broad areas of interest. It ranges from
software products or software-as-a-service (SaaS) to telecom, mobile VAS,
education, lifestyle, infrastructure, healthcare, biotech, life sciences, cleantech and other technology enabled services.
Geographic Focus: Global
Funding Use Restrictions: NA

Application Details
Application process: Contact them
Eligibility requirements: Footprint invests in companies that have proof of
technology in place and are actively engaging with their potential customers
or are in early revenue.
Deadlines: NA
Documents needed: NA

21

Other details: Focuses on early stage venture opportunities

Investments
Investee 1: Canvera
Investee 2: Ticketvala
Investee 3: Mast Kalandhar
Total number of investees: NA

13. Gujarat Venture Finance Limited


Background
Name of the scheme: Gujarat Biotechnology venture Fund/ SME
technology venture Fund
Website: www.gvfl.com
Established: NA

Contact details: GVFL Ltd.


1st Floor, Premchand House Annexe,
B/h Popular House, Ashram Road,
Ahmedabad 380 009.
Phone:+91-79-4021 3900, 2658 9985
Fax: +91-79-2658 5226
For General Queries: info@gvfl.com
For Business Queries: bplans@gvfl.com
Brief Summary: The Fund would identify start-ups, early stage and existing
companies in the areas of biotechnology having potential to become leading
players in India or be acquired by multinational companies or in synergy with
corporate investors of the Fund/ The SME fund would be used for investing in
various projects of both small and medium technology companies. The entire
fund would be invested in six to eight projects within a period of one year

Investing Profile
22

Type of Funding: Equity


Funding Cap: INR -50- 150 million
Area/Sector Focus: Technology, Biopharma, Agri- Biotech, Contract
Research and Industrial Biotechnology.
Geographic Focus: India
Funding Use Restriction: NA

Application Details
Application process: Submit Business Plan at- bplans@gvfl.com. This
will be followed by a personal meeting
Eligibility requirements: GVFL has primarily focused on financing
companies in the SME segment. If you have the technology and want to
implement it commercially, you meet our eligibility criteria.
Deadlines: NA
Documents needed: Executive summary
Other details: NA

Investments
Investee 1: Fair Tech Engineering Service Ltd
Investee 2: Sebacic India Ltd
Investee 3: Shahjanand Laser Technology Ltd
Total number of investee: NA

14. IDFC Private Equity


Background
Name: IDFC Private equity Fund
Headquarter: Mumbai
Established: NA
23

Website: www.idfcpe.com
Contact details: IDFC Private Equity,
201 Naman Chambers, C-32, G- block, Bandra Kurla Complex,
Bandra East, Mumbai.
Ph: 91 22 4222 2000
Fax: 91 22 2652 3803
Email: fund@idfcpe.com
Brief Summary: It is Indias largest private equity firm focused on
infrastructure.

Investing Profile
Type of funding: Equity
Funding cap: INR 2000-5000 million
Area/Sector Focus: Focus areas:
1. Rural Infrastructure- food processing, distribution
2. Power, telecommunication, Oil & Gas, Transportation, Social & Urban
Infrastructure
Geographic Focus: India
Funding Use Restrictions: NA

Application Details
Application process: Submit presentation to satish@idfcpe.com
Eligibility requirements: Looks at 4 key factors while evaluating
investment opportunities: Management teams, Deal terms, Exit strategy and
Quality Business.
Deadlines: NA
Documents needed: Business Plan
Other details: NA

24

Investments
Investee 1: NA
Investee 2: NA
Investee 3: NA
Total number of investees: 27

15. IFCI Venture Capital Funds Ltd


Background
Name: India Enterprise Development Fund
Headquarter: Delhi
Established: NA
Website: www.ifciventure.com
Contact details: IFCI Venture Capital Funds Ltd. (IFCI Venture)
11th Floor, IFCI Tower, 61, Nehru Place,
New Delhi - 110 019
Ph : +91-011-26453343/46
Fax : +91-011-26453348 (Fax)
E-mail :
iedf@ifciventure.com
deals@ifciventure.com
resources@ifciventure.com
Brief Summary: The fund seeks to invest in knowledge based projects with
relatively high entry barriers, critical applications, prospects for high growth
and global scalability. The projects/ ventures for investment under the fund
would be identified in diversified and/ or emerging sectors of the economy

Investing Profile
Type of funding: Equity

25

Funding cap: NA
Area/Sector Focus: The investment under IEDF would be made to avail
opportunities for investment in key & emerging sectors of the Indian economy.

Geographic Focus: India


Funding Use Restrictions: NA

Application Details
Application process: The Company has a four step application process

Initial/ Preliminary discussions with promoters


Submission of business plan by the promoters
Due-diligence/ Investment appraisal
Investment decision/ Further direction

Eligibility requirements: The criteria for investment are as follows;


a. The investment under IEDF would generally be made in companies
promoted by professionally qualified and/ or experienced promoters.
The promoters/companies should have assimilated the project/process/
technology and can establish commercial viability of venture.
b. The investments will generally be made in companies proposing to
either deliver critical products/ services or have unique & critical
business processes.
c. The investee companies should propose to set up projects as per well
conceived/developed business plan.
d. The Investment will be preferred in late start-up Companies
undertaking expansion of business.
e. The investments will be made in Indian companies qualifying the
objective of the fund. Such Indian companies may also include small
and medium enterprises with prospects for accelerated growth and
generating high returns on investment.
f. The investee companies with features such as Global competence,
Corporate Governance, etc. would be preferred for investment under
the fund.
g. The companies should be in position to provide exit from investment in
a period of 4-6 years.

26

h. The investment will generally be linked to a specific business project of


the company.
i. The investments under IEDF will be made as per limit prescribed under
SEBI Regulations.
Deadlines: NA
Documents needed: Business Plan
Other details: NA

Investments
Investee 1: Jeevan Rekha Medical care Services Ltd.
Investee 2: Shri Pushkar petro products Ltd
Investee 3: Sharon Solutions
Total number of investees: NA

16. IFMR Ventures


Background
Name: Network Enterprises Fund (NEF)
Headquarter: Chennai
Established: NA
Website: www.ifmrtrust.co.in
Contact details: 1, Kanagam Village, 10th Floor, IIT research Park,
Taramani,
Chennai - 600 113
Ph : +91 44 6668 7000
Fax: +91 44 6668 7010
Brief Summary: The NEF intends to make investments in some key missing
links in rural supply chains.

Investing Profile
27

Type of funding: Equity


Funding cap: NA
Area/Sector Focus: invest in supply chain companies in sectors like rural
tourism, dairy, crafts, apparel and furnishings, rural energy, vocational
training, rural drinking water, consumer goods (FMCG) and agriculture
terminal markets
Geographic Focus: India
Funding Use Restrictions: NA

Application Details
Application process: Submit Proposals
Eligibility requirements: NEF will only invest in companies that are:

Industry utilities or back-ends: Where a single entity has the


potential to work with thousands of remote rural enterprises. This
would typically be a national transaction platform like an exchange or
an internet-based transaction platform.
Management services companies that can aid the replication of
thousands of enterprises (enterprise-in-a-box) through the provision of
standardised business inputs.

Deadlines: NA
Documents needed: Business Plan
Other details: The NEF expects to get returns in the form of regular
dividend and interest payout by the investee companies. It may also make
additional returns in the form of terminal value. Promoter buyback/ trade
sales are the likely exits.

Investments
Investee 1: Earthy Goods
Investee 2: Capstone
Investee 3: Sandhi
Total number of investees: 7
28

17. IL & FS Investment Managers Limited


Background
Name: TARA fund
Headquarter: Mumbai
Established: 2007
Website: www.iimlindia.com
Contact details: Mr. Mark Silgardo
IL&FS Investment Managers Limited
The IL&FS Financial Centre, 1st Floor,
Plot No. C - 22, G Block,
Bandra Kurla Complex,
Bandra (East), Mumbai - 400 051
India
E-mail: mark.silgardo@ilfsindia.com
Tel : +91 22 2659 3120
Fax : +91 22 2653 3056
Brief Summary: Tara India Fund III, a US$ 225 mn fund sponsored by IL&FS,
is a continuation of IIML's strategy of providing capital to middle-market
companies to fund their growth plans. Tara India Fund III builds on the
successful growth capital investment strategy of its predecessor funds - the
AIG India Sectoral Equity Fund and the Leverage India Fund.

Investing Profile
Type of funding: Equity
Funding cap: $ 8 million - $ 20 million
Area/Sector Focus: Infrastructure, Consumer Services, Manufacturing,
Information Technology and pharmaceutical-healthcare services
Geographic Focus: India
Funding Use Restrictions: NA
29

Application Details
Application process: Submit a business plan
Eligibility requirements: For growth stage companies. It is expected that
the majority of the Fund's capital will be invested in growth opportunities,
including expansions, restructurings, buyouts and acquisitions.
Deadlines: NA
Documents needed: Business plan
Other details: NA

Investments
Investee 1:Ramsky infrastructure limited
Investee 2: Godrej Beverage and Food Limited
Investee 3: Napo India Ltd
Total number of investees: 8

18. India Co Ventures Limited


Background
Name: India Co India Fund
Headquarter: Pune
Established: NA
Website: www.indiaco.com
Contact details: IndiaCo Center, 4th Floor,
Symphony, S.No. 210 A/1,
Range Hills Road, Shivaji Nagar,
Pune 411 020
Maharashtra, India
Tel

+91.20. 2556 0254

30

+91.20. 2556 0264


Fax
+91.20. 2556 0243
Brief Summary: IndiaCo is a profitable investment management firm listed
on the Bombay Stock Exchange. IndiaCo selects investment opportunities
with strictly defined parameters, where IndiaCo can bring about positive
change through strategic, financial, technological and operational
involvement, thus revolutionizing the company's fundamental parameters.

Investing Profile
Type of funding: Equity
Funding cap: 40-60 crores per deal
Area/Sector Focus: Has focus on the following sectors:
Telecom Tower O&M and Value Added Services (VAS)
Energy Saving Companies
Healthcare
Domestic consumption driven sectors/companies
Infrastructure Ancillaries
Information Technology (IT) & IT Enabled Services (ITES)
Geographic Focus: India
Funding Use Restrictions: Growth Capital

Application Details
Application process: Submit business plans to info@indiaco.com
Eligibility requirements: Their investment strategy includes the following:
Leverage Indias knowledge and resource advantage and their access to
global markets Have competitive, defensible business models and
intellectual property, leading to high growth
Companies that are fast growing and profitable
Need growth capital for organic expansion and/or M&A
Can get publicly listed in 3-4 years
Investment risk is mitigated by sector and stage diversification, and handson involvement by India Co in portfolio companies
Deadlines: NA
Documents needed: Business Plan
31

Other details: It is shortly going to launch India Growth opportunities fund.

Investments
Investee 1: Neo Corp International Ltd
Investee 2: Grow VC operations Limited
Investee 3: NA
Total number of investees: 2

19. India Value Fund


Background
Name: India Value Fund
Headquarter:

India

Established: 1999
Website: www.ivfa.com
Contact details: INDIA VALUE FUND
Rocklines House
Ground Floor
9/2, Museum Road
Bangalore 560 001
Karnataka
India
T +91 80 4132 1845
F +91 80 2559 0800
India Value Fund
Suite F9C
Grand Hyatt Plaza
Santacruz (East)
Mumbai 400 055
India
32

T +91 22 6695 4888


F +91 22 6695 4777
Email: contactus@ivfa.com
Brief Summary: IVFA favors Buy and Build' or Invest and Build' business
models.

Investing Profile
Type of funding: Equity
Funding cap: NA
Area/Sector Focus: Although sector agnostic, IVFA has built reasonable
understanding of sectors like Media & Entertainment, Healthcare, Logistics,
Supply Chain & Retailing, Infrastructure Services, Education and Clean
Energy.
Geographic Focus: India
Funding Use Restrictions: NA

Application Details
Application process: Submit business proposal to- contactus@ivfa.com
IVFA follows a rigorous and structured process for screening investment
proposals. The entire process from start to disbursement of funds takes 4 - 6
months.
IVFA investment process consists of four stages:
Initial Screening
Detailed Evaluation
Due Diligence
Legal Agreements & Closing
Eligibility requirements: IVFA is interested in companies which have been
steered by strong entrepreneurship to leadership or near leadership positions
in their respective industry segments; which now require professional
management, systems and financial capital to achieve a step change in
business growth.
Deadlines: NA
33

Documents needed: Business Plan


Other details: Has invested in BIOCON in the past

Investments
Investee 1: DM healthcare
Investee 2: ACT
Investee 3: Inlogistics
Total number of investees: Around 18

20. IndoUS Venture Partners


Background
Name: IndoUS Venture Partners
Headquarter: US office-SantaClara, CA
India office- Bangalore
Established: NA
Website: www.iuvp.com
Contact details: IndoUS Capital Advisors Pvt. Ltd.
Ground Floor, Unit-2, Navigator Bldg.
International Tech Park
Whitefield Road
Bangalore 560066, India
Shruti Sadasivan, Marketing Associate, IndoUS Venture Partners
Board line: 080 66169500 Direct: 080 66169514
Brief Summary: IndoUS Venture Partners (IUVP) is a leading venture capital
firm which provides early and mid-stage funding to new or growing
businesses in India.

Investing Profile
Type of funding: Equity or debt
34

Funding cap: NA
Area/Sector Focus: Technology
Geographic Focus: India
Funding Use Restrictions: NA

Application Details
Application process: Submit business plan to iuvpinfo@iuvp.com or
ssadasivan@iuvp.com
Eligibility requirements: Invest in firms that have a strong technology or
process leverage
Deadlines: NA
Documents needed: Business Plan presentation/information
memorandum/company teaser
Other details: NA

Investments
Investee 1: Basiz
Investee 2: Attero
Investee 3: Gradatim
Total number of investees: 17

21. International Finance Corporation


Background
Name: International Finance Corporation
Headquarter: Washington
Established: 1956
Website: www.ifc.org

35

Contact details: 50-M, Shanti Path


Gate No. 3, Niti Marg
Chanakyapuri
New Delhi 110 021
Tel: (91-11) 4111 1000
Fax: (91-11) 4111 1001-2
Agribusiness contact- Vipul C. Prakash
Senior Manager,
Africa, Middle East, Southern
Europe, South and East Asia Tel: (202) 473-1015
Fax: (202) 974-4338
E-mail: Vprakash@ifc.org
Brief Summary: IFC fosters sustainable economic growth in developing
countries by financing private sector investment, mobilizing capital in the
international financial markets, and providing advisory services to businesses
and governments.

Investing Profile
Type of funding: Loan, Equity
Funding cap: IFC investments typically range from $100,000 to $1 million,
for small and medium projects range, and from $1 million to $100 million for
standard-size projects.
Area/Sector Focus: Agribusiness, Health & Education, Infrastructure etc
Geographic Focus: Global
Funding Use Restrictions: NA

Application Details
Application process: In order for IFC to assess if a project meets its
requirements for funding, submit to them a detailed investment proposal.
Please note that there is no standard application form for IFC financing. In
the following link one will find IFC's guidelines on what information to
include:
http://www.ifc.org/ifcext/proserv.nsf/Content/InvestmentProposal

36

Proposals can be submitted to IFC's sector/industry departments.


Eligibility requirements: - Be located in a developing country that is a
member of IFC;
- Be in the private sector;
- Be technically sound;
- Have good prospects of being profitable;
- Benefit the local economy; and
- Be environmentally and socially sound, satisfying IFC environmental and
social standards as well as those of the host country.
IFC does not lend directly to micro, small, and medium enterprises or
individual entrepreneurs, but many of our investment clients are financial
intermediaries that on-lend to smaller businesses.
Deadlines: NA
Documents needed: Investment Proposal
Other details: NA

Investments
Investee 1: Jain Irrigation
Investee 2: Auro Mira Bio Systems
Investee 3: Modern dairies Ltd
Total number of investees: NA

22. Kotak Private Equity


Background
Name: India Growth Fund
Headquarter: Mumbai
Established: 2005
Website: www.privateequityfund.kotak.com
Contact details: Kotak Private Equity Group,
5th Floor , INGS Point , Plot no. 8
37

Near University Campus


CST Road , Kalina
Mumbai 400 098
Telephone: +91-22-66260500
Brief Summary: Kotak Private Equity Group (KPEG) is a specialist India
Private Equity firm of Kotak Mahindra Group. They are focused on helping
emerging corporates and mid-size enterprises evolve into tomorrow's
industry leaders. KPEG provides these companies a combination of equity
capital, strategic support and other value added services, playing a proactive role with the entrepreneur in building the business.

Investing Profile
Type of funding: Equity
Funding cap: USD 15 million to 40 million
Area/Sector Focus: Life-Sciences (Pharmaceuticals & Biotechnology),
Retailing, Media & Entertainment, Light Manufacturing, Agri-business, Food
Processing & Infrastructure Led Services like Healthcare, Logistics &
Distribution and Information Technology (Software Products, Services and IT
enabled)
Geographic Focus: India
Funding Use Restrictions: NA

Application Details
Application process: Submit Business Plan
Eligibility requirements: The Company seeks to invest in organizations
with the following:

a management team that demonstrates passion and the hunger/drive


to create a world class enterprise; a team that brings in both credibility
and capability and has a proven track record
a company with strong intellectual property, technology or a well
differentiated market positioning
a well articulated business plan coupled with strong execution skills
that would give the company a sustainable competitive advantage

38

a company that has the clear potential of achieving a leadership


position in a well-defined, large and growing market.

a company with clear exit plan for the investors and which has the
potential to offer superior returns to the investor.

Deadlines: NA
Documents needed: Business Plan
Other details: NA

Investments
Investee 1: Metahelix Life Sciences Pvt Ltd
Investee 2: DRS Logistics Limited
Investee 3: Sabare International Limited
Total number of investees: NA

23. Morpheus venture partners


Background
Name: Business acceleration Programme
Headquarter: NA
Established: NA
Website: www.themorpheus.com
Contact details: neo@morpheusventure.com
Brief Summary: It is a gang of serial entrepreneurs and around 40 startup
founders and growing. Via Morpheus they are trying to make a small
contribution towards Indias startup revolution. They engage with startups
in the most crucial phase of their existence, the first 12-18 months, the
phase that is also known as valley of death. Morpheus runs a Business
Acceleration Program (BAP) for talented, progressive and young startups
designed to guide startups through this treacherous phase.

Investing Profile
39

Type of funding: Equity


Funding cap: Take an equity stake of 7% to 12% in each of the companies
which engage with us as part of the business acceleration program. Also
invests Rs 5 lakh in start ups
Area/Sector Focus: Start Ups
Geographic Focus: India
Funding Use Restrictions: NA

Application Details
Application process: Morpheus accepts companies to their Business
Acceleration Program twice a year
Eligibility requirements: NA
Deadlines: Announces batches 6 monthly
Documents needed: Fill in their online application form
Other details: NA

Investments
Investee 1: AdScoot
Investee 2: Naabo
Investee 3:Red Quanta
Total number of investees: NA

24. Nadathur Holdings and Investment Ltd


Background
Name: Nadathur Holdings
Headquarter: Bangalore
Established: NA

40

Website: www.nadathur.com
Contact details:
Nadathur Holdings and Investments Pvt. Ltd.,
# 278/23, 3rd Floor, 10th Main,
T.Mariappa Road, 2nd Block,
Jayanagar, Bangalore 560 011.
Tel: 91 80 41204336/37/38
Fax: 91 80 41204339
Email : info@nadathur.com
Brief Summary: They have invested in over 25 venture and private equity
opportunities, have funded an investment bank, and have made long-term
investments in philanthropic and social ventures. The group's activities span
diverse sectors, including information technology, hospitality, aerospace,
biotechnology, health care, education, real estate, arts, and conservation.

Investing Profile
Type of funding: Equity
Funding cap: NA
Area/Sector Focus: Health care and Life sciences (biotech), IT and
Engineering services
Geographic Focus: Global
Funding Use Restrictions: NA

Application Details
Application process: Submit business plans with clearly spelt out- drivers
of market success, pragmatic approach to execution and a structured value
creation path to funding@nadathur.com
Eligibility requirements: Given the early-stage profile of companies in
which they invest, it focuses on the experience and capabilities of the
management team as the primary determinant of success. In addition to a
quality management team, it always look for scientific or business innovation
driven businesses that either target the Indian market or leverage Indian
resources to target the global markets.
41

Deadlines: NA
Documents needed: Business Presentation
Other details: NA

Investments
Investee 1: Geetha Kannan Spices Pvt Ltd
Investee 2: Metahelix ( agri- biotech)
Investee 3: Dhaanya Seeds Pvt Ltd
Total number of investees: Over 25 companies

25. NexusVentures
Background
Name: Nexus Ventures
Headquarter: India and Sillicon valley
Established: NA
Website: www.nexusvp.com
Contact details: Nexus India Capital Advisors Pvt Ltd
G-2, Sarjan Plaza
100, Dr. Annie Besant Road
Worli
Mumbai 400018
India
Tel: +91 (22) 662 60000
Fax: +91 (22) 662 60001
Brief Summary: NexusVentures typically invest early in the life of the
company and in many cases, they are the first institutional round of capital.
Their investment size ranges from $100,000 to $10 million. They also like to
participate in follow-on investments at later stages for companies that
successfully execute their business plans. They prefer to take a board seat in
the companies they invest in and be active in supporting the entrepreneur
42

wherever assistance is required. However, they do not seek to control the


company they invest in.

Investing Profile
Type of funding: Equity
Funding cap: $100,000 to 10 million
Area/Sector Focus: No specific focus- Consumer, cleantech, technology,
internet
Geographic Focus: India
Funding Use Restrictions: NA

Application Details
Application process: Submit Business plan at- plan@nexusindiacap.com
Eligibility requirements: We invest in early and early growth stage
companies across sectors.
Deadlines: NA
Documents needed: NA
Other details: NA

Investments
Investee 1: Suminter India Organics
Investee 2: Sudemac
Total number of investees: 21

26. Nine River Capital


Background
Name: Nine River Capital
Headquarter: Mumbai
43

Established: NA
Website: www.nineriverscapital.com
Contact details: 511-512, Meadows, Sahar Plaza,
Andheri Kurla Road, Andheri (East),
Mumbai - 400 059 India.
Email:
Fax: +91 22 4063 2801

Tel: +91 22 4063 2800

Brief Summary: Nine Rivers Capital is a premier India centric Private Equity
Investment Manager/ Investment Advisor focused on providing growth and
expansion capital to Small & Medium Enterprises (SMEs).

Investing Profile
Type of funding: Equity
Funding cap: US $ 5-15 million
Area/Sector Focus: Sector Agnostic
Geographic Focus: India
Funding Use Restrictions: NA

Application Details
Application process: Submit B Plan
Eligibility requirements: The company looks into investing in businesses
with strong, defensible market franchises and visible revenue & earnings
growth to potentially generate high levels of free cash flow and/or attractive
returns on the capital reinvested in business.
Typically the companies they seek to invest would have achieved initial
levels of success; but will be operating under constraints that impede their
growth. These constraints may include, for example, lack of adequate capital
for expansion and growth, limitations on managerial or operating resources,
excessive financial leverage or poor capital structures amongst others.
Deadlines: NA
44

Documents needed: Business Plan


Other details: NA

Investments
Investee 1: Global Agrisystem Pvt Ltd
Investee 2: GPT Infra projects Ltd
Investee 3: Pranav Construction Systems Pvt Ltd
Total number of investees: NA

27. Rabo Equity Advisors


Background
Name: India Agri business fund Ltd
Headquarter: Mauritius
Established: NA
Website: www.rabobank.com/equity
Contact details: D-41, 3rd Floor
Defence Colony
New Delhi 110024
+91 11 66339898
satish.kumar@raboequity.in
Brief Summary: The Fund is an extended commitment of Rabobank and
the three Lead investors to Indian food and agribusiness sector and is their
first such fund in an emerging market. The Fund will focus on the fastest
growing sub sectors in the Food & Agribusiness space. The Fund has been
incorporated as a limited liability company in Mauritius. It is registered as
Global Business License Category I with Financial Services Commission,
Mauritius. Rabo Equity Management Company Limited will be the Manager to
the Fund and Rabo Equity Advisors Private Limited will be the Advisor.

Investing Profile
Type of funding: Foreign Direct Investment ( Equity)
45

Funding cap: US $ 3 million- 10 million


Area/Sector Focus: All sub-sectors of food and agribusiness and agriinfrastructure. Focus of the fund is on Small and Medium enterprises with a
turn over of $50-75 million.
Geographic Focus: India
Funding Use Restrictions: NA

Application Details
Application process: Contact investment team with business proposal
Eligibility requirements: Food & Agribusiness: Seeds, Food grains, Oil
seeds & edible oil, Non-alcoholic beverages, Alcoholic beverage (limited to
beer), Dairy & dairy products, Poultry, Fruits and vegetables (fresh &
processed), Processed foods, Food ingredients, Confectionary, Fishery &
seafood, etc. Agri infrastructure: Post harvest infrastructure, Warehousing,
Food parks and agri-export zones, Cold storages and cold chain logistics,
Terminal markets, etc.
Deadlines: NA
Documents needed: Business Plan
Other details: NA

Investments
Investee 1: Sri Biotech Laboratories India Ltd
Investee 2: Global green Co Ltd
Investee 3: Gee pee Agri Pvt Ltd
Total number of investees: NA

28. Rajasthan Venture Capital Fund


Background
Name of the scheme: Venture Assistance
46

Website: www.rvcf.org
Established: NA
Contact details: Girish Gupta
Chief Executive Officer
Rajasthan Asset Management Company Pvt. Ltd.
(Managers to Rajasthan Venture Capital Fund)
7th Floor, Ganga Heights,
Bapu Nagar,Tonk Road,
Jaipur, Pin:-302005
Rajasthan (India)
Phone:- 0141-4071680, 0141-4071681, 0141-4071682, 0141-4071683
Fax:-91-0141-5101226
Brief Summary: RVCF aims at investing in companies in the Information
Technology, Bio- Technology , Retail, Auto, Agri-Tech, Health Care, Tourism,
Entertainment and other technology-driven industries in India with focus on
Rajasthan and NCR such as Delhi, Gurgaon and Noida. The Fund's investment
in companies is through the route of equity, quasi-equity and debt
instruments. The Fund seeks to achieve its return through dividends and
capital gains at the time of disinvestment through an Initial Public Offering a
negotiated sale of its holding to Strategic Investors, Buy-back, etc.

Investing Profile
Type of Funding: The Fund invests in the form of equity, Optionally
Convertible Debentures (OCD)/ Optionally Convertible Cumulative
Preferential Shares (OCCPS), etc. In exceptional cases conditional loans may
also be considered. The exact instrument varies from case to case depending
on the risk perception, the requirements of the investee company and the
applicable SEBI regulations.
Funding Cap: Individual investment normally in the range of Rs. 10 million
to Rs. 200 million. Normally investment in equity is restricted to 40% of the
total paid up capital of the company .Larger investment may also be
considered jointly with national funds.

47

Area/Sector Focus: RVCF is mandated to fund technology driven projects in


general and IT, Bio-Technology, Retail, Auto, Agri-Tech, Health Care, Tourism
and Entertainment Sectors in particular.
Geographic Focus: India
Funding use restriction: NA

Application Details
Application process: Submit a business plan by email or post
Eligibility requirements: The Fund's primary objectives are to make
available venture capital to new companies, which have shown performance.
The Fund also invests in start-ups, turn-around and buy-out situations on
case to case basis.
Deadlines: NA
Documents needed: Executive summary detailing the followinghttp://www.rvcf.org/FAQ.aspx#q1
Other details: NA

Investments
Investee 1: Hitashi Herbotech Pvt Ltd
Investee 2: Sebacic Acid Ltd
Investee 3: The home Store India Ltd
Total Number of Investee: NA

29. SEAF
Background
Name: India growth Fund
Headquarter:

Washington DC

Established: NA

48

Website: www.seaf.com
Contact details: SEAF India Investment Advisors Pvt. Ltd.,
No. 30-31, Shubhadha Building B Wing
Pockhanwala Road Worli,
Mumbai 400 021, India
Tel: (91) 22 249 40399
Cell: (91) 98102 74483
Email: hmathur@seafweb.org
Managing Director: Hemendra Mathur
Brief Summary: SEAF is currently operating in India through the India
Growth Fund in partnership with Kotak Mahindra Bank. The Fund invests in
Indian companies with high-growth potential and sustainable competitive
advantages. SEAF India Investment Advisor is the investment advisor to
Kotak, particularly in connecting Indian companies to markets in the United
States, Europe, Latin America and East Asia. With SIDBI and USAID as anchor
investors, the India Growth Fund is currently capitalized at approximately
USD 160 million.

Investing Profile
Type of funding: Equity
Funding cap: 5-20 crores
Area/Sector Focus: Food and Agribusiness
Geographic Focus: India
Funding Use Restrictions: Growth capital for expansion

Application Details
Application process: No standard format. Submit Business Plan to
hmathur@seafweb.org
Eligibility requirements: NA
Deadlines: NA
Documents needed: Business plan
Other details: NA

49

Investments
Investee 1: NA
Investee 2: NA
Investee 3:NA
Total number of investees: None

30. Seed Fund


Background
Name: Seed fund
Headquarter: Mumbai
Established:

NA

Website: www.seedfund.in
Contact details: Seed Advisors Pvt. Ltd.
001, Turf Estate, Shakti Mills Lane, Off. Dr. E. Moses Road, Mahalaxmi,
Mumbai - 400 011. India.
T. +91 22 24902201 04
F.+91 22 24902205
E.info@seedfund.in
Brief Summary: It aims to back true innovations in India. Has a fund size of
$ 15 million. It will invest in 15-20 company over next 5 years.

Investing Profile
Type of funding: Equity
Funding cap: 5 crores
Area/Sector Focus: Internet, media, telecom, retail, mobile
50

Geographic Focus: Mumbai and Bangalore


Funding Use Restrictions: As per business plan approved

Application Details
Application process: Potential Investors have to send their business plans
at-bplans@seedfund.in
Eligibility requirements: Indian Company
Deadlines: NA
Documents needed: Business Plan
Other details: NA

Investments
Investee 1: Vaatsalya
Investee 2: U Huroo
Total number of investees: 12

31. SICOM Limited


Background
Name: Long term loan
Headquarter:

Mumbai

Established: June 1996


Website: www.sicomindia.com
Contact details: SICOM LIMITED
Nirmal, Nariman Point, Mumbai - 400 021.
Tel. : (+91 22) 6657 2700 / (+91 22) 2202 3018
Fax : (+91 22) 2282 5781 / (+91 22) 2288 2895.
Brief Summary: SICOM has dedicated itself to providing entrepreneurs
with a range of fund-based and non fund-based products and services. For
51

more than 3 decades SICOM has been responsible for catalyzing the
development of infrastructure and industry in the State of Maharashtra.
After 1994 SICOM has been offering its services for projects located
anywhere in India.

Investing Profile
Type of funding: Loan
Funding cap: Rs 2- 150 cores
Area/Sector Focus: Agro based and food manufacturing, Pharmaceuticals,
Tourism, Education etc
Geographic Focus: India
Funding Use Restrictions: Growth Capital

Application Details
Application process: Submit the Preliminary proposal and application form
available for download from website or contact their branch offices.
Eligibility requirements: Term Loan is available for projects in the
industrial, Services & infrastructure sectors and diversification,
modernization and expansion of existing projects. Financials of 3 years are
required.
Deadlines: NA
Documents needed: Normally documents for creation of mortgage /
hypothecation on the fixed assets, are required apart from personal
guarantees and in some cases collateral security.
Other details: Rate of interest is floating for long term loan.

Investments
Investee 1: NA
Investee 2: NA
Investee 3: NA
Total number of investees: NA
52

32. SIDBI Venture Capital Ltd


Background
Name: SME Growth Fund
Headquarter: Mumbai
Established: NA
Website: www.sidbiventure.co.in
Contact details: SIDBI Venture Capital Limited
Ground Floor,
SME Development Centre,
C-11, G Block,
Bandra Kurla Complex,
Bandra (East)
Mumbai - 400 051
Phone : 91 - 22 - 2652 7124 /25 /27 /28
Fax : 91 - 22 - 2652 7126
E-mail: info@sidbiventure.co.in
Brief Summary: In order to meet the venture capital needs of SME units
and enable them to achieve rapid growth by taking advantage of
opportunities in the emerging sectors, SIDBI Venture Capital Ltd. has set up
SME GROWTH FUND. The fund has a targeted corpus of Rs.500 crore with a
life of 8 years.

Investing Profile
Type of funding: Equity
Funding cap: Case based
Area/Sector Focus: Wide range of growth sectors, such as life sciences,
retailing, light engineering, food processing, information technology,
infrastructure related services, healthcare, logistics and distribution, etc.
Geographic Focus: India
Funding Use Restrictions: NA
53

Application Details
Application process: One can send an email to info@sidbiventure.co.in
forwarding a copy of the executive summary of your business plan including
the profile of management team. The company can simultaneously forward a
hard copy of business plan along with supporting documents to enable us to
make a preliminary assessment of the proposal.
Eligibility requirements: SME GROWTH FUND is looking for investment
in projects offering potential for attractive growth and earnings. Key criteria
for project selection are
Strong and committed core team: The Fund will look for businesses
managed by a team with a demonstrated performance track record,
commitment and energy.
Growth potential: The Fund will like to invest in promising businesses
having potential for sustainable high growth.
Long-term competitive advantage: The Fund will prefer to invest in
innovative business operations with a sustainable competitive advantage.
Viable business plan: The venture should have a viable business plan
which offers above average profitability leading to attractive return on
investment.
A Clear exit plan: The Fund, being of limited life, will seek to invest in
ventures offering a strategy for clear exit within a reasonable time period.
The exit could be by way of IPO, offer for sale, merger and acquisition or sale
to a strategic or a financial investor.
Deadlines: NA
Documents needed: Executive summary of business plan
Other details: On an average it should be possible to complete the full
cycle of processing of the proposal including due diligence, sanction,
documentation etc. between 6 8 weeks

Investments
Investee 1: Centaur Pharmaceuticals Pvt Ltd
Investee 2: Naturol Bioenergy ltd
54

Investee 3: Associated Powercon Equipments ( India) Pvt Ltd


Total number of investees: 19

33. Song Advisors


Background
Name: Song
Headquarter: Hyderabad
Established: NA
Website: www.songadvisors.com
Contact details: SONG Investment Advisors India Pvt. Ltd.
ISB Campus, Gachibowli
Hyderabad 500032
India
Vishal Vasishth: vishal@songadvisors.com
Kartik Srivatsa: kartik@songadvisors.com
Brief Summary: SONG plans to target the SME (Small- and-Medium-Sized
Enterprises) space in India as an initial market, with potential expansion into
other developing countries

Investing Profile
Type of funding: Equity
Funding cap: 50 lakhs 20 crores
Area/Sector Focus: Agriculture and food, education and training,
healthcare, financial services
Geographic Focus: India
Funding Use Restrictions: Financial and Socio- economic Development

Application Details
Application process: Refrence through partners or bankers or contact
Vishal at vishal@songadvisors.com with a B Plan.
55

Eligibility requirements: Offers early stage and expansion capital. Ideally


the revenue of the target companies is between Rs. 2.5 crores to 25 crores,
serving a large, growing market. They are open to projects that are not
profitable but would become profitable with an infusion of SONG capital.
Deadlines: NA
Documents needed: B Plan
Other details: NA

Investments
Investee 1: NA
Investee 2: NA
Investee 3: NA
Total number of investees: Has made two investments; yet to announce

34. Subhkam Ventures


Background
Name: Subhkam Ventures
Headquarter: Mumbai
Established: 1999
Website: www.subhkam.com
Contact details: 1202, Maker Chambers - V, Nariman Point, Mumbai
400021
Tel No : 91 - 22 - 22875863 / 64 / 65 / 66. Fax No : 91 - 22 22876540
For submitting proposal- proposal@subhkam.com, For contact informationinfo@subhkam.com
Brief Summary: Subhkam focuses on investments in midsized companies,
providing growth capital, and in exceptional circumstances, provides initial
stage funding. Apart from providing financial capital, Subhkam proactively
56

supports the investee companies realize their potential through strong and
able partnerships.

Investing Profile
Type of funding: Equity
Funding cap: Rs 10- 20 crores
Area/Sector Focus: Invests across a number of sectors including agri and
allied sector as well.
Geographic Focus: India
Funding Use Restrictions: Growth capital

Application Details
Application process: Submit Business Plan
Eligibility requirements: The Company must cater to Indian markets and
must have a sustainable business.
Deadlines: NA
Documents needed: Business Plan and presentation
Other details: NA

Investments
Investee 1: Bharat Biotech International Ltd
Investee 2: Nagarjuna Agritech Ltd
Investee 3: Flowers Valley Pvt Ltd
Total number of investees: 27

35. Summit Partners


Background
Name: Summit Partners
57

Headquarter: UK
Established: 1984
Website: www.summitpartners.com
Contact details: No India Office yet
E mail- financing@summitpartners.com
Brief Summary: Summit looks for profitable, rapidly growing companies
across a variety of growth industry sectors. Summit is interested in
partnering with Indian entrepreneurs who have navigated their businesses to
a leadership position by identifying a market opportunity and implementing
an innovative business model or technology to create a sustainable business
advantage.

Investing Profile
Type of funding: Equity
Funding cap: Rs 50-500 crores
Area/Sector Focus: Growth sectors
Geographic Focus: Global
Funding Use Restrictions: Growth capital

Application Details
Application process: Submit a business plan online
Eligibility requirements: NA
Deadlines: NA
Documents needed: Business Plan
Other details: NA

Investments
Investee 1: Krishidhan Seeds Limited
Investee 2: NA

58

Investee 3: NA
Total number of investees: NA

36.

The Indus Entrepreneurs

Background
Name: Chennai Fund
Headquarter: Chennai
Established: 1992
Website: www.chennaifund.com
Contact details: Raghu Rajagopal,
Programme Co-ordinator, Chennai Fund
Old No. 75, New No. 24, 1st Floor, Spur Tank Road,
Chetpet, Chennai - 600 031, India.
E-mail id : raghu.rajagopal@energeate.com
Brief Summary: The Chennai Fund is a fund facilitated by the Charter
members of TiE Chennai to help and encourage Chennai based
entrepreneurs in early stage funding and mentoring.

Investing Profile
Type of funding: NA
Funding cap: Case based
Area/Sector Focus: Early stage entrepreneurs
Geographic Focus: Chennai
Funding Use Restrictions: NA

Application Details
Application process: Submit a business plan to bizplan@chennai.tie.org or
bizplan@energeate.com

59

Eligibility requirements: The CHENNAI FUND is accessible to all early


stage entrepreneurs who satisfy the following criteria:

The venture must be based in Chennai to facilitate easy mentoring


Annual revenues must be less than 2 crores

Entrepreneur should be a member of the Chennai Chapter of TiE

The main criteria is the innovativeness and scalability of the business.


Deadlines: NA
Documents needed: Business Plan
Other details: NA

Investments
Investee 1: MANGODVM
Investee 2: NA
Investee 3: NA
Total number of investees: NA

37. TVS Capital


Background
Name: TVS Shriram Growth Fund (TSGF)
Headquarter:

India

Established: July 2008


Website: www.tvscapital.in
Contact details: TVS Capital Funds Limited,
249 A, Ammbujamal Street, OffTTk Road, Alwarpet,
Chennai- 600018
Ph: 91-44-42954800
60

Fax: 91-44-42954888
Brief Summary: TVS Shriram Growth Fund (TSGF) is an India focused
growth private equity fund. The vision of the Fund is to develop and nurture
Indias mid-cap businesses (typical sales of Rs. 50 crores to Rs. 250 crores)
into world class companies. TSGF will make investments primarily in unlisted
companies that are at the intersection of high growth sectors driven by
Indias macro-trends and a developmental theme, such as organizing the
unorganized/inefficient sectors, entrepreneur and enterprise development
and providing high quality products to consumers. TSGF is sponsored by TVS
Investments Limited, a member company of TVS Group, and Shriram Capital
Limited, a member company of Shriram Group.

Investing Profile
Type of funding: Equity
Funding cap: Case based
Area/Sector Focus: FMCG & Collateral agriculture opportunities,
restaurants, specialty retails, microfinance etc
Geographic Focus: India
Funding Use Restrictions: Growth Fund

Application Details
Application process: Submit Business plan online
Eligibility requirements: It will invest in disruptive growth opportunities
that are at the intersection of "high growth sectors" driven by Indias macro
trends and a "developmental theme."
Deadlines: NA
Documents needed: Business Plan
Other details: NA

Investments
Investee 1: Landmark Limited
Investee 2: Duster Hospitality services
61

Investee 3: TVS Logistics Services Ltd


Total number of investees: NA

38.

UnLtd India

Background
Name: Seed Funding Program
Headquarter: Mumbai
Established: NA
Website: www.unltdindia.org
Contact details: UnLtd India, 4th Floor, Candelar Building, 26 St. John
Baptist Road, Near Mount Mary Steps, Bandra (W), Mumbai 400 050, India.
Tel: +91 22 3216 3287. Email: info@unltdindia.org
Brief Summary: UnLtd India is a launch pad for social entrepreneurs in
India. We work with start-up social entrepreneurs to help them grow as
leaders and create high-impact, sustainable organisations ready for scaling
and further investment.

Investing profile
Type of funding: Grants and debt (interest free loan)
Funding cap: As per the present status - For Level 1 investees upto Rs.
80000/- and For Level 2 investees upto Rs. 2,00,000/Area/Sector Focus: No specific focus
Geographic Focus: Mumbai
Funding Use Restrictions: Only for the program development and not for
personal development

Application Details
Application process: Twice in year in February / March and August
/September The dates are announced on Website and intimation emails are
sent to all contacts available.
62

Eligibility requirements: The applicant must be:


1. Over the age of 16
2. Resident in India and based in Mumbai
The applicants must have an idea or initiative that is:
1. Beneficial for a deprived community or the public at large
2. Entrepreneurial in nature, i.e. resourceful, practical and/or innovative
If the applicants apply on behalf of a registered organisation then:
1. He/she must be a co-founder of the organisation
2. The organisation must not be more than 4 years old as a registered entity
3. The organisation must have a current budget of less than Rs. 10 Lakhs
Important points to note: 1. Applicants could be working part time on their
idea/project.
2. Applicants need not have registered organisations.
3. Applicants can apply as individuals or teams (up to three members) can
apply.
Deadlines: One month from the date of circulation.
Documents needed: NA
Other details: As the first step in selection process, applicant needs to fill
up the Eligibility questionnaire. The form is designed to asses applicants
eligibility for our support. If the applicant is eligible, an UnLtd India team
member meets the applicant to find out more about him/her and his/her
idea/organisation. On the basis of this preliminary interview, the applicant is
selected for the panel interview constituted of external experts from various
fields of social sector, education, corporate etc. Incubation support is
provided only on the basis of panel's project scrutinization and
recommendations.

Investments
Investee 1: Grassroutes
Investee 2: Oscar
Investee 3: Masoom
Total number of investees: Supported 28 ventures till 31st March 2010.

63

39. UTI Ventures


Background
Name: UTI Ventures
Headquarter: Bangalore
Established: NA
Website: www.utiventures.com
Contact details: Concorde Block
16th Floor, UB City
#24 Vittal Mallya Road
Bangalore 560 001
Tel: +91 80 3055 1200
Fax: +91 80 3055 1234
email us at: info@utiventures.com
Brief Summary: UTI Ventures is a leading Indian private equity firm.
Focused on growth capital, they propel the ambitions of passionate Indian
entrepreneurs, while unlocking superior returns for their investors.

Investing Profile
Type of funding: Equity
Funding cap: NA
Area/Sector Focus: They prefer to invest in: Sectors that address domestic
demand driven by a fast growing consumer market Services sectors that
benefit from India's infrastructure boom Sectors that leverage India's
outsourcing strengths in services and manufacturing
Geographic Focus: India
Funding Use Restrictions: Growth Capital

Application Details
Application process: Contact them

64

Eligibility requirements: NA
Deadlines: NA
Documents needed:NA
Other details: NA

Investments
Investee 1: Vallabhdas Kanjhi ( Food processing)
Investee 2: Naturol Bioenergy
Total number of investees: 19

40. Ventureast
Background
Name: APIDC Venture Capital Fund, Biotechnology Fund, BYST Growth Fund
Headquarter: Hyderabad
Established: December 1960
Website: www.ventureast.net
Contact details: HYDERABAD
8-2-546, Plot No.140, Sheesh Mahal, Road No. 7,Banjara Hills,
Hyderabad-500 034,Andhra Pradesh, India.
Phone: +91-40-2335 1044 / 45 / 46, 6551 0491
Fax:+91-40-2335 1047
CHENNAI
5B, Ramachandra Avenue, Seethammal Colony, First Main Road,
Alwarpet,Chennai 600 018,India.
Phone: +91 44 2432 9864 / +91 44 2432 9863
Fax: +91 44 2432 9865
Email: info@ventureast.net
65

Brief Summary: They are a venture style fund manager with over $300
million under management. They have enabled over 50 businesses in ICT
technology, Healthcare & Life Sciences, Cleantech, besides other emerging
sectors.

Investing Profile
Type of funding: Equity
Funding cap: sub $ 5 million- $ 15 million
Area/Sector Focus: Technology (rural markets), healthcare (Pharma-Agri),
Emerging (clean tech)
Geographic Focus: India
Funding Use Restrictions: NA

Application Details
Application process: Submit B plan or upload it on website
Eligibility requirements: Differs with fundhttp://www.ventureast.net/Funds.htm
Deadlines: NA
Documents needed: B Plan
Other details: NA

Investments
Investee 1: Bioserve
Investee 2: Neurosynaptics
Investee 3: Naturol
Total number of investees: 41

41. Yes Bank


Background
66

Name: Food and Agribusiness India Fund


Headquarter: Mumbai
Established: NA
Website: www.yesbank.in
Contact details: Corporate Headquarters:
YES BANK Limited, Nehru Centre, 9th floor,
Discovery of India, Dr. A.B. Road, Worli,
Mumbai 400 018, India.
Tel: +91 (22) 6669 9000
Fax: +91 (22) 2490 0314
Email: contactus@yesbank.in
Amandeep S Kaur
YES BANK
Ph.: + 91 98995 22336
Email: amandeep.skaur@yesbank.in
Aditya Chatterjee
Adfactors PR
Ph : + 91 98186 12399
Email : aditya.chaterjee@adfactorspr.com
Brief Summary: Yes Bank launched Food and Agribusiness India Fund, a
$100 million private equity fund, for the Bank's current and potential
customers as a component of the Food and Agribusiness sector.

Investing Profile
Type of funding: Equity
Funding cap: Average investment per company- $ 3- 5 million
Area/Sector Focus: Food and Agribusiness sector
Geographic Focus: India
Funding Use Restrictions: NA

Application Details

67

Application process: Contact their offices for application and other details
Eligibility requirements: NA
Deadlines: NA
Documents needed: NA
Other details: NA

Investments
Investee 1: NA
Investee 2: NA
Investee 3: NA
Total number of investees: NA

42. Angel Networks


a)

Mumbai Angel Network

Background
Name: Mumbai Angel Network
Headquaters: Mumbai
Established: November 2006
Website: www.mumbaiangels.com
Contact: Amit Grover
+ 91 9833410822
Mansi Shah
+ 91 9920403656
Email: contact@mumbaiangels.com,
mymumbaiangels@gmail.com,nidhisara@gmail.com,payal@mumbaiangels.c
om
68

Brief Summary: The Mumbai Angels is a unique forum where its members
may interact and exchange ideas and knowledge. The Mumbai Angels
provides a unique platform to start up and very early stage companies by
bringing them face to face with successful entrepreneurs, professionals and
executives who are interested in and have the funds available to invest in
start up companies.
Many members of Mumbai Angels have prior Silicon Valley experience. In
addition to the capital of its members, the Mumbai Angels provides access to
high quality mentoring, vast networks in India and abroad and inputs on
strategy as well as execution.

Investing Profile
Type of Funding: NA
Funding Cap: Rs 50 lakhs- Rs 2 crores but may exceed as well
Area/ Sector Focus: Biotechnology and Pharmaceutical, Media and
Entertainment, Consumer, Business process Outsourcing in addition to any
other area that interests the members.
Geographic focus: India
Funding use Restriction: NA

Application Details
Application Process: Submit a business plan for consideration. Following
successful completion of the pre-screening process one is invited to present
his/her plan to the entire member community of the Mumbai Angels.
Eligibiltiy requirements: The Angels are primarily focused on seed stage
and early stage companies with strong teams, defensible technologies or
services and well defined product to market plans.
Documents needed: Business case Analysis, Power point presentation and
Team Profile along with Business Plan
Deadlines: NA
Other details: NA

Investments

69

Investee 1: Apalya
Investee 2: Asiatic Clinical research Pvt Ltd
Investee 3: Cnergyis
Total number of Investees: NA

b)

Indian Angel Network

Background
Name: Indian Angel Network
Headquaters: Delhi
Established: NA
Website: www.indianangelnetwork.com
Contact: 301-302, 3rd floor, Delhi Blue Apartments, Main Ring Road,
Near Safdarjung Hospital, New Delhi - 110 029 Phone : + 91-11-40755713,
Fax : + 91-11-41628863
Email: info@indianangelnetwork.com, vidhya@indianangelnetwork.com,
padmaja@indianangelnetwork.com
Brief Summary: Indian Angel Network brings together highly successful
entrepreneurs from India and around the world who are interested in
investing in startup / early stage ventures which have the potential of
creating disproportionate value.

Investing Profile
Type of Funding: NA
Funding Cap: USD 400-600k up to USD 1 mn
Area/ Sector Focus: Agriculture/ Food processing, Banking and Financial
Services, Education, Health etc or any other area that may excite the
network members
Geographic focus: India

70

Funding use Restriction: NA

Application Details
Application Process: There are two routes for presenting to the Network.

Approaching the Network Members: The primary deal flow for the
Network comes through its members. Network members individually
assess funding proposals that they may come across. Once a Network
member recommends an opportunity to the Indian Angel Network (with
no commitment to invest) the opportunity will then be presented at a
detailed monthly presentation.

Elevator Pitch: The Secretariat receives several deals from across the
country. These plans are either referred for Elevator Pitch meeting by
Network Members or may come directly to the Secretariat through the
online submission process.

Submit business proposal online or mail to info@indianangelnetwork.com

Eligibiltiy requirements: The Network is likely to invest in startups that


meet the following criteria

High barriers to entry.


A complementary management team
Scalable business
Differentiated value proposition (a unique product/service/process,
either in concept or implementation)

Documents needed: Business Plan


Deadlines: NA
Other details: NA

Investments
Investee 1: Druvaa
Investee 2: Karmic Lifeciences
Investee 3: Hungryzones
71

Total number of Investees: NA

72

Section II

INCUBATORS

73

List of Incubators
Centre For Innovation, Incubation and
Entrepreneurship

43.

Background
Name: CIIE
Headquarter: Ahemdabad
Established: 2001
Website: www.ciieindia.org
Contact details:
Indian Institute of Management (IIM),
Vastrapur,
Ahmedabad - 380015
Gujarat, INDIA
E-mail: ciie@iimahd.ernet.in
Phone: 079 6632 4203
Fax: 079 6632 4207
Brief Summary: CIIE was setup at the Indian Institute of Management
Ahmedabad (IIMA) with the support of the Government of Gujarat and the
Department of Science and Technology (Government of India) to promote
innovation and entrepreneurship in India. Experience and expertise at IIMA in
the areas of management, innovation, technology networks along with
entrepreneurship provide the necessary impetus and intellectual basis for
this initiative.

Investing Profile
Type of funding: Loan
Funding cap: Rs 1-50 lakhs
Area/Sector Focus: Cleantech, IT, Healthcare and others
Geographic Focus: India
74

Funding Use Restrictions: NA

Application Details
Application process: Submit a business Plan to- bizplanciie@iimahd.ernet.in
Eligibility requirements: Start ups or aspiring entrepreneurs
Deadlines: NA
Documents needed: Business Plan
Other details: NA

Investments
Investee 1: Aura herbal
Investee 2: VMukti
Investee 3: ANTS
Total number of investees: 22

44. Technopreneur Promotion Programme


Background
Name: TEPP
Headquarter: New Delhi
Established: NA
Website: http://www.dsir.gov.in/
Contact details:
The Head, TePP
Department of Scientific & Industrial Research
Technology Bhawan, New Mehrauli Road, New Delhi-110016
Fax. 011-2696 0629

75

Brief Summary: Additional Information can be found under the Technology


Development Board section of the Government Schemes section.

Investing Profile
Type of funding: Grant
Funding cap: Rs 15,00,000/- subject to 90% of approved project cost
Area/Sector Focus: Science and Technology
Geographic Focus: India
Funding Use Restrictions: For grant above Rs 5 lakhs, project will be
divided into phases with clear deliverables at the end of each phase. The
project will be continued into the next phase only if the performance in the
preceding phase was satisfactory.

Application Details
Application process: Submit a business Plan online
(http://oscar.iitb.ac.in/TEPP) or submitted off line to the nearest TUC (TePP
Outreach centre). The innovators can meet coordinators of TUCs and take
their advise before submitting the application. Addresses of TUCs is given
on www.dsir.gov.in.
Eligibility requirements:

Unattached independent innovators like micro and small entrepreneurs


working on new designs.
Start-up firms / incubated firms with turnover less than Rs. 45.00 lakhs.

Independent innovators scouted, documented, mentored by various


agencies like NIF,RIN,RIF, ISB, SPJIMR,CIIE, CII, FICCI, Stanford Bio
Design.

Finalists of competitions like Techfest, GE Edison Challenge, Tata NEN,


Proto.in, Indian Angel Network, TiE, Eureka, India Innovation Pioneers
Challenge, Lockheed Martin India Innovation growth program,
Innovation for India awards, Piramal Prize , Economic Times, National
Geographic.

Medical doctors coming out with low cost tools.

Deadlines: NA
76

Documents needed: Proposal


Other details: NA

45.

Technology Business Incubators

Background
Name: TBI
Headquarter: New Delhi
Established: NA
Website: http://www.nstedb.com/institutional/tbi.htm
Contact details:
The Member Secretary,
National S&T Entrepreneurship Development Board (NSTEDB)
Department of Science & Technology,
Technology Bhawan
New Mehrauli Road
New Delhi 110016
Ph: (011) 26517186/ 26854416/ 26537982/ 26964781
Fax : (011) 26517186/ 26854416
E-mail : hkmittal@vsnl.com
Brief Summary: The need for instruments such as TBI has been recognised
the world over for initiating technology led and knowledge driven
enterprises. Studies also show that such mechanisms help not only in the
growth of technology based new enterprises but also in improving their
survival rate substantially (from 30 per cent to over 70 per cent). TBIs also
facilitate speedy commercialisation of research outputs. The TBIs usually
provide following types of services:

Market survey/ marketing assistance,


Business planning and training,

Organising management/ technical assistance,

Assistance in obtaining statutory approvals,


77

Information dissemination on product ideas/technologies,

Syndicating finances,

Arranging legal and IPR services,

Using facilities of the Host Institute (HI) at nominal charges,

Work space for a limited period

Common facilities of TBI such as communication, conference,


computers.

Thus, the TBIs besides providing a host of services to new enterprises (and
also to existing SMEs in the region) also facilitate an atmosphere congenial
for their survival and growth. The essential feature of a TBI is that the tenant
companies leave the incubator space within 2-3 years.

Investing Profile
Type of funding: Loan
Funding cap: NA
Area/Sector Focus: NA
Geographic Focus: India
Funding Use Restrictions: NA

Application Details
Application process: NA
Eligibility requirements: NA
Deadlines: NA
Documents needed: NA
Other details:
TBIs Sanctioned by DST as on 31.12.2009

Andhra Pradesh

78

Ms. Deepanwita Chattopadhyay


Chief Executive Officer
ICICI Knowledge Park-Life Sciences Incubator
Level IV , ICICI Bank Tower
St. No. 1, Begumpet
Hyderabad - 560 016
Tel: 9140 2348 0003/ 0022
Fax: 040 2348 0007
Email: deepanwita@icicikp.com
Website: http://www.iciciknowledgepark.com/icicikp/iciciinnerfiles/Incubators.htm
Technological Thrust Area: Life Sciences
Year of Establishment: 2005

Mr. Dipak Mahajan


Manager
ICICI Knowledge Park-Life Sciences Incubator
Turkapally - Village
Shameerpet - Mandal, Ranga Reddy - Dist.
Hyderabad - 500078
Tel: 9140 2348 0003/ 0022
Fax: 040 2348 0007
Email: dipak@icicikp.com
Website: http://www.iciciknowledgepark.com /icicikp/iciciinnerfiles/Incubators.htm
Technological Thrust Area: Life Sciences
Year of Establishment: 2005

Dr. K. K. Sharma
Principal Scientist & Head
Agri Business Incubator
International Crops Research Institute for the Semi Arid Tropics
ICRISAT, 303 Bldg
Patancheru - 5023224
Tel: 040 30713071
Fax: 040 30713074, 30713075
Email: k.sharma@cgiar.org
Website: http://www.agri-sciencepark.icrisat.org
Technological Thrust Area: Agri Business
Year of Establishment: 2003

79

Mr. SM Karuppanchetty
Deputy COO
Agri Business Incubator
International Crops Research Institute for the Semi Arid Tropics
ICRISAT, 303 Bldg
Patancheru - 5023224
Tel: 040 30713071
Fax: 040 30713074, 30713075
Email: karuppanchetty@cgiar.org
Website: http://www.agri-sciencepark.icrisat.org
Technological Thrust Area: Agri Business
Year of Establishment: 2003

Prof. V. Venkata Ramana


Dean, School of Management Studies & Coordinator TBI-UOH
University of Hyderabad
P.O. Central University
Hyderabad - 500 046.
Tel: 40-23135000/23011091
Fax: 040-2301-1091
Email: vedulla@hotmail.com
Technological Thrust Area: Pharma Biotechnology, Renewable Energy and IT
Year of Establishment: 2008

Dr. J. S. Yadav
Director,
Indian Institute of Chemical Technology
Uppal Road
Hyderabad - 500 007.
Tel: 40-27193030
Fax: 040-2716 0387, 27160757
Email: yadav@iict.res.in
Technological Thrust Area: Pharma related Chemical Technology
Year of Establishment: 2008

Dr. Yogeshwar Rao


Scientist G
80

Indian Institute of Chemical Technology


Uppal Road
Hyderabad - 500 007.
Tel: 040 27193195
Fax: 040-27160757
Email: dyogeswara@gmail.com
Technological Thrust Area: Pharma related chemical technology
Year of Establishment: 2008
Delhi

Prof. Rajendra K. Saxena


Coordinator
Technology based Incubator Society (TBI)
University of Delhi
South Campus, Benito Juarez Road
New Delhi - 110021
Tel: 011-24116559
Fax: 041-24115270
Email: rksmicro@yahoo.co.in , rksmicro@hotmail.com
Website: www.udsctbi.org
Technological Thrust Area: Microbiology, Bio-molecules and Industrial Enzymes
Year of Establishment: 2007

Dr. R.K. Khandal


Director
Shriram Institute for Industrial Research
19, University Road ,
P.B. No. 2122
New Delhi - 110007
Email: sridlhi@vsnl.com
Technological Thrust Area: Rubber, plastic, specility materials
Year of Establishment: 2008
Gujarat

Mr. Mahesh Krovviddi


Chief Operating Officer
81

National Design Business Incubator


National Institute of Design (NID),
Paldi
Ahmedabad - 380007
Tel: 079-26603289
Fax: 91 079 26603289
Email: ndbi@nid.edu , coo_ndbi@nid.edu
Website: http://www.ndbiindia.org/
Technological Thrust Area: Consumer goods, design consultancy,
Year of Establishment: 2005

Dr. K.K.Patel
Co-ordinator
Nirma Labs
Nirma University Campus,
S.G. Highway ,
Ahmedabad - 382 481
Tel: 2717-241900-04. Ext. No. 664, 614 and 642, -2717-241228
Fax: 2717-241916
Email: info@nirmalabs.org
Website: : http://www.nirmalabs.org/
Technological Thrust Area: Information Technology, Telecommunications, Bioinformatics
Year of Establishment: 2004

Mr. Kunal Upadhyay


CEO
Centre for Innovation Incubation and Entrepreneurship (CIIE)
Indian Institute of Management , Vastrapur
Ahmedabad - 380015
Tel: 079 666324203
Fax: 79 66324203, 66324207
Email: kunal@iimahd.ernet.in
Website: www.ciieindia.org
Technological Thrust Area: Market oriented products/technologies
Year of Establishment: 2004

Mr. Pranay Gupta


82

Joint CEO
Centre for Innovation Incubation and Entrepreneurship (CIIE)
Indian Institute of Management , Vastrapur
Ahmedabad - 380015
Tel: 079 666324203
Fax: 79 66324203, 66324207
Email: pranay@iimahd.ernet.in
Website: www.ciieindia.org
Technological Thrust Area: Market oriented products/technologies
Year of Establishment: 2008

Dr. Gautam Raj Jain


Senior Professor and Faculty In-charge
Technology Business Incubator
Entrepreneurship Development Centre
Mudra Institute of Communications Ahmedabad, Shela
Ahmedabad - 380 058
Tel: 02717-237946-51
Fax: 02717-308349
Email: gautam@mica.ac.in
Website: www.mica-edc.org
Technological Thrust Area: Communication Tech
Year of Establishment: 2008

Sh. Roshan Kumar


Manager Comcubator
Mudra Institute of Communications Ahmedabad, Shela
Ahmedabad - 380 058
Tel: +91 79 6522 2758
Email: roshan@mica.ac.in
Website: www.mica-edc.org
Technological Thrust Area: Communication Tech
Year of Establishment: 2008
Haryana

Sudhakar Sharma
Managing Director
83

Society for Innovation and entrepreneurship in Dairying


National Dairy Research Institute
Karnal - 132 001
Tel: 0184-2259242/2259246
Fax: 0184-2254751
Email: sudhakartbi@ndri.res.in
Website: www.ndritbi.com
Technological Thrust Area: Dairy technology
Year of Establishment: 2008

Dr. G. R. Patil
Joint Director (Academic)
Society for Innovation and entrepreneurship in Dairying
National Dairy Research Institute
Karnal - 132 001
Tel: 0184-2254751/2259003/2259007
Fax: 0184-2250042
Email: grpndri@yahoo.co.in
Website: www.ndritbi.com
Technological Thrust Area: Dairy technology
Year of Establishment: 2008
Karnataka

Dr. R. Gopalan
Executive Director
Composites Technology Park
205, Bande Mutt, Kengeri Satellite Township,
Bangalore - 560060
Tel: 080 6599 7605, 65581005, 28482768
Fax: 080 28482771
Email: drgopalan2003@yahoo.com
Website: www.compositestechnologypark.com
Technological Thrust Area: Composites based on Coir, bamboo, jute
Year of Establishment: 2008

Prof. Shivaram Malavalli


Chairman & Managing Director
84

E health-TBI
Pesit Tech Park , 2nd Floor, 100 Feet Ring Road
BSK 3rd Stage,
Bangalore - 85
Tel: 080-26420001
Fax: 080 - 26420304
Email: shivaram.malavalli@gmail.com , ehealthtbi@mail2business.com
Website: http://www.ehealthtbi.com
Technological Thrust Area: ICT enabled health management and scrnces
Year of Establishment: 2008

Sh. Abhijit Krishnan


Process Owner Project Appraisal & Management
E health-TBI
Pesit Tech Park , 2nd Floor, 100 Feet Ring Road
BSK 3rd Stage,
Bangalore - 85
Tel: 080-26420001
Fax: 080 - 26420304
Email: ehealthtbi@mail2business.com
Website: http://www.ehealthtbi.com
Technological Thrust Area: ICT enabled health management and scrnces
Year of Establishment: 2008

Dr. Manohara Pai M


Associate Director
Manipal Institute of Technology
Innovation Centre
Manipal - 576 104
Tel: 0820 2925375, 2925051
Fax: 0820 2571071
Email: mmm.pai@manipal.edu
Website: www.manipal.edu
Technological Thrust Area: Information Technology & Health Care
Year of Establishment: 2009
Kerala

85

Ms. Preethi M.
Manager, TBI
National Institute of Technology ,
Calicut - 673601
Tel: 0495 2286604, 2286162, 2289061
Fax: 0495 2287250
Email: tbi@nitc.ac.in , preethi@nitc.ac.in
Website: http://nitc.ac.in/nitc/misc/tbi/public_html/index.htm
Technological Thrust Area: Information Technology and electronics
Year of Establishment: 2003

Mr. Marvin Alexander


CEO
Technopark TBI
Technopark Campus
Trivandrum - 695 581
Tel: 471-2700222
Fax: 471-2700171
Email: marvin@technopark.org
Website: www.technopark.org
Technological Thrust Area: IT and Bioinformatics
Year of Establishment: 2007

Mr. K C Chandrasekharan Nair


Secretary and Registrar
Technopark TBI
Technopark Campus
Trivandrum - 695 581
Tel: 471-2700222
Fax: 471-2700171
Email: kccnair@technopark.org
Website: www.technopark.org
Technological Thrust Area: IT and Bioinformatics
Year of Establishment: 2007

Dr. Krishna Shree


CEO,
86

Amrita TBI
Tel: 0476-2896318 Ex 4503
Fax: 0422 - 2652174
Email: Krishna@amrita.edu
Website: www.amritatbi.com
Technological Thrust Area: e-learning, IT and innovative tech.
Year of Establishment: 2008

Mr. Kalaignar T
Operational Manager- Amrita TBI
Amrita Vishwa Vidhyapeetham
Amritapuri Campus, Clappana
P.O.Kollam, Kerala - 690 525
Tel: 0476-2896318 Ex 4503
Fax: 0422 - 2652174
Email: kailash@amritapuri.amrita.edu
Website: www.amritatbi.com
Technological Thrust Area: e-learning, IT and innovative tech.
Year of Establishment: 2008
Maharashtra

Mr. Sushanto Mitra


Chief Executive Officer, SINE,
Society for Innovation and Entrepreneurship
Indian Institute of Technology-Bombay
Powai,
Mumbai - 400 076
Tel: 022- 2576 7072/ 7016
Fax: 022- 2572 1220
Email: sushanto.mitra@sineiitb.org
Website: www.sineiitb.org
Technological Thrust Area: Innovative technologies across all sectors
Year of Establishment: 2004

Ms. Poyni Bhatt


Chief Administrative Officer SINE

87

Society for Innovation and Entrepreneurship


Indian Institute of Technology-Bombay
Powai,
Mumbai - 400 076
Tel: 022- 2576 7072/ 7016
Fax: 022- 2572 1220
Email: poyni.bhatt@iitb.ac.in
Website: www.sineiitb.org
Technological Thrust Area: Innovative technologies across all sectors
Year of Establishment: 2004

Dr. Pradeep Bavadekar


Managing Director
MITCON Biotechnology Business Incubation Centre
Udyog Prabodhini Building ,
Ground Floor, Agriculture College Campus,
Next to District Industries Centre Office,
Shivaginagar Pune - 411 005.
Tel: : 020-66289452/53
Fax: 020-25521607/25533206
Website: http://mitconindia.com/biotech_aboutUs.htm
Technological Thrust Area: Agri Biotechnology
Year of Establishment: 2002

Sh. Chandrashekhar Kulkarni


Chief Consultant
MITCON Biotechnology Business Incubation Centre
Udyog Prabodhini Building ,
Ground Floor, Agriculture College Campus,
Next to District Industries Centre Office,
Shivaginagar Pune - 411 005.
Tel: : 020-66289452/53
Fax: 020-25521607/25533206
Email: shekhukulkarni@yahoo.com
Website: http://mitconindia.com/biotech_aboutUs.htm
Technological Thrust Area: Agri Biotechnology
Year of Establishment: 2002

Dr.V.Premnath
88

Founding Director & Secretary


Venture Center , National Chemical Laboratory
100 NCL Innovation Park
National Chemical Laboratory Campus
Pune - 411008
Tel: 20-2590-2185
Fax: 20-2590-2618
Email: v.premnath@ncl.res.in
Website: www.venturecentre.co.in
Technological Thrust Area: Material centric products
Year of Establishment: 2008

Mr. Kaushik Gala


Business Development Manager
Venture Center , National Chemical Laboratory
100 NCL Innovation Park
National Chemical Laboratory Campus
Pune - 411 008
Tel: 020-2590-2986
Email: bdm@venturecenter.co.in
Website: www.venturecentre.co.in
Technological Thrust Area: Material centric products
Year of Establishment: 2008

Prof. P. V. Kadole
D.K.T.E. Society's , Textile & Engineering Institute,
P.O. Box 130 Rajwada.
Dis. Kolhapur
Ichalkarnaji - 416 115
Tel: 0230-2421300,2432340, 2437316 }
Fax: Fax: 0230-2432329
Email: skrw@sancharnet.in , edcdkte@yahoo.com
Technological Thrust Area: Textile Technology
Year of Establishment: 2009
Orissa

Dr. Mrutyunjay Suar


89

Professor-in-charge
KIIT Centre for Innovation and Entrepreneurship KIITCIE
KIIT University , Campus-XI, Patia
Bhubaneswar - 7510204
Tel: 0674 2725732
Email: msuar@kiitbiotech.ac.in , msbiotek@yahoo.com
Website: http://www.kiitincubator.in/
Technological Thrust Area: Biotech., ICT
Year of Establishment: 2009

Mr. Anand Patro


Program Manager
KIIT -TBI
KIIT University , Campus-XI, Patia
Bhubaneswar - 7510204
Email: anand.patro@gmail.com
Website: http://www.kiitincubator.in/
Technological Thrust Area: Biotech., ICT
Year of Establishment: 2009
Rajasthan

Prof. Arya Kumar


Co-ordinator , TBI
Birla Institute of Technology and Science (BITS)
Pilani - 333031
Tel: 01596 245073
Fax: 01596 244183
Email: aryakumar@bits-pilani.ac.in
Website: www.discovery.bits-pilani.ac.in/tbi/
Technological Thrust Area: ICT
Year of Establishment: 2004

Dr. Anu Gupta


Manager, TBI
Birla Institute of Technology and Science (BITS)
Pilani - 333031
90

Tel: 01596 245073


Email: anug@bits-pilani.ac.in
Website: www.discovery.bits-pilani.ac.in/tbi/
Technological Thrust Area: ICT
Year of Establishment: 2004
Tamil Nadu
Prof. S. Balamurugan
Executive Director Technology Business Incubator
Kongu Engineering College
Perundurai - 638 052
Tel: 4294 226650, 226633
Fax: 4294 226649
Email: balamurugan@kongu.ac.in , tbi-kec@kongu.ac.in
Website: www.tbi-kec.org
Technological Thrust Area: Digital Signal Processing, embedded systems, Electronic
PCB
Year of Establishment: 2002

Mr. S. Ravikumar
Sr. Manager, KEC - TBI
Kongu Engineering College
Perundurai - 638 052
Tel: 4294 226650, 226633
Fax: 4294 226649
Email: balamurugan@kongu.ac.in , tbi-kec@kongu.ac.in
Website: www.tbi-kec.org
Technological Thrust Area: Digital Signal Processing, embedded systems, Electronic
PCB
Year of Establishment: 2002

Sh. Balachandran
General Manager -TBI
Vellore Institute of Technology -TBI(VITTBI)
Vellore - 632014
Tel: 0416 2243097
Fax: 0416 2243097
Email: vittbi@vit.ac.in , balac68@yahoo.com
91

Website: http://www.vittbi.com/
Technological Thrust Area: Automotive Engg., Biotechnology and Leather products.
Year of Establishment: 2003

Ms. Sudha Rajgopal


Project Co-ordinator
VITTBI
Vellore - 632014
Tel: 0416 2243097
Fax: 0416 2243097
Email: tbicoordinator@vit.ac.in
Website: http://www.vittbi.com/
Technological Thrust Area: Automotive Engg., Biotechnology and Leather products.
Year of Establishment: 2003

Dr. S. Meenakshisundaram
Business Manager
Technology Business Incubator
Centre for Biotechnology, Anna University ,
Chennai - 600025
Tel: 044 22350772, 98403 48173
Fax: 044 22350299
Email: meenakshi@annauniv.edu
Website: www.annauniv.ed
Technological Thrust Area: Biotechnology
Year of Establishment: 2002

Dr. Gangi Reddy


Managing Director - TBI
University of Madras
Dr. A L M PGIBMS, Taramani campus, Chepauk
Chennai - 600113
Tel: 044-24540038/39
Email: tbi_unom@yahoo.com , tbi@unom.ac.in
Website: www.unom.ac.in/taramanitbi.html
Technological Thrust Area: Health related Herbal and Biotech industries
Year of Establishment: 2005

92

Prof. Ashok Jhunjhunwala


Chairman RTBI
IITMs, Rural Technology and Business Incubator
331A, Electrical Engineering Department
IIT Madras , Guindy
Tel: 44 2257 0428/2257 5441
Email: ashok@tenet.res.in , office@telnet.res.in
Website: www.rtbi.in
Technological Thrust Area: technologies for rural areas
Year of Establishment: 2006

Ms. Lakshmi Vaidyanathan


Senior Manager Technology - RTBI
Dept. of Electrical Engg.
Centre for Industrial Consultancy and Sponsored Research
Indian Institute of Technology Madras
Chennai - 600036
Tel: 44 2257 0428/2257 5441
Email: lvaidya@tenet.res.in,office@telnet.res.in
Website: www.rtbi.in
Technological Thrust Area:
Year of Establishment: 2006

Dr. K.Subramanian
Professor, CEO In-charge of BIT-TBI
Bannari Amman Institute of Technology
Sathyamangalam - 638 401
Tel: 04295-221289
Fax: 04295-23775
Email: bitsathy@bannari.com
Website: www.bitsathy.ac.in/
Technological Thrust Area: App of biotechnology in agro, industrial and rural sectors.
Year of Establishment: 2007

Mr. P. Shankar Swaminathan


Manager

93

BIT-TBI
Sathyamangalam - 638 401
Tel: 04295-221289
Fax: 04295-23775
Email: shankarpillai.inc@gmail.com
Website: www.bitsathy.ac.in/
Technological Thrust Area: App of biotechnology in agro, industrial and rural sectors.
Year of Establishment: 2007

Ms. A.P. Aruna


Chief Executive Officer
Periyar Technology Business Incubator
Periyar Maniammai University
Periyar Nagar
Vallam - 613 403, Thanjavur
Tel: 04362-264520
Fax: 4362-264520
Email: info@periyartbi.org ; ap_aruna@yahoo.co.in
Website: www.periyartbi.org
Technological Thrust Area: Herbal health products, medicinal plants s
Year of Establishment: 2006

Dr. K.P.Raja
Chief Executive Officer
St. Peter's Engineering College TBI
Avadi,
Chennai - 600 054
Tel: 044-26558080-84
Fax: 044-26555430
Email: spectbi@spec.ac.in
Website: www.spec.ac.in/tbi
Technological Thrust Area: Refrigeration and cold chain
Year of Establishment: 2009

Prof. A.Alex George


Project Manager
St. Peter's Engineering College TBI
Avadi,
94

Chennai - 600 054


Email: spectbi@spec.ac.in
Website: www.spec.ac.in/tbi
Technological Thrust Area:
Year of Establishment: 2009
Uttar Pradesh

Dr. R. Raghunanadan
Chief Executive JSSATE-STEP/ ITBI
J.S.S. Academy of Technical Education,
C-20/1, Sector-62,
Noida - 201301
Tel: 0120-2401514/16
Fax: 0120 2401516/2401451
Email: ce@jssstepnoida.org
Website: http://www.jssstepnoida.org/incubator.as
Technological Thrust Area: Innovative products and services enabled
Year of Establishment: 2000

Mr. Aseem Chauhan


Chief Executive Officer
Amity Technology Incubator
AKS House, E - 27, Chauhan Road
Defence Colony,
New Delhi - 110 024
Tel: 41888312, 41888314
Fax: 24339100, 24339500
Email: achauhan@crossbordergroup.com
Website: http://www.amity.edu/aii
Technological Thrust Area: Information and Communication Technologies related
innovative products and services
Year of Establishment: 2007

Mr. Apoorv R. Sharma


General Manager
Amity Business Incubator
E-3 Block ,Ist Floor, Sector 125,
95

Amity University Campus


Noida
Tel: 0120-43292242/ 243
Email: arsharma@abs.amity.edu
Website: http://www.amity.edu/aii
Technological Thrust Area: ICT
Year of Establishment: 2007

Dr. Ajay Sharma


Chairman-TBI
Krishna Institute of Engineering & Technology
13 KM Stone, Ghaziabad - Meerut Road
Ghaziabad - 201206
Tel: 01232-262059
Email: tbi@kiet.edu
Website: www.tbikiet.com
Technological Thrust Area: Information Technology, Electronics and Mechanical
Engineering
Year of Establishment: 2006

Mr. Satyendra Kumar


General Manager
Technology Business Incubator
Krishna Institute of Engineering & Technology
13 KM Stone, Ghaziabad - Meerut Road
Ghaziabad - 201206
Tel: 01232-262059
Email: kumartbi@gmail.com
Website: Website: www.tbikiet.com
Technological Thrust Area:
Year of Establishment: 2006

Dr. B.V. Phani


Coordinator
SIDBI Innovation and Incubation Centre
Indian Institute of Technology
Kanpur - 208 016
96

Tel: 0512-2596646-7979
Fax: 0512-2597057
Email: bvphani@iitk.ac.in
Website: www.iitk.ac.in/siic
Technological Thrust Area: IT and other innovative technologies .
Year of Establishment: 2008

Ms. Sudha Selvaraj


Manager TBI
SIIC
Indian Institute of Technology
Kanpur - 208 016
Tel: 0512-2596646-7979
Fax: 0512-2597057
Email: sudha@iitk.ac.in
Website: www.iitk.ac.in/siic
Technological Thrust Area: T and other innovative technologies .
Year of Establishment: 2008

Dr. P. K. Mishra
Chief Co-ordinator
Malviya Centre for Innovation Incubation & Entrepreneurship
Institute of Technology ,
Banaras Hindu University
Varanasi - 221 005
Tel: 0542-2307045, 2307065
Fax: 0542 2368092, 2368428
Email: drpkm18@gmail.com
Technological Thrust Area: ICT, Biotechnology, Food Sector, Agriculture & Allied
Sector.
Year of Establishment: 2008

Dr. A.K.Chakrabarty
Advisor
Ekta Incubation Centre
West Bengal University of Technology
AQ 13/1, Salte Lake City , Sector V
Kolkata - 700 091
97

Tel: 033-23673843/ 3949


Fax: 033-2367-3978
Email: akchakrabarty@gmail.com , advisor@wbutekta.org
Website: www.technologyembryo.com
Technological Thrust Area: Biotech, IT
Year of Establishment: 2007

Prof S Sengupta
VC, West Bengal University of Technology
WBUT
BF-142, Sector I, Bidhannagar
Kolkata - 700 064
Tel: 033-23217578
Fax: 033-2334-1030
Email: vcwbut@sify.com , vc@wbut.ac.in
Technological Thrust Area: Biotech, IT
Year of Establishment: 2007

Dr. Dhrubes Biswas


TIETs
Indian Institute of Technology
Kharagpur - 721 302
Tel: 03222-281091, 278618
Fax: 03222-278618
Email: mdstep@hijli.iitkgp.ernet.in , dbiswas@sric.iitkgp.ernet.in
Website: www.stepiitkgp.in
Technological Thrust Area: ICT and electronics
Year of Establishment: 2008

46.

Villgro Innovations Foundation

Background

98

Name: Villgro Innovations Foundation (Villgro)


Headquarter: Chennai
Established: 2001
Website: www.villgro.org
Contact details:
Villgro Innovations Foundation
3rd Floor, IIT Madras Research Park building,
Kanagam Road, Taramani, (Behind Tidel Park, on Old Mahabalipuram Road),
Chennai - 600113.
Phone: 91-44- 66630400
E-mail: info@villgro.org
Web: www.villgro.org
Brief Summary: A great idea can come from anywhere. Often it has the
potential to change lives. Unfortunately in India, many innovators neither
have the time, money or knowhow to change their ideas into a market ready
form.
Thats where Villgro becomes the vital link. From the time an idea is born, to
the time it reaches the market, Villgro offers you support and solutions, every
step of the way. Our rigorous four step process ensures that your idea is
marketable and reaches out to the maximum number of people. Our funding
and mentoring programme ensure that you receive timely and feasible help
throughout the incubation/transfer process.
We support innovations and inventors in 3 ways.
Funding: We give up to Rs. 25,00,000/- as an interest-free loan, repayable
upon the successful completion of your project. We also provide a
sustenance allowance to support you, while you concentrate on your
innovation.
Mentoring: Our project team is experienced in both strategic and
operational areas, and will help you tackle business/technological challenges.
We also leverage an extensive network of external consultants for your
ideas progress.
Recognition: Our web of media contacts, enables incubatees to get the
right kind of marketing when you need it the most. We recognise that this is
a crucial part of a go-to-market strategy and the annual Villgro awards is one
step in this direction.
How we make your idea see light The Villgro process
99

Step
Step
Step
Step

1
2
3
4

Identifying innovations
Incubating innovations
Transferring innovations
Marketing innovation

Investing Profile
Type of funding: Interest-free loan
Funding cap: Rs. 25,00,000/ and sustenance allowance
Area/Sector Focus: Agriculture, Dairy/Livestock, Energy, Water
Geographic Focus: India
Funding Use Restrictions: NA

Application Details
Application process: http://www.tunespray.com/Villgro/home.jsp
Eligibility requirements: NA
Deadlines: NA
Documents needed: NA
Other details: NA

Investments
Investee 1: Servals Automation Pvt. Ltd
Investee 2: Glotech Organics Pvt. Ltd
Investee 3: Neurosynaptics Private Limited
Total number of investees: Over 40

100

Section III

Bank Schemes

Brief of Bank Schemes


101

Banks in India cater to agripreneurs through offerings like agriculture loans


or SME loans. The schemes vary from bank to bank in terms of the quantum
of offering, security requirements, interest rates, activities financed etc.
The interest rates for retail loan by public banks are liked to the BPLR
(Benchmark Prime Lending Rate) which varies from 11-13% approximately.
Private Banks on the other hand may have different benchmarks for different
loan products. Its approximately in the range of 12.5-16.7%.
The banks schemes included in this directory cover those offered by
Nationalized and Private Banks and Cooperative Agriculture Banks.

102

List of Bank Schemes


47. Andhra bank
Background
Name of the Scheme: MSME term Finance
Established: NA
Website: www.andhrabank-india.com
Contact details: The link provides a list of offices of the banks across Indiahttp://www.andhrabank.in/scripts/Contactus.aspx
Brief Summary: For setting up new units/ Increasing the capacity of
existing units/ Diversification/Modernisation.

Investing Profile
Type of assistance: Loan
Quantum of Assistance: Based on Technical viability and economic
feasibility of the project to service the debt
Area/Sector Focus: For setting up new units/ Increasing the capacity of
existing units/ Diversification/ Modernization
Security and Rate of interest: Primary security-first charge on assets
created out of term loan. Collateral security- none required up to Rs 5 lacs in
case of term/ standby loan, thereafter as per guidelines of bank. The interest
rate is linked to BMPLR and subject to change.
Disbursement Process: NA

Application Details
Application process: Contact branch offices for application form

103

Eligibility requirements: Eligible for finance- Land, Building, Plant &


machinery and other fixed assets with suitable margins.
Deadlines: NA
Documents needed: NA
Other details: NA

48. Bank of India


Background
Name of the Scheme: SME Loans-Priyadarshini Yojana
Established: 1989
Website: www.bankofindia.com
Contact details: Head Office
BANK OF INDIA
STAR HOUSE
C - 5, "G" Block,
Bandra Kurla Complex,
Bandra (East),
Mumbai 400 051.
Ph: . 022-66684444
Email: HeadOffice.GOD@bankofindia.co.in
For enquiriesCall - (022) 40919191 (all days). The contact details for regional offices can
be found at- http://bankofindia.com/branchnetwork_new.aspx
Brief Summary: With a view to empowering women by providing credit to
women entrepreneurs, a scheme called Priyadarshini Yojana was launched
in 1989. Under Priyadarshini Yojana women entrepreneurs are extended
credit facilities at liberal terms and at concessional rate of interest, for
economic activities.

Investing Profile

104

Type of assistance: Loan


Quantum of Assistance: Need based depending upon project cost/
turnover etc.
Area/Sector Focus: For women engaged in economic activities like
i) Purchase of equipment, machinery, vehicle, furniture / fixtures etc. for
capital investment and working capital needs
ii) Agriculture & Allied activities
Security and Rate of interest: rate of interest - 0.5% less than
applicable rate for limits upto Rs.50,000.
1% less than applicable rate for limits above Rs.50,000 (This interest rate
concession will be applicable if no other interest concession like DRI loan or
crop loan with concessional interest rate are available)
Net interest concession in case of education loan would not exceed 2 %.
Security- No collateral for advances upto Rs.5 lakh in case of small scale
industrial units, if a/c is covered under CGTSI then no collateral including
third party guarantee for limit upto Rs.25 lakhs
Disbursement Process: NA

Application Details
Application process: Contact nearest branch of Bank of India for
application forms
Eligibility requirements: Women entrepreneurs, women enterprises where
women entrepreneurs hold not less than 51% of the financial holding
Deadlines: NA
Documents needed: As mentioned in application form
Other details: Margin money- For limit upto Rs.50,000/- - Nil
For limit over Rs. 50,000/15% to 20%.

105

49. Bank of Maharashtra


Background
Name of the Scheme: Horticulture
Established: NA
Website: www.bankofmaharashtra.in
Contact details: Bank of Maharashtra
Head Office, Lokmangal,
1501, Shivajinagar Pune-411005
Telephone: 020 - 25532731, 733, 734, 735, 736
020 - 25532728
020 - 25514501 - 12
020 - 25513781
Brief Summary: This scheme is for Cultivation of fruit crops-mango,
Pomegranate, Grapes etc.

Investing Profile
Type of assistance: Loan
Quantum of Assistance: As per NABARD Unit costs/ Project
Area/Sector Focus: Horticulture
Security and Rate of interest: Mortgage of land. Hypothecation of crops.

Application Details
Application process: Contact nearest branch for application forms
Eligibility requirements: Agriculturist with adequate provision of irrigation
Deadlines: NA
Documents needed: NA
Other details: Repayment within 15 years

106

50. Canara Bank


Background
Name of the Scheme: Micro, Small & Medium enterprises loan scheme
Established: NA
Website: www.canarabank.com
Contact details: Toll free No- 1800425 018. It has branches across the
country. Visit the following link for locating the nearest branchhttp://www.canarabank.com/English/scripts/Locators.aspx
Brief Summary: For acquisition of fixed assets (viz, land/building,
plant/machinery, other fixed assets) towards setting up of new units and for
expansion, modernization and diversification in case of existing units

Investing Profile
Type of assistance: Loan
Quantum of Assistance: Depending on the project cost
Area/Sector Focus: SME & MSME
Security and Rate of interest: I charge on fixed assets financed by us.
Collateral Security and Personal/Third Party guarantee shall be insisted
wherever required.
SME-Manufacturing units
Upto Rs.50000/-

: 9.50 to 10%

Above Rs.50000/- upto Rs.2 lakhs: 11 to 11.50%


Above Rs.2 lac: (Graded as per scoring norms): 10% to 14%
SME-Services
Upto Rs.50000/-

: 9 to 9.50%

Above Rs.50000/- upto Rs.2 lakhs: 11 to 11.50%


Above Rs.2 lacs:

12 to 14.50%

107

Application Details
Application process: Contact their branch offices for application form
Eligibility requirements: Individuals, Proprietorship, Partnership, Ltd.
Companies etc
Deadlines: NA
Documents needed: As mentioned in the application form
Other details: Upfront fee is 1% of the loan

51. Haryana State Cooperative Bank Ltd


Background
Name of the Scheme: Enterprise Loan scheme
Established: NA
Website: www.harcobank.nic.in
Contact details: The Haryana State Cooperative Apex Bank Limited, SCO
78-80, Sector 17-B, Chandigarh, India.
Phone 702178, 702370, 721026, Fax-704349, 704360
E-mail : harcobank@yahoo.com
Brief Summary: Under this scheme loan is available upto an amount of
Rs.20.00 lacs to an individual artisan, small entrepreneurs,
proprietary/partnership concerns, companies and other corporate bodies for
undertaking any eligible production activities connected with
small/tiny/cottage and village industries. Loan cases above Rs.20.00 lacs
shall be submitted to NABARD/Harco Bank under the pre-sanction procedure.

Investing Profile
Type of assistance: Loan
Quantum of Assistance: Upto Rs 20 lacs
Area/Sector Focus: Small/ cottage/tiny and Village industries in Haryana

108

Security and Rate of interest: Rate of interest is fixed by NABARD/RBI


from time to time. The current rate is 13% to 15%.
Disbursement Process: NA

Application Details
Application process: Contact their office for application forms and details.
Eligibility requirements: Applicable to individual artisan, small
entrepreneurs, proprietary/partnership concerns, companies and other
corporate bodies for undertaking any eligible production activities connected
with small/tiny/cottage and village industries
Deadlines: NA
Documents needed: i) Agreement Deed
ii) Receipt of loan
iii) Hypothecation Deed
iv) Pledge Deed
v) Mortgage Deed
vi) Demand Promissory Note
vii) Time Promissory Note for loan in accordance with the repayment
schedule fixed by the Bank
viii) Letter of Acceptance accepting the terms and conditions of the sanction
ix) Utilization certificate
x) Consent letter to the effect that borrower has no objection to furnishing to
NABARD/HARCOBANK/RCS all such information as may be required by them
from time to time.
Other details: Entrepreneurs are expected to contribute margins as under:a) Upto Rs.25,000/- Nil
b) Over Rs.25,000/- to Rs.2.00 lacs 15% to 25%
c) Over Rs.2.00 lacs 15% to 25%

52. ICICI Bank


Background

109

Name of the scheme: Long term loan (RBTC+)


Website: www.icicibank.com
Contact details: ICICI Bank Limited,5th Floor, Mohd. Illyas Khan Estate Road
No.1,
Banjara Hills Above Music World,Hyderabad 500034
E-mail ID: ruralcustomer.care@icicibank.com
Brief Summary: ICICI Bank's Long Term Loan (RBTC+) facilitates obtaining
a loan of up to Rs. 3 crore against your residential/commercial property.

Investing Profile
Type of assistance: Loan
Quantum of Assistance: Rs 10 lakhs Rs 3 crore
Area/Sector Focus: Caters to only Agri and rural entrepreneurs
Security and Rate of interest: Fixed as well as Floating interest rate is
periodically adjusted with changes in the ICICI Bank Floating Reference Rate
(FRR).

Application Details
Application process: Contact nearest branch manager
Eligibility requirements:

Agri and rural entrepreneur.


Minimum age of 21 years.
Self-employed with a regular income.
Owner of a self-occupied residential/commercial property.

Deadlines: NA
Documents needed: The documents needed are as follows:
Filled-in application form.
Proof of residence and age - PAN card / election ID / passport / driving
license / ration card.
Last six months' bank statements for all operative accounts (for
110

company/firm and personal).


End use undertaking in the format specified by ICICI Bank.
Documentary proof for the end use i.e. bills, challans, etc.
Last three years' certified copies of balance sheet, profit and loss account,
IT acknowledgments, advance tax challans (for company/firm and personal).
Constitutional documents, as applicable
PAN card of partnership firm/company/proprietor.
List of authorized signatories.
Proof of residential/office address as per KYC guidelines.
A detailed write up of your business including details of constitution, your
partners/ shareholders, business history, products/services offered, chief
suppliers, chief clients, banking facilities availed and net worth.
Other details: You may select a term that most suits you within a maximum
limit of 15 years. The term cannot extend beyond your retirement age or of
your reaching 65 years, whichever is earlier.

53. Indian Bank


Background
Name of the Scheme: IND SME Secure
Established: NA
Website: www.indianbank.in
Contact details: PB No.1384,
66, Rajaji Salai,
Chennai 600 001,
Tamil Nadu
Head Office - Phone Numbers 044 25233231; FAX 044 25231278
The following is the link to the branch offices across Indiahttp://www.indianbank.in/branch_locator.php
Brief Summary: This scheme is focused on financing the SMEs based on
collateral security coverage

Investing Profile
111

Type of assistance: Loan


Quantum of Assistance: Above Rs.25 lakhs and upto Rs.5.00 crores. Group
exposure to be restricted to Rs.10.00 crores.
Area/Sector Focus: SME
Security and Rate of interest: Minimum collateral Requirement: 75% of
the limits. The interest rate is linked to BPLR.

Application Details
Application process: Contact their branch offices for application form and
other details
Eligibility requirements: All SME accounts (Fresh and Existing)
Deadlines: NA
Documents needed: As mentioned in the application form
Other details: NA

54. Indian Overseas Bank


Background
Name of the Scheme: Term Loan for MSME
Established: NA
Website: www.iob.in
Contact details: Address 763 Anna Salai, Chennai 600002
Phone +91-44- 28524212 +91-44- 28524212
Brief Summary: Term Loans are extended for the purpose of acquisition of
fixed assets. viz., land, building, plant and machinery for setting up of new
industrial units or expansion/modernisation of existing units Financing for the
purchase of second hand machinery (both indigenous as well as imported)
can also be considered subject to certain conditions .

Investing Profile
112

Type of assistance: Term Loan


Quantum of Assistance: Bank will normally finance upto 75% of the value
of fixed assets and the balance amount should be brought by the applicant
as margin. However depending upon the activity and quantum of advance
the bank may either increase the margin or decrease the margin.
Area/Sector Focus: SME (Small and medium sector enterprise)
Security and Rate of interest: Bank will not insist for collateral security /
Third Party Guarantee for total credit limits upto Rs.5 lakhs for SME
borrowers. In respect of credit limits above Rs.5 lakhs and upto Rs.25 lakhs
Collateral Security / Third Party Guarantee may be waived for deserving
cases and those limits will be covered under Credit Guarantee Trust for Micro
and Small Enterprises (CGTMSE).

Application Details
Application process: Contact their branch offices for application form or
download from website
Eligibility requirements: This scheme covers credit facilities to micro and
small enterprises. (both manufacturing and services sector).
Deadlines: NA
Documents needed: Bio Data form, details of fixed assets, details of
financial performance etc.
Other details: NA

55. ING Vysya Bank


Background
Name of the Scheme: Business Loans (Small Scale Industries) -MPower
SSI
Established: NA
Website: www.ingvysyabank.com

113

Contact details: To get contact details of regional offices click on this linkhttp://www.ingvysyabank.com/scripts/Access_branch.aspx
Bangalore 080 3030 9900 Chennai 044 4224 5466 Delhi and NCR 981808
5466 Mumbai 022 4009 5466 AP Circle 986666 5466 Toll free-1-800-4259900
Brief Summary: This scheme is tailor made for SSI units engaged in
activities like manufacturing, processing or SSSBEs, including Information
Technology and / or Software industry.

Investing Profile
Type of assistance: Loan
Quantum of Assistance: No maximum limit. The loan quantum is based
on Projected Sales Turnover and Net owned funds, assessed by the bank's
official on the following criteria:
Your past track record
The future requirements of your business
Your market reputation
Area/Sector Focus: SSI units
Security and Rate of interest: As applicable from time to time
Disbursement Process: NA

Application Details
Application process: Contact nearest branch for application form and
details or submit form online
Eligibility requirements: NA
Deadlines: NA
Documents needed: As mentioned in application form
Other details: NA

56. NABARD
Background
114

Name of the Scheme: Rural innovation Fund


Established: NA
Website: www.nabard.org
Contact details: This link provides a list of regional contact offices across
India- http://www.nabard.org/contact.asp#regionaloffice
Brief Summary: Rural Innovation Fund (RIF) is a fund designed to support
innovative, risk friendly, unconventional experiments in Farm, Non-Farm and
micro-Finance sectors that would have the potential to promote livelihood
opportunities and employment in rural areas

Investing Profile
Type of assistance: Support available under RIF can be in the form of loan /
grant/ incubation fund support, or a mix of all the three components
Quantum of Assistance: NA
Area/Sector Focus: Dry land / rain fed farming, Innovative rainwater
harvesting for rural dwellings, Rural energy from biomass/ agricultural
wastes, Techniques for increasing the value of crop residues and non-crop bio
mass, Community regulation of distribution and use of water and energy,
Storage devices for agricultural and rural products, Innovative methods of
managing Common Property Resources, Materials and designs for rural roads
and Rural sanitation and waste disposal.
Apart from this, activities trying to bring in more innovative approaches/
ideas with greater focus on the following areas will also be supported:
Rural Entrepreneurship/ skill Development, marketing Strategy and
Networking, Rural Housing and Habitat Development- Low cost and natural
calamity resilient housing structures for providing safe habitat to rural
population, Rural service sector, Financial inclusion, micro-Finance to microEntrepreneurship, Financial and technological model for Health Care and
Hygiene, Evolving package of products on Rural Tourism and Culture, Rural
Sanitation and Rural Haats in collaboration with Panchayat Raj Institutions
Security and Rate of interest: NA
Disbursement Process: NA

Application Details
115

Application process: Approach the District Development Manager (DDM) of


NABARD in the district or the Regional Office of NABARD at State
Capitals.The proposals can also be directly emailed to NABARD HO
(dpd.nfs@nabard.org).
Eligibility requirements: Individuals, NGOs, Community Based
Organisations, SHGs, Farmers Club, Panchayati Raj Institutions and
Corporates who have the expertise and willingness to implement innovative
ideas for improving the quality of life in rural areas may apply.
Deadlines: NA
Documents needed: 1) Details of the initiator of the proposal
2) About the project details
3) About the context details
Check out this link for in depth detailshttp://www.nabard.org/nonfarm_sector/rif_faqs.asp#question_1
Other details: On receipt of the proposals, NABARD (Office of DDM /
Regional Office/Head Office) will issue an acknowledgment of the receipt of
the proposal. Within a month, further informations/details if any required for
processing will be called for. In case the proposal is sanctioned, the proposer
will be informed about the anction of the proposal and the terms and
conditions of sanction. Further details of implementation, monitoring and
review will be contained in the terms and conditions of sanction. In case of
rejection, the reasons for rejection will be intimated to the proposer. The
average time period from the date of receipt of complete proposal to
sanction thereof is expected to be 3 months. In the sanction letter the
monitoring process and indicators will be stipulated, in relation to the specific
nature of the proposal.

57. Punjab National Bank


Background
Name of the Scheme: Sarthak Udyami
Established: NA
Website: www.pnbindia.com

116

Contact details: Head Office


Punjab National Bank
Street 7, Bhikaji Cama Place
New Delhi 110066, India
Tel : 91-11-26196486, 26102303
e-mail : website@pnb.co.in
Brief Summary: This scheme is for setting up new units; expansion,
modernization & renovation of existing units; purchase of land, construction
of building, machinery, equipment etc; and working capital facilities

Investing Profile
Type of assistance: Loan
Quantum of Assistance: Need based. (Composite loans upto Rs.100 lakh)
Area/Sector Focus: SSI (Small Scale Industry)
Security and Rate of interest: The interest structure is as follows:

Advances upto Rs.50, 000 at BPLR* minus 2%.


Advances above Rs.50,000 & upto Rs.2 Lakh at BPLR minus 1%.

Advances Above Rs.2 Lakh & upto Rs.20 Lakh at BPLR.

Advances Above Rs.20 Lakh - Linked with Credit Risk Rating.

Interest Rebate of 0.50% and margin at 10%, irrespective of loan


amount, available to women borrowers under Mahila Sashaktikaran
Abhiyan.

No Collateral Security & Third Party Guarantee for Loans upto Rs.50 lakh
covered under Credit Guarantee Fund Trust for Micro & Small Enterprises
(CGTMSE).

Application Details
Application process: Contact branch offices for application form
Eligibility requirements: Small Enterprises (SSI): Units engaged in
industrial activity with original investment in plant & machinery upto Rs.500
lakh.

117

Micro Enterprises (Tiny Units): Units with initial investment in plant &
machinery upto Rs.25 lakh, irrespective of the location of the unit.
Deadlines: NA
Documents needed: As mentioned in application form
Other details: NA

58. Small Industrial Development bank of


India
Background
Name of the Scheme: Direct Finance: SSI and Service sector units with
project cost of Rs 25 crore/MSE and Service sector units with project cost
between- Rs 25-250 crores/ Composite loan scheme
Established: NA
Website: www.sidbi.com
Contact details: Head OfficeSIDBI Tower
15, Ashok Marg
Lucknow - 226001
Phone No:- +91 - 522 - 2288547 / 48 / 49 / 50
For a list of regional office visit this link- http://www.sidbi.in/contactus1.asp
Brief Summary: SIDBIs has numerous schemes catering to the small to
medium scale business. It has products both for existing and new
entrepreneurs.

Investing Profile
Type of assistance: Term Loans
Quantum of Assistance: Minimum Loan for SSI scheme

Generally Rs.50 lakh for setting up new unit and Rs.25 lakh for other
purposes.
118

In respect of well run existing SSI units, the minimum loan could be Rs.
10 lakh.

Minimum loan for MSE -Generally Rs.100 lakh for setting up new unit and
Rs.50 lakh for other purposes.
Area/Sector Focus: New SSI/ MSE, expansion, diversification
Security and Rate of interest: Interest as applicable from time to time
Disbursement Process: NA

Application Details
Application process: Contact nearest office or download application form
from their website.
Eligibility requirements:
For SSI Scheme- I] New or existing SSI units.
ii] SSI unit graduating to medium scale, and
iii] Service sector units with an overall project cost not exceeding Rs.25
crore.
For MSE Scheme- i] New or existing medium sector enterprises, and
ii] Service sector units with an overall project cost above Rs.25 crore and
upto Rs.250 crore with Bank's assistance not exceeding Rs. 50 crore
Deadlines: NA
Documents needed: Project particulars, financial report, security offered
details etc ( details mentioned in application form)
Other details: Term of loan varies from 6 months to 8-10 years. Moratorium
not exceeding 18 months.

59. South India Bank


Background
Name of the Scheme: Agriflex
Established: NA

119

Website: www.southindianbank.com
Contact details: South Indian Bank Ltd.
Head Office
T.B Road, Mission Quarters, Thrissur 680 001,Kerala, India
Telephone Nos : +91-487-2420020, 2420058, 2420113
Email: sibcorporate@sib.co.in
For the nearest branch contact details go to this link
http://www.southindianbank.com/branch/branchlist.aspx
Brief Summary: The scheme is for any agricultural / allied activity.

Investing Profile
Type of assistance: Loan
Quantum of Assistance: Term Loan Minimum Rs. 1.00 lac
Maximum Rs.25.00 lac
Area/Sector Focus: Individuals and / or jointly with spouse / parents or joint
Property owners.
Net worth by way of landed property should be at least twice the loan
amount.
Security and Rate of interest:
Loans upto Rs.2.00 lacs : BPLR+TP-4%
Loans above Rs.2.00 lacs : BPLR+TP-3.00%
Primary: Hypothecation of crops / assets created.
Collateral: Please contact the nearby branch.
Disbursement Process: Loan proceeds to be credited to the SB/CD account
of the borrower.

Application Details
Application process: Download or get the application form from nearest
branch.

120

Eligibility requirements: Based on unit cost of NABARD / scale of finance


of the Agri/allied activity undertaken by the borrower.
Deadlines: NA
Documents needed: As mentioned in the application form
Other details: Repayment- Up to 7 years in monthly / quarterly / half yearly
installments.

60. State Bank of India


Background
Name of the Scheme: Finance to Horticulture/ Finance to organic
farming/Dairy plus scheme for financing Dairy units/ SSI- Entrepreneur
scheme
Established: NA
Website: www.statebankofindia.com
Contact details: Toll free Number- 1800112211
This is the link to contact details of regional Agri Business Branches:
http://www.statebankofindia.com/user.htm?
action=branchlocator_result&num_branchtype=15&num_service=-1
This is the link to the regional SSI branches:
http://www.statebankofindia.com/user.htm?
action=branchlocator_result&num_branchtype=21&num_service=-1
Brief Summary: Finance to horticulture- Loans for development of fruit
orchards like mango, chikoo, Grapes, pomegranate, apple, etc., as well as
short term crops like banana, pineapple, Flowers in open and green houses
and vegetable crops are financed.
Finance to organic farming Investment credit to develop a farm design and management under
organic farming for initial two-year period.
Investment credit to develop a farm design and management under
organicfarming for initial two-year period.
121

Investment credit to develop a farm design and management under


organic farming for initial two-year period.

Investing Profile
Type of assistance: Loan
Quantum of Assistance:
Table 1- Horticulture scheme
Upto Rs 50000/

100 % of the cost of the asset / project cost

Above Rs 50000/

upto 85 % of the asset / project is given as


loan.

For organic farming- Unit cost


Area/Sector Focus: Agriculture and allied activities
Security and Rate of interest:
For Horticulture-Loan amount upto Rs 50000/
Hypothecation of assets created
Above Rs 50000/ upto Rs 100000
(1) Hypothecation of assets created
(2) Mortgage of land or third party guarantee
Above Rs 100000/
(1)Hypothecation of assets created
(2) Mortgage of lands
For Organic farming- Security:
For Individual Farmers:
Primary
Hypothecation
of
assetscreated
& crops to be
raised

Collateral
Mortgage of land
OR
any other readily
realizable liquid/
immovable
security
122

of adequate value.
A) Group Farmers (JLGs)
Unit Size

Primary

Collateral
-Nil-(Mutual
Guarantees
ATL & ACC Max.
ATL & Hypothecation offered
Rs. 50,000/of
by the JLG
per member.Max.
assets created and
members to
10 members /
crops to be raised
group.
be
obtained)
Rate of Interest: As per interest rates circulated from time to time for
agricultural term loans.

Application Details
Application process: Contact nearest branch for application forms
Eligibility requirements: For Horticulture-All farmers having cultivable
lands.
For organic farming

All farmers who own individually or collectively a minimum of 4 acres


of irrigated land or 10 acres of dry (rain fed) land (or equivalent) are
eligible
JLGs engaged in crop production activity.
Farmers applying for Organic Farming registration with Certified
Agenciesmay also be considered, however,disbursements will be
subject to completion of the registration formalities.
The product is currently launched on pilot basis in Bangalore, Chennai,
Delhi, Hyderabad and Mumbai Circles in select branches.

Deadlines: NA
Documents needed: For Orchard development you need to submit the
following:
i) Water and soil testing report
ii) A feasibility certificate from the local Horticulture department
iii) Land records
123

iv) Quotation /estimates for the costs to be incurred


v) Project Report, if the project is large
Other details: For organic farming: Minimum 20% - either contributed by
the borrower or by subsidy.

61. Syndicate Bank


Background
Name of the Scheme: Finance for Hi- tech Agriculture scheme/ Synd Udyog
scheme
Established: NA
Website: www.syndicatebank.in
Contact details: Head Office
Post Box No.1
MANIPAL 576 104
(Udupi Dist) Karnataka
Phones (EPABX): 0820-2571181 to 2571196 - A list of regional offices and
their contact details are given in their websitehttp://syndicatebank.in/scripts/ContactUs.aspx
Brief Summary: /Scheme for financing small and medium entrepreneurs

Investing Profile
Type of assistance: Loan/ Overdraft
Quantum of Assistance: Maximum Rs 50 lakhs
Area/Sector Focus: Medium to long term loans are extended for

Tissue Culture and establishment of Green Houses

Mushroom Production and Processing

Production of Fruits, Vegetables and Cut flowers

124

Export of Horticultural Products

Traditional and non-traditional Plantations

Aquaculture

Agro-processing Industries

Aromatic and Medicinal Plants

Cold Storage units.

For Synd Udyog scheme-Manufacturing Units, Trading Units & Service


Entities
Security and Rate of interest: As applicable from time to time
Disbursement Process: NA

Application Details
Application process: Online submission for Synd Udyog possible or contact
nearest branch
Eligibility requirements:

Credit requirement of the applicant party/unit shall not be more than


Rs. 50 lacs.

The annual sales/revenue turnover of the applicant party / unit shall


not be more than Rs. 250 lacs

Deadlines: NA
Documents needed: Proof of identity ,Proof of residence , Proof of business
address,Proof of Minority/ Category (if required), Last three years balance
sheets of the units along with income tax /sales tax returns etc. (Applicable
for all cases from Rs.2 lacs and above). However, for cases below fund based
limits of Rs.25 lacs if audited balance sheets are not available, then
unaudited balance sheets are also acceptable for limit up to Rs 10.00 lac as
per extant instructions of the bank. For cases of Rs.25 lacs and above, the
audited balance sheets are necessary, Memorandum and articles of
association of the Company/Partnership Deed of partners etc, Assets and
liabilities statement of promoters and guarantors along with latest income
tax returns, Rent Agreement (if business premises on rent) and clearance
125

from pollution control board if applicable, MSME registration if applicable,


Projected balance sheets for the next two years in case of working capital
limits and for the period of the loan in case of term loan. (For all cases of
Rs.2 lacs and above),In case of takeover of advances, sanction letters of
facilities being availed from existing bankers/Financial Institutions along with
detailed terms and conditions, Profile of the unit (includes names of
promoters, other directors in the company, the activity being undertaken,
addresses of all offices and plants, shareholding pattern etc, Last three years
balance sheets of the Associate/Group Companies (If any),Project report (for
the proposed project if term funding is required) containing details of the
machinery to be acquired, from whom to be acquired, price, names of
suppliers, financial details like capacity of machines, capacity utilisation
assumed, production, sales, projected profit and loss and balance sheets for
the next 7to 8 years till the proposed loan is to be paid, the details of labour,
staff to be hired, basis of assumption of such financial details etc,Review
of account containing month wise sales (quantity and value both), production
(quantity and value), imported raw material(quantity and value), indigenous
raw material (quantity and value), value of stocks in process, finished goods
(quantity and value), debtors, creditors, bank's outstandings for working
capital limits, term loan limits, bills discounted, Photocopies of lease
deeds/title deeds of all the properties being offered as primary and collateral
securities, Position of accounts from the existing bankers and confirmation
about the asset being Standard with them (In case of takeover),
Manufacturing process if applicable, major profile of executives in the
company, any tie ups, details about raw material used and their suppliers,
details about the buyers, details about major competitors and the company's
strength and week- nesses as compared to their competitors etc, Legal
opinion of the property to be mortgaged(if applicable) from the empanelled
lawyer.
Other details: Application forms are available online as well.

62. Vijaya Bank


Background
Name of the Scheme: Indirect Loan to Agriculture & Allied activities

126

Established: NA
Website: www.vijayabank.com
Contact details: The link to their branches across India
--http://vijayabank.com/vijaya/vijaya/internet-en/menus/branchsearch/branch-locator
Brief Summary: Loans in excess of Rs.1.00 crore to Corporates,
Partnership Firms & Institutions, two thirds portion over and above Rs.1.00
crore come under indirect agriculture. A number of activities are financed
under indirect loans to agriculture and allied sectors.

Investing Profile
Type of assistance: Loan
Quantum of Assistance: Need Based
Area/Sector Focus: Agriculture and allied activities
Security and Rate of interest: The interest rate is linked to BPLR.

Application Details
Application process: Contact their branch offices for application form or
download from website
Eligibility requirements: The Loan is granted for a number of purposes
some of which are:

Loans to Foor & Agro based processing units with investment cost on
plant and machinery up to Rs.10.00 crore undertaken by those other
than individuals, SHGs and Co-Operatives in rural areas
Loans for construction and running of storage facilities -warehouse,
market yards, godowns, silos, and cold storages designed to store
agriculture produce / products irrespective of the location.

Deadlines: NA
Documents needed: As mentioned in the application form
Other details: NA

127

128

Section IV
Government Schemes

129

Brief of Government Schemes


This section provides information on the schemes run by the Central and State/UT
Governments in India as well as on quasi government or government funded
organizations providing credit in the field of agriculture and allied sectors. These
schemes cater not only to agriculture credit but also to SME financing in general.

130

List of Government Schemes


63. Agricultural and Processed food products
export development authority (APEDA)
I Background
Name of the Scheme: Financial Assistance scheme ( Schemes for market
development, infrastructure development, quality and research and
development)
Established: NA
Website: www.apeda.com
Contact details: Agricultural & Processed Food Products Export
Development Authority
(Ministry of Commerce & Industry, Govt. of India),
NCUI Building 3, Siri Institutional Area, August Kranti Marg, New Delhi - 110
016
Phone : 91-11-26513204, 26514572, 26534186
Fax : 91-11-26526187
email: headq@apeda.com
Visit this link for contact details of regional offices
http://apeda.com/apedawebsite/corporate_info/network.htm
Brief Summary: APEDA is an apex organization for agriculture and process
food export. The scheme caters to exporters.

II Investing Profile
Type of assistance: Loan
Quantum of Assistance: Varies from scheme to scheme

131

Area/Sector Focus: Marketing , infrastructure, quality and research


development of agri and related areas.

III Application Details


Application process: Submit the application in prescribed format to
regional APEDA office.
Eligibility requirements: The assistance under Financial Assistance
Schemes of APEDA is available to registered exporters and for APEDA
Scheduled Products only
Deadlines: NA
Documents needed: Application should be accompanied by self certified
copies of
(a) APEDA RCMC along with amendments, if any
(b) IEC NO
(c) PAN No
(d) Quotation/proforma invoice /invoices from suppliers of equipment /
packaging boxes/ advertisement /consultants (feasibility study/ISO/HACCP)
etc.
(e) Separate quotations from accredited consultants and certification bodies
for ISO/HACCP/TQM/BRC etc (accreditation status can be checked on the link
www.qci.in
for HACCP consultants and certification bodies should be selected from
APEDA recognized agencies only which is available on APEDA website ; for
GlobalGAP quotation from Certification body only is required.
(f) Pamphlet depicting equipment details in case of infrastructure/laboratory
equipment/any other assets etc
(g) For civil work with regard to intermediate storage sheds and effluent
treatment plant the estimate from a Chartered Engineer or Civil Architect
Other details: For detailed information of each scheme under the financial
assistance scheme visit this linkhttp://apeda.com/apedawebsite/trade_promotion/check_list_for_FAS.pdf

132

64. Andhra Pradesh Industrial Development


Corporation
I Background
Name: Term Loan
Headquarter:

Andhra Pradesh

Established: NA
Website: www.apidc.org
Contact details: Parisrama Bhavan,
5-9-58/B,Fateh Maidan Road,
Hyderabad - 500 004, A.P.(INDIA).
Phones : +91-40-23235253-56.
Fax: +91-40-23235516,23236756.
E-mail : administrator_apidc@ap.gov.in
Contact officer: C.Mariamma,
Tel: 23235253, 23235516(fax)
Email: administrator_apidc@ap.gov.in
Brief Summary: APIDC offer a wide range of financial and consulting
services. Their services include but are not limited to Project promotion Generation and Implementation of New Project Ideas, Guidance and
comprehensive Escort Service to the Entrepreneurs, Participation in Equity
Capital, Providing Term Loans, Providing Bill Discounting Facility, Providing
Guarantees, Merchant Banking, Venture capital Fund for IT Industry, ENTIRE
(Entrepreneurs Nucleus and Total Investment Requirement Eden). Under the
term loan scheme it provides long term financial assistance more than Rs.
20.00 lakhs.

II Investing Profile
Type of assistance: Loan/ Equity
Area/Sector Focus: Project Finance for setting up of new projects and for
expansion / diversification / modernization in case of term loan; Food & Agro
133

Processing except traditional industries, Biotechnology, Renewable sources


of Energy etc in case of equity partcipation.

III Application Details


Application process: Contact their offices for application form
Eligibility requirements: All companies, Public or Private Ltd., incorporated
with ROC, having Registered Office in Andhra Pradesh.
Deadlines: NA
Documents needed: NA
Other details: Rate of interest 11.5% net. Primary security shall be the fixed
assets of the company. Collateral security to be upto 25-50% depending
upon the risk perception. Maximum Debt Equity ratio shall be 1.5: 1. LoanMin Rs 20 lakhs to Rs 500 lakhs/ 11% or Rs 100 lakhs for Listed companies
and 11% or Rs 25 lakhs for un listed companies whichever is less.

65. Andhra Pradesh State Government


I Background
Name of the Scheme: Economic Assistance (Bankable Scheme)
Established: NA
Website: www.apsmfc.com
Contact details: Andhar Pradesh State Minorities Finance Corporation Ltd.
5th Floor Haj House, Nampally
Hyderabad 500001
AP, INDIA
Tel:+91-40-23244500
Fax: +91-40-23244368
Email: info@apsmfc.com
Brief Summary: This scheme provides individual assistance for activities
like agriculture allied, industries, small business, services, transport etc for
weaker section of minorities that can be taken up in collaboration with banks
134

at cheaper rate of interest for bank share of loans to establish any viable
self-employment unit and to identify entrepreneurial capabilities among
minorities and facilitate them to emerge as successful entrepreneurs in the
society. Employees and students are not eligible for the financial assistance
under the scheme.Bank share of loan shall be recovered over a period of 3
years without any moratorium .
II Investing Profile
Type of assistance: Loan,Subsidy,
Area/Sector Focus: Agriculture allied, Industries, Small business, Services,
Transport etc

III Application Details


Application process: People belonging to notified Minority Communities
either individuals or groups whose annual income from all sources is below
Rs.50,000/- are eligible for financial assistance under the scheme. The
applicants should produce Caste, Income and nativity Certificates at the time
of the selection itself. The identification of the beneficiaries will be done at
Mandal level by the team of Officers with Mandal Parishad Development
Officer as leader, Banker and any genuine Non Government Organisation if
available as members using the method of counseling. For identification of
individual beneficiaries, the counseling for selection will be conducted in the
main village of service area branch at the rate of not less than one Grama
Sabha per Bank. The District collector & Chairman will be responsible for the
implementation of the scheme at the District level. The Vice Chancellor &
Managing Director, Andhra Pradesh State Minorities Finance Corporation
Limited, Hyderabad and Convener, State Level Bankers Committee will
monitor the scheme at the state level.
Eligibility requirements: i) Beneficiary should belongs to Minority
community ii) Age between 18 to 55 years iii) Annual family income below
Rs.50,000/Deadlines: NA
Documents needed: Caste, Income and nativity certificates
Other details: Bank share of loan shall be recovered over a period of 3
years without any moratorium. Interest subsidy to reduce interest burden by
subsiding the interest over and above 3% charged by bank.
135

Keralas Small farmers Agri business consortium


http://www.sfackerala.org/jointventure.php

66. Andhra State Financial Corporation


I Background
Name of the Scheme: Term Loan
Established: NA
Website: www.apsfc.com
Contact details: Andhra Pradesh State Financial Corporation
5-9-194, PB No:165
Chirag Ali Lane,
Hyderabad - 500001.
Tel. Ph No: + 91 40 23201646, 23202550
Mob: + 91 98665 12503 / 502 / 501
Grams: AFINCORP Fax:040-23202972
Mail: ho@apsfc.com
Brief Summary: Andhra Pradesh State Financial Corporation (APSFC)
extends financial assistance for setting up industrial units in Small & Medium
Scale, Service enterprises in the state of Andhra Pradesh. The Corporation
extends finance basically through two products the Term Loans and the
Working Capital Term Loans

II Investing Profile
Type of assistance: Loan
Area/Sector Focus: For the FY 2009-10, the following have been identified
as thrust areas:
Food processing and Agro based industries, Bio technology, Textiles etc

III Application Details


Application process: The applicant has to submit a representation briefing
about the project, availability of raw material, market tie-up if any etc. and
136

experience of the promoter in that line and the security to be offered for the
loan. The Branch Engineers and Project Appraisal Officers will assist the
entrepreneur in this regard. After submission of the copies of necessary
documents/papers the Corporation considers loans subject to viability of the
scheme, with in 10 days if the loan is below Rs. 15 lakhs, 20 days if the loan
is between Rs. 15.00 and 30.00 lakhs and 40 days if the loan is above Rs. 30
lakhs.
Eligibility requirements: Corporation sanctions loans to industrial units,
service sector units like nursing homes, commercial complexes, hotels,
motels, road laying equipment, transport operators, excavators, tourist
transport vehicles etc. The Corporation considers loans at 75% on the assets
such as land, buildings and machinery subject to DER norms.The applicant
shall offer collateral security ranging from 25% to 150% of the loan amount
depending upon the type of the schemes and as guided by the lending
policy.
Deadlines: NA
Documents needed: Units land documents, building plan, machinery
quotations, surety documents, and Relavent approvals. Website provides a
detailed checklist
Other details: Rs 10 -800/2000 lakhs is the quantum of loan. Rs 800 lakhs
for Proprietorship, Partnership & HUF and Rs 2000lakhs for others. Interest
rate is applicable as per decision of Corporation.

67. Assam Financial Corporation


I Background
Name of the Scheme: Term Loan
Established: NA
Website: www.afconline.gov.in
Contact details: Assam Financial Corporation
Vittiya Bhavan
M.S.Road, Paltanbazar,
137

Guwahati-Assam.PIN-781 008
Tel:0361-2739839/2633658
Fax-03612521859
Email:afcghy@gmail.com / afc_ho@yahoo.com
Brief Summary: Assam Financial Corporation (AFC) was established under
the Central Act, viz., The State Financial Corporations Act, 1951, with the
basic objective of promoting and developing small scale and medium scale
industries in the State with a special focus on spreading industrial culture in
the rural, semi-urban and backward areas of the States. t provides term loan
to small and medium scale industries for creation of assets, viz., land,
building and machinery.

II Investing Profile
Type of assistance: Loan
Area/Sector Focus: SME sector (Focus is on Agri and Food Processing
Industry)

III Application Details


Application process: Contact their offices for application form and other
details
Eligibility requirements: The scheme is applicable to the first generation
entrepreneurs and for new projects. It is also applicable to the existing
promoters going in for expansion/modernization and/or diversification of
their activities into other lines of activities.
Deadlines: NA
Documents needed: As mentioned in application form
Other details: Assam Financial Corporation provides maximum loan upto
Rs.150 lakhs. The interest on loan ranges between 13.75% to 16.5%
depending upon the size of the loan and term.

138

68. Bihar State Credit and Investment


Corporation Ltd
I Background
Name of the Scheme: Normal Term Loan
Established: NA
Website: www.bicico.com
Contact details: Bihar State Credit and Investment Corporation Limited.
4th Floor,Indira Bhawan
Ram Charitra Singh Path
Post Box No-204 GPO
Patna 800 001(INDIA)
E-mail:pat_mdbicico@dataone.in
Brief Summary: Loan upto Rs 90.00 lakhs is provided for setting up an
industrial unit in small/medium/large sector. The scheme should not be in the
negative list of the Corporation. Repayment period normally varies from 8 to
10 years.

II Investing Profile
Type of assistance: Term loan
Area/Sector Focus: SME/MSE

III Application Details


Application process: To Get Financial Assistance an entrepreneur is
required to submit applications in triplicate for Normal term Loan in the
prescribed application form along with copy of project reports to the
Corporation at its office at 4th floor, Indira Bhawan ,Patna 800 001.
Prescribed application form for normal term loan can be obtained from the
Industrial Promotion Division on payment of Rs. 400/- (Rupees four hundreds)
by cash/demand draft/money order in favour of ''Bihar state Credit and
Investment Corporation Ltd payable at Patna.
Eligibility requirements: NA
Deadlines: NA
139

Documents needed: As mentioned in application form


Other details: The interest rate is 15.5% (PLR)

69. Council of Scientific and Industrial


Research
I Background
Name of the Scheme: Industry Originated projects-New Millennium Indian
technology leadership Initiative (NMITLI)
Established: NA
Website: www.csir.res.in
Contact details: NMITLI Planning and Performance division, CSIR,
Anusandhan Bhawan, 2nd Rafi Marg, New Delhi- 110001
Email: nmitli@csir.res.in
Brief Summary: NMITLI seeks to catalyze innovation centered scientific
and technological
developments as a vehicle to attain for Indian industry a global leadership
position, in selected niche areas in a true Team India spirit, by synergising
the best competencies of publicly funded R&D institutions, academia and
private industry. Provides grants to 2 types of projects- NEP and IOP. New
mechanisms to include- funding R&D projects along with industry on equal
sharing (50:50 initiative); co-financing of projects with Venture Capital Funds;
setting up of NMITLI innovation centers in selected areas for long term
sustained efforts; support to post NMITLI projects; acquisition of early stage
relevant knowledge / IP for portfolio building etc.

II Investing Profile
Type of assistance: Grant
Quantum of Assistance: The financial support is in the form of grant-in-aid
to the institutional partners in public domain and as soft loan with 3%
interest to the private sector industrial partners having more than 50% of
shareholding by Indians/Non-resident Indians and with 5% interest to the
private sector industrial partners having less than 50% shareholding by
Indians/Non-resident Indians but with manufacturing base in India.
140

Area/Sector Focus: Technology

III Application Details


Application process: For IOP ( Industry originatedprojects) -Soliciting of
proposals through press advertisement and personal letters from DG, CSIR.
The screening of the conceptual proposals thus received is carried out by a
committee followed by assessment and rating of short listed ideas by the
domain experts. The development of top rated two ideas in each domain is
undertaken with the assistance of NMITLI designated experts. The project
thus finalized are considered and reviewed by the HPC and the
recommendations of HPC are considered by CSIR Governing Body in order to
decide on the projects to be supported in a given period.
Eligibility requirements:
1) Companies registered in India and having more than 50% of shareholding
by Indians/Non-resident Indians or less than 50% shareholding by
Indians/Nonresident Indians but with manufacturing base in India.
2) The Company must have an R&D Centre, registered with the Department
of Scientific and Industrial Research (DSIR), Government of India. If not, the
designated firm to undertake steps to get its R&D Centre recognized within
12 months.
3) Up to two projects of any company will be supported under the NMITLI
Scheme at any given time.
Deadlines: Communicated through advertisements in national daily or
through their website
Documents needed: Conceptual project proposal
Other details: For detailed application process check out this linkhttp://www.csir.res.in/External/Utilities/Frames/Nmitli/main_page.asp?
a=topframe.htm&b=leftcon.htm&c=../../../Heads/collaborations/Nmitli.htm
Also note- The repayment of the loan component as well as interest by the
industry partners is in 10 equal yearly installments and recovery should
commence within six months of the completion of the project

141

Credit Guarantee Fund Trust For Micro


and Small Enterprises (CGTMSE)

70.

I Background
Name of the Scheme: CGTMSE
Established: NA
Website: www.cgtmse.in
Contact details: Chief Executive officer
CGTMSE, 7th floor, SME development centre, C- 11, G Block, Bandra Kurla
Complex, Bandra East, Mumbai. Ph: 2654 1803, 6753 1218
Brief Summary: Almost all nationalized banks, Regional rural banks, SIDBI
etc are member lending institutions. For reference check out this linkhttp://www.cgtmse.in/List_Of_MLIs.aspx
The main objective is that the lender should give importance to project
viability and secure the credit facility purely on the primary security of the
assets financed. The other objective is that the lender availing guarantee
facility should endeavor to give composite credit to the borrowers so that the
borrowers obtain both term loan and working capital facilities from a single
agency. The Credit Guarantee scheme (CGS) seeks to reassure the lender
that, in the event of a MSE unit, which availed collateral free credit facilities,
fails to discharge its liabilities to the lender, the Guarantee Trust would make
good the loss incurred by the lender up to 75 / 80/ 85 per cent of the credit
facility.

II Investing Profile
Type of assistance: Credit Guarantee
Quantum of Assistance: Of the credit facilities extended by Member
lending institution MLIs, Trust shall guarantee, in case of default by the
borrower, up to 75 per cent (85% for select category of borrowers), of the
defaulted principal amount in respect of term credit including interest on
principal for one quarter and / or outstanding working capital advances
(inclusive of interest), as on the date of account becoming NPA, or as on the
date of filing the suit, whichever is lower. Other charges such as penal
interest, commitment charge, service charge, or any other levies/ expenses
shall not qualify for the guarantee cover.
142

Area/Sector Focus: New SSI and MSME

III Application Details


Application process: Contact the MLI which processed loan.
Eligibility requirements: Eligible borrower would be new or existing Micro
and Small Enterprises (both Manufacturing and Services) to which credit
facility has been provided by the Bank without any collateral security and/or
third party guarantees. Collateral Security would mean any asset other than
business asset.
Deadlines: NA
Documents needed: NA
Other details: The interest rate applicable is as follows: The MLI shall
follow the guidelines issued by RBI. However, interest rate shall not exceed 3
per cent over and above the Prime Lending Rate of the MLI, excluding the
annual service fee.

71. Delhi Financial Corporation


I Background
Name of the scheme: General Scheme/ Single window Scheme
Established: NA
Website: www.delhi.gov.in
Contact details: Delhi Financial Corporation
Plot Nos. : 37 & 38, Institutional Area,
Pankha Road, D-Block JanakPuri, Delhi-110058
Phone No. : 28525035, 28525036, 28525037, 28525038,28525039
Fax no. 28525041
E-Mail (Delhi) : dgmdfc.delhi@nic.in
Brief Summary: The objectives of DFC is to promote finance and develop
industries/service activities in the small and medium scale sectors including
commercial transport in the NCT, Delhi and UT Chandigarh.

143

II Investing Profile
Type of assistance: Loan
Quantum of Assistance: Under General scheme: Rs 5 crore for companies
and Rs 2 crore for proprietorship
Area/Sector Focus: SSI and medium scale industries

III Application Details


Application process: Submit application in prescribed format to any branch
office of DFC.
Eligibility requirements: The business domain of DFC consist of small
scale industrial unit (Units in which the investment in plant and machinery
does not exceed Rs. 10 million) and medium scale industry including service
and transport industries. The purpose of loan should be new, shifting,
expansion, diversification and modernization. The location should be in any
of the following areas Industrial Commercial Complex except for household
industries which can be located in residential areas.
Deadlines: NA
Documents needed:
1. Copy of provisional/permanent S.S.I.Registration.
2. Copy of allotment letter/lease deed of the land.
3. Proposed/Sanctioned building plans.
4. Copy of the sanction letter of the building plans.
5. An undertaking from Architect to the effect that the proposed plans are
as per bye-laws of DDA in case of non-sanctioned building plans.
6. Rented Premises Details of
(a) Location
(b) Covered area
(c) Rent amount payable
7. Sketch plan layout indicating area under Plant & Machinery, storage
and other usages.
8. A brief note on the manufacturing process.

144

9. List of existing plant and machinery alongwith its purchase value, year
of purchase and suppliers/manufacturers detail.
10.
Purchase value of the plant and machinery of sister
concern/company.
11.
Comparative statement of plant and machinery in the attached
proforma alongwith at-least two quotations of each machine alongwith
catalogues.
12.
Customer's list of preferred indigenous plant and machinery's
supplier.
13.
Details of the OGL-Appendix No., item no., in respect of imported
machinery.
14.

Copy of the import licence, if required.

15.
Tariff rate of custom duty on proposed imported machinery with
proof thereof.
16.
Break up and basis of the installed capacity (existing and
proposed).
17.
Copies of the various sales bills of the product being
manufactured in the case of existing units.
18.
2/3 assurance letters in respect of sales/job rate to be charged
and marketing tie-up letter from the prospective customers giving
quantity of the product to be lifted.
19.

Norms of the applicable excise duty with proof thereof.

20.
Breakup and basis of the cost and quantity of the required raw
material/consumables alongwith quotations/purchase bills.
21.

Details of salaries/wages of existing/proposed manpower.

22.

Power load breakup machine wise (existing/proposed).

23.
Detailed biodata of proprietor/partners/directors with yearwise
experience details.
24.
A detailed note on the inspection/tests required for quality
control arrangements.
25.

A detailed note on demand, scope and marketability aspects.

FINANCIAL
1. Sources of raising capital.
145

2. Details of assets and liabilities of the proprietor/partners/directors.


(Both moveable and immovables).
3. Copies of the Income Tax/Wealth tax returns/assessment orders of all
the Directors/partners/ proprietor for the last three years and details of
their permanent account numbers.
4. Balance Sheets of the company/concern for the last three years in case
of existing units duly audited by C.A.
5. Bank Reports of applicant/sister concern/company.
6. Balance Sheets of sister concern/company for the last three years duly
certified by C.A.
7. Details of collateral security alongwith photocopy of title deed and
valuation report (if available).
8. Copy of resolution of the company authorising the directors to make
application for loan for signing the documents
9. Copy of form 'A' and 'B' and partnership deed in case of partnership
concern.
10.

Assurance letter from Bank for working capital tie-up.

11.
Copy of the Memorandum and Articles of Association and list of
share holders with shareholding and paid up amount.
12.
Photocopy of the title deeds of the immovable property of
Directors/Partners/Proprietor/ guarantors.
13.
Permanent address of the
Directors/Partners/Proprietor/guarantors.
Other details: Interest rate to change from time to time as per boards
decision.

72. Department of Bio Technology


I Background
Name of the Scheme: SBIRI (Small business Innovation research Initiative)
Established: NA
Website: www.dbtindia.nic.in
146

Contact details: Dr. (Mrs.) Suchita Ninawe, Scientist 'E', Department of


Biotechnology, Ministry of Science & Technology, CGO Complex, Block - 2, 68th floors, Lodi Road, New Delhi-110 003.
Email: bcildelhi@vsnl.com Or bcil@biotech.co.in
Brief Summary: The funds will be given under the scheme to the
participating industry and collaborating partners in installments, the first one
on signing of the Agreement and the subsequent installments on satisfactory
progress of the project as determined by the Apex Committee of SBIRI (ACS).
Projects are supported under 2 phases.

II Investing Profile
Type of assistance: Grant
Quantum of Assistance: The quantum of assistance varies under
phase I and phase II which is as follows:
Under Phase I: a. If the actual project cost is upto Rs. 25 lakhs, 80% of the
project cost will be available as a government grant.
b. If the actual project cost is between Rs. 25 lakhs and Rs. 100 lakhs, 50% of
the project cost will be available as government grant subject to a minimum
of Rs. 20 lakhs and maximum of Rs. 50 lakhs.
c. if the project cost is beyond Rs. 100 lakhs, in addition to the Govt. grant of
Rs. 50 lakhs, the unit will be eligible for interest free loan upto 50% of the
amount (subject to a limit of Rs. 50 lakhs as loan) by which the total project
cost exceeds Rs. 100 lakhs.
Under Phase II:Soft loan upto Rs. 10 crores for a project can be given as
per its requirement. Soft loan upto Rs. 100 lakhs will carry a simple interest
of 1% while the interest rate will be 2% (simple interest) on the amount of
loan beyond Rs. 100 lakhs, per annum on the outstanding amount of the
loan.
Area/Sector Focus: Biotech industries and Entrepreneurs

III Application Details


Application process: Application in the prescribed format given on
website should be submitted to the address as mentioned in the
advertisement.

147

Eligibility requirements: The proposals can be submitted solely by an


Industry/ Industries; or in collaboration with public partners like Universities,
National Institutions etc.
The private industry should fulfill the following criteria:

The R&D unit should be registered in India and must fulfill the criteria
of Small Business Unit (not more than 500 employees in R&D) as
defined in the scheme.

At least 51 % of the Industry's shares should be held by Indian


promoters, family and friends and the general public.

The Industry should have a well established in-house R&D unit


recognized by Department of Scientific and Industrial Research (DSIR)
or have patent rights (National or International) on preliminary work
done related to the proposed activity. (The companies who are in the
process of obtaining DSIR recognition or intend to do so may also
apply. However final decisions on their applications will be subject to
fulfillment of eligibility criteria).
Joint ventures and limited partnerships would be eligible for SBIRI support
where the entity created meets the above requirements.
Deadlines: Announced periodically on website
Documents needed: 10 copies including one duly signed original copy +
soft copy (CD or file through e. mail) are required.
Other details:
Interest will become due from the date of release of funds to industrial
partners. Repayment of the loan component by the Industry/ies to DBT/SMA
shall be in ten equal annual installments and recovery shall commence six
months after the scheduled completion of the project.The project
implementation period shall be the moratorium period and during this
period, there shall be no liability for repayment of installments of loan and
interest.

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73. Department of Scientific and Industrial


Research
I Background
Name of the Scheme: Technology development and demonstration
program (TDDP)
Established: NA
Website: www.dsir.gov.in
Contact details: Shri R. R. Abhyankar, Scientist G and Head (TPDU)
Department of Scientific & Industrial Research, Technology Bhavan, New
Mehrauli Road, New Delhi-11O 016. Ph: 011-2686 3805, Fax: 011-2696 0629
Email: rra@nic.in
Brief Summary: The scheme aims to-(a) Development and demonstration
of innovative need-based technologies for making industry competitive, and
(b) Strengthening the interface between industry, R&D establishments and
academic institutions

II Investing Profile
Type of assistance: Grant
Quantum of Assistance: Provides partial financial support. Primarily covers
prototype development, cost of pilot plant, cost of process equipment
development, test and evaluation of products, user trials etc.
Area/Sector Focus: Any innovative area leading to significant industrial
application, such as sustainable energy, affordable health, water, green
transportation, electronics, telecommunications, auto-components, new
materials, machine tools, food processing,etc.

III Application Details


Application process: Proposal in the prescribed format given on the
website should be forwarded by chief executive or managing director.
Eligibility requirements:

149

A registered company more than three years old, having a healthy


financial track record;

Consortium of registered companies (as above) with any scientific


establishment. However, industry will be the focal point, primarily
responsible for the project;

Preference to companies whose in-house R&D units are recognized by


DSIR. Such companies are eligible for customs duty and excise duty
exemption on goods imported for R&D.

Companies are required to enter into an agreement before


disbursement of funds.

The proposals can be made by industrial units, either on their own or jointly
with research/ educational institutions. If the projects involve collaboration
with/assistance from national research/educational institutions, international
bodies/companies, individuals, the proposals should clearly highlight the
scope of work and responsibilities of each entity participating in the project.
MoUs between the concerned entities, towards this should be submitted.
Deadlines: Announced on website periodically
Documents needed: Project proposal
Other details: NA

74. Haryana Financial Corporation


I Background
Name of the Scheme: General Term Loan
Established: NA
Website: www.hfcindia.org
Contact details: HARYANA FINANCIAL CORPORATION
Bays 17-18-19, Sector 17-A,
Chandigarh - 160017
Phone :- 91-0172-2702755-57
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Fax :- 91-0172-2702666
Email :-mdhfc@airtelmail.in
Brief Summary: The Corporation provides loans to sole-proprietary,
partnership and private limited/public limited companies. The loan is
provided for setting up new micro, small and medium enterprises for
expansion /diversification/modernisation etc. of existing units and also for
activities eligible for assistance such as professional practice/consultancy
venture and service sector units such as tourism related activities, hospitals,
nursing homes, polyclinics, hotels/restaurants/marketing and industrial
infrastructure projects.

II Investing Profile
Type of assistance: Loan
Area/Sector Focus: Micro and Small Enterprises

III Application Details


Application process: You can download the Loan Application Form from the
website, but downloaded form duly filled must be sent alongwith demand
draft of Rs.100/- (Rupee One Hundred Only) favoring "Haryana Financial
Corporation" as cost of Loan Application Form.
Eligibility requirements: Only such companies, whose aggregate paid up
capital and free reserves do not exceed Rs.30.00 crores, are eligible for
financial assistance from the Corporation.
Deadlines: NA
Documents needed: A number of documents are needed which have been
listed on the website. Visit this link to find out morehttp://www.hfcindia.org/html/id1.htm
Other details: Debt Equity ratio (maximum) 2:1. Security- Exclusive first
charge on all the assets to be created out of the loan. Collateral security
and/or third party guarantee (s) may be asked depending upon
location/merits of the project.Interest rate is 13% p.a. subject to change at
the discretion of Corporation.

151

75. Himachal Pradesh State department


I Background
Name of the Scheme: General Loan Scheme
Established: NA
Website: www.himachal.nic.in
Contact details: HBCFDC
PWD Rest House Road, Kangra
Himachal Pradesh
Pin code - 176001
Telephone: 264326, 234329
Fax : (01892) - 264329
Brief Summary: In this scheme, the loan is disbursed under 4 sectors i.e.,
Small Business Sector, Agriculture & Allied Sector, Transport Sector & Service
Sector for 52 Schemes approved by the NBCFDC, New Delhi. At present, the
loan amount of each project is shared @ 85% by NBCFDC, 10% by the
HBCFDC and the remaining 5% by the beneficiary. The loan is repayable in 5
years in 20 equal quarterly instalments. Interest rate is lower than the banks.

II Investing Profile
Type of assistance: Loan
Area/Sector Focus: Small Business Sector, Agriculture & Allied Sector,
Transport Sector & Service Sector as approved by NBCFDC

III Application Details


Application process: Approach office of Himachal Backward classes
finance and development corporation along with proof of age and caste.
Eligibility requirements: 1. The loanee should be a permanent resident of
Himachal Pradesh.
2. He should belong to any of the Backward Classes.
3. His age should not be less than 18 years or more than 55 years.
152

4. He should not be a defaulter of any Bank/Loan providing agency/Financial


Institution.
5. His family income from all sources should be less than Rs. 40,000 in Rural
areas and Rs. 55,000 in Urban areas.
Deadlines: NA
Documents needed: As mentioned in the application Form
Other details: NA

76. Karnataka State Financial Corporation


I Background
Name of the Scheme: General Term Loan
Established: NA
Website: www.ksfc.in
Contact details: Karnataka State Financial Corporation ,
KSFC Bhavan , 1/1 Thimmaiah Road ,BANGALORE 560052
Karnataka
Phone: +91 80 22263322
Fax: +91 80 22250126
Email: info@ksfc.in
Brief Summary: KSFC gives financial asssistance to set up tiny, small,
medium and large scale industrial units in the Karnataka State. The
Corporation extends term loans to new & existing units upto Rs. 500 lakhs
for corporate bodies and registered co-operative societies. Term loans upto
Rs. 200 lakhs are sanctioned to proprietary, partnership and joint hindu
undivided family concerns.

II Investing Profile

153

Type of assistance: Loan


Area/Sector Focus: MSI/SSI

III Application Details


Application process: Contact their branch offices for application forms and
details.
Eligibility requirements: For establishment of new Tiny/SSI/MSI/ Service
Units and for Expansion/ Modernization/ Diversification of Existing Units.
Deadlines: NA
Documents needed: Along with the Project Profile and Bio-data and
Networth statements, the promoter is required to submit copies of the
following- Constitutional details, Land details, KIADB/KSSIDC, Building details,
Plant and machinery etc. Refer website for documents required under each
head.
Other details: Interest rates 13.50%, however loan taken after 01-02-2010
shall be entitled to certain concession.

77. Kerala Financial Corporation


I Background
Name of the Scheme: Term loan assistance to Industrial units coming
under micro/small enterprises
Established: NA
Website: www.kfc.org
Contact details: Kerala Financial Corporation
Vellayambalam Thiruvananthapuram 695033, Kerala, India
Phone: +91-471-2318319 (7 lines)
+91-471-2311750/ 2729293
Email: kfc@kfc.org
Brief Summary: The main objective of KFC is the rapid industrialization of
the State by extending financial assistance to Micro, Small and Medium
Enterprises in manufacturing and service sector.
154

II Investing Profile
Type of assistance: Loan
Area/Sector Focus: Micro and Small industrial units

III Application Details


Application process: One can download application from website or same
from their branches.
Eligibility requirements: NA
Deadlines: NA
Documents needed:
1. KFC loan application form duly filled in all respect (Two Nos.)
2. A detailed bio-data of each of the promoters and co-obligants in the
format enclosed. (two copies each)
3.Signature and photographs of the promoters and co-obligants attested by a
Gazetted Officer in the format enclosed (two copies each).
4. Affidavit on stamp paper worth Rs.50/- showing all personal assets and
liabilities of all the promoters and co-obligants in the prescribed format
(enclosed) duly attested by any advocate. (original + one copy each).
5. Two photostat copies of the Acknowledgement of filing Entrepreneures
Memorandum (EM) or relevant document from DIC.
6. Copies of I.T.returns filed by the promoter / co-obligant for the last 3 years
(two copy each).
7. Sanction letter/feasibility certificate from KSEB regarding the required
quantity of power and estimated cost of power connection including
contribution to KSEB (Two copies). 8. Last three year's audited balance sheet
and profit and loss account of the unit and other all existing concerns of
promoters, if any. (two copies). 9. Letter addressed to bank with whom the
promoters are associated, authorizing KFC to obtain confidential information
about the promoter from the bank (two copies) 10. Letter from bank
regarding working capital availability. (original + one copy) 11. Competitive
quotations and catalogues for all machinery / equipment's / furniture etc.
from three reputed manufacturers / suppliers. (two copies each) 12. Vehicle /
Chassis body quotation from the firm you prefer (two copies each). 13.
Copies of plan and detailed estimate of project building (industrial building /
Commercial complex / Hotel Building / Resort / Godown etc.) 14. Permission /
approval, if any required from local bodies for construction of the above said
building (two copies). 15. License from local bodies for starting and running
155

the unit. (two copies) 16. Project report regarding the proposed project /
Scheme / Line of activity. 17. Two copy of Electoral Identity Card or Passport
or PAN card of promoter and co-obligant.
Other details: Maximum amount of loan- For micro units Rs 18.75 lakhs and
for small units Rs 800 or 2000 lakhs.

78. National Innovation Foundation


I Background
Name: Micro Venture Innovation Fund (MVIF)
Established: NA
Website: www.nif.org.in ; The URL to regional GIAN sites arehttp://north.gian.org/mvif, http://west.gian.org/mvif.php
Contact details: GIAN-North (Grassroots Innovation Augmentation Network
- North)
Chief Innovation Manager, Science Park, Shastri Nagar, Vigyan Udyan Marg,
Jaipur -302016
Mobile No: 9314904161 Tel No. 0141 2304161
E-mail:- gian_n@gian.org
GIAN (GUJARAT GRASSROOTS INNOVATIONS AUGMENTATION
NETWORK)
Bunglow No: 1, Satellite Complex, Nr. Satellite Tower, Mansi Cross Road,
Premchand nagar Road, Satellite, Ahmedabad 380015, Gujarat, India.
Telephone No: 91-79-26769686 Telefax No. 91-79-26760398
Email at: gian@gian.org

Brief Summary: The objectives of MVIF are as below:

Provide a means of finance for innovation and traditional knowledgebased micro-ventures, which are generally not given any priority by
other Venture Capital Funds and Financial Institutions (FIs).
Provide a means of finance for managing the technology development
life cycle.
156

Offer innovative and flexible Financing Options for the seed capital and
working capital requirements. These could be tailor-made to the needs
of grassroots entrepreneurs and enable them in minimizing the
financial risk associated with their ventures.

II Investing Profile
Type of assistance: Loan
Quantum of assistance: Case based
Area/Sector Focus: Agriculture, Natural resource management, animal
science, innovation from artisans and households

III Application Details


Application process: Contact regional offices of GIAN
Eligibility requirements:

Should be an Accepted entry at NIF, which means it should be an


unaided, Green, Grassroots technological innovation or a traditional
knowledge practice from a person having non-professional background
with established ownership of knowledge.
The technology should be practically workable/demonstrable as per the
original claims made by the innovator.
Should be a cost effective, overall efficient and effective (e.g. reduces
drudgery) solution to any problem as compared to existing
solutions/products
Should have foreseeable market demand and good commercial
potential.
Should have novelty either in Form, Function or Feature or all of the
above, but may or may not be a patentable item
Having high social impact would be advantageous.
Special preference would be given to technologies originating from
and/or for women, handicapped, other marginalized sections of our
society.
Special preference would also be given to NIF awarded innovations.

Deadlines: NA
Documents needed: As mentioned in application forms
157

Other details: NA

79. North Eastern Development Finance


Corporation Ltd
I Background
Name of the Scheme: Project Finance
Established: NA
Website: www.nedfi.com
Contact details: Basundhra Enclave, B.K. Kakati Road, Ulubari ,Guwahati
781 007 Assam
Ph: 91 361 252 9202-6, 246 1007, 245 3006
Fax: 91 361 252 9178, 252 9338
Brief Summary: To provide long term finance for the establishment of new
industrial, infrastructure, agri-horticulture, fishery and animal husbandry
projects as well as expansion, diversification and modernization of existing
ones.

II Investing Profile
Type of assistance: Term loan
Area/Sector Focus: Agriculture and allied sectors

III Application Details


Application process: A company or entrepreneur, seeking to establish a
new venture or expand an existing enterprise can approach NEDFi by
submitting a Preliminary Project Proposal. After this initial contact and a
preliminary review, NEDFi may proceed by requesting a Detailed TechnoEconomic Feasibility Report or Business Plan to determine whether or not to
appraise the project. The proposal can be submitted to NEDFi's Branch
Offices nearest to the project location at the respective states or to NEDFi's
offices in Guwahati.

158

Eligibility requirements: Industrial concerns conforming to the definition


in Section 2 (c) of the IDBI Act, Infrastructure, Agro-horticulture, Fishery and
Animal Husbandry projects. Also it must meet the following criteria

The project must be located in the North East of India.


It must be financially and economically viable.

It must be technically sound.

It must benefit the local economy.

It must be environmentally and socially sound.

Deadlines: NA
Documents needed:
1.
2.
3.
4.

Loan Agreement.
Deed of hypothecation.
Personal guarantee from main promoters, wherever required.
Undertaking from the promoters for -Meeting overrun/shortfall in the
project cost/means of financing and Non-disposal of shareholdings by
the promoters
5. Undertaking from MD for non-receipt of commission, if company is in
default to NEDFi.
6. Resolution under Section 293 (1)(a) and 293(1)(d) of the Companys
Act.
Other details: Minimum assistance: NEDFi ordinarily finances projects with
loan component of Rs.25 lakh and above. However smaller projects in
innovative fields and in the hill states are also considered. Maximum
assistance: Normally, NEDFi can consider up to maximum exposure of 10% of
paid up capital & reserves. Security: First charge on movable and
immovable fixed assets.

80. Orissa State Financial Corporation


I Background
Name of the Scheme: Term Loan
Established: NA
Website: www.osfcindia.com
159

Contact details: OMP Square


Cuttack, ORISSA
Pin 753003
Tel (Finance): 91-0671-2443529
Email: osfcho@osfcindia.com
Brief Summary: The organization provides financing on priority basis
enterprises in the small scale sector, enterprises located in the backward
areas, technical entrepreneurs, women entrepreneurs, SC / ST / OBC
entrepreneurs, enterprises in the thrust areas like mineral, agro and food
processing, electronics and software industries identified in the Industrial
Policy of Orissa, export oriented or import substitution enterprises,
enterprises utilizing local resources, enterprise having high employment
potential.

II Investing Profile
Type of assistance: Loan
Area/Sector Focus: Activities as mentioned under SFC Act. The broad
scope includes food processing among others.

III Application Details


Application process: Loan Application forms, formats for affidavit,
memorandum of information, checklist for common documents can either be
downloaded from the web site of the corporation or purchased from the
branch office of the corporation on payment of Rs.500/- or the amount to be
fixed from time to time.Filled in application in duplicate shall be submitted by
the entrepreneur/applicant to the Branch Manager of the concerned branch.
Eligibility requirements: Loan to new Entrepreneurs:

Promoters having loan from other F.I.s / Banks, and their account
being regular but new to the Corporation are eligible for finance for
expansion/modernisation/diversification of existing viable units or
for setting up new viable projects in the State of Orissa.
The new promoters should have sound financial background,
adequate cash in hand/bank to bring in required equity, adequate
business experience and having made satisfactory arrangements
for working capital and marketing the products for consideration of
160

finance. The net worth to the extent of 100% of loan applied for
should generally be insisted upon.
Deadlines: NA
Documents needed: Available in detail on website
Other details: Rate of Interest shall be fixed on the basis of rating by the
Corporation and the applicability of the rate shall be as per the
prevailing interest structure of the Corporation on the date of 1 st
disbursement. The security shall be- Personal guarantee of the
promoters (+) first charge on the financed assets or first charge on
pari passu basis on the joint financed assets (+) collateral security.

81. Punjab Financial Corporation


I Background
Name of the Scheme: General Loan Scheme
Established: NA
Website: www.punjabgovt.nic.in
Contact details: Punjab Financial Corporation
95-98, Bank Square,Sector 17-B, Chandigarh
Phone Nos: (0172) 2709295, 2709296, 2709298, 2702425,2708405,
2708420,
2708435,2708495 Fax: (0172) 2702664,2709297
Email: pfcchd@sify.com
Brief Summary: This scheme is for setting up new small and medium scale
units, for expansion modernisation, diversification of existing units and for all
activities eligible for assistance under the scheme including professional
practice/consultancy venture and service sector units such as tourism related
activities, hospitals, nursing homes, poly clinics, hotels, restaurants,
marketing and industrial infrastructure projects and marketing outlets and
showrooms etc.
161

II Investing Profile
Type of assistance: Loan
Area/Sector Focus: New enterprises in Small and medium sector,
expansion, diversification and modernization of units.

III Application Details


Application process: Contact the branch offices for application and details.
Eligibility requirements: All forms of organisation in medium / small scale
sectors i.e proprietorship, partnership, company, co-operative society etc are
eligible for assistance under this scheme. The cost of project in respect of
service sectors units should not exceed Rs. 10 crore and for manufacturing
units the maximum limit is Rs. 12 crores, depending upon the categorisation
of the corporation. Under agro industry includes- Tissue culture, floriculture,
pisci culture, poultry and hatchery.
Deadlines: NA
Documents needed:
Other details: Interest rate is linked with the refinance rate of SIDBI. Loans
are advanced against first registered mortgage of fixed assets of the
industrial concerns. The Corporation also stipulates personal guarantee of
the directors in case of companies. Depending upon the risk perception,
adequate collateral security is asked for.

82. Small Farmers Agri Business Consortium


I Background
Name: Venture Capital Assistance Scheme
Established: NA
Website: www.sfacindia.com
Contact details: Small Farmers Agri-business Consortium, NCUI Auditorium
Building, 5th Floor, 3, Siri Institutional Area, August Kranti Marg, Hauz Khas,
New Delhi 110016
162

Ph. 26966017/37 Fax : 91-11-26862367


Email : sfac@nic.in
Regional Offices:
Regional Project Coordinator
Assistant Public Information Officer
Small Farmers Agri-Business Consortium, Regional Office, 3rd Floor, Jain
Complex, G.S. Road,
Near Dispur old Post Office,
Guwahati-781005.
Telefax: 0361-2340337
E-mail: sfacroghy@sify.com
Brief Summary: To promote investments in agri-business projects with the
participation of banks:
a) Equity participation in agri-projects upto 10% of the total project
cost, or 26% of the total project equity or Rs.75 lakhs whichever is
lower.
b) In special cases, higher equity possible for Projects located in hilly
and North Eastern States and in Projects recommended by State
agencies/ State SFACs.

II Investing Profile
Type of Assistance: Equity
Quantum of Assistance: 10% of project cost or 26% of equity or Rs 75
lakhs whichever is lower
Area/Sector Focus: Agriculture and allied sectors like horticulture,
floriculture, minor forest produce, plantation crop etc

III Application Details


Application process: Firstly one is required to take a bank loan from any
nationalized bank. Thereafter with DPR, loan agreement etc the bank shall
forward it to SFAC.

163

Eligibility requirements: a) Project should be in agriculture or allied sector


namely horticulture, floriculture, medicinal and aromatic plants, minor forest
produce, organic farming, vermi compost, apiculture, plantation crops, and
fisheries. However, poultry and dairy projects will not be covered under the
scheme.
b) Project should provide assured market to farmers/ producer groups
c) Project should encourage farmers to diversify into high value crops, to
increase farm incomes
d) Project should be accepted by banks for grant of term loan
Deadlines: NA
Documents needed: NA
Other details: The following is the link to a contact list of 24 State SFAC
which could be contacted for regional fundinghttp://www.sfacindia.com/state_sfac.asp

83. Tamil Nadu Industrial Investment


Corporation Limited
I Background
Name of the Scheme: Micro/ Small Enterprise Funding Scheme
Established: NA
Website: www.tiic.org
Contact details:
The Tamilnadu Industrial Investment Corporation Limited,
New no :692, Anna Salai, Nandanam,
Chennai-600035, Tamilnadu.
Contact Phone: 091-044-24331203
Fax Number : 091-044-24347209
General Email Address : tiicltd@vsnl.com

164

Brief Summary: The aim of the scheme is to extend financial assistance to


New / Existing Units in Micro and Small Enterprises with overall project outlay
of Rs.50.00 lakhs (including existing project outlay). The purpose of
assistance is creation of Fixed Assets.

II Investing Profile
Type of assistance: Loan
Area/Sector Focus: New enterprises in Micro/ Small sector

III Application Details


Application process: The entrepreneurs shall apply in the prescribed
application form obtained from Head Office or Branch Offices of the
Corporation on free of cost together with the particulars required for the
processing of the Application
Eligibility requirements:
a. New Enterprises in Micro / Small scale sector for manufacture,
preservation or processing of goods irrespective of location and service
sector projects except SRTO (Like Hospitals, Fast Food restaurant etc.)
b. Existing Micro and Small Scale Industrial Units and Service Enterprises,
undertaking Expansion, Modernization, Technology Upgradation and
Diversification irrespective of locations.
Deadlines: NA
Documents needed: As mentioned in application form
Other details: The rate of interest is 13.5 % p.a while security to be
furnished will be as per the policy guidelines. The quantum of loan is as
follows:
1. For New Units
Term Loan - 80% of Project Cost - Maximum of Rs.40.00 lakhs.
2. For Existing Units
Term Loan - 75% of Project Cost - Maximum of Rs.37.50 lakh

165

84. Technology Development Board


I Background
Name of the Scheme: Fund for technology development and application
Established: NA
Website: www.tdb.gov.in
Contact details: The Secretary,
TECHNOLOGY DEVELOPMENT BOARD
Department of Science and Technology
Ground Floor, A-8, USO Road,
Qutab Institutional Area, New Delhi - 110 067
Telephone No. 26537349, 26540111 Fax No. 26531862, 26540137
Brief Summary: The Technology Development Board invest in equity
capital or gives soft loans to industrial concerns and other agencies, as
applicable, attempting development and commercial application of
indigenous technology, or adapting imported technology to wider domestic
application.

II Investing Profile
Type of assistance: Equity, Grants and Loan
Quantum of Assistance: The expenditure provided for includes:

Development, test and evaluation necessary for establishing proof-ofapplicability of product, process or application.
Costs of a capital nature including cost of acquisition of technology of
foreign origin which is at "proof-of-concept" or design stage requiring
substantial indigenous technology development.

Fabrication, testing and trial of prototypes.

Setting-up pilot/demonstration plant including testing and trials.

Industrial product design.

Field trials (including limited market development, except as standalone activity)

166

Setting-up the first or demonstrator commercial scale manufacturing


unit using the innovative technology.

Cost of studies, surveys and blue or grey-collar training necessary or


incidental to the above.

R&D / engineering consultancy for prototype / pilot plant / trials and


testing.

The expenditure incurred by the applicant before the date of application shall
not be reimbursed.
Area/Sector Focus: The type of projects include:

Development and commercialisation of a new


product/process/application through indigenous technology.
Significant improvements in the existing product/ process/ application.

Substantial quality upgradation, reduced material consumption,


reduced energy consumption, cost reduction, improved
competitiveness, improved ergonomics.

Development and deployment of technology or design to satisfy


existing occupational health and/or safety standards, or improve upon
them.

Development and deployment of technology or design necessary to


satisfy domestic or foreign environmental requirements or standards
current or anticipated.

Development and deployment of technology or design necessary to


satisfy the requirements of domestic legislation, and/or decisions of the
judiciary or product liability legislation in export markets.

Adaptation/modification to product/process which has been imported


so as to make it suitable for wider domestic application.

Replacement of imported raw materials/components with indigenous


substitutes.

Proving the socio-commercial viability of new and/or renewable sources


of energy commercially delivered to consumers.

Development of technology to meet the medical standards and proving


socio-commercial viability of bio-medical equipment and devices.

Hazardous, waste recycling management.

III Application Details


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Application process: Applications and necessary supporting documents


should be submitted to the Secretary, Technology Development Board, in the
prescribed format (which can be download from website). It must be sent in
10 copies.
Eligibility requirements: The following shall be provided funds;

Commercial enterprises, (excluding sole entrepreneur sole


proprietorship concerns) cooperatives and other agencies are eligible
to seek money from the Board for the development and application of
technology-based product or service.

If the project is for the commercialisation of technology, developed by


a domestic R&D institution, the enterprise should apply, along with an
agreement signed by the R&D institution willing to transfer the
technology.

If an enterprise has developed the technology with the assistance of an


R&D institution (listed in 2.2 above), the application to the Board by
such enterprise or its associate will also be considered (contract or
joint or sponsored research).
Applications from enterprises, with or without any, other partners
(listed in 2 2 above), for commercialization of indigenous technologies
may be considered if the project is for commercialization of technology
developed through the financial support provided under Home Grown
Technology (HGT) /Mission projects / Technology Vision 2020
implementation projects of Technology Information, Forecasting and
Assessment Council (TIFAC) or under the Programme Aimed at
Technological Self Reliance (PATSER) of DSIR or under the
Technopreneur Promotion Programme (TePP) jointly operated by DSIR
and DST.
Start-up companies and/or technocrat-entrepreneurs, with or without
any other partners (listed in 2.2 above), in agricultural product
processing, information technology or designing and developing
special engineering machinery are encouraged to apply for projects in
these areas.
Where legal title to domestically generated intellectual property is held
(or filed for) by an individual generator (e.g. inventor) of such property
or by an industrial concern, such individual or industrial concern shall
also be eligible to apply
If the activity adapting and commercialising imported technology,
financial assistance from the Board may be provided for :-

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1. effecting crucial modifications for wider domestic applications through


an R&D institution (listed in 2.2 above) or through an individual (2.6
above) and/or.
2. Further development of commercialisable technology imported when
that technology is at proof-of-concept or design stage.
Deadlines: NA
Documents needed: Application should be submitted with following
detailsProject details and applicants track record ,Expected output ,Expected
quantified benefits, Potential customers ,Expected capabilities and linkages
with R&D institution(s) ,Socio-economic and environmental impact
assessment
Other details: NA

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Annexure Activity based finance


Find included herein a brief of organizations providing part financial assistance or
activity based finance for marketing, production, making investment in machinery,
research development etc for new or existing businesses.
Agriculture and Processed Food Products Export development Authority
( APEDA)-This Apex organization for agriculture and food products export provides
financial assistance for market development, infrastructure development, quality
and research development to registered exporters and for APEDA Scheduled
Products only. Website: www.apeda.com
National Horticulture Board (NHB) - The organization provides finance for
technology development and transfer for promotion of horticulture and capital
investment subsidy for construction/ modernization of cold storage etc. Website:
www.nhb.gov.in
The Marine Products Export Development Authority (MPEDA)- The
organization provides financial assistance under the aegis of export production,
development or modernization of new infrastructure facilities and market
promotion. Website: www.mpeda.com
EXIM Bank ( SME & Agri Finance)- Exim Bank has a dedicated Agri Business
Group to cater to the financing needs of export oriented companies dealing in
agricultural products. Financial assistance is provided by way of term loans, preshipment/post-shipment credit, overseas buyers' credit, bulk import finance,
guarantees etc. Term loans with varying maturities are provided for setting up
processing facilities, expansion, modernization, purchase of equipment, import of
equipment/technology, financing overseas joint ventures and acquisitions etc.
Website: www.eximbankindia.com
Rajasthan Financial Corporation The Corporation provides financial assistance
for meeting working capital requirements, for marketing of SSI products, asset
financing etc. Website: www.rfconline.org
Department of Animal Husbandry, Dairying and Fisheries- This department
under the ministry of Agriculture provides venture capital assistance for poultry. This
scheme is implemented through NABARD. The activities funded includeestablishing poultry farms with low input technology birds, feed mill, egg/broiler
carts etc. Website: www.dahd.nic.in

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Ministry of Micro, Small and Medium Enterprises (MSME)- The ministry


implements through NSIC the scheme of marketing assistance for individual
entrepreneurs. The assistance is provided for activities like participation in or
organization of exhibition in foreign countries. Website: www.msme.gov.in
National Small Industries Corporation ( NSIC)- The Corporation provides
finance under the scheme of working capital finance, equipment leasing scheme
etc. The schemes are exclusively for existing and financially viable SSI units
including ancillary units, duly registered as SSI units with the Directorate of
Industries. Website: www.nsic.co.in

Note for Readers


This Investor Directory is the work of Villgro Innovations Foundation. For
any query or request for inclusion of any organization/ fund/ scheme meeting
the objective of this Directory please contact the following:
Contact Address:
Villgro Innovations Foundation
3rd Floor, IIT Madras Research Park Building,
Kanagam Road, Taramani,
Chennai - 600113.
Phone: 91-44- 66630400
E-mail: info@villgro.org
Website: www.villgro.org

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