Showing posts with label funding to SME. Show all posts
Showing posts with label funding to SME. Show all posts

Sunday, March 12, 2023

Women Entrepreneurship Schemes in India

 

We keep on talking on Women Empowerment initiatives to create a hype in our thought process, but logically not making them avail existing easy funding mechanism to fulfil their dream of getting really empowered. In USA 41.8% of all businesses are owned by women, alongwith 46.8% female labour force participation. Irrespective of all these schemes by Indian government, women comprise only 14% of the total entrepreneurs in India, with only 9.32% female labour force participation. We are hereunder summarising few of Government and Banking schemes to provide venture funding for women. Bring this awareness to make Nari Shakti on entrepreneurial platforms:

(1). Women Entrepreneurship Platform (WEP):

Mentorship, network, funding, skill training, Incubation, and acceleration program offered by NITI Ayog for women to support in their entrepreneurship journey.

Upasana Taku(MobiKwik) received support from WEP, their current valuation is ~₹5700 Cr.

Kavita Shukla(FRESHGLOW Co) received support from WEP, now has customers in over 35 countries.

Shradha Sharma(YourStory) received support from WEP, is one of the leading media platforms for entrepreneurs.

Radhika Aggarwal(ShopClues) received support from WEP, their current valuation is ~₹1,000 Cr.

(2). Mahila Udyam Nidhi Yojana

MUNY Offers loans upto 10 lakh to be repaid in 10 years for supporting women entrepreneurs to set up a new MSME / SME scale venture. It is offered by Punjab National Bank and Small Industries Development Bank of India (SIDBI) and the rate of interest better than prevailing in the market.

(3). Bharathiya Mahila Bank Business Loan

This scheme offer loans up to ₹20 crores to female entrepreneurs looking to start a manufacturing business. Ease of collateral free loan upto certain amount is big attraction of this scheme. The Bharatiya Mahila Bank merged with the State Bank of India, the loan programme is still active.

(4). Dena Shakti Scheme

Offers loans upto ₹20 lakhs at an interest rate 0.25% below the base rate for building a business in sectors like Partnership firm, business, Retail stores, Manufacturing sector, Microcredit organisations, Housing, Education, etc.

(5). Stree Shakti Yojana

Offers loans upto 20 lakh for industrial sectors such as housing, retail, and education. Also allows women to avail of an interest concession of 0.05% on loans more than Rs. 2 lakh.

(6). Stand-Up India Scheme

This initiative offers composite loans between 10 lakh and upto 1 Crore to women in SC/ST categories.

Kanika Tekriwal started JetSetGo with this initiative, their current valuation is ~₹100 Cr.

Rashmi Daga started FreshMenu with this initiative, their current valuation is ~₹210 Cr.

(7). Mudra Yojana Scheme

MYS offers loans of ₹50,000 to ₹10 lakh and ideal for setting up beauty salons, starting a small shop, home-based business, or starting your dream company.

Shanti Mohan started LetsVenture with this initiative, their current valuation is ~₹270 Cr.

Ananya Jain started Chai Break with this initiative, their current valuation is ~₹50 Cr.

Dream of Indian government of USD 10 Trillion$ economy in the next 10 years can happen true only if women contribute desired portion of per capital income with men. Wish all these initiatives bring women on a new horizon, with ease of funding and strengthen your entrepreneurial dreams to come true, and wish good luck to all the incredible women, who are making this world a better place to live.

Disclaimer : This is purely a knowledge sharing article, not offering or influencing any deal or transaction or investments.
CA Yogesh Birla
Director
Birla WP Management Co.
read my blogs : www.YogeshBirlaCA.Blogspot.com


Tuesday, March 7, 2023

Long Term Investors & Stock Market - 8 Lessons

"If you are a long-term investor, you should own high- quality stocks and close your ears to the siren song of those who say a rate rise will cause you problems.*

If you are not a long-term investor, I wonder what you are doing in the stock market at all, and so will you one day."*

- Terry Smith.......The "Buffett of Great Britain"

Terry Smith, often known as the English Warren Buffett, has once again shared his annual letter encompassing ideas on investment strategies positioned to do well, views on specific stocks and thoughts on the current financial world. 

Well-known in the UK among retail investors, Smith’s Fundsmith Equity fund returned about 18.6% in 2021 and holds 28.9 billion pounds ($39.4 billion).

Here are 8 lessons that we must take from his vision :

*1) No investment strategy will outperform in every reporting period and every type of market condition. So, as much as we may not like it, we can expect some periods of underperformance.*

*2) In investment, as in life, you cannot have your cake and eat it, so it is difficult if not impossible to find companies which are resilient in a downturn but which also benefit fully from the subsequent recovery.*

*3) In our view, it would be a mistake to sell some of these good businesses in order to invest temporarily in companies which are much worse but which have greater recovery potential.*

*4) Someone once said that no one ever got poor by taking profits. This may be true but I doubt they got very rich by this approach.*

*5) We invest in companies, not indices or countries and in our view, the country where a company is listed is largely irrelevant.*

*6) We continue to apply a simple three step investment strategy: Buy good companies, don't overpay, do nothing (i.e., minimising portfolio turnover to minimise costs)*

*7) You may have heard a lot talked about the so-called 'rotation' from quality stocks of the sort we seek to own to so-called value stocks, which in many cases is simply taken as equating to lowly rated companies.*
 
*8) Inflation: It is a bit like trying to light a bonfire or a traditional BBQ on a damp day. If you put an accelerant like gasoline on it you can go from no fire to a loud ‘Whoosh!’ and find that you have also set fire to the garden fence.*

The good news is that we do not invest on the basis of our ability to forecast inflation or any other macroeconomic factor. We invest in companies not countries, indices or macroeconomic forecasts.*

Disclaimer : This is purely a knowledge sharing article, not offering or influencing any deal or transaction or investments.
CA Yogesh Birla
Director
Birla WP Management Co.
read my blogs : www.YogeshBirlaCA.Blogspot.com


Wednesday, November 30, 2022

Is Paying Dividend, a Healthy Reinvestment favouring Shareholders

 

Paying dividend may not always be the best option. Many investors are very serious about dividends and they consider receiving Dividends is very important part of their Investing. They invest only in companies that have a good dividend history and avoid other that are not generous enough with their dividends payouts. But a high dividend-pay-out ratio may not always be the best take for investors. A healthy dividend pay-out is often lapped up by markets. The stock gets a thumps up and all parties, the company and its shareholders are happy about the outcome. But dividend largesse may not always be in the favour of investors value creation mechanism. Companies could deploy that cash into existing growth opportunities to remain competitive and best in the game. According to our investing matrix, a company can utilise its cash in four ways.

First, Reinvest the proceeds back into the business

Second, Go in for related acquisition

Third, Repurchase shares and…

Fourth, finally pay out dividends

See how paying no dividend could impact the fortunes of companies; If Infosys had paid no dividends and simply repurchased shares, or developed new software and IT centres, it would have created more value for its Stakeholders, since ROI of their funds / business management is much higher that money in the hands of shareholders. Since investors will use their dividend money to buy other shares, or to buy bonds or to make bank FDR or spending. Other than spending, all other modes of reinvestment by shareholders will be lower than using that money by companies for betterment of their businesses. This concept that Utilising cash for other than dividends, is not the standard thing that is taught in the corporate finance department of our major universities. Why do we debate negatively, rather than applying this simple idea to make business stronger with internal accruals. Fund manager’s preference for no dividends do’not mean that they disapprove dividends that they gets from their investments…. but they vote in favour of more deeper value creation for shareholders.

The one thing I will tell you is the worst investment you can have is Cash. Everybody is talking about cash being king and all that sort of things. Cash is going to be come worthless over time, but good businesses are going to become worth more and costlier over time.

Disclaimer : This is purely a knowledge sharing article, not offering or influencing any deal or transaction or investments.

CA Yogesh Birla
Director
Birla WP Management Co.
read my blogs : www.YogeshBirlaCA.Blogspot.com


Friday, June 3, 2022

Importance of Digital Literacy in Education & Economy

Digital literacy is the ability to learn, understand, and adapt to technology-inclined changes in a constantly evolving digital world. The pandemic has re-emphasized the importance of being equipped with the right skill set to efficiently use technology to sustain and even preserve the “normalcy” of our day-to-day lives. The idea is to have in place a system so resilient that, despite severe disruptions, life can carry on without having to come to a screeching halt. Today, digital literacy is just as important as any other subject that children and young adults are taught at educational establishments and could even be leveraged as a teaching platform in itself.

The future has enormous potential to be transformed into a digital world; in fact, we are already witnessing a technological revolution. From ordering medicines to delivering shipments using drones, the future is set to be one where digital solutions are going to be able to cater to a myriad of requirements. The youth of today should be educated and well-versed in tech-enabled solutions as it is going to be their future. Industries across verticals have already begun adopting automated solutions that reflect a strong impact on numerous facets of their business, both internal and external. Tech will continue to govern numerous facets of our lives, from becoming a medium of teaching in itself to adopting digital solutions that provide better career and life prospects. Going forward, digital literacy is going to be an imperative aspect of our education system.

Companies which are consistently been investing in and adapting to new technology, which includes redesigning ERP to a microservices-based design and launching future-ready solutions. The intent is to make sure that decisions are based on data and not just instinct. Deploying ML also enables us to drive operational efficiencies through optimised routing, address correction, and also aids in operations by predicting volumes and manpower requirements. We keep exploring new avenues and areas where we could make use of AI and ML to impact operations and drive efficiency and optimization.

How the youth can be digitally empowered, what kind of exposure and engagement opportunities in the educational curriculum can educational institutes implement to raise the interest of youths to up-scale their digital skills, and should it become a must for schools, colleges, and other educational institutes to conduct workshops or crash-courses programmes to drive the importance of technology for businesses ???

Teaching and learning is a two-way street. The future necessitates individuals who can remain resilient by adapting to the needs of the hour efficiently. Therefore, schools and colleges must start building a technologically inclined foundation for students to help them adapt better to the world of tomorrow. The in-school curriculum must be tailored to include programmes that induct individuals into adopting tech solutions; this in turn will help them leverage their strengths to do more rewarding tasks. Currently, some institutes have an IT component as a pre-requisite course. However, the level of depth with which the subject is being taught needs to penetrate much further to truly make an impact. Courses to familiarise children with such subjects can also be introduced at an earlier stage with a much simpler explanation provided. We all begin school by learning the alphabet in order to speak fluently in any language; technology and automation should also be considered a language, allowing children to learn the basics, setting up a strong foundation for them and then banking on it to further increase their knowledge and agility in the long-run.

Having said that, schools and educational institutes can only do so much. Growth can only be witnessed if the individual is also willing to learn and invest well in themselves by looking online, finding the right courses, and actively working towards the pursuit of When asked what advice as an IT leader would he give to the youth considering their career in the technology industry, what should they know about the industry before starting their career, and what challenges they could face and how do they overcome the challenges, he said, to anyone looking to begin their careers in information technology or any of its sister streams, my only insight on this front is: opportunities and more opportunities! The industry is growing at an exponential pace, and the opportunity for career growth is optimal. Especially in a post-pandemic world, the significance of the industry has been propelled to much greater heights and shows immense promise. My only advice would be to grasp every opportunity coming your way and consistently invest in updating your industry knowledge.

Children of the present and in the future too, have and will grow up alongside technological leaps. Having said that, networking across industries and age groups will also be incredibly important. While technology and digitalization are the future of tomorrow, it is crucial to not entirely eliminate the element of human touch while interacting with a customer. Challenges on this front could arise. However, leveraging the insight of your seniors and curating solutions that are a combination of artificial and augmented intelligence is the best way forward to negate those challenges.

Getting introduced to learning more about industries and businesses early on is also a very important aspect of bridging the learning curve. This will assist students in connecting theory to real life and comprehending the impact of technology on actual business. Mentors also play an important role in guiding youth to take the right steps to achieve their goals; their experience and wisdom enrich one’s learning.

Understanding design concepts is another important step in this journey, and the earlier one begins, the better. Mathematics and physics are also important subjects to master, particularly for engineering, AI/ML, and analytics.Understanding the concepts in detail can help develop better solutions for businesses and customers in the future.

Disclaimer : This is purely a knowledge sharing article, not offering or influencing any deal or transaction or investments.

CA Yogesh Birla
Director
Birla WP Management Co.
read my blogs : www.YogeshBirlaCA.Blogspot.com



Saving Economy v/s Spending Economy; which is better……

Indians wastefully save…. Ask them to spend, on imported cars and, seriously, even on cosmetics!  This will put India on a growth curve. This is one of the reason for MNC's coming down to India, seeing the consumer spending. Does it not look true, with our traditional thought, let’s examine the same with global facts…

The Japanese save a lot.  They do not spend much.  Also, Japan exports far more than it imports. It has an annual trade surplus of over US$100 billion. Yet the Japanese economy is considered weak, even collapsing.

Americans spend a lot and save very little. Also United States of America (USA) imports more than it exports.  USA has an annual trade deficit of over $400 billion. Yet, the USA economy is considered strong and expected to get stronger.

But where do Americans get money to spend? 

They borrow from other countries like Japan, China and even India. Virtually others of the world have to save for the Americans to spend.  Global savings are mostly invested in USA, in dollars.

India itself keeps its foreign currency assets of over $50 billion in US securities.  China has sunk over $1.1 trillion in US securities.  Japan's stakes in US securities is in trillions.

RESULT :

The USA has taken over $5 trillion from the world.   

So, as the world saves for the USA - It is the Americans who are spending freely.   

Today, to keep the USA consumption going, that is for the USA economy to work, other countries have to remit $180 billion every quarter to the USA, which is $2 billion a day, to the USA!

A Chinese economist asked a neat question. Who has invested more, USA in China, or China in USA?   

The US has invested in China less than half of what China has invested in the USA.

The same is the case with India.  India has invested over $50 billion in the US.   

But the US has invested less than $20 billion in India.

Why is the world after USA?

The secret lies in American spending, that they hardly save for.  In fact they use their credit cards to spend their future income.  That the USA spends is what makes it attractive to export to the USA.  So USA imports more than what it exports year after year.

The result is…..The world is dependent on USA consumption for its growth.  By its deepening culture of consumption, the USA has habituated the world to feed on USA consumption. But as the USA needs money to finance its consumption, the world provides the money.

It is like a shopkeeper providing the money to a customer so that the customer keeps buying from the shop.  If the customer will not buy, the shop won't have business, unless the shopkeeper funds him. The US is like the lucky customer….and the world is like the helpless shopkeeper financier.

Who is America's biggest shopkeeper financier? Japan and China of course.  Yet Japan is regarded as weak economically.  Modern economists complain that Japanese do not spend, so they do not grow.  To force the Japanese to spend, the Japanese government exerted itself, reduced the savings interest rates to almost zero, even charged savers for keeping their money in the bank.  Still the Japanese did not spend (habits don't change, even with taxes, do they?).  Their traditional postal savings alone has over $1.2 trillion.  Thus, savings, far from being the strength of Japan, has become its pain.

CONCLUSION: That a nation cannot grow unless the people spend, not save. Not just spend, but borrow and spend.

This is a very Interesting article written by an Economist about the world economy. Disclaimer : This is purely a knowledge sharing article, not offering or influencing any deal or transaction or investments.

CA Yogesh Birla
Director
Birla WP Management Co.
read my blogs : www.YogeshBirlaCA.Blogspot.com



Sunday, April 3, 2022

USD v/s Rouble.... bigger trouble matrix for EU and favourable for India




Disclaimer : This is purely a knowledge sharing article, not offering or influencing any deal or transaction or investments.

CA Yogesh Birla
Director
Birla WP Management Co.
read my blogs : www.YogeshBirlaCA.Blogspot.com


Sunday, July 18, 2021

Making Profits from E-commerce Companies in Emerging India

India an emerging digital consumer market, wherein it appears to be a wonderful time if you want to be a reasonably successful internet company in India.
CA. Yogesh Birla
CA. Yogesh Birla

First, there are more unicorns being created than anytime in the recent past. It looks like practically everyone is getting funding in India. In fact, the total funding raised by startups in India this year has exceeded the previous year by a billion dollars. And we are still just in July 2021.

Second, if you are an internet company that’s been around for a while, there’s an even more attractive option—going public. Yes. For far too long, CEOs of Indian internet companies have made promises and teased the idea of wanting to do an Initial Public Offering (IPO), and finally, it looks like some of them have bitten the bullet. Zomato’s IPO is going live next week. And there are reports of companies like Paytm*, Delhivery, and Flipkart who are going down this path too.

Prime reasons are…… There’s a lot of liquidity in the private and public markets right now—which is true. Others may argue that this was inevitable, and represents the coming-of-age of internet companies, many of whom witnessed growth during the pandemic or in the case of Zomato, Flipkart, Paytm, have been operating thanks to venture capital for nearly a decade. This is the endgame. It’s here. It’s India’s moment.

All of this is true to varying degrees, but the actual reason is quite different.

It’s a secret that’s being whispered among some VCs, founders, and market researchers in India. It’s something many people have noticed, but are somewhat uncomfortable talking about openly.

And today, I’ll use it to explain why all of these companies are suddenly getting funded or going public. And along with that, we’ll also see why India’s internet sector, which boomed for over a decade with several companies going from smaller companies to unicorns and from unicorns to decacorns, will likely never see a global pure play 100 billion dollar internet company emerge anytime soon.

Here is the secret.... The number of active internet customers in India has stopped growing. This customer base represents the total addressable market for most Indian internet companies. Until now, this market was growing rapidly.

Now, this growth has essentially flatlined.

But if the number of customers has mostly stayed the same, then why are we seeing a surge in funding for these companies? And why are some companies going public?

Let’s dive in...... If you are an internet company in India and a VC asks you what your addressable market size is, you may be tempted to say that it’s 1.4 billion.

So you may say, well, it’s the number of Indians with a mobile connection in India, which is a little less than a billion. But not all of them have access to the internet. So you say, well, then, it’s the number of people who have mobile data. Which brings it down to around 400 million. But then that includes feature phone users, who can’t run most apps anyway. So you cut them out. Then users who technically have a smartphone, but it’s a smartphone in name only and can’t do much. Cut. Access to online payment mechanisms. Cut. Disposable income for consumption. Cut.

Then we remove the ones who have used their phones just to do digital transactions like, say, transfer money to each other or recharge their mobile plan. Also those who use it just as a free media consumption device, like watching videos on TikTok or YouTube.

After all of this, you’ll end up with an estimate of the number of annual active customers (AAC) in India. These are the users who have access to the internet through a smartphone, use mobile apps, have some disposable income, and have bought something online at least once a year. E-commerce. Shopping. Food Delivery. Rides. Subscriptions.

Well, if you really stretch it, it’s about 70 million users (realistically, it’s closer to 40-50 million, but more on this later). That’s about the population of the United Kingdom.

There are empirical ways to validate this. A great proxy is the number of postpaid mobile users in India, which is around 50 million, who form the bulk of this base. There are multiple reports from a couple of years back which validate this 50 million number as well. Maybe it’s grown since then to, say, 70 million users, but that’s more or less where the outer limit is today. According to a source I spoke to, that’s also more or less the number of unique customers who have bought a product at least once last year on the biggest horizontal e-commerce platforms in India—Amazon or Flipkart.

Essentially, if you want to make money online in India, you’ll need to take it from these 70 million users.

Well, let’s see. Broadly, these 70 million users can be broken down into three categories, assuming it’s a pyramid.

Level C : India’s entry shoppers. At the lowest level, with the broadest base, comprising roughly 40 million users.

These users are the ones who have bought something online, but have done it very sparingly. Maybe once or twice last year, and they have done it because they heard that one gets a good deal online for a really important purchase, which is usually a mobile phone. They buy one product, and almost never buy anything else online, certainly not from websites outside the big horizontal e-commerce players.

Level B : India’s occasional shoppers. At the middle level, comprising roughly 20 million users

These users may buy something online, but will venture outside online shopping very, very sparingly. Think of users like our moms and dads, who spend money online to get food from Zomato as a treat, or maybe take an Ola once a month if they are feeling particularly generous.

Level A : India’s California users. At the highest level, comprising 10 million users

If you are reading this, you are likely in this category. You are a digital native. You buy nearly everything online—from products, to groceries, to food. You may even have a Netflix subscription. You are the elite user—the one with a lot of spending power, and who is comfortable buying that lipstick from Nykaa or that cold brew from that fancy direct-to-consumer startup in Indiranagar, Bangalore. You probably use Dunzo, and maybe even pay your bills on CRED.

This is the customer everyone desperately wants, especially because India’s California users punch above their weight. They may be just 15% of the active transacting customer base, but according to one founder I spoke to, they account for nearly 40% of the money spent by this pyramid.

Again, there are ways to triangulate this. In its recent pre-IPO report, Zomato, which is a food delivery service and had a strong use-case during a pandemic, reported an average monthly transacting user base of...10 million users. Netflix has about 3 million subscribers in India (and has started tapping out) CRED claims to have about 6 million. Amazon Prime has 6-7 million users.

10 million users. …..That’s the population of Sweden.

The reason why everyone is fighting for the same users is because this base of 70 million users isn’t growing as rapidly as it should. The growth of this pie is tied to one thing, and that’s the per capita GDP of India. If more Indians make wealth, then more people will fall into this consumer pyramid. Right now, that does not seem to be happening fast enough. Here’s a graph of the GDP per capita growth of India. Notice the growth rates below in green bars. See how they’ve gotten smaller with time.

India’s current per capita GDP is a little over $2,000 right now. There’s a direct link between the per capita GDP and the number of active transacting customers online. And it’s not linear. 

Take China for instance, which has a per capita GDP of around $10,000. That’s five times of India. Alibaba, their largest online horizontal commerce platform, has an active transacting customer base of 800 million users. 

India has just a tenth of that, assuming the best case scenario.

And this was before the pandemic. We still don’t know the full impact of Covid, but it has almost certainly set us back by several years, with millions thrown back into poverty. China, on the other hand, has rushed ahead. Remember, any growth we may have seen in the GDP per capita has also almost certainly been inequitable— it’s gone to the rich people and less to the poor. This is likely why we probably haven’t moved much from the 70 million number.

All of this leads to a few implications........

Implication 1 : Horizontal players like Flipkart and Amazon are at the outer limits

Both of them have practically captured most of this pyramid, and are now in the business of trying to maximise repeat purchases or even a second purchase from a large part of the 70 million of this pyramid, and a first purchase from those outside it.

This does not mean that they won’t grow. They will. But it will be a long, hard, and expensive grind.

Implication 2 : The rise of vertical-specific players from this 50-70 million pyramid

Any new internet company has to play within this pyramid, and the more successful ones are creating use-cases for verticals. Food Delivery. Rides. Fashion. Groceries.

The best part is that winning that vertical is good enough. If a company is able to get just 2-3 million users, especially from that top 10 million India-Californian customers, they are golden. Take Licious, which recently reported that it had delivered to over 2 million users. Poof. Unicorn.

Take my money, says the VC. You are a market leader in that vertical, so I’m going to back you.

This is one of the reasons why leaders in individual verticals are getting a surge in funding. VCs have decided that winning a vertical is good enough for now, and so they are backing the leaders.

But why? Because...

Implication 3 : It doesn’t take a lot to compete in a vertical and stay competitive

Remember that these 10 million users aren’t value conscious. They are product and service conscious. If something is a better product, these users switch to it. Everyone was buying cosmetics and beauty on Myntra and Flipkart until Nykaa came along. Licious took money away from offline groceries. Pharmeasy took money away from medicine stores.

You don’t need a lot of money to stay competitive if you are a vertical leader. Maybe $200-300 million a year tops, according to the aforementioned founder I spoke to. It’s a no-brainer for a VC to fund a vertical leader for that amount and give them a unicorn valuation.

This is why we are seeing a sudden rise in unicorns in India. Salaries go through the roof. All these companies are competing for the same talent in India. The pie of qualified, smart developers in India is also not growing.

Implication 4 : However, at a certain point, it gets harder to justify valuations from VCs

From a VC standpoint, returns are expected over a 3-5 year period. And that’s why we’ll see the rise of many unicorns in India, and maybe even a couple of decacorns, but no more.

There are limits to vertical companies. And that limit is 10 million users. Once a company hits that number, very few private capital players are willing to fund companies because it’s clear that the next level of growth is going to take a long, long time.

Much more than 3-5 years, which is a typical VC horizon.

Implication 5 : So some companies go public

At this point, companies just choose to go public. Public issue markets have more liquidity, and they have more patience with companies, which need a place to wait it out until the pie grows, which may take 7-10 years. And if VCs can’t wait that long, maybe the public will.

The question is how many companies can enter into the public issue market, and at what point does the valuation stop making sense, even for an excited public market.... That’s the real question based on entrepreneurial capabilities with smart working professionals....

Year 2021 & beyond.......

~ Data is new oil

~ Technology is new consumption

~ Equity is new real estate

~ Rural is new middle class

~ Retail is new institution


~ Small to mid quality companies will be chased

~ Famed sectors of old days will face slow death

~ Millennials dictating the trend

contributed by : (expert advisor for raising private equity and entrepreneurial funding for innovative start-ups)

CA Yogesh Birla
Director
Birla WP Management
read my blogs : www.YogeshBirlaCA.Blogspot.com




Sunday, May 16, 2021

RBI Loan Restructuring Plan 2.0 - लोन एवं EMI कोरोना राहत 2021

CA Yogesh Birla



पिछले वर्ष 2020 की तरह इस वर्ष भी कोरोना की दूसरी लहर से Loan की EMI भरने वालो को राहत देने हेतु Reserve Bank of India ने 6 मई 2021 को Restructuring Plan 2.0 के तहत, नई स्कीम की घोषणा की है ।

Restructuring Plan 2.0 में 25 करोड़ रुपए तक के व्यक्तिगत कर्जदार, छोटे कारोबार और MSME को राहत दी गई है। एक ही शर्त है कि 31 मार्च 2021 को Loan Account - Standard होना चाहिए……. यानी उसमें किसी तरह का Default नहीं होना चाहिए। इस प्लान के तहत कर्जदार को अपने बैंक से संपर्क करना होगा और वे दो साल तक का Moratorium ले सकेंगे। इसके लिए आवेदन करने की Last date 30 September, 2021 तय की गई है।

  •  यदि आप अपने लोन की EMI नहीं चुका पा रहे हैं तो 31 सितंबर 2021 तक अपने बैंक से संपर्क कर सकते हैं… Loan Restructuring option पर बात कर सकते हैं।   
  • बैंक आपकी बची हुई लोन राशि, आपके रीपेमेंट ट्रैक रिकॉर्ड, आपकी आय आदि को ध्यान में रखते हुए, आपका लोन रीस्ट्रक्चर कर सकता है।    
  • इसमें अधिकतम दो साल तक का EMI Holiday या Loan Repayment Period बढ़ाना शामिल है।     
  • जिन लोगों ने पिछले साल रीस्ट्रक्चरिंग का लाभ उठाया, वे भी नए मोरेटोरियम के तहत अपने लोन रीपेमेंट पीरियड को दो साल बढ़ा सकते हैं।

लेकिन, लोन रीस्ट्रक्चरिंग के लिए आवेदन देने से पहले इतना ध्यान रखें कि :

  • अगर आप बिना रीस्ट्रक्चरिंग के भी अपनी EMI को चुका सकते हैं तो रीपेमेंट पीरियड बढ़ाने या मोरेटोरियम की कतई न सोचें।        
  • EMI हॉलीडे से लेकर रीपेमेंड पीरियड बढ़ाने तक का फैसला बैंक का होगा।·        
  • रीस्ट्रक्चरिंग प्लान की शर्तें बैंक तय करेगा। जब वह आपको योग्य समझेगा, तभी रीस्ट्रक्चरिंग प्लान को मंजूरी देगा।·        
  • रीस्ट्रक्चरिंग प्लान को अंतिम हथियार के तौर पर चुनें। यह स्थायी राहत नहीं है।·        
  • किसी भी मोरेटोरियम या रीपेमेंट पीरियड बढ़ाने का आवेदन करना आपके लिए महंगा साबित होगा क्योंकि इससे आपको अधिक ब्याज चुकाना होगा।·        
  • आप रीस्ट्रक्चरिंग प्लान ले रहे हैं तो पता कर लें कि आपको कितना ब्याज अतिरिक्त चुकाना होगा। उसे ध्यान में रखकर आप जल्द से जल्द उसका भुगतान करने की योजना बनाएं। इससे आपको अधिक ब्याज का भुगतान बैंकों को नहीं करना होगा।

अगर आपने Home Loan Restructuring कराया तो कितना ज्यादा ब्याज चुकाना होगा ???

  • अगर आप रीस्ट्रक्चरिंग का विकल्प चुनते हैं तो आपका रीपेमेंट पीरियड दो साल बढ़ जाएगा। यानी अगर 20 साल का लोन है तो 22 साल तक उसका रीपेमेंट करना होगा।·        
  • अगर ब्याज दर 8% ही रहती है तो 25 लाख रुपए के बकाया पर आपको approx 3 लाख और 50 लाख रुपए के बकाया पर 6 लाख रुपए additional interest चुकाना होगा।        
  • Interest Rate and Outstanding Amount के आधार पर आपके अकाउंट में लगने वाला Additional Interest कम या ज्यादा हो सकता है।·        
  • आपको यह भी देखना होगा कि बैंक आपको रीस्ट्रक्चरिंग के वक्त क्या ऑफर दे रहा है। यह ऑफर रीपेमेंट हिस्ट्री, क्रेडिट स्कोर और बकाया राशि के आधार पर हर कर्जदार के लिए अलग-अलग हो सकता है ।

निश्चित जानकारी हेतु अपने Bank या Loan देनेवाली संस्था से संपर्क करें।  यहाँ लिखित तथ्य, सिर्फ आपकी जानकारी हेतु है, यह किसी ऑफर या बाध्यता हेतु नही है ।

contributed by :

CA Yogesh Birla
Director
Birla WP Management
read my blogs : www.YogeshBirlaCA.Blogspot.com