The goal of PMKK facilities is to provide young Indians with the chance to learn useful skills in the workplace and help them make a better living.

PMKKs receive assistance with their initial investment if they meet certain criteria. National Skill Development Corporation (NSDC) provides financial assistance as a secured loan for every Pradhan Mantri Kaushal Kendra.

 The model training facilities aim to:

• Develop institutions that show the strategic value of competency-based learning for skill development.
• Skills delivery emphasises quality, consistency, and connectivity with stakeholders.
• Transforming a mandate-driven model into a sustainable one.

About Pradhan Mantri Kaushal Kendras (PMKK)

The MSDE intends to establish a prominent and aspirational training facility model. The Pradhan Mantri Kaushal Kendra is the name of this incredibly cutting-edge facility. The goal is to make India the most skilled country globally. These centres offer vocational training in every region of the country.

This program offers placement support as its primary characteristic, so trainees can have financial assistance from the scheme until they find a job. Over ten million young people in India have benefited from the scheme. 

• The MSDE established Pradhan Mantri Kaushal Kendra (PMKK), and NSDC acts as an implementation body. The organisation established the centre in every Indian district. These centres contain the necessary equipment for high-quality, industry-focused courses. The NSDC emphasises providing value that motivates PMKK and provides opportunities to find a job.
• The initiative aims to create a uniform infrastructure to deliver skills training, emphasising employability and aspirational value.

Purpose of Pradhan Mantri Kaushal Kendra (PMKK)

The Pradhan Mantri Kaushal Kendra holds the following positions:

• PMKK has the resources necessary to offer industry-driven classes of a high standard, emphasising employability, and generate an inspirational value for training in the development of skills. 

• Establish standardised institutions. They will serve as a motivating catalyst for acquiring new skills. It depends on the level of competency.
• To create a professional procedure, emphasise the quality, connection, and longevity with shareholders.
• Change the mandate-driven model into a realistic one.

Pradhan Mantri Kaushal Kendra (PMKK) Features

• Each Pradhan Mantri Kaushal Kendra will be equipped with a training facility ranging from 3,000 to 8,000 sq. ft., based on the population of the district.
• A framework and a regulatory structure are necessities for every centre. 
• The centres of Pradhan Mantri Kaushal Kendra will offer classes to meet the educational needs of the local youth.
• The training centre will be equipped with cutting-edge technologies such as

1. Smart classes,
2. Specialised laboratories,
3. Biometric attendance, etc.

• The PMKK centres will offer support for

1. Counselling
2. Mobilisation
3. Placement cell and
4. IT communication

• The facilities will provide housing support. It will be carried out under the Pradhan Mantri Kaushal Vikas Kendra (PMKVY) guidelines.
• The Pradhan Mantri Kaushal Kendra will adhere to PMKVY principles to provide required training in manufacturing trades.

Funding Support

As per the project’s process, applicable regulations, and rules, loan assistance will only be granted to a separate legal organisation, such as a business, society, or trust. It is not feasible for any organisation that has been barred from active participation in a project by the state or federal governments, any state statutory authority, or a public sector endeavour to submit a proposal, either directly or through an Associate. The prohibition must still exist as of the date of the Proposal.

Capital Expenditure

NSDC will offer finance in the form of a subsidised secured loan per facility centre, up to 75 per cent of the total investment for the project, to cover expenses only related to the following:

• Infrastructure for training, including the acquisition of plant, machinery, and equipment
• Instructional aids and related materials
• Civil work comprising the installation of prefabricated structures and the renovation of existing structures

Operations Support

Dedicated training numbers under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) or its successor schemes will guarantee the long-term viability of the training centres. For example, in the Pradhan Mantri Kaushal Vikas Kendra plan, the PMKK will be guaranteed a training authorisation for three years, according to the centre’s capacity and use.

Components of Pradhan Mantri Kaushal Kendra (PMKK)

Pradhan Mantri Kaushal Kendra is an initiative launched by the Ministry of Skill Development and Entrepreneurship to ensure a streamlined infrastructure for training and skills development delivery. This infrastructure will be equipped to access industry-driven high-quality training with an emphasis on employability, and it will also start creating aspirational importance for skill training. In addition, PMKK is to develop the ecosystem for short-term training into a viable institutional system.

1. Branding

Each facility must use the same brand name, logo, and measurements to ensure uniformity. In addition, they must adhere to the NSDC website’s branding requirements.

2. Coverage

The NSDC will use a centred methodology on clusters when allocating districts and establishing centres. The training partners are the ones who will be accountable for establishing PMKKs in each district.

3. Location

The facility should be situated in an area with access to public transportation and streetlights. Additionally, the centre can be searched on the NSDC site.

4. Biometric enrollment

A biometric gadget is used to keep track of everyone participating in the training and the trainers. To keep track of attendance, they must have an Aadhaar card.

Every single centre is required to follow the scheme-specific criteria, which are the ones that will be utilised to keep track of attendance and monitor participation.

5. Facilities

Three categories establish the structure of the PMKK. They are the

• Category A – 3000 sq. ft.
• Category B – 5 000 sq. ft.
• Category C – 8000 sq. ft.

6. Hostel accommodations

The hostel facilities of the centre will be selected based on Pradhan Mantri Kaushal Vikas Kendra criteria or other MSDE initiatives.

7. Infrastructure

The PMKK will use the most up-to-date and advanced training methods. They’re Sector Skill Council-specified. The training equipment, including biometric attendance tracking and smart classrooms, will be used.

8. Center assessment

Each facility will be evaluated for compliance with the branding structure and regulations. 

9. Consultation, placement, and participation spaces

The following will be available at all PMKK centres:

• Separate cells for placement and counselling.
• Mobilisation
• Coordination of placements with companies or businesses in the industry
• Aspirant and parent counselling, etc.

10. Smart classes

Each PMKK centre must include one room with internet and audiovisual equipment. This allows the centre to provide visual training, webinars/seminars for the industry, etc.

Read more:

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The objective or goal of the Stand Up India Scheme is to make the process of bank loans easy between 10 lakhs and 1 crore for at least one woman borrower per bank branch and at least one Scheduled Tribe (ST) or Scheduled Caste (SC) borrower for establishing a greenfield enterprise. The enterprise might be in the sector of trading, services, or manufacturing. But when it comes to non-individual enterprises, at least 51% of the controlling stake and shareholding must be undertaken by either a woman or SC/ST entrepreneur. 

Features of Standupmitra

PM Mr.Narendra Modi launched the Stand Up India Scheme in Apr 2016. This scheme helps women, and all lower caste people to become entrepreneurs by applying for loans. Check out some of the important features of standupmitra scheme:

• The scheme is covered under an initiative introduced by the DFS (Department of Financial Services), a Ministry of Finance to promote entrepreneurial projects.

• It provides an amount ranging from Rs. 10 lakhs to Rs. 1 crore as a loan which even includes working capital for establishing a new enterprise.

• This scheme provides a RuPay debit card for withdrawing the credit.

• Also, it claims that each branch of the bank should facilitate an average of two entrepreneurial projects that is one for a woman entrepreneur and the other for SC/ST.

• Below this scheme, there is a formation of a corpus of Rs. 5000 crore through NCGTC for the guarantee of credit.

• It even has refinanced window through SIDBI (Small Industries Development Bank of India) with an initial amount of Rs. 10,000 crore.

• The individuals who apply for the scheme will know about the online platforms as well as other resources of factoring services, web-entrepreneurship, e-marketing, and registration.

• A web portal has been formed to help individuals with support services and online registration.

• It supports the borrowers by offering extensive assistance for pre-loan training such as factoring, facilitating the loan, marketing, and so on.

• It can also be an advantage for the ongoing schemes of other Departments.

• The bank would maintain the credit history of the borrower so that the cash is not utilized for any personal use.

• The scheme will be led by SIDBI (Small Industries Development Bank of India) with the participation of the DICCI (Dalit Indian Chamber of Commerce and Industry). Other sector-specific institutions will also be involved along with DICCI.

• The key purpose of the scheme is to offer benefits to the institutional credit structure by getting to the minority sections of the people with the initiation of bank loans in the non-farm sector.

• There would be an operational and pre-loan phase for the scheme and the officials would assist individuals throughout these phases.

• To provide financial assistance, an initial amount of Rs. 10,000 crore will be given to the Small Industries Development Bank of India (SIDBI) under this scheme.

• The scheme offers margin money of up to 25% for the composite loan to help the credit system reach out to the businessmen.

• The designation of SUCC (Stand Up Connect Centres) will be rendered to NABARD (National Bank of Agriculture and Rural Development) and SIDBI.

Eligibility for Start-Up India Scheme

Have a look at the eligibility for Stand Up India Scheme which is as follows:

• The applicant should have an age of more than 18 years.

• The benefits of the scheme are only eligible to women entrepreneurs and SC/ST individuals

• Non-individuals like existing businesses and organizations are also eligible for the scheme application.

• Only greenfield projects can register for the Stand Up India loan scheme.

• The borrower should not default at any financial or bank institution.

• Above all, about 51% of the controlling stakes and shareholding of the enterprise should be carried out by either SC/ST and/or women entrepreneurs.

Steps to Apply Online for Startup India Loan

To apply for Startup India Loan online, you would need to follow the steps given below:

Step1: Go to the Stand Up India portal at www.standupmitra.in to read and understand the details of the scheme properly.

Step 2: Hit on the button ‘Register’ and then you would need to answer a set of questions asked.

Step 3: You would be categorized either as Ready Borrower or Trainee Borrower based on your response.

Step 4: You will get feedback regarding the eligibility of the loan applicant.

Step 5: As per the eligibility, you can then register on the portal and log in.

Step 6: Once you log in successfully, you can see a dashboard so that you can proceed with further actions.

FAQs about Standup India Scheme

What is the origin of the “Stand Up India” scheme?

The Stand Up India scheme is an initiative announced by the Indian Prime Minister on August 15, 2015, to present bank financing for greenfield organizations promoted by SC/ST/women entrepreneurs. The scheme would be carried out through a 1.25 lakh bank branch network of scheduled commercial banks all over the nation.

Who are the eligible clients and borrowers for the Stand Up India scheme loan?

Women entrepreneurs and/or SC/ST who are establishing new organizations can take the benefit of loans below the Stand-Up India scheme. Generally, the target clients eligible for this scheme are none other than the projects in the agri-allied activities, manufacturing, or the trading sector.

What is the security requisite below the Stand Up India scheme?

Besides the hypothecation or mortgage of the primary asset received out of the loan, the loan can also be secured by CGSSI (guarantee of Credit Guarantee Scheme for Stand-Up India Loans) or collateral security as determined by the banks.

What is the repayment duration below the Stand-Up India scheme?

Under the Stand-Up India scheme, the repayment tenure of the composite loan is decided as per the useful life of assets bought with a bank loan and nature of activity but not to go beyond 7 years with an optimum moratorium duration of 18 months.

What are the salient features of CGSSI (Credit Guarantee Scheme for Stand Up India)?

Details:
One can access details from the website of NCGTC at www.ncgtc.in and then go to the link of Products & Services and choose Credit Guarantee Scheme for Stand Up India (CGSSI) – scheme notification.

Eligibility:
The NCGTC (National Credit Guarantee Trustee Company) should cover assistance of up to 100 lakh and over 10 lakh that includes working capital extended by liable lending institutes to a single liable borrower after signing a contract with the Trust without third party guarantees or such sum of money and any collateral security as might be determined by the Trust from time to time.

What is the difference between the SMILE Scheme and the Stand Up India Scheme?

Stand-Up India Scheme is introduced to be operated through 1.25 lakh branches of the bank in the nation whereas the SMILE Scheme is operated only via SIDBI to invest in projects that rise in 25 recognized sectors under the Make in India program for existing as well as new units. The loan size of the minimum term for new units is 25 lakh under the SMILE Scheme whereas it is up to 100 lakh and over 10 lakh especially for women/SC/ST entrepreneurs establishing greenfield projects.

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This is where the ground-breaking CLCSS (Credit linked capital subsidy scheme) steps in. This article includes information on the CLCSS, including the benefits available, the eligibility requirements, and how to apply.

What is CLCSS Scheme?

For technology up-gradation of Micro and Small Enterprises (MSEs), the Ministry of Micro, Small and Medium Enterprises (M/o MSME) has launched a subsidy scheme called Credit linked capital subsidy scheme (CLCSS). This scheme’s main goal is to help Small Scale Industries (SSI) grow and develop in both rural and urban areas. A large percentage of SSI units are still using outdated technology and equipment. The Scheme aims to help SSI units, such as tiny units, Khadi units, village units, and coir industrial units, upgrade their technology by providing an upfront capital subsidy. SSIs are given a capital subsidy to modernize their production equipment (plant and machinery) and techniques.

Key Features of the CLCSS

• Businesses can receive up to a 15% subsidy on eligible machinery investment under the CLCSS (up to a maximum of Rs. 1 crore).
• Only businesses that have invested in eligible plant machinery using term loans from the pre-approved list of PLIs are eligible for the 15% subsidy (Public Lending Institutions).

• The subsidy is also available to industries transitioning from small to medium scale due to additional loans under the CLCSS.

Benefits of Credit Linked Capital Subsidy Scheme

SSI industries benefited greatly from this scheme. The following are some of the advantages:

• The main goal is to assist in the up-gradation of technology in Tiny and SSI units in the specified products / sub-sectors as notified by the Government of India by providing a 15% capital subsidy for eligible plants and machinery investments up to Rs 1 crore.
• Many non-productive industries have benefited from the implementation of this scheme.
• This scheme applies to existing SSI Units as well as newly registered SSI Units.
• The plan would include the following technologies, needs, products, and sub-sectors.

Eligibility to apply for CLCSS

• Under the scheme, a capital subsidy of 15% on eligible plant and machinery will be available only for projects where term loans have been approved by an eligible PLI.

• Assistance is available to industries that are upgrading from small to medium scale as a result of additional loan approval under the CLCSS.

• Export-oriented and labour-intensive new sectors/activities will be considered under this scheme, and eligibility for a capital subsidy is not linked to any refinance scheme for nodal agencies.

Documents required

• Aadhar card / Voter ID / PAN card
• Address proof
• Business proof
• Recent photographs
• KYC documents

Steps to apply for CLCSS using the capital subsidy scheme application form

The following steps need to be followed to apply for CLCSS:

• The applicant must apply through a Primary Lending Institution, which then submits the application to MSME for funding release – https://my.msme.gov.in/mymsme/reg/COM CLCSSAppForm.aspx.
• The applicant must then log in to the MSME website using their username and password.
• Then, on the left side, the applicant must click on the “Apply for Subsidy” link.
• Then he must carefully fill out the application form.
• The applicant can also include Equipment or Machinery, as well as their costs.
• If necessary, the form can be edited or modified later.
• It will also be checked and approved by the Nodal office.
• Finally, funds will be transferred to the nodal agencies where the primary account exists after approval.

FAQs about CLCSS

1. Who are the recipients of this subsidy program?

Private and public limited companies in the SSI sector, cooperative societies, partnerships, and proprietorships are all eligible for this scheme.

2. What is the current CLCSS revised rate?

The maximum limit for an eligible loan under the current revised scheme is Rs. 100 lakhs, which is in accordance with the subsidy limit, which is either Rs. 15 lakhs (minimum) or 15% of the total – whichever is lower.

3. Is CLCSS appropriate for medium and large businesses?

No, CLCSS is currently only available to SSIs (Small Scale Industries) or industries that have recently escalated or upgraded from SSIs to Medium Scale Industries.

4. What does CLCSS mean by passable working capital?

The procurement and eligibility of passable working capital are critical to the success of the CLCSS upgrade scheme. Rigorous institutions require a formal guarantee that the businesses that are borrowing have made satisfactory arrangements and preparations to obtain the necessary working capital.

5. Is CLCSS only for people who live in rural areas?

CLCSS can be used to treat SSIs in both urban and rural settings. It is appropriate for all small-scale businesses that want to advance technologically and receive modernized updates and upgrades for their equipment.

6. Which Nodal Agencies are in charge of CLCSS subsidy distribution?

The following Nodal Agencies oversee the distribution of subsidies:

 1. SIDBI (Small Industries Development Bank of India)

 2. NABARD (National Bank for Agriculture and Rural Development) 

3. Indian Bank 

4. Bank of India 

5. State Bank of Bikaner and Jaipur 

6. Bank of Baroda 

7. Canara Bank 

8. Corporation Bank 

9. State Bank of India

10. Andhra Bank 

11. Punjab National Bank 

12. Tamilnadu Industrial Investment Corporation.

7. Is it possible for the lending agency to impose conditions to ensure that the funds are used for the best possible management?

Yes, if the lending agency discovers that the applicant provided false information, the agency has the authority to revoke the funds that have been sanctioned.

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In this article, we will be discussing the details of the SFURTI Scheme launched by the Indian Government for uplifting our traditional industries.

Full Form and Objective of SFURTI Scheme

SFURTI – Scheme of Fund for Regeneration of Traditional Industries: In 2005, the Indian government established a program under the auspices of the Ministry of MSME with the objective of promoting cluster growth in the traditional industries sector.

Traditional industries that employ a sizable portion of the workforce should improve their productivity and economic sustainability. With the SFURTI program in place, Common Facility Centers were to be built with the goal of creating long-term job possibilities.

The SFURTI plan focuses on sectors like bamboo, khadi, and honey with the primary purpose of assisting rural craftsmen and businesses.

The Scheme’s aims are as follows:

• To cluster traditional industries and artisans in order to increase their competitiveness and support their long-term sustainability and economies of scale; 
• To provide sustained employment for artisans and rural entrepreneurs in traditional industries and clusters; 
• To increase the marketability of products produced by such clusters by supporting new products, design intervention, and improved packaging.
• To improve the skills and capabilities of traditional artisans in the associated clusters through training and exposure visits; 
• To provide common facilities and improved tools and equipment for artisans to maximize the use of infrastructure facilities; 

• To enhance cluster governance systems through the active engagement of stakeholders;
• To develop innovative and traditional talents, sophisticated technology, advanced processes, market intelligence, and new forms of public-private partnerships, to gradually replicate comparable cluster-based regenerated traditional industries.
  • To establish a multi-product cluster with an integrated value chain and a strong market-driven strategy to assure the cluster’s viability and long-term sustainability; 
  • To achieve convergence from the design stage with each cluster creation and operation activity.

• To identify and comprehend the cluster’s target consumers, appreciate their wants and ambitions, and design and offer product lines that fulfill their needs and aspirations. Significant emphasis should be placed on the customer group that values natural, eco-friendly, ethically sourced products, and the distinctiveness of Khadi and VI items.
• To create distinct product lines from the diverse basket of heterogeneous items now supplied based on an understanding of the target market category. Additionally, a brand unification exercise should be conducted to optimize the benefit.
• To make a paradigm change away from a supply-driven sales approach towards a market-driven sales model with the appropriate branding, focus product mix, positioning, and price to provide a holistic and optimum offering for each of the focus categories.

• To leverage E-Commerce as a significant marketing channel, given its reach and rising market penetration, there is a need to develop a rapid plan for establishing a presence in the E-Retail arena.
• To spend significantly on product design and quality enhancement. Standardizing the quality of inputs and processes is necessary to ensure that products satisfy quality standards. Research must be conducted to produce new textures and finishes that are compatible with current market trends.

How to Register for  SFURTI  (Eligibility, Forms Required, And Steps)

To apply for a loan under the SFURTI scheme, eligible entities/agencies/organizations must submit a proposal to the State Office, KVIC, which is then checked at the State and Zonal levels before being forwarded to the Scheme Steering Committee for final approval.

Eligibility Criteria

• Beneficiary Guidelines
• To be eligible for this initiative, applicants must be Indian nationals or permanent residents of India.

• Eligibility for Selection of Clusters
• The clusters must be based on khadi, coir, and village industries like leather and pottery. 
• In order to get the eligibility, the clusters should be geographically distributed throughout the nation, at least 10% of them must be located in northern areas.

Clusters will be chosen based on their geographic concentrations within one or two revenue sub-divisions of about 500 beneficiary households including artisans / micro-enterprises, raw material suppliers, dealers, and service providers situated throughout the districts.

Who Can Apply

• Non-Government Organizations (NGOs)
• Institutions of the Central and State Governments
• Semi-Government institutions
• Field functionaries of State and Central Govt.
• Panchayati Raj institutions (PRIs)

Steps to Apply

Step 1: Access to the SFURTI Yojana’s official website, i.e. sfurti.msme.gov.in.

Step 2- From the homepage, choose the “SignUP” option;  The screen will display the SFURTI application page.

Step 3- Now, under Choose Agency Option, select Agency Type and Organization Category;  A web browser page will display the SFURTI Registration Form.

Step 4- At this stage, provide the User Name, Email Address, Address, Pincode, State, District, Password, Mobile Number, and Verification Code.

Step 6- After that, click the Submit button to complete the registration.

Step 6- After logging into your SFURTI account; request a new proposal with the relevant details and documentation.

Step 7- Finally; click the SFURTI Proposal Form’s Submit button.

Important Document to Apply Online

• Aadhar card
• Residence certificate
• Income certificate
• Passport size photograph
• Mobile number
• Bank details

Summary of SFURTI Guidelines

Indian Govt announced the formation of a fund for traditional industry regeneration, with an initial investment of Rs 100 crore, intending to increase the productivity and competitiveness of traditional industries while also fostering their long-term growth. Following this statement, a Central Sector Scheme called “Scheme of Fund for Regeneration of Traditional Industries (SFURTI)” was sanctioned with an estimated cost of Rs 97.25 crore. The Ministry of Micro, Small, and Medium Enterprises (MSME) and its organizations executed the Scheme in collaboration with state governments, their organizations, and non-governmental organizations (Khadi and Village Industries Commission-KVIC and Coir Board).

The cluster governance mechanisms would be strengthened with the active engagement of stakeholders. Approximately 70 clusters would be established across the nation under the SFURTI plan, with a total investment of Rs. 149.44 crores. Furthermore, the 12th Five Year Plan states that about 800 clusters are envisaged with support from the Government of India and the Asian Development Bank. The Government of India has allocated three years for each cluster’s project implementation.

FAQs about SFURTI Scheme

1. What is the highest amount that SFURTI can sanction?

The plan allows for a maximum of 8 crores in funding to cover soft, hard, and theme interventions. It qualifies for a cluster with a minimum of 1000-2500 craftsmen.

2. What is the maximum time frame for project completion?

The scheme allows for a maximum of three years to complete the project. This is the maximum time limit in which the project must be completed.

3. Whether the working capital will be provided?

Yes. 20% of the hard intervention cost will be utilized towards the Working Capital corpus.

4. Who can serve as Technical Agencies (T.A.)?

Only established national/regional level institutions with demonstrated competence in the artisanal and small enterprise cluster development shall be appointed as Technical Agencies by the Nodal Agency (N.A.) 

5. What actions are included in Soft Intervention?

The project’s soft interventions would include activities such as

• General awareness, counselling, motivation, and trust-building
• Capacity building and skill development
• Institutional growth
• Exposition visits
• Initiatives for Market Promotion
• Product Design and Development
• Attendance at seminars, workshops, and training programs on technological advancements, etc.

6. What services are provided by Hard Intervention?

• Hard interventions will involve the establishment of the following facilities:
• Creation of Common Facility Centres (CFCs) 
• Establishment of Raw Material Banks (RMBs)
• Production Infrastructure Improvement
• Tools and Technological Improvements such as Charkha Upgrade, Tool Kit Distribution, and so on 
• Warehousing Facility
• Training Facility
• Addition of value and processing unit

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One of the biggest challenges new enterprises face is taking on a loan or credit from a bank without high interest rates or keeping some asset as a mortgage. To tackle this issue, the Credit Guarantee Fund Trust for Micro and Small Enterprises, CGTMSE was introduced. Through this scheme, micro, small and medium enterprises can avail credit or a loan from banks through easier means and hardly any paperwork. 

CGTMSE Full Form? 

The full form of CGTMSE is the Credit Guarantee Trust Fund for Micro and Small Enterprises. This scheme was introduced by the Ministry of Micro, Small and Medium Enterprises, and SIDBI, Small Industries and Development Bank of India. 

What is CGTMSE? 

Credit Guarantee Trust Fund of Small and Medium Enterprises is a scheme introduced for micro and small enterprises to avail a loan or credit without a big hassle. The main objective of this scheme is to provide mortgage free loans to small business owners for a low interest rate. 

Since small-time business owners do not have a huge reliable credit score, many times they are faced with high interest rates from banks due to which they cannot take the loan required to either start their business or expand their business. To combat this issue, the governing bodies introduced the CGTMSE scheme for enterprises wherein they are eligible for a loan at low-interest rates and the guarantee is taken by the governing bodies in case of default. 

The main feature under Credit Guarantee Trust Fund for Micro and Small Enterprises, CGTMSE is the collateral-free loans that small and medium enterprises can avail. Third party guarantees are also not required to avail of the benefits of the CGTMSE scheme. 

The government launched the Credit Guarantee Trust Fund for Micro and Small Enterprises to give a boost to the street vendors and hawkers. The main objective of the CGTMSE scheme is to strengthen the credit delivery system in India and facilitate the flow of credit to micro, small and medium enterprises. 

The CGTMSE scheme is useful for enterprises that require a loan, but the scheme is also useful for the lending institutions that would otherwise not be able to lend to such enterprises. The CGTMSE scheme provides graded guarantee coverage to the member lending institutions to enable them to extend credit facilities to Street Vendors and other micro and small enterprises to meet their working capital requirements.

Hence, the scheme is a win-win from both ends, the micro small and medium enterprises and also from the point of view of the lending institutions who provide the required capital. 

What are the features and highlights of Credit Guarantee Fund Trust for Micro and Small Enterprises? 

As mentioned above, the CGTMSE scheme is a collateral-free credit or loan requirement that is provided to micro, small and medium enterprises mainly to meet their working capital requirements. Due to this, some major highlights and features are very advantageous to those who provide the scheme and those who avail of the scheme. 

The highlights of the CGTMSE scheme are: 

• The CGTMSE scheme provides a guarantee for credit facilities that do not have collateral security and a third-party guarantee. This means the governing bodies take the guarantee for the credit, making the process easier for the enterprises who require the credit. 
• This scheme is available for micro, small and medium enterprises who are in the manufacturing and service industries. 
• Enterprises in the manufacturing and service industry can avail of a credit line of up to INR 2 crore under the CGTMSE scheme. 
• In the case of retail participation and them requiring a line of credit, the maximum amount of credit they can get under this scheme is INR 1 crore. 
• While the majority of the credit or loan is collateral-free, there is some amount that needs to be backed by assets. In the case of manufacturing and service, 75% of the credit not covered by collateral security is guaranteed. In the case of retail trade, the percentage is up to 50%. 
• The credit line or loans can be available from lending institutions that have tied up with the governing bodies and the CGTMSE scheme. Some of the lending institutions can be Non-Banking Financial companies, NBFCs, Regional Rural Banks, SIDBI etc. 
• The interest rate offered by the lending institutions is low compared to the general credits and loans that are available in the market due to the main objective of the scheme of providing collateral-free low-interest rate loans. 

What is the eligibility criteria for the CGTMSE? 

Since this scheme caters to the micro, small and medium enterprises industries and for the upliftment of street vendors and hawkers, they need to ensure they’re fulfilling the eligibility criteria by being in the right business and industry. 

Apart from the borrowers that need to ensure they are in the eligibility criteria, there are also eligibility criteria for the lending institutions as they need to ensure they’re a perfect match for the borrowers. 

Eligibility criteria for borrowers for credit guarantee scheme: 

• All micro, small and medium enterprises that are already in business or new and are just starting are eligible for the CGTMSE scheme 
• A business that is in the manufacturing and service industries are eligible for the scheme along with business that are in the retail trade sections. 
• However, businesses that are in Educational or training institutions and the agriculture business cannot avail of a loan under this scheme. 

Eligibility criteria for the lenders for credit guarantee scheme: 

Certain financial institutions can be eligible for the Credit Guarantee Fund Trust for Micro and Small Enterprises. Another important criterion the lender should keep in mind is that the lender should only fund viable projects that seem doable and secure the funding only on the primary security of the financed assets. 

Some of the eligible lending institutions are: 

• Public Sector Undertaking 
• Private Banks 
• Non-Banking Financial Company, NBFCs
• Regional Rural Banks 
• National Small Industries Corporation, NSIC
• Small Industries Development Bank of India, SIDBI 

What is the break up of the maximum guarantee available and how much is it for the CGTMSE scheme? 

As mentioned, while the loans are meant to be collateral-free loans, there is some percentage of the assets that the borrowers need to have for some credit criteria. This is different for women enterprises, for manufacturing and services industries and even different for the retail section. 

FAQs about CGTMSE

1. What is the full form of CGTMSE? 

CGTMSE stands for Credit Guarantee Fund Trust for Micro and Small Enterprises 

2. Is there a fee for CGTMSE and how much is it? 

Yes. There is a fee for CGTMSE. The CGTMSE fee is 0.5% of the guarantee amount for a credit up to INR 5 lakhs. And for a credit guarantee amount of INR 5 lakhs to INR 1 crore, the fee is 0.75% of the guaranteed amount. 

3. Who are eligible to borrow from the CGTMSE scheme? 

All existing and new micro, small and medium enterprises can avail of credit under the CGTMSE scheme. The businesses need to be in the manufacturing or services industries. They can also be in the retail trade. 

4. Is there a lock-in period for CGTMSE? 

Yes. There is a lock-in period for a period of 18 months once you avail of credit under the CGTMSE scheme. 

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MSME – the abbreviation for Micro, Small, and Medium-Sized Enterprises. These sectors contribute to the overall financial stability of the country. Government of India initiatives are providing small and micro-industries with perks and incentives to run their business successfully.

Recent MSME Scheme Updates:

Prime Minister Narendra Modi introduces two new MSME initiatives.

1. ‘RAMP’ (Raising and Accelerating MSME Performance) would be implemented in collaboration with the World Bank and require a five-year investment of 6,000 crores.
   
2. “Capacity Building of First-Time MSME Exporters‘ (CBFTE) scheme would be introduced to deliver international-standard products and services to the global market through export capacity building.

MSME Programs for Entrepreneurs and Startups:

The majority of MSMEs are operated by people who lack the required facilities, resources, infrastructures, and marketing relationships to market their products, resulting in their closure. The right support and advantages might help them carve out a place in a competitive market.

Thus, to encourage more persons to pursue entrepreneurial endeavours and to help them maintain a stable market position, the government of India has launched several MSME Schemes for new entrepreneurs that cover a variety of business sectors. Additionally, these initiatives contribute to increased productivity, the development of a competitive spirit among MSMEs, and the assistance of innovators.

These programs are designed to help MSMEs meet their requirements and improve their performance through incentives and rewards, empowerment of women’s activities, quality control at the source, credit provision, government subsidy plans, and much more.

MSME Schemes in India: (A) Credit Support Schemes

 With the rate of literacy rising year after year, unemployment difficulties are also rising. This program’s goal is to eliminate unemployment and encourage new business growth by giving financial assistance

1. PMEGP Scheme – Prime Minister Employment Generation Programme

PMEGP is a Government of India-sponsored credit-linked subsidy scheme that began in 2008. PMEGP is the result of the consolidation of two schemes, namely the Prime Minister’s Rojgar Yojna and the Rural Employment Generation Programme. This program aims to create self-employment opportunities for unemployed youth and traditional craftspeople through micro-enterprise enterprises in the non-farm sector.

The PMEGP Scheme is administered at the national level by the Khadi and Village Industries Commission (KVIC).

Objectives –

• Creation of long-term self-employment prospects in the country’s urban and rural locations
• Facilitating the engagement of financial institutions to increase credit flow to the microservices industry

Eligibility –

• Individuals who are at least 18 years old
• Std VIII compliance is required for projects costing more than Rs 5 lakh in the service sector and more than Rs 10 lakh in the production sector.
• Institutions that have been registered under the SRA – Societies Registration Act of 1860
• Cooperative societies based on production
• Self-help organizations and charitable foundations

PMEGP E-Portal Application –

To begin, navigate to my.msme.gov.in or kviconline.gov.in. To access the “Prime Minister Employment Generation Programme” or “PMEGP ePortal,” click the link.

2. CGTMSE Scheme – Credit Guarantee Trust Fund for Micro & Small Enterprises 

In India, MSME started CGTMSE on 30/8/2000. Under this scheme, MSMEs may be granted a loan of up to 200 lakh rupees. Women entrepreneurs that participate in this MSME loan scheme receive special attention.

Objectives –

The trust’s principal purpose is to provide financial support to MSMEs without requiring any third-party guarantee.

Eligibility –

• Both existing and new businesses can participate but they must be small or individual micro-companies are eligible.

The Application Procedure –

• The 1st and most important step in pursuing this MSME scheme is creating a comprehensive business plan that includes all financial information.
• Once the company strategy is complete, a critical selection on the lender bank to approach must be made. After making a decision, submit the application and business plan to the bank.
• When permission is granted, the business is responsible for paying the CGTMSE guarantee and service fee to the borrowers.

MSME Schemes in India: (B) Khadi, Village, and Coir Industries Development

The Ministry of MSME has created many initiatives to make way for rural crafts and goods to participate in the economic development of the country and raise the rural population.

1. MPDA Scheme – Marketing Promotion and Development Assistance

It promotes the khadi industry’s MSME sector. Additionally, the Marketing Development Assistance (MDA) program has undergone several alignments to build the scheme. MPDA will cover 30% of the prices of Khadi and Polyvastra.

Objectives –

• To help Khadi businesses sell their products.
• Financial assistance and timely disbursement of funds to Khadi units.
• Allow market segmentation for Khadi and Village items.
• Promote awareness activities, exhibitions, skills training, and workshops.
• Increase product demand.

Eligibility –

Any Khadi industry that holds a valid Khadi certificate issued by KVIC is eligible to participate in the MSME scheme. They must, however, fall within one of the A+, A, B, or C categories.

The Application Procedure –

The manufacturing institution may claim the entire amount from the KVIC, which should be allocated to stakeholders.

2. CVY Scheme – Coir Vikas Yojana

It focuses completely on the improvement of the MSME sector. As a result, it promotes the exploration of domestic and foreign export markets. Furthermore, there is a strong emphasis on women’s empowerment, entrepreneurs, skills and training, innovation, and production. Furthermore, this is a continuation of the Mahila Coir Yojana (MCY).

Objectives –

• At the grassroots level, the primary emphasis is on quality.
• Encourage the adoption of appropriate procedures for the production of high-quality fiber, yarn, and other products.
• Raising awareness among peer
• Establishing coir service units to increase productivity and quality

Eligibility –

• Any newly established coir processing unit
• Any coir processing unit certified with the Coir Board under the Coir Industry (Registration) Rules, 2008, and possessing a Udyog Aadhar number is eligible to apply for upgrading.

The Application Procedure –

You can apply online with all appropriate documentation.

MSME Schemes in India: (C) Technology advancement and quality certification

Quality and constant improvement are critical components of every business’s growth. While there should be an appropriate quality certification channel to provide reliable results, technological advancements should be made. Some initiatives are therefore formed to pave the way for technology and upgrade.

1. ASPIRE Scheme – A Scheme To Promote Innovation, Rural Industry, And Entrepreneurship

It builds incubation centers, thereby establishing a technology network. Additionally, the scheme received a total of Rs 62.50 crore in 2014-16. It gives a one-time grant of 100% of the cost of plant and machinery, infrastructure, and land. But the aid is limited to Rs 100 lakhs.

Objectives –

The motto of ASPIRE is to promote innovation in the MSME sector, in particular, fostering new businesses for unmet societal needs and providing jobs for new people.

Eligibility –

• Institutes of technology/research can act as knowledge partners in the commercialization process.
• Incubation schemes of MSME/KVIC/Coir Board/other Departments and also Private incubators.

The Application Procedure –

You may submit your application to the Ministry of MSME’s Aspire Scheme Steering Committee.

MSME Schemes in India: (D) Promotional Marketing Schemes

The Ministry of MSME has launched a few initiatives to improve marketing tactics for the benefit of MSME.

1. P&MS Scheme – Procurement and Marketing Support Scheme

This scheme aims to promote MSMEs about business growth opportunities, trade shows, and cutting-edge market tactics.

Objectives –

• Creating new market opportunities through exhibitions and fairs
• Promoting modern technology and equipment
• Emphasizing the critical role of e-portals in the SME sector

Eligibility –

MSEs operating on an individual basis in the manufacturing and service sector

The Application Procedure –

Your application can be submitted online.

Some of the popular MSME schemes 2020 implemented by the government of India 

• Udyog Aadhaar memorandum
• Zero Defect Zero Effect
• Quality Management Standards (QMS) & Quality technology Tools
• Grievance Monitoring System (GMS)
• Credit Linked Capital Subsidy Scheme (CLCSS)
• Women Entrepreneurship

MSME Registration:

The government has introduced several innovative MSME schemes 2020 and support systems to assist these businesses. Registering your company with MSME is the initial step for people who want to benefit from the above-mentioned MSME schemes. This can be accomplished both online and offline.

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What is NABARD?

The National Agricultural and Rural Development Bank of India (NABARD) is the primary development bank in the country, with headquarters in Mumbai, the country’s financial hub. With offices strategically situated around the country dedicated to rural development, the Bank is tasked with the vital responsibility of formulating and implementing the government’s financial inclusion program. As a result, this leading rural development bank has joined with other financial institutes.

NABARD’s major mission is to give financial assistance to a number of sectors other than agriculture in order to facilitate village development in India by funding important economic activities. NABARD is responsible for conducting activities for agricultural research and rural development.

NABARD Formation and NABARD Chairman

The Indian government has recognized the critical role that institutional finance plays in the maintenance of rural economies since the beginning of its strategic planning process. The Reserve Bank of India (RBI) organized a committee to assess institutional lending arrangements for agriculture and rural development in response to a request from the Indian government (CRAFICARD). On March 30, 1979, Shri B. Sivaraman, a former member of India’s Planning Commission, established the Committee for the Promotion of National Integration.

NABARD was formed on July 12, 1982, by combining the RBI’s agricultural credit and Agricultural Refinance and Development Corporation’s refinance activities (ARDC). On November 5, 1982, late Prime Minister Smt. Indira Gandhi dedicated it to the country. Its paid-up capital was Rs.14,080 crore as of 31 March 2020. NABARD is now 100% owned by the Government of India due to a change in the share capital composition.

Dr. G.R. Chintala is the new Chairman of NABARD, with effect from 27 May 2020. He was previously the Managing Director of NABARD’s Bengaluru-based NABFINS.

Functions of NABARD

• Promotion & Development

This function aids the bank in promoting credit facilities in rural areas in order to assist the needy. NABARD is responsible for providing, regulating, and monitoring rural India’s loan flow. Additionally, it has numerous divisions that contribute to its development.

• Financing& Refinancing

These include extending term loans to client banks in rural areas to agriculturists, artisans, and handicraft enterprises.

• Planning

NABARD assists other rural banks in developing their action plans through these functions. Additionally, it benefits both the agricultural and non-agricultural sectors.

• Monitoring & Supervision

It encompasses all of the organization’s responsibilities for supervising all other banks, credit and non-credit societies, and so forth.

Types of Nabard Loan

Short Term Loans

These are crop-specific NABARD loans made available to farmers through a range of financial institutions with the objective of refinancing agricultural production. This financing ensures food security for farmers and rural communities. When agricultural operations are seasonal, the NABARD plan sanctioned 55,000 crores in short-term credit loans to a variety of financial institutions in FY17–18.

Long Term Loans

Numerous financial organizations offer these loans for agricultural or non-agricultural purposes. Their duration is significantly longer than that of short-term loans, ranging from 18 months to a maximum of five years. As of FY17–18, NABARD had refinanced financial institutions to the tune of around 65,240 crores, which includes any concessional refinancing of 15,000 crores to Indian Regional Rural Banks (RRBs) and Cooperative Banks.

Some of the GOVT. Sponsored Schemes available under NABARD are as follows;

1. Farm Sector

• Dairy Entrepreneurship Development Scheme
• Capital Investment Subsidy Scheme for Commercial Production Units for organic/ biological Inputs
• Agriclinic and Agribusiness Centres Scheme
• National Livestock Mission
• GSS – Ensuring End Use of Subsidy Released
• Interest Subvention Scheme
• New Agricultural Marketing Infrastructure
• Formulation of Special Long Term Refinance Schemes

2. Off-Farm Sector

• Credit Linked Capital Subsidy Scheme
• NRLM / NULM (Deendayal Antyodaya Yojana)
• Weavers Package

The many systems that have been developed over the years have been classified into unique and compact schemes. The following is the categorization:

• Composite Loan Scheme (CLS)
• Integrated Loan Scheme (ILS)
• Self-Employment Scheme for Ex-servicemen (SEMFEX)
• Soft Loan Assistance for Margin Money (SLAMM)
• Small Road and Water Transport Operators (SRWTO)
• Rural Housing
• Renewable Energy 

These are some of the loans that come under these Government schemes;

• RIDF or ‘Rural Infrastructure Development Fund’

The RBI established the Rural Infrastructure Development Fund in response to a credit deficit in the priority sector for rural infrastructure projects. This fund’s primary purpose is the development of rural infrastructure in India, and it disbursed Rs. 24,993 crore in the fiscal year 2017-18.

• LTIF or ‘Long-Term Irrigation Fund’

This was created as part of the NABARD credit program to provide funding for a total of 99 irrigation projects through the disbursement of 20,000 crores in loans.

• PMAY-G or ‘Pradhan Mantri Awaas Yojana -Grameen’

NRIDA, or the ‘National Rural Infrastructure Development Agency,’ was granted a loan of 9000 crores under this financial scheme in order to carry out its goal of constructing pukka dwellings with all needed amenities for needy people by 2022.

• NIDA or ‘NABARD Infrastructure Development Assistance

NIDA is a subsidiary initiative of the NABARD program. It specializes in giving credit to financially sound organizations and state-owned corporations. As a result, NABARD also uses this program to refinance non-private projects.

• Warehouse Infrastructure Fund

Warehouse Infrastructure Fund assists in scientific infrastructure for agricultural commodities warehousing. NABARD initially provided a loan of Rs. 5000 in the fiscal year 2013–14. As of March 31, 2018, the total amount disbursed was Rs. 4778 crore.

• Food Processing Fund

The Indian government has committed a loan commitment of 541 crores to 11 large-scale food park projects, one integrated food park project, and three rural food processing units in India under NABARD’s food processing fund.

• Direct Lending to Cooperative Banks

NABARD has sanctioned Rs 4,849 crore in assistance to 58 Co-operative Commercial Banks (CCBs) and four State Cooperative Banks (StCBs) spread across 14 states.

• CFF or ‘Credit Facility to Marketing Federations’

This NABARD loan program encourages agricultural marketing by financially boosting marketing federations. As of 2018, such federations had received a total of 25,436 crores.

• PACS or ‘Primary Agriculture Credit Societies’

Additionally, NABARD has established a one-of-a-kind ‘Producer Organizations Development Fund,’ or PODF for short. The objective is to provide financial support to PACS that operate primarily as ‘Multi Service’.

FAQs about NABARD

1. What is the full form of NABARD?

National Bank for Agriculture and Rural Development.

2. Who is eligible to apply for a NABARD loan?

NABARD does not offer direct loans; nevertheless, to qualify for a subsidy under the NABARD scheme, you must apply for a business loan with a commercial or cooperative bank.

3. What are the banks and non-bank financial companies (NBFCs) that fall under the purview of NABARD?

Under the NABARD scheme, the following banking entities are eligible to make loans or subsidies:

• Regional Rural Banks (RRBs)
• Co-operative Banks
• Private and Public Sector Banks

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The PMEGP or the Prime Ministers Employment Generation Programme is a scheme that is introduced by the Ministry of Micro, Small and Medium Enterprises, Government of India. The scheme is implemented by the Khadi and Village Industries Commission (KVIC) at the national level. Its a credit-linked subsidy program that has been introduced in the year 2008. 

The PMEGP is an amalgamation of two previous schemes which were the Prime Ministers Rojgar Yojana and the Rural Employment Generation Programme. The entire aim and objective of the Prime Ministers Employment Generation Programme are to increase self-employment opportunities in the micro, small and medium enterprise sectors. It aims to create jobs in the non-farming sectors for the unemployed individuals and the local indigenous artists and help them scale and grow their business. 

What are the objectives of the PMEGP Scheme? 

Prima facia, the main objective of the PMEGP is to generate employment in the micro and SME sectors for the youth of the country. Through the mains of increasing employment, the scheme aims to generate income for the businesses which will in turn also help the nation in growing and contributing to the economy. 

The other objectives of the scheme are: 

• Generation of sustainable and self-employment in the urban and rural areas of the country in the micro and small enterprises sector. 
• Providing employment to large sections of the rural economy which are sustainable, continuous and receive the minimum wage through the establishment of micro-enterprises. 
• To encourage the young artisans and traditional craftsmen of rural India so as to keep the culture and heritage in check, and also reduce the overpopulating of the urban cities. 
• Encouraging and governing financial institution for better credit requirements for the micro, small and medium enterprises. 

What is the eligibility criteria of the PMEGP? 

• Any Indian citizen who is above the age of 18 years is eligible to qualify for this programme. 
• In case the individual requires INR 5 lakhs for the service sector and INR 10 lakhs for the manufacturing sector, then a mandate of passing the 8th Standard is a compulsory requirement. 
• The project has to be a new project for it to be considered in the PMEGP scheme. 
• Self-help groups, Institutions registered under the Societies Registration Act, 1860 and Charitable Trusts can also be considered for this programme. 
• Existing units or institutions that have already availed government subsidy through other programs and schemes are not eligible to avail a subsidy again in the Prime Ministers Employment Generation Programme Scheme. 

What is the scope of the PGEGP? 

• The scheme is actually open to individuals residing all over the country. While the scheme focuses on rural development, individuals from the urban cities and tier 1 and tier 2 can also apply for this programme. As long as their project falls under the micro, small and medium enterprise sector. 
• The limit to the maximum cost of the project under the manufacturing sector is INR 25 lakhs and the limit in the service sector is capped at INR 10 lakhs. 
• An individual can apply for a subsidy or assistance only for a new project. Existing projects cannot be considered. 
• The scheme is limited to only one individual per family. Multiple members of the same family cannot get subsidy for different projects. 
• There is a list of negative activities mentioned by the governing body. Assistance for any business falling under the negative activities list is not allowed. 

Features and benefits of the Prime Ministers Employment Generation Programme 

• The scheme is implemented by the Khadi and Village Industries Commission functioning body at the national level. The KVIC Directorates, the State Khadi and Village Industries Commission are responsible for governing this scheme at the state level. 
• There is no particular income ceiling that is mandatory for setting up new projects. 
• The programme is open to all individuals including SC/ ST/ OBC/ Minorities/Women, Ex-servicemen, Physically handicapped, NER, Hill and Border areas, etc.
• Once a beneficiary has been given approval for the scheme, a two-week training is mandatory for all the beneficiaries. This is to ensure they know their industry well and also how to conduct and run a business from an entrepreneurial point of view. 

Benefits of the PMEGP 

• It increases the employment and entrepreneurship characteristics of the regions and of the nation. Giving rise to more income to the smaller communities of the society. 
• The eligibility criteria for the subsidy is not very intensive giving everyone an equal and fair chance for qualifying for the subsidy. 
• Most of the industries are eligible to be a part of the scheme except a few which are already included in the negative industries list. 
• Through this scheme, the government can maintain and excel the heritage of our country and ensure we do not lose out on artists and craftsmen who have learned the skill of their industry only from their forefathers. 

Subsidy Entitlement and Nature of Assistance 

The nature of entitlement and that of assistance from the Khadi and Village Industries Commission changes depending on the category of the beneficiary and also whether they reside in the urban area or the rural area. While a major chunk of the financial assistance can be borne by a financial institution or KVIC, there is a minimum promoters contribution that is mandatory. 

List of Negative Activities that are excluded from receiving funding 

As mentioned above, there is a list of negative activities mentioned by the governing body which cannot be included in the Prime Ministers Employment Generation Program. This list of activities includes a bunch of activities that could either be harmful to the environment or the society around due to which are they excluded from assistance. 

Some of the negative activities are: 

• Any business, individual or industry that partakes in the production, supply or selling of meat and meat products. 
• Businesses or Individuals that take part in intoxicants such as paan, beedi, tobacco, alcohol are also included in the negative list due to the social damage they incur. 
• Businesses that are linked with sericulture, cultivation, horticulture and even floriculture. 
• Industries and businesses that conduct business in the plastic segment such as polythene bags, plastic with less than 20 microns are excluded, as they cause heavy environmental damage. 
• Production of Pashmina Wool, and other textiles which require spinning and hand weaving and other textiles which already come under the governance of Khadi Certification Rule. 
• Rural transportation. CNG autorickshaws are only allowed in the states of Andaman and Nicobar Islands and the North Eastern Region of the country with proper approvals and permissions from the concerned governing bodies. 

Documents Required for PMEGP and How to Fill the Form

• Aadhar Card 
• Education Qualification along with Certificate 
• Address Proof 
• In case of general or special category, a certificate in case of special category 
• Unit location 
• Proposed Unit Location Address
• Type of Activity and business proposal details 
• Bank Details 
• Loan Amount Required 

One needs to go on the My SME Website – https://msme.gov.in/ or the Khadi Village and Industries Commission website – https://www.kviconline.gov.in/. Once on the website, they need to then click on the Prime Minister Employment Generation Programme or the PGEGP ePortal and follow the steps. All the information mentioned above will be required to fill in by the individual. Once that is done they need to submit the application and wait for their approval! 

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