Industrial Subsidies Funding is a major challenge for every entrepreneur. The government promotes certain industries by providing financial assistance in the mode of subsidy to establish their initial setup. These subsidies are of several types and are offered through organizations like MOFPI, NABARD, NHB, NSC, MOT, APEDA, NHM, Spice Board, etc.
However, all subsidies are not the same. Some are geared towards SMEs, some towards MSMEs, while some are created for specific segments. Not just this, each subsidy comes with its own set of required approvals, application forms, and typical red tape-ism that is the hallmark of bureaucracy.
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