Lets Fund every entrepreneur: Is this the right way to go??

Hello Veena, I agree with your idea. Entrepreneur can always go with public issue to raise the fund. Most of the company grown with public fund only. Reliance also one among the company. All the best and good luck.

K Rajagopalan. 

Yes, it depends on entrepreneur's ability and projects.

Yes Veena all the enterprenure start up proposal is to be seen in greater details and I think if somebody submits a proposal he or she will do it with a project report so if thats sounds to work say within next two years the proposal should be funded. This in turn will create more job opportunities.

May be 10% will not get the support and funds still 90% is a humangous figure.

It is good to fund the entrepreneur, at the same time, the project needs to be looked into and monitored for success

Hi Veena,

I have been a businessman for 12 years (from 1990 to 2002), I failed because I could not get the finances / funding when the enterprise needed it, what did I do? I went for loan-shark financing & which broke me / my enterprise, still trying to recover from the after shocks.

In India to do a business you need poitical backing, otherwise it just do not work, I have a personal experience to vouch for this.

I started my company at the age of 24 & ran it till I was 36, but finance was a big hurdle inspite of having a order book of 1.5 INR Crores & having a employee strength of 200 plus persons, banks were hesitant to lend me OD/Loan/etc., even against collaterals.

I never wanted to leave India, but I was forced to by our financial institutions, okay, now I am in UAE working for a good comapny, no regrets.

However, there is no day I ruminate & rue the turn of events. I wanted to have an enterprise which will also create jobs/wealth for few of my fellow citizens as well as for the investors (which I did for a decade) but there was absolutely no support from government or financial institutions (public/private).

Now, I wish I am in India & in my 3rd or 4th year of business (out of my 12; yeah! time machine!) just so that to generate new ideas, business plans which, I am sure will at least have a fair hearing from institutes/persons like you.

YES, I do support your opinion that every enterpreuner needs to be heard & supported if she/he deserves it vis-a-vis her/his business model is viable.

With best regards,

Nithya

Thanks Veena. We should see our goal what we want creation of jobs or creation of wealth plus jobs. If we have creation of jobs in our mind than the case of Indian govt is very much ripe. Where very big organisation were formed with very much fanfare and later were sold to the private enterprises because they could not sustain themselves. This should not be our aim. Jobs will be created automatically. Our aim should be to create a business class. Who have business sense and etiquettes. Depending on this idea we should fund every business. Funding for this type of entrepreneurs should be done. And they have every right for it.