38th International Trade Fair In Delhi Has Began

hindi.indiatvnews.com
hindi.indiatvnews.com

NEW DELHI: 38th International trade fair has begun in Pragati ground, Delhi and it will continue till 27th of November, 2018. Traders from all across the globe will come to participate in trade. Inaugurated on the birth anniversary of our first Prime Minister of India Mr. Jawaharlal  Nehru by the Minister of Union Commerce and Industry Minister C.R.Chaudhary near hall no.7 on Dhawani Theater with the presence of Union Culture Minister Mahesh Sharma on the day of inauguration.

googly365.com
googly365.com

This year the theme of the trade is based on “Rural Industries in India”. In which Make In India, Swachh Bharat, Digital India, Kaushal  Bharat, and startup India will be showcased. Jharkhand is the focus state of the trade fair 2018 with Afghanistan being partner nation and Nepal has been kept in focus country other than this China, Hong Kong, Iran, Myanmar, South Africa, South Korea, Thailand, Turkey, and United Arab will also take part in fair. This year entry of Pakistan traders has been restricted.

exhibitionshowcase.com
exhibitionshowcase.com

On the fair, “Hunar Haat “ will be organized by Minority Minister which will run till 27th  November. Many artisans, craftsmen, artisans from across the country will participate in the trade fair.

 

For the first time, The product of Chhattisgarh, Namada and Chinon silk of Jammu and Kashmir will be available.

This year only 20% area of Pragati Ground is utilized for the trade fair.The structure of the fair is quite short as compared to the previous year because govt is trying to develop Pragati ground for International Meetings. Like every year, the first four days from 14th to 17th November will be open for trade visitors. The concept of the fair is focused on the Rural and Small Industries. Fair will be organized in the Hall no. 7,8,9,11,12 &12A. The main theme of the trade fair is showcased in the hall no.7.

First, four days of the trade fair will only open for traders and industrialist. In this four day price of the ticket is Rs.1800 per person and after that from 18th to  27th November fair is open for everyone. Entry passes on the weekend is Rs.120 for adult and Rs.60 for children and on working days the price of the ticket will be Rs.60 for adult and Rs.40 for children. Entrance tickets are available on every metro station except Pragati metro station. Trade fair will be open from morning 9.30 AM till evening 7.30 pm.

 

Loan Up To Rs. 1 Crore For All MSME Traders In Just 59 Minutes

www.news.digiintern.com
www.news.digiintern.com

Now applying for the loan has become more easy and convenient for all MSME traders and the one who wishes to start a new business in just 59 minutes you can avail a loan for up to INR.1 crore starting from INR 20 lakhs in a hassle-free way at click on government recognized portal psbloansin59minutes. An initiative by Prime Minister OF India Shri. Narendra Modi, which is a Historic support and Outreach Initiative for MSME sector to revolutionize in Ease Of Doing Business for all small trader.

PM. Narendra Modi also unveils 12 key initiatives for growth and expansion in Ease of Doing Business and also mention the rise of Ease of Doing Business Ranking from 142 to 77 in 4 years with the major announcement for the betterment of MSMEs sector.

There are 5 key aspects of facilitating the MSMEs factor. This includes access to credit, access to the market, technology up gradation, ease of doing business and sense of security of employees in New India where one didn’t need to regularly visit Bank repeatedly said by Finance Minister Ms. Arun Jateily.

The major announcement made by the Prime Minister on Access to Credit was launching 59 minutes loan portal in easy access to credit for all MSMEs traders. An in-principal approval will be granted through this portal in just 59 minutes without paying an extra charge of Registration. Link to the portal is available on GST portal. The platform is directly connected to CGTMSE scheme.

On his second announcement, he mentions 2% interest subvention for all GST registered MSMEs and increase in an interest rebate from 3% to 5% for all exporters who receive a loan in the pre-shipment and post-shipment period.

 

The third announcement made was for all companies with the turnover of more than 500 crores to be compulsory brought under Trade Receivables e-Discounting System (TReDS) which will resolve the problem of cash cycle by easy access to credit from the bank for their upcoming Receivables.

No registration fee required to apply for loan anyone can easily apply for the loan in just 59 minutes. For existence Business Borrower should be GST, IT complain and must have six months Bank statement Facility. Eligibility to the loan is determined by the Income/Revenue, Repayment capacity, Existing Credit Facilities and any other factors as set by lenders.

In- Approval receipt would be generated in 59 minutes after successful registration into the portal and uploading necessary documentation as required to access to credit which includes GST Identification number, Income Return in XML format, Bank statement for last six months in pdf format and Director/owner details: Basic, Personal, Educational and ownership details and after successful registration  in-approval receipt will be generated in 59 minutes and after successful verification of document loan will granted within 5-7 working days  from any selected partner Bank as chosen by you during registration at a Rate of interest starting from 8%onwards .

No Collateral required to access the loan, anybody can access to credit under CGTMSE scheme. Link to the portal is available on MSME samadhan, GST portal, Aadhar, Gem – Government e-marketplace, Pradhan Mantri Mudra Yojna, and Udyami Mitra-Empowering MSME. The loan can be avail from any partner bank they wish to avail from.