Moon Financial Consultant & Co

Moon Financial Consultant & Co Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Moon Financial Consultant & Co, OFFICE: NAYASARAI, TUNDIUL, NAGDI, RANCHI, Jharkhand.

05/02/2023

Jharkhand Industrial Promotion Policy 2021.

Incentives for Agro and Food Processing Industries (as per Jharkhand Food Processing Industry Policy 2015)

1) Agro based Food Processing and / or Meat Processing Units (New Unit, Modernisation, Upgradation, Expansion & Diversification) 35%-45% INR 5 Crores

2) Cold Chain, Value Addition and Preservation
Infrastructure 35%-50% INR 7 Crores

3) Interest subvention @ 6% for 5 years and every
year subsidy will be paid to the Bank /FI directly, Subject to a maximum of Rs. 2 crores 6%-7% INR 2 Crores

4) Primary Processing Centres / Collection Centres in Rural Areas
50%-75% INR 2.5 Crores

5) Mega Projects in Food & Meat Processing (more
than Rs. 30 crores (excluding Working Capital)) 35%-45% INR 12 Crores

6) Interest subvention for a period of 7 years and every year subsidy will be paid to Bank/FI directly for the Mega Projects
6%-7% INR 3 Crores

7) Establishment and Modernisation of Meat and Fish Shops 50%-75% INR 5 Lakhs.

Regards:
Moon Financial Consultant & Co

05/02/2023

Incentives to Auto Sector (as per Jharkhand Automobile & Auto Component Policy 2016)

Incentive Details (Chapter 5 of the Automobile and Auto-
Component Policy 2016)
1) Capital Subsidy for Common Infrastructure-Financial Assistance of 50%fixed capital investments, up to a maximum of Rs. 20 Crore
2) CST Concession for manufacturing units-100%, for period of 10 years.
3) Subsidy on VAT
-For new MSME units 80%, upto maximum 150% of capex spent in 5 years
-For new large projects 75%, upto maximum 150% of capex spent in 7 years
-For new mega & ultra-mega projects 75%, upto maximum 150% of capex spent in 12 years
4) Patent & Quality Certification for MSME
-Patent Registration 75% of the cost incurred, upto max Rs 25 Lakhs.
-Quality Certification 50% of the cost incurred, upto max Rs 5 Lakhs.
Other Incentives
-Marketing
-Expansion/ modernization/ diversification
-Capital & Interest subsidy to MSME
-Stamp Duty &Registration fee Exemption

Regards:
Moon Financial Consultant & Co

05/02/2023

Fiscal Incentives for Textile, Apparel and Footwear Units (as per the Textile, Apparel and Footwear Policy 2016)

Incentives Details (Chapter 8 of the Textile, Apparel and Footwear
Policy 2016)

-Capital Investment Subsidy 20%, up to Rs 50 crore.
-Interest Subsidy 7% or 50% of the interest rate (whichever is lower)
For 5 years up to Rs 1 crore.
-Net SGST Subsidy 100% for first 7 years + 40% for next 3 years.
-Stamp duty& Registration Fee 100% reimbursement
-Quality Certification Upto Rs 10 Lakhs.
-Patent Registration Upto Rs 10 Lakhs.
-Cluster Development 15% Grant of grant released by GoI.
-Power Tariff 50% of power tariff for 7 years.
-Export Subsidy Special Incentives to Export Units.
-Construction of Dormitories 50% cost of land up to Rs. 50 lakh
-Mandi Fees/ Tax Exemption On raw materials.
-Electricity Duty 100% exemption for 7 years.

Employment generation subsidy ·
-One-time support of maximum Rs. 13,000 for capacity building of persons belonging to Jharkhand.
-Employment generation subsidy of Rs. 5000 per month per worker for 7 years (Rs. 6,000 for SC/ ST/ Women)
-Reimbursement of Rs. 1,000 per person per month towards expenditure on ESI & EPF for 5 years

18/01/2023

Business and Economy of Ranchi

Ranchi the capital city of Jharkhand, is growing and expanding at a rapid pace. Increased economic activities and infrastructure development has resulted in extensive urbanization, as a result of which urban and semi-urban areas are expanding. Due to a change in land use policies more areas are being added to the vicinity of the city. After being awarded with the capital status to Ranchi, there has an emerged a need to meet the requirements of the increasing population.

Easily available manpower, reputed technical, management and educational institutions, good transport and communication facilities and improving power position makes the RIA (Ranchi Industrial Area) region attractive for entrepreneurs. Efforts are being made to generate ample employment, infrastructural and institutional amenities for the benefit of the people. In this age of urbanization, industrialization & modernization one should not forget to preserve and protect the present environment. A sustainable & eco-friendly way of development is this required for Ranchi city.

Regards:
Moon Financial Consultant & Co

Bank of Baroda hikes interest rates on home loans, other loans.Bank of Baroda has become the most recent lender to raise...
10/01/2023

Bank of Baroda hikes interest rates on home loans, other loans.

Bank of Baroda has become the most recent lender to raise its marginal cost of funds-based lending rate (MCLR). According to a BSE filing by the bank, it has hiked MCLR by up to 35 basis points across all tenures. The latest loan interest rates come into effect on January 12, 2022.

After the latest revision, MCLR has surged from 7.50 percent to 7.85 percent for overnight tenure. The MCLR for one month has been raised from 7.95 percent to 8.15 percent. The MCLR for three-month tenure has climbed from 8.05 percent to 8.25 percent. The MCLR for six-month tenure has risen from 8.15 percent to 8.35 percent while MCLR for one-year tenure has been hiked from 8.30 per cent to 8.5 percent, post revision

The MCLR, or marginal cost of funds-based lending rate, is the lowest interest rate at which banks can lend to clients. In 2016, the Reserve Bank of India (RBI) implemented MCLR to determine the interest rates on various forms of loans. It is an internal reference rate used by banks to offer competitive and transparent loan terms. Banks had disbursed MCLR-linked house loans until September 30, 2019.

How MCLR hike will impact borrowers?

Any change in the MCLR will have an immediate impact on loan costs because it implies an increase in the loan interest rate. If the interest rate on the loan rises, EMIs will rise automatically until the bank cuts its mark-ups/margins on loans. Borrowers must now pay more to pay EMIs on loans tied to the MCLR.

When the loan reset date is set for existing borrowers, the increase in MCLR will affect their EMIs. Typically, MCLR-based loans have a duration of six months or a year. Typically, banks use the current MCLR rate to determine the future EMIs on the reset date. Please be aware that the upcoming EMIs (until the next reset date) are determined by the effective interest rate (MCLR rate plus margin effective), the outstanding loan balance, and the remaining loan term.

Regards:
Moon Financial Consultant & Co

04/01/2023

ADB, India sign $350 million loan to improve in Maharashtra

The Asian Development Bank (ADB) and the Government of India today signed a $350 million loan to improve the connectivity of key economic areas in the state of Maharashtra.

The signatories to the Connecting Economic Clusters for Inclusive Growth in Maharashtra project were Shri Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance who signed for the Government of India, and Mr Hoe Yun Jeong, Officer-in-Charge of ADB’s India Resident Mission, who signed for ADB.

After signing the loan agreement Shri Mishra stated that the project will help address intra-regional disparities by improving connectivity, facilitating access to services, and accelerating inclusive economic growth of lagging districts in the state.

“This project builds on ADB’s ongoing support to upgrade state highways and major district roads in Maharashtra,” said Mr. Jeong. “It demonstrates approaches and practices that are not yet common practice, including road safety demonstration corridors; climate change adaptation and disaster-risk reduction; and highway works programs responsive to the needs of women, children, the elderly, and people with disability.”

At least 319 kilometers (km) of state highways and 149 km of district roads will be upgraded incorporating climate and disaster-resilient features to strengthen the state’s core road network in the 10 districts of Ahmednagar, Hingoli, Jalna, Kohalpur, Nagur, Nanded, Nashik, Pune, Sangli, and Satara. This will help connect underdeveloped rural communities with off-farm opportunities and markets, improve access to health and social services and improve agricultural value chains by reducing transport costs for small and medium-sized enterprises.

In addition, the project will construct 5 km of major district roads connecting Nanded and neighboring Telangana. The project will promote gender equality and social inclusion in highway programs, schools, health, and social services and set up integrated service centers to provide basic sanitation, education, and other services. Skills training for enterprises led by poor women and disadvantaged groups will be conducted to provide livelihood opportunities. The project will demonstrate the private sector’s effectiveness in undertaking long-term road maintenance for greater life-cycle quality and operational efficiency. It will also develop a good practice handbook for climate change adaptation and disaster risk reduction in road design and maintenance.

Regards:
Moon Financial Consultant & Co.

01/01/2023

More than 37.76 crore loans amounting to over Rs. 20.43 lakh crore disbursed since inception of Pradhan Mantri Mudra Yojana

As per data uploaded by the Pradhan Mantri Mudra Yojana (PMMY) by Member Lending Institutions (MLIs) on Mudra portal, as on 25.11.2022, more than 37.76 crore loans amounting to over Rs. 20.43 lakh crore have been disbursed since inception of the Scheme in April 2015.

Referring to a Ministry of Labour and Employment (MoLE) survey, the Minister stated that MoLE conducted a large sample survey at the national level to assess employment generation under PMMY. As per the survey results, PMMY helped in generating 1.12 crore net additional employment during a period of approximately 3 years (i.e. from 2015 to 2018). At an overall level, Shishu category of loan constitutes about 66% of share among additional employment generated by establishments owned by MUDRA beneficiaries followed by Kishore (19%) and Tarun (15%) categories respectively.

Giving more details about the scheme, the Minister stated that Under PMMY, collateral-free institutional credit up to Rs. 10 lakh is provided by Member Lending Institutions (MLIs) i.e. Scheduled Commercial Banks (SCBs), Regional Rural Banks (RRBs), Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs). Any individual, who is otherwise eligible to take a loan and has a business plan for small business enterprise can avail loan under the Scheme. He/She can avail loans for income generating activities in the manufacturing, trading, services sector and also for activities allied to agriculture across three loan products, viz. Shishu (loans up to Rs. 50,000), Kishore (loans above Rs. 50,000 and up to Rs. 5 lakh) and Tarun (loans above Rs. 5 lakh and up to Rs. 10 lakh).

Regards
Moon Financial Consultant & Co

Address

OFFICE: NAYASARAI, TUNDIUL, NAGDI, RANCHI
Jharkhand
835303

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Monday 9:30am - 7pm
Sunday 9:30am - 7pm

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