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Mutual Fund

How To Invest in RGESS ?

Open a new demat account with any DP and designate it under RGESS or designate your existing demat account under RGESS through Form A. If you want to avail of Basic Service Demat Account facility, you may inform your DP to designate your account accordingly. You may approach any SEBI registered stock broker for opening a trading account for making investment in any eligible stocks in the stock market or for applying for eligible IPOs. In case you are investing...

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Loans & Advances

What is the Bank Finance Under PMEGP ?

1. The Bank will sanction 90% of the project cost in case of General Category of beneficiary/institution and 95% in case of special category of the beneficiary/institution, and disburse full amount suitably for setting up of the project. 2 Bank will finance Capital Expenditure in the form of Term Loan and Working Capital in the form of cash credit. Project can also be financed by the Bank in the form of Composite Loan consisting of Capital Expenditure and Working Capital....

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Mutual Fund

How To Add Nominee To Mutual Fund Scheme ?

The nomination can be made by individuals applying for / holding units on their own behalf singly or jointly. Non-individuals including society, trust, body corporate, partnership firm, Karta of Hindu Undivided Family, holder of Power of Attorney cannot nominate. For Adding Nominee Just Download the Nominee addition form from the Mutual Funds company specific website and send it to respective Mutual fund companies on address mentioned. Investors may also do it online through the individual Mutual Fund website or via...

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Loans & Advances

What is the Eligibility Criteria Under PMEGP ?

Eligibility Conditions of PMEGP Beneficiaries are : (i) Any individual, above 18 years of age (ii) There will be no income ceiling for assistance for setting up projects under PMEGP. (iii) For setting up of project costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business /service sector, the beneficiaries should possess at least VIII standard pass educational qualification. (iv) Assistance under the Scheme is available only for new projects sanctioned specifically under the...

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Loans & Advances

What is Entrepreneurship Development Programme (EDP) Under PMEGP ?

The objective of EDP is to provide orientation and awareness pertaining to various managerial and operational functions like finance, production, marketing, enterprise management, banking formalities, bookkeeping, etc. The duration for EDP under REGP was only 3 days, whereas, under PMRY it was 10 days. During various meetings, discussions and recommendations of Department Related Parliamentary Standing Committee for Industry (DRPSCI) it was felt that 3 days were not adequate for providing this inputs effectively and, hence two to three weeks period...

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Which Are the Stock Invested Under RGESS ?

The investment options under the scheme will be limited to the following categories of equities ? Listed equity shares 1. The top 100 stocks at NSE and BSE i.e., CNX-100 / BSE -100 (This does not mean that one has to trade through NSE or BSE only. If the securities constituting BSE 100 or CNX 100 are listed and traded in any new stock exchange that may come up on a later day, the same will be eligible for RGESS.)...

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Mutual Fund

What is the Maximum Investment Amount Under RGESS ?

There is no maximum prescribed limit for your investments in securities market. However, RGESS benefits will be available only for investments in eligible securities upto Rs. 50,000. This investment can be made in installments. However, the benefits can be availed only for the investments made in the first financial year in which the benefit is claimed under Section 80CCG. Hence, if you are making investments in installments, make sure that you are making all your installments in a single financial...

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Income Tax

Can I Split RGESS Investment in Different Financial Year ?

No. Only the investment during the first financial year can be booked as investment under RGESS to claim deduction.

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