Question

After completing her Masters in medicine, Nitya has opened a small nursing home in the hilly area of Valparai. Valparai is a Taluk and hill station in the Coimbatore district of Tamil Nadu, India. It is located 3500 feet above sea level on the Anaimalai Hills range of the Western Ghats. What are the incentives and schemes that are likely to be made available to her from Government of India for promoting small business?        (3)​

Answer 1

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Answer 2

Since Nithya has opened a small Nursing Home in hilly areas she is eligible for various government things that can help a small business.

• The Government of India has promised to help a lot of small-scale enterprises because they are burdened with many challenges that come in the way of their growth.
• The basic problem of these enterprises is lack of finance and lack of labor at the right time. She can get the MSME government business loan scheme which provides a loan of up to Rs 1 crore. There are some distinctive benefits for women as well. A reservation of 3% is available for Women entrepreneurs  and a quick sanction to the increasing number of women wanting to do business.