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Business

Sunday, July 25, 2010

MADHURBOND MAHILA SHG:Village Madhurbond



The village Madhurbond is located on the Bank of River Barak with its population of 900 (approx) and about 5 K.M. away from Silchar town. The main livelihood of this is mainly Agriculture & allied activities and also business. The laborious people of this village are very anxious to live in better economic condition and they are in search of sustainable source of earning.

On 24.06.02 a educated women fold consisting 10 nos. of this village took a valiant step and formed a Group namely “Madhurbond Mahila Self Help Group. under active participation and guidance of the Officials of DRDA, Cachar and Smti. Piyali Roy, Gram Sevika of Silchar Dev. Block.
The aforesaid SHG was given an amount of Rs. 25000/- as Revolving fund on 05.09.03 of which Rs. 10,000/- is subsidy. The State Bank of India, Bazar Branch, Silchar had disbursed the said amount to the SHG. The SHG concerned utilized the full amount of Revolving fund income generating activities of the members of the SHG through the process of internal money lending and in time, the whole dues of Cash Credit along with the interest had been repaid as per SGSY norms.
As the Group is good one so an amount of Rs. 2.00 Lakhs was given in the year 2003-04 for taking up Dairy activities of which Rs. 1.00 Lakh is Subsidy after qualified in the 2nd gradation test.. With the amount the group constructed a Cow shed also purchased 7 nos. of Cross-Bread Cows of which 4 nos. was pregnant. At present the SHG is getting 30 litres of Milk from 4 cows and are selling all milk at Silchar town @ Rs.30/- per litre thus earning a hand some profit. The Group is repaying the loan installment regularly
It is hoped that the all members of the Group will be able to attain their goal of self reliance within the project period.

Saturday, July 24, 2010

Forming a New Business

The decision to start your own business is a big step, but it only represents the beginning of a long and sometimes tedious process. New businesses have to come to grips with lots of legal requirements, and it's crucial that you comply with them to avoid major headaches down the road.