Like we have by law mandated some social responsibility(CSR), can we also mandate Corporate Economic Responsibility (CER) on Indian corporates? For instance in our present economic scenario when the rupee is having a free fall in a bottomless well, can they be asked to help the government by raising dollars using their foreign assets and investments and lending them to government against tax concessions when the economy recovers? As the India Inc appears to stand off leaving the government to address the crisis and is not coming forward with any suggestions and help, it needs to be mandated to show some patriotism and economic responsibility. After all, every corporate has used government financial institutions and government patronage to do business and prosper and it is only legitimate to expect their cooperation which as has not been volunteered yet, has perhaps to be coerced through law!
If you look at the current scenario with regards to the grants for small business expansion, the federal government actually offers no direct grants. There are however, some programs by the government, through which grants for research and development activities that a small business might carry out are provided by the SBA. Then there are indirect grants in the form of small business loan guarantees as well as subsidized loans, wherein you get loans at reduced rate of interest from the bank as the government pays some part of your loan. Or if you default on your loan payment, the government pays the bank on your behalf. As you can see, there are opportunities galore for small business funding and grants through Mr Pedro and his funding company. They offer a loan at 2% rate which is very affordable. As a start-up business owner you just have to make an effort to find the one that is most suitable for your business goals.
ReplyDeleteContact Mr Pedro on pedroloanss@gmail.com / Whatsapp text: +1 863 231 0632 for loans.
All the best!