20 MILLIONS EMPLOYMENT IN 20 MONTHS - SELF EMPLOYMENT CONCEPT
Direct EMPLOYMENT Benefit to Poor
All the Schemes and Programmes undertaken by the State and Central Governments and Non-Governmental Organizations was seen only little success and they have not changed lives of poor. Funds distribution right from Central government to State government and State government to Local government like Zilla Parishad, Panchayats and others was happening in the schemes and programmes but reaching to real beneficiary is very low in percentage and the purpose of scheme or programme was failed to remove poverty from the society. Poor remains poor since it is free money from government without any effort and funds from Government officials and NGOs leads many kinds of malpractices and mismanagement of funds. Finally poor will be remain poor all the years due to many fake training, fake establishments, fake distribution of funds.
The concept or idea here is Direct EMPLOYMENT Benefit to Poor through bank. Training to the poor will be given FREE by MSMEs or any organization (certified or authorized) and NOMINAL training fees to these institutes would be paid by the GOVERNMENT. Training is not necessary or condition for this Direct Employment benefit to the poor. The total money or grant to the poor given by Government will be deposited in the bank for distribution to start self employment. Rules and regulations framed by government for getting training and getting funds from bank. Absolutely there is no interference from any government and organization. Cheating the government funds by individual/beneficiary will lead to six months Jail and real effort of self employment should be motivated by the government through their departments. Meagre amounts like Rs.5000/- or Rs.10000/- cannot help to eradicate the poverty in the long term and sufficient funds for real self employment should be given to poor to uplift their lives in terms of purchasing power, capacity building and increasing lifestyles, education and access facilities like rich.
20 MILLIONS EMPLOYMENT IN 20 MONTHS - SELF EMPLOYMENT
The concept is very simple to eradication of poverty in the country. Each individual get trained from authorized/certified institute to get the loan from the bank. Training is not necessary or condition for this. Loan amount is Rs. One lakh and Payment of interest upto 80 month on principle amount
For Government
Creating Employment - 20 MILLIONS or 2 CRORES
Duration for creating 20 MILLIONS employment - 20 months
Total Period of project - 100 months
Budget for government - 2000 crores every month for 100 months
Budget for every Year - 24000 crores
Total budget - Rs.200000 crores over a period of 100 months
OUTCOME - . 20 MILLIONS employment can be created in 20 months
For Individual
RUPEES ONE LAKH INITIALLY TO START SELF EMPLOYMENT
ONLY PAYS INTEREST AND CAPITAL GRANT WILL BE GIVEN BY GOVERNMENT AS A GRANT THROUGH BANK TO SELF EMPLOYEE
Benefit for Self Employer - One lakh in 81 months
Each grant of Rs.20,000/- for every 20 months
First Self employee will get 5 equal grants to start any kind of business or establishment
1. Rs.20,000 First GRANT from government and Rs.80,000/- loan from bank - Total amount Rs.1,00,000/- (Rs. one lakh ) to Self Employee to start any kind of business or establishment.
OR
Any number of individuals come together and forward to start large scale establishments like dairy farms, shoe factory, textile unit, any type of business etc. GOVERNMENT WILL TREAT THESE ESTABLISHMENTS SEPARATELY WITH ADDITIONAL EXISTING SUBSIDIES
Banks should consider Rs. One Lakh as capital and give more loan for establishment of big organizations.
2. After paying interest Rs.800/- every month for 20 months for Rs.80,000/- loan, self employee will get SECOND grant from government Rs.20000/- in 21 st month. Now the individual has got 2 installments of Rs. 20000/- each and a total amount of Grant Rs.40000/-
3. After paying interest Rs,600/- for another 20 months for Rs.60,000/- loan, self employee will get THIRD Grant Rs.20,000/- in 41st month. Now the individual has got 3 installments of Rs. 20000/- each and a total amount Grant of Rs.60000/-
4. After paying interest for Rs.400/- another 20 months for Rs.40,000/- loan, self employee will get FOURTH Grant of Rs. 20,000/- in 61st month. Now the individual has got 4 installments of Rs. 20000/- each and a total amount of Grant Rs.80000/-
5. After paying interest Rs.200/- for another 20 months for Rs.20,000/- loan, self employee will get FIFTH and final grant of Rs.20,000/- in 81st month. Now the individual has got 5 installments of Rs. 20000/- each and a total amount of Grant Rs.100,000/-
6. Loan will become Zero at 81st month for Self employee
Total - 5 Grants each Rs.20,000/- , Total Rs.1,00,000/-.
Rs.800/- interest is not a big burden for initial period of 20 months, later interest will be reduced to Rs.600/- and Rs.400/- and finally Rs.200/-
Self employee will pay interest to the bank every month to get the grant from the Government and Government pay the grant to the bank for principle amount. First he will pay (approximately @ 12% per annum or lower interest) Rs.800/= for 20 months, later Rs.600/= for 20 months, later Rs.400/= for 20 months and finally Rs.200/= for 20 months.
Eligibility – Training from any SISI, Any other training institute, No educational qualifications required for this scheme. Training is not necessary or condition for this Scheme. Government can give any kind of training for women for farming or non-farming activity to give the loans.
OUT COME – ERADICATION OF POVERTY IN REAL, starting small organization in the state will give more tax revenue to the Government for many years.
For Banks
In earlier schemes and programmes, banks will hesitate to give loans to poor since they are not able to recover the loans from the poor. In this Scheme Government will guarantee to bank about the principle amount. Government will issue Rs.24000 crores every year to the banks to create 2 CRORE employment for 20 months. Bank will get the Grant from government every month and total amount of Principle will be guaranteed by government but interest will be paid by self employee. There is no hesitation to give loan to the individual by the bank since the total principle amount guaranteed by the government.
OUTCOME – More banking business by government guarantee to eradicate the poverty in the state
MAIN FEATURES OF THE CONCEPT
1. This is real and practical self employment to every family. Preference should be given educated rural youth and more than 30 age who is not having any job in initial period. It applies to one person for one family. NO INTERFERENCE FROM GOVERNMENT AUTHORITIES OR NGOs OR POLITICIANS
2. Total grant to self employee is Rs.100000/- for a period of 100 months PROJECT and paying interest to the loan is eligibility for getting the grant for every 20 monrhs. EACH DISTRICT GETS EQUAL AMOUNT GRANTS BASED ON POPULATION AND POVERTY LEVELS. THERE SHOULD NOT BE ANY CONFUSION IN DISTRIBUTION OF GRANTS.
3. Training fees of Self Employee to Authorized Institution will be given by bank and nominal fees will be paid by government. Total loan amount after training will be given to the self employee. Self employee will contact bank for this loan directly and get training from authorized institution/agency for starting any establishment.
4. Paying interest for getting Grant for every 20 months but Self employee gets Rs.100,000/- loan at the initial stage itself. If many people come together, Bank may treat Total Grant as Capital Amount and give additional (upto) 90% loan for large scale establishments like dairy farms, textile unit, shoe factory and other big establishments.
For example, for creating more employment, Any number of people can join together and start big business establishments in rural and urban areas. If 100 people come forward to start a dairy farm, then initial capital will become Rs. One Crore and it can be treated as a capital for dairy farm and bank can give loans (9 crore rupees) to start the dairy farm. This generates more employment to the rural people.
5. Employment creation Period is very low - 20 months for 20 millions employment creation but project period is 100 months for Government for paying Rs.2000 crores every month for 100 months.
6. Co-operative society or any kind of partnership or Limited Company or Unlimited Company type businesses can establish from this scheme
7. There is no fake or cheating businesses, since interest to be paid to the bank by the self employee to get the grant for every 20 months and Government will pay grant to the bank for principle amount in four installments of Rs.80,000/-
8. Government can think in this way. If Government wants, Govt. can levy a special condition that Rs 100000/- should be paid thru cheques or online (NO CASH PAYMENTS) for this scheme to get immediate tax revenue from self employee. For Example, Bank asked self to give only cheques for payments and that every transaction SHOULD BE SCRUTINISED THAT TAX PAID OR NOT. This is 10% immediate tax return from this scheme. This is 50% payback revenue for the first grant of Rs.20000/- from the self employee. So implementation of this scheme will be more easier to the Government.
9. MORE TAXES
If self employee generates THREE LAKH RUPEES TURN OVER PER YEAR (minimum) government may get generally 35% revenue or taxes or any other form of taxes out of it, so payback period is ONE YEAR for the grant. If self employee generates Rs. 100.000/= turnover, then payback period is THREE YEARS for the Government in the form of taxes. This is recurring revenue for future years to th Government.
10. NO HESITATION TO GIVE LOANS TO SELF EMPLOYEE - Banks are guaranteed for the capital grant to the self employees. Banks will worry about only interest from the self employee and it is linked with capital grant.
11. REAL BENEFICIARY AND REAL EMPLOYMENT - Real money to real beneficiary with training, would definitely give good yields to the country by improving standard of living and lives of poor and eradication poverty from the state.
12. GOVERNMENT SHOULD BE READY WITH AUTHORIZED TRAINING INSTITUTIONS FOR THIS SCHEME IMPLEMENTATION. THERE SHOULD NOT BE BIG TRAININGS, ONLY SIMPLE AND UNDERSTANDABLE TO EVEN ILLITERATES FOR IMPROVING THE LIVES OF POOR PEOPLE
Contact – Dr V Sambasiva Rao – email: svanimireddy@gmail.com, Mobile – 91-9840039926
Thanking you and Best Regards,
Yours Faithfully,
Dr V Sambasiva Rao
(M.Com, MBA, Ph.D)
20 MILLIONS EMPLOYMENT IN 20 MONTHS - SELF EMPLOYMENT CONCEPT
Direct EMPLOYMENT Benefit to Poor
All the Schemes and Programmes undertaken by the State and Central Governments and Non-Governmental Organizations was seen only little success and they have not changed lives of poor. Funds distribution right from Central government to State government and State government to Local government like Zilla Parishad, Panchayats and others was happening in the schemes and programmes but reaching to real beneficiary is very low in percentage and the purpose of scheme or programme was failed to remove poverty from the society. Poor remains poor since it is free money from government without any effort and funds from Government officials and NGOs leads many kinds of malpractices and mismanagement of funds. Finally poor will be remain poor all the years due to many fake training, fake establishments, fake distribution of funds.
The concept or idea here is Direct EMPLOYMENT Benefit to Poor through bank. Training to the poor will be given FREE by MSMEs or any organization (certified or authorized) and NOMINAL training fees to these institutes would be paid by the GOVERNMENT. Training is not necessary or condition for this Direct Employment benefit to the poor. The total money or grant to the poor given by Government will be deposited in the bank for distribution to start self employment. Rules and regulations framed by government for getting training and getting funds from bank. Absolutely there is no interference from any government and organization. Cheating the government funds by individual/beneficiary will lead to six months Jail and real effort of self employment should be motivated by the government through their departments. Meagre amounts like Rs.5000/- or Rs.10000/- cannot help to eradicate the poverty in the long term and sufficient funds for real self employment should be given to poor to uplift their lives in terms of purchasing power, capacity building and increasing lifestyles, education and access facilities like rich.
20 MILLIONS EMPLOYMENT IN 20 MONTHS - SELF EMPLOYMENT
The concept is very simple to eradication of poverty in the country. Each individual get trained from authorized/certified institute to get the loan from the bank. Training is not necessary or condition for this. Loan amount is Rs. One lakh and Payment of interest upto 80 month on principle amount
For Government
Creating Employment - 20 MILLIONS or 2 CRORES
Duration for creating 20 MILLIONS employment - 20 months
Total Period of project - 100 months
Budget for government - 2000 crores every month for 100 months
Budget for every Year - 24000 crores
Total budget - Rs.200000 crores over a period of 100 months
OUTCOME - . 20 MILLIONS employment can be created in 20 months
For Individual
RUPEES ONE LAKH INITIALLY TO START SELF EMPLOYMENT
ONLY PAYS INTEREST AND CAPITAL GRANT WILL BE GIVEN BY GOVERNMENT AS A GRANT THROUGH BANK TO SELF EMPLOYEE
Benefit for Self Employer - One lakh in 81 months
Each grant of Rs.20,000/- for every 20 months
First Self employee will get 5 equal grants to start any kind of business or establishment
1. Rs.20,000 First GRANT from government and Rs.80,000/- loan from bank - Total amount Rs.1,00,000/- (Rs. one lakh ) to Self Employee to start any kind of business or establishment.
OR
Any number of individuals come together and forward to start large scale establishments like dairy farms, shoe factory, textile unit, any type of business etc. GOVERNMENT WILL TREAT THESE ESTABLISHMENTS SEPARATELY WITH ADDITIONAL EXISTING SUBSIDIES
Banks should consider Rs. One Lakh as capital and give more loan for establishment of big organizations.
2. After paying interest Rs.800/- every month for 20 months for Rs.80,000/- loan, self employee will get SECOND grant from government Rs.20000/- in 21 st month. Now the individual has got 2 installments of Rs. 20000/- each and a total amount of Grant Rs.40000/-
3. After paying interest Rs,600/- for another 20 months for Rs.60,000/- loan, self employee will get THIRD Grant Rs.20,000/- in 41st month. Now the individual has got 3 installments of Rs. 20000/- each and a total amount Grant of Rs.60000/-
4. After paying interest for Rs.400/- another 20 months for Rs.40,000/- loan, self employee will get FOURTH Grant of Rs. 20,000/- in 61st month. Now the individual has got 4 installments of Rs. 20000/- each and a total amount of Grant Rs.80000/-
5. After paying interest Rs.200/- for another 20 months for Rs.20,000/- loan, self employee will get FIFTH and final grant of Rs.20,000/- in 81st month. Now the individual has got 5 installments of Rs. 20000/- each and a total amount of Grant Rs.100,000/-
6. Loan will become Zero at 81st month for Self employee
Total - 5 Grants each Rs.20,000/- , Total Rs.1,00,000/-.
Rs.800/- interest is not a big burden for initial period of 20 months, later interest will be reduced to Rs.600/- and Rs.400/- and finally Rs.200/-
Self employee will pay interest to the bank every month to get the grant from the Government and Government pay the grant to the bank for principle amount. First he will pay (approximately @ 12% per annum or lower interest) Rs.800/= for 20 months, later Rs.600/= for 20 months, later Rs.400/= for 20 months and finally Rs.200/= for 20 months.
Eligibility – Training from any SISI, Any other training institute, No educational qualifications required for this scheme. Training is not necessary or condition for this Scheme. Government can give any kind of training for women for farming or non-farming activity to give the loans.
OUT COME – ERADICATION OF POVERTY IN REAL, starting small organization in the state will give more tax revenue to the Government for many years.
For Banks
In earlier schemes and programmes, banks will hesitate to give loans to poor since they are not able to recover the loans from the poor. In this Scheme Government will guarantee to bank about the principle amount. Government will issue Rs.24000 crores every year to the banks to create 2 CRORE employment for 20 months. Bank will get the Grant from government every month and total amount of Principle will be guaranteed by government but interest will be paid by self employee. There is no hesitation to give loan to the individual by the bank since the total principle amount guaranteed by the government.
OUTCOME – More banking business by government guarantee to eradicate the poverty in the state
MAIN FEATURES OF THE CONCEPT
1. This is real and practical self employment to every family. Preference should be given educated rural youth and more than 30 age who is not having any job in initial period. It applies to one person for one family. NO INTERFERENCE FROM GOVERNMENT AUTHORITIES OR NGOs OR POLITICIANS
2. Total grant to self employee is Rs.100000/- for a period of 100 months PROJECT and paying interest to the loan is eligibility for getting the grant for every 20 monrhs. EACH DISTRICT GETS EQUAL AMOUNT GRANTS BASED ON POPULATION AND POVERTY LEVELS. THERE SHOULD NOT BE ANY CONFUSION IN DISTRIBUTION OF GRANTS.
3. Training fees of Self Employee to Authorized Institution will be given by bank and nominal fees will be paid by government. Total loan amount after training will be given to the self employee. Self employee will contact bank for this loan directly and get training from authorized institution/agency for starting any establishment.
4. Paying interest for getting Grant for every 20 months but Self employee gets Rs.100,000/- loan at the initial stage itself. If many people come together, Bank may treat Total Grant as Capital Amount and give additional (upto) 90% loan for large scale establishments like dairy farms, textile unit, shoe factory and other big establishments.
4. Paying interest for getting Grant for every 20 months but Self employee gets Rs.100,000/- loan at the initial stage itself. If many people come together, Bank may treat Total Grant as Capital Amount and give additional (upto) 90% loan for large scale establishments like dairy farms, textile unit, shoe factory and other big establishments.
For example, for creating more employment, Any number of people can join together and start big business establishments in rural and urban areas. If 100 people come forward to start a dairy farm, then initial capital will become Rs. One Crore and it can be treated as a capital for dairy farm and bank can give loans (9 crore rupees) to start the dairy farm. This generates more employment to the rural people.
5. Employment creation Period is very low - 20 months for 20 millions employment creation but project period is 100 months for Government for paying Rs.2000 crores every month for 100 months.
5. Employment creation Period is very low - 20 months for 20 millions employment creation but project period is 100 months for Government for paying Rs.2000 crores every month for 100 months.
6. Co-operative society or any kind of partnership or Limited Company or Unlimited Company type businesses can establish from this scheme
7. There is no fake or cheating businesses, since interest to be paid to the bank by the self employee to get the grant for every 20 months and Government will pay grant to the bank for principle amount in four installments of Rs.80,000/-
8. Government can think in this way. If Government wants, Govt. can levy a special condition that Rs 100000/- should be paid thru cheques or online (NO CASH PAYMENTS) for this scheme to get immediate tax revenue from self employee. For Example, Bank asked self to give only cheques for payments and that every transaction SHOULD BE SCRUTINISED THAT TAX PAID OR NOT. This is 10% immediate tax return from this scheme. This is 50% payback revenue for the first grant of Rs.20000/- from the self employee. So implementation of this scheme will be more easier to the Government.
9. MORE TAXES
If self employee generates THREE LAKH RUPEES TURN OVER PER YEAR (minimum) government may get generally 35% revenue or taxes or any other form of taxes out of it, so payback period is ONE YEAR for the grant. If self employee generates Rs. 100.000/= turnover, then payback period is THREE YEARS for the Government in the form of taxes. This is recurring revenue for future years to th Government.
10. NO HESITATION TO GIVE LOANS TO SELF EMPLOYEE - Banks are guaranteed for the capital grant to the self employees. Banks will worry about only interest from the self employee and it is linked with capital grant.
11. REAL BENEFICIARY AND REAL EMPLOYMENT - Real money to real beneficiary with training, would definitely give good yields to the country by improving standard of living and lives of poor and eradication poverty from the state.
12. GOVERNMENT SHOULD BE READY WITH AUTHORIZED TRAINING INSTITUTIONS FOR THIS SCHEME IMPLEMENTATION. THERE SHOULD NOT BE BIG TRAININGS, ONLY SIMPLE AND UNDERSTANDABLE TO EVEN ILLITERATES FOR IMPROVING THE LIVES OF POOR PEOPLE
Yours Faithfully,
Dr V Sambasiva Rao
(M.Com, MBA, Ph.D)
