There are various startup schemes and government grants provided by the government in Hougang Singapore that you can benefit from. There are a number of business support grants for companies to help them overcome obstacles in their growth. Overall aim of these grants is to help businesses in capability upgrading and internationalization.
Government knows the important role that its startups and SMEs play in its economy and hence support these entities with business support grants. Financing is one of the most fundamental aspects of starting and growing your business. There are hundreds of government grants available for small businesses that help in saving money, lowering startup costs and helping grow your business.
Business support grants are small amount of seed money that further the goals of federal, state, or non-profit organizations. Unlike a loan, you don’t have to repay it. Most business support grants in Hougang are awarded to help launch a start-up or new business, with the aim to generate jobs and stimulate the economy. There are fewer grants available for established businesses.
Six Types of Training and Development Techniques
Government can assist businesses in two ways- financial help and administrative support. Understand what government grants are available to businesses. Grants are available to sole traders, partnership, limited companies and social enterprises.
Now grants aren’t just government funded as more and more organizations develop grants program in Hougang. Grants are now offered by government, private agencies, universities, corporations and humanitarians.
Business grants are available in all kinds of forms. Generally, business support grants are either a direct grant, equity finance or a soft loan. Direct grant is money given to your new business to cover startup essentials such as investment in equipment, training or reaching new markets. Equity finance, not strictly a grant, offers reduction in income tax on investment made in new businesses. Soft loans are actually loans with lower interest rates and more generous terms than other lending.
The All India Council for Technical Education (AICTE), a statutory body of Ministry of Human Resource Development, has notified a regulation under National Employability Enhancement Mission (NEEM) to offer on the job practical training to enhance employability of a person either pursuing his or her graduation / diploma in any technical or non-technical stream.
AICTE has registered three organizations namely Board of Apprenticeship Training, Chennai, Tamilnadu (BOAT, Chennai), Nettur Technical Training Foundation, Bangalore, Karnataka (NTTF) and Teamlease Education Foundation, Bangalore, Karnataka as NEEM Agents to offer on the job practical training.
NEEM scheme is the main initiatives taken by the government of India and AICTE for skills development. Productivity will always be a result of great skills. The primary role of any industry is to generate jobs for youth who are either technical or non-technical graduate. The agents have to create employment opportunities & gets trained & groomed employee as per their required skill set.
The company provides on the job training to the trainees. The agents build a bridge between the company needs & the students skills. These agents play an important role to fulfill the gap between students skills and company requirements. They facilitate students' efforts to cope up with new industrial culture.
The NEEM agent creates awareness among trainees on safety measures, so the possibility of accidents is less. They can facilitate enhanced wage employment for the informal sector also. Industries can shape trainees as per their present and future requirements. The main objective of the scheme is to develop employable youth, there is no obligation on the host industry to offer permanent employment to trainees after completion of their training program.
Industries can shape NEESA trainees as per their present and future requirements. The lack of proper career guidance and career counseling often leads to the youth being confused. Agents mobilizes candidates from all over the country to join the program. They facilitate students' efforts to cope up with new industrial culture for brighten their future. They facilitate students to find and access necessities of life during their first-time-job in any industry.
The agents conduct regular review with students as well as representatives of the industry to ensure the best outcome of the program for students as well as industry. They make the youths to convert their academic inputs into the output of the company. The NEEM agent also pay stipend, education fees and incidental expenses of the students while learning.
A man should really feel good about his work. That will only happen when you have the sufficient skills to give you that confidence. This scheme is training the youth free of cost, getting them the stipend and a bright future also. They are promoting the purpose which will drive the youth to excellence and in turn boost the economy of the country. That will result 'A win-win' situation every way.
The NEEM trainees gets benefited by getting cutting edge technology training without paying anything. All the hiring and training liabilities are borne by the NEEM agent. The industry will notice an increase in productivity with quality because of a motivated workforce. The agent train the professionals into a skilled ones who can contribute noticeably to the industries' bottom line and ensures a high level of quality production.
The NEEM agent creates awareness among trainees on safety measures, so the possibility of accidents is less. Highly focused and passionate candidates will give their contribution to the growth of the industry.
Monday As Innovation and Technology Day
Many programs can assist small business to access professional advice and support in critical early stages of establishing a business. While there are a lot of grants available, getting a business support grant from the government can be a challenge. Government grants are often complex with lots of processes and stages, and each grant will have its own requirements and criteria for applying.
While being awarded a grant is winning, they are notoriously hard to acquire. Not only are grants programs highly competitive, they can take months to process. Aside from finding one you’d be eligible for, you have to compete with other companies for the same. The other downside is that grants usually come with specific instructions on how you can use the money.
A grant for companies in Hougang Singapore can give your business a huge leg up and can be a great alternative to traditional finance. To apply for grants, first become familiar with the process. Eligibility for grants will vary depending on the grant in question.
Do your research. Identify programs that are a match for your business. Apply for the grant and submit eligibility requirements. Keep in mind that you’ll need to meet certain criteria to be eligible.
How does someone qualify as a veteran? What jobs await these veterans when they return home injured and disabled for life? What benefits does a veteran qualify for? What is Veteran job training and can it help a veteran? These questions may have bothered you while watching that news about soldiers, medics, engineers, and other military personnel going to war and then getting disabled for life.
You might have pitied their situation and wished there was something you could do for them. The fact is, it is not unusual that a veteran who returned from the war would have post-war trauma. In some cases, because of the trauma that the war causes, the veteran becomes homeless and sometimes completely disabled physically and mentally.
The Veteran
Any military service member who served the army for 180 days during both peace and war-time is entitled to have the veteran status as long he or she was given an honorable or general discharge. Upon receiving the veteran status, this person can avail of the different benefits that the government offers for this war heroes and heroines.
The Benefits
Veteran benefits vary greatly from one veteran to another depending on the degree of disability, time served, number of dependents and other factors. Here is a list of different benefits that a veteran will receive once he or she returns home:
• Disability Benefits. A veteran who was injured during active duty is entitled to receive disability benefits. The amount is tax-free and is dependent on the degree of disability received by the veteran.
• Health Care. The Department of Veteran Affairs will provide veterans low-cost health care packages once they enroll themselves in the VA Health Care System. The benefit includes free dental treatment, counseling sessions, for post war trauma and other neurological disorder because of the war, and more.
• Pension. This is usually for veterans who are over 65 years old or those who were totally disabled because of active duty. The amount may vary on the number of the veteran's dependents.
Jobs for Veterans
Sometimes instead of providing pensions and monthly stipends, the VA resort to providing Veteran job training. The Veteran job training program is also a way to encourage those veterans who were partly disabled by the war to return to society. The Veteran job training program was created to encourage veterans to try to live their lives normally despite of the injury, trauma or disability they have received. The VA focuses on skills that neglect the use of the veteran's disabled part. Here is a short list of different programs that the VA Veteran job training program offers:
• Basic Computer Literacy
• Computer related courses such computer repair, application, network and computer systems, support, office and administration support and database administrators
• Culinary Arts Training Program
• Healthcare training programs such EMT basic training, medical support specialists and medical assistant.
• Specialist for Inventory Control Training Program
• Basic Website Designs Training Program
After the veteran successfully finished one or a few of these training programs; they will not be left alone. The VA also promises to help the veterans search for jobs and job placement. The VA also ensures that veterans who choose to reintegrate themselves to the society are constantly followed up for the next nine months.
Each scheme is different. Check you meet the general terms and conditions. Talk to the grant body to assess chances of success. Read grant objectives carefully. Have a great business plan.