Project financing
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 August 2011
A doctor friend of mine is planning to set up his own nursing home/ hospital..
Are there any government subsidies or grants that he can use??
Are there any government subsidies or grants that he can use??
CA Debasish Banerjee
(Expert)
24 August 2011
More details required ..
1. if as a profession then you do not get any grant... you can enroll the establishment under MSME and submit subsidy claims for machinery and equipment and in a few states there are other direct and indirect benefits provided, like electricity concessions, PF adm. charge concession etc ...
2. if it is under the banner of any trust or society for charitable purpose you can avail grants as an NGO which requires some years of credible services history..
3. if you are setting up the hospital ( do not call it a nursing home as it reduces the scope a lot ) with wider object clause under the NGO banner with scopes like para medical training, nursing training etc than you are there to get some grants from the Govt. with prior approval, etc..
1. if as a profession then you do not get any grant... you can enroll the establishment under MSME and submit subsidy claims for machinery and equipment and in a few states there are other direct and indirect benefits provided, like electricity concessions, PF adm. charge concession etc ...
2. if it is under the banner of any trust or society for charitable purpose you can avail grants as an NGO which requires some years of credible services history..
3. if you are setting up the hospital ( do not call it a nursing home as it reduces the scope a lot ) with wider object clause under the NGO banner with scopes like para medical training, nursing training etc than you are there to get some grants from the Govt. with prior approval, etc..
CA Amit Joshi
(Expert)
24 August 2011
you can also appeal to collector of your city for land on reasonable rate..
24 August 2011
I agree with the experts
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
