Almost everyone has been the target of a scam at some stage in his or her lives, and many people have repeated, ongoing exposure to scam attempts. The aim of SCAMSTERS INC. is to provide you with information you need to Protect Yourself from scams, so you can recognise a set-up and avoid the hook and the inevitable sting of a scam. Its your Daily dose of Scams in your neighbourhood.its an Archive for all thats related to SCAMS,FRAUDs,Etc....

this Site

SCAMSTERS INC provides an Antiscam - Useful External links page to similar and related to Bangalore and rest of India. Finally, SCAMSTERS INC. provides advice for those who have fallen for the bait and been hooked at 'I've been scammed. What should I do?

No bribe, no business

For young Indians, reaping benefits of high economic growth gets embroiled in corruption and poor finance from banks.

A National Knowledge Commission survey has found that about 60 per cent of entrepreneurs faced corruption when they tried to start a new business. “Another hurdle was in accessing reliable information on registration procedures, finance and other schemes,” says the report submitted to the Prime Minister’s Office recently.

The respondents — from Delhi, Mumbai, Ahmedabad, Pune, Kolkata, Bangalore, Hyderabad and Chennai — also elaborated on the bribes they had to pay to get government clearances.

The survey said 13 clearances are required to start a new venture, which takes a minimum of 33 days. To obtain a licence requires 20 clearances taking 224 days while registering property requires six clearances taking 62 days. To overcome this, the commission has recommended a unique company number to get all clearances at one go.

As many as 61 per cent — who started businesses between 2000-07 — said they did not get a bank loan when they started. “There was a high perception among entrepreneurs that it is very difficult to get bank loans at the start-up stage while it becomes comparatively easy at the growth stage,” the survey said. As many as 63 per cent had to start their ventures with their own finances, while 22 per cent got loans. Only 20 per cent said getting loans at the start-up stage was easy.

The biggest motivating factor for becoming an entrepreneur was the willingness to be independent of the family and a job, the survey said.

Source: The Hindustan Times


  1. Lauryn hill said...

    Earning money online never been this easy and transparent. You would find great tips on how to make that dream amount every month. So go ahead and click here for more details and open floodgates to your online income. All the best.

Post a Comment