Answer Book question

I have ₹25 lakh. Should I buy a machine or keep working capital?

Keep working capital. Buy the machine with a bank loan under a collateral-free or subsidy-linked scheme after you have validated demand. Your own ₹25 lakh should cover the margin money the bank requires, six to nine months of running costs, and a reserve. Businesses die of cash shortage far more often than of machine shortage.

By Kerala Rising · ·

Short answer

Keep working capital. Buy the machine with a bank loan under a collateral-free or subsidy-linked scheme after you have validated demand. Your own ₹25 lakh should cover the margin money the bank requires, six to nine months of running costs, and a reserve. Businesses die of cash shortage far more often than of machine shortage.

Real life

Two food-processing start-ups in Pathanamthitta. One spends ₹22 lakh on a plant and runs out of cash in month five waiting for payments. The other spends ₹8 lakh, finances a ₹15 lakh machine through a bank with a subsidy scheme, and keeps ₹17 lakh as working capital and margin. The second survives the slow first year.

What this means

Term loans for machinery are what banks are designed to give, especially with a subsidy scheme attached. Working capital is what banks are reluctant to give a new business. Use your own money for the thing the bank will not fund.

What to check

Bank margin requirement (typically 10–25 percent of project cost) Scheme whether you may qualify for the machine Months of working capital needed Receivables cycle in your industry Reserve

What people often miss

Using own funds for the machine "to avoid debt" and then having no runway.

The Kerala / NRI angle

Several Kerala schemes give capital subsidy on machinery financed through banks; buying with cash can forfeit the subsidy. Check before paying.

An example

₹25 lakh: ₹4 lakh margin money, ₹15 lakh working capital, ₹6 lakh reserve. Machine ₹16 lakh via bank loan with subsidy reducing the effective cost.

When this may not be the right answer

If the machine is small and the business is cash-generating from day one, paying cash can be fine.

What to do next

Validate demand Get the bank's margin requirement Check subsidy before purchase

Related questions

Should I buy machinery with cash or finance it? Should I apply for subsidy before buying machinery? How much working capital do I really need?

Related Kerala Rising help

Loans, grants & subsidies · Start or grow a business

Sources and what to verify

RBI directions on MSE collateral-free lending · CGTMSE scheme guidelines · MSMED Act 2006 delayed-payment provisions · MSME Samadhaan portal · Udyam registration portal · Kerala Industries Department scheme documents (verify current terms) Rates, limits and whether you may qualify change. Confirm with the official source. Ask Kerala Rising: Send us the quotation before you pay the advance. Or send us the bank's letter before you sign the mortgage. We will tell you what questions to ask. WhatsApp +1 443 595 9000 · keralarising.com Kerala Rising › Business › Finance · Business 3

Before you act

This page is general orientation, not personal insurance, investment, medical, legal, lending, tax, or professional advice. Rules, rates, benefits, and claim or application decisions can change. Confirm the current position with the named official source and use a licensed or qualified professional where your situation requires one. Kerala Rising does not decide whether you may qualify, approve claims, or promise an outcome.