Answer Book question
Not from the part of your retirement savings you need to live on. You can give from surplus, treat it as a loan with terms, or. better. help him build a case for a bank loan under a scheme so that the bank underwrites the idea instead of your affection. A parent who funds a failed business from their corpus has two problems: the son's failure and their own retirement.
Not from the part of your retirement savings you need to live on. You can give from surplus, treat it as a loan with terms, or. better. help him build a case for a bank loan under a scheme so that the bank underwrites the idea instead of your affection. A parent who funds a failed business from their corpus has two problems: the son's failure and their own retirement.
A retired teacher gives ₹18 lakh of his ₹30 lakh to his son's restaurant. It closes. He now has ₹12 lakh and twenty years to live. A neighbour instead funds ₹3 lakh as margin money and helps the son get a CGTMSE loan; the bank's appraisal forces a better plan, and the parent's corpus is intact.
Your retirement corpus has one job. Gifts and loans to children come from surplus. Bank underwriting is a feature, not an obstacle.
Your own corpus need Surplus beyond it Whether the idea survives an Opportunity Check Bank-loan route with your contribution as margin only Written terms if it is a loan
Funding the whole thing to avoid "the bank hassle."
This is one of the commonest questions Kerala Rising receives. Send the son's plan for an Opportunity Check first.
Parent contributes ₹3 lakh margin; bank lends ₹15 lakh under a scheme; parent's corpus untouched.
If you have ample surplus and the idea is validated, a larger gift can be fine. from surplus.
Compute your own need Send the idea for validation Offer margin money, not the whole
I have ₹50 lakh for retirement. How much monthly income can it support? I have ₹10 lakh. What business can I realistically start in Kerala? Can I combine a bank loan and subsidy?
Family support · Opportunity Check · Senior-citizen services
Kerala Registration Department procedures · Income Tax Act provisions on gifts and clubbing · Hindu Succession Act / Indian Succession Act / personal laws as applicable · RBI guidance on joint accounts and minors' accounts · Kerala Rising is not a law firm; property and succession matters need a lawyer Rates, limits and whether you may qualify change. Confirm with the official source. Ask Kerala Rising: Send us the situation. who, what, how much, and what you are worried about.
We will help you see the financial shape of it and tell you where a lawyer or CA is needed. com Kerala Rising › Family › Money & property · Family 5
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