MSMEs OR UDYAM REGISTRATION
It is a government registration for MSMEs providing them with a unique Identity Number and a recognition certificate, to certify them as micro/small/medium enterprises. What are the benefits of Udyam Registration? Interest rate Subsidy on Bank loans. Collateral free [...]
How to Prepare a Project Report for PMEGP: Step-by-Step Guide
Are you intending to avail of a PMEGP loan but you do not know how to prepare a Project Report for PMEGP? You are not the only one! Prime Minister Employment Generation Programme (PMEGP) is one of the most [...]
Debt Financing
Debt financing for startups means getting the borrowed funds. When a startup borrows money from outside at interest, it is called finance through debts. There are options for raising finance namely either through debt or equity or through a [...]
How to Access Global Markets with Low Investment?
“95% of the world’s consumers live outside your domestic market.” – World Bank This single statistic shows why businesses of all sizes, from small exporters to fast-growing startups, are increasingly looking outward. Until recently, the idea of expanding globally [...]
Top 10 Most Successful Small Business Ideas to Start with Low Investment
Did you know that more than 70 percent of Indian start-ups are initiated with an initial investment of less than 5 lakhs- this is a testimony that big success does not necessarily require big capital. With the current world, [...]
How to Prepare a CMA Report for Bank Loans
Want to apply for a business loan? The CMA report for bank loans is one of the important documents needed by the banks. RBI guidelines suggest that more than 85% of business loans with an amount of 2 crores [...]
MSME Loan schemes available in Tamil Nadu
Micro, Small and Medium Enterprises (MSMEs) are an important part of the Indian economy, contributing significantly to employment generation and GDP growth. However, lack of access to finance is a major challenge faced by MSMEs in the country. To [...]
Mukhymantri Yuva Swarojgar Yojana, MMYSY
The state government of Chhattisgarh is inviting applications under the Mukhyamantri Yuva swarozgar Yojana(MMYSY). Under this scheme, the state government provides financial assistance to such youth who want to set up their own businesses. Therefore, such aspiring youth who [...]
Point of Sale (POS) System
The Point of Sale (POS) System serves as the central element of your business. A POS is a location where your customer makes a payment for products or services at your shop. Simply put, it’s the centre where everything [...]
How can I Apply MUDRA Loan?
You can apply for Mudra loans online and offline at their convenience. MUDRA, Micro Units Development & Refinance Agency loans are offered up to ₹ 10 Lakh to micro, small, and medium enterprises. The loan is applicable for a [...]
Business Loan Schemes for Sole Proprietors in India
The sole proprietorship is one of the most common business types. In India, more than three-fourths of businesses consist of sole proprietors. They enjoy various benefits such as easy setup, less paperwork, better control over their business etc. These [...]
Mudra Loan: Who can avail? Eligiblity?
Any individual running non-corporate non-farming business activities can apply for a MUDRA loan under the Pradhan Mantri Mudra Yojana Scheme. The following are the Mudra Loan Eligibility criteria: Applicants should have an age limit of 18 years and a maximum [...]
How to Apply for ICICI Business Loan – Step-by-Step Guide
One of the initial steps to expand your business is to get the appropriate funding. The ICICI business loan is a convenient, flexible and quick way to borrow money with ease by small businesses, entrepreneurs, and startups. ICICI Bank [...]
Project Report on Artificial Intelligence: Trends, Benefits, and Insights
The world is evolving at a higher pace because of AI. According to the experts, it has the potential of adding 15.7 trillion to the economy of the world by 2030. This is why it is good to learn [...]
Business Loans for Manufacturers in India
India is the fifth largest manufacturing country. This sector has been growing at an average of 7%-8% annually. As a developing country, there is a huge opportunity for manufacturers to use the increasing demand, both locally as well as [...]
Top 10 Low Investment Business Ideas in India
Party planning or event management Good event management requires business management and leadership skills, as well as a lot of imagination. Parties, ceremonies, honours and felicitations, exhibits, seminars, radio, TV or reality shows, festivals, and other events could all [...]
E-COMMERCE AND ONDC IN INDIA
What is ONDC ( Open Network for Digital Commerce )? ONDC is a government initiative to promote open networks for all aspects of the exchange of goods and services over digital networks. ONDC seeks to [...]
Startup India
The Startup India campaign was started in 2016 to encourage entrepreneurship in India. The objective was to reduce the regulatory burden on Startups, thereby allowing them to focus on their core business and keep compliance costs low. It was [...]
How To Start a Business in India
Entrepreneurship is the creation or extraction of value. In India entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business. In other words, the process of setting up a business is known [...]
What is a Profit & Loss Statement?
A profit and loss statement simply known as a P & L account or income statement is one among the financial statements which provide the company’s revenue, expenses, profit & loss over some time. The P&L statement will help [...]
Machinery or Equipment Loan
Although many SME loans on the market can be used for various purposes, a specific loan can be advantageous if you are sure about the purpose of taking the loan. For example, one type of loan that can be [...]
RBI TAX SAVING BONDS
RBI Tax saving bond is also called Wealth tax. A wealth tax is a tax on an entity's holdings of assets. It can purchased through:- https://rbi.org.in/home.aspx This includes the total value of; Personal assets including cash. Bank deposits. Real [...]
Apply for Bank of Maharashtra Business Loan – Fast Approval, and Low Interest
Want to expand your business? Bank of Maharashtra business loan is a wise option for entrepreneurs and small business owners who want to obtain fast and cheap money. This loan is characterized by a fast approval rate, flexible repayment [...]
Udyam Registration in India
A micro, small and medium enterprise (MSME) will now be identified as Udyam as per the notification issued by the Ministry of MSME on 26 June 2020. The ministry has also come up with specific guidelines for the classification of MSMEs. Also procedure [...]
Documents Required for Business Loan
An entity may construct or expand a business unit using a loan. You can use the obtained cash for general company expenses such as purchasing machinery for plants, hiring personnel, renting office space, paying off the mortgage, and more. [...]