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 [...]
Business Loan Schemes in India: Central & State Options for MSMEs
When you are running a small business in India, and you are well aware of how difficult it can be to get money at the right time. Whether it is working capital, expansion or cash flow management, finances are [...]
Most Popular Innovative Business Ideas in India
The following are some most popular innovative business ideas in India in 2023: Rainwater harvesting It is the collection and storage of rain, rather than allowing it to run off. Rainwater is collected from a roof-like surface and redirected [...]
Mastering the Basics: Project Report Contents and Components
Embarking on a business venture or undertaking a project often requires more than just a vision; it demands a detailed and well-structured project report. The project report acts as the cornerstone of your endeavor, providing a comprehensive overview for stakeholders [...]
Peer-to-Peer (P2P) Lending
Peer-to-peer lending also referred to as P2P lending, is a form of direct lending of money to individuals or businesses. It works without an official financial institution participating as an intermediary in the deal. P2P lending is generally done [...]
Pravasi Loan (NDPREM) of Kerala
Norka Department Project for Returned Emigrants is known by the abbreviation Ndprem. A returnee who was an expatriate and wants to start a company in Kerala is given financial assistance and an income subsidy for his investment under the [...]
Karnataka Government Loan Scheme for Small Business: All You Need to Know
The Karnataka economy depends on small businesses as they contribute to local development and employment, as well as innovation. The state has launched a variety of initiatives in a bid to facilitate the growth of the industries and one [...]
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 [...]
What are PSB Loans in 59 minutes?
The Government of India launched a quick business loan portal for individuals who wish to extend their existing business. Under this scheme, MSMEs can get loan amounts from Rs. 1 Lakh to Rs. 5 Crore in less than 59 minutes [...]
Flexible Side Jobs for Moms: Balancing Family and Finances
In the era of digital technology, a lot of moms are seeking a solution to earn money at home without interfering with family time. And that is where side jobs for moms come in! You are a homemaker, new [...]
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 [...]
MSME/UDYAM Registration
Any person who intends to establish a micro, small or medium enterprise may file MSME/UDYAM Registration online in the Udyam Registration portal. It is based on self-declaration with no requirement to upload documents, papers, certificates, or proof. On registration, an [...]
What is the difference between liability and debt?
Debt majorly refers to the money you borrowed, but liabilities are your financial responsibilities. At times debt can represent liability, but not all debt is a liability. Liability vs Debt is a vital part of any business that wants [...]
Kudumbashree Micro Enterprise Development
On August 27, 2020, Chief Minister Pinarayi Vijayan declared the Kerala Athijeevanam Keraleeyam Scheme. The state government will utilize its CM Local Employment Assurance Programme (LEAP) to execute this scheme. Kudumbashree Micro Enterprise development programme is proposing to introduce [...]
Best Format for Project Report for Bank Loan
A project report for bank loan is one of the most important documents you will require in case you need a bank loan to start a business. It assists the banks in knowing your business model, the financial plan [...]
What are the Documents Required for Mudra Loan?
PMMY loan offers up to Rs. 10 Lakh for MSMEs for non-corporate non-farming origin businesses. The objective is to encourage the young generation into entrepreneurship by promoting them with financial aid, focusing on the growth of micro-enterprises. The applicant [...]
Swami Vivekananda Swanirbhar Karmasansthan Prakalpa
The West Bengal Swarojgar Corporation Ltd implements the Swami Vivekananda Swanirbhar Karmasansthan Prakalpa(SVSKP), a flagship scheme of the Department of Self Help Group & Self Employment (WBSCL). The basic goal of the scheme is to increase access to credit [...]
How Does Financial Accounting Help Business Management?
Accounting is necessary for small business owners as it helps the owners, managers, investors, and other stakeholders in the business judge the performance of the business. Even the smallest business has more accounting data. Financial accounting helps business management [...]
Role of Project Report in Bank Loan Approval
Information from different aspects like technical, financial, economic, production, and managerial are important for any business. They play a significant role in the business phases of startup, growth, and expansion. What is a Project Report? A written document associated [...]
Raj Udyog Mitra Scheme
The government launched the Raj Udyog Mitra scheme for individuals in Rajasthan who wish to initiate a new micro, small, or medium enterprise but face obstacles under the old policies and laws of MSME. However, now after the launch [...]
Priority to MSMEs in Post-COVID
According to the Annual Report of the Department of MSME published in September 2019, there are 6.34 crore MSMEs in India. The COVID pandemic has left an enduring impact on the economy. Global supply chains are affected, imports and [...]
Methods to Fund Your Business Growth
At some point, this will likely require additional funding to cover expenses and accelerate growth. Most small business owners are constantly looking for ways to improve their business growth. Let's understand the key methods to fund your business growth. [...]
Business Loan EMI Calculation
Business loans are loans that companies avail themselves of with a specific interest and repayment period to meet the growing business requirement. Business loans help to fund the business to expand existing business, production, buy new machinery, etc. Funding [...]
Medical Practitioner Scheme Tamilnadu
India is becoming a developing country day by day. TIIC has introduced so many schemes for the youth. To give financial assistance to rural medical practitioners under the Medical Practitioner Scheme- Tamilnadu to set up an independent practice. Tamil [...]
MSME Loan schemes available in Assam
Assam is a state in northeastern India known for its lush green forests, tea plantations, and diverse culture. The state has a vibrant MSME sector that plays a crucial role in its economic growth. To support the growth of [...]