How To Apply For Business Loan In India
What are the main criteria for applying for a business loan? Age Limit: The applicant should be a minimum of 21 years and a maximum of 65 years. Income: The business should be profit-making at least for the past 2 years. Turnover: ₹150,000 p.a. should be the minimum annual income. Essential documents needed for [...]
Most Popular Loan Schemes in India in 2023
The following are some most popular loan schemes that you can avail in India: 1. PMEGP (Prime Minister's Employment Generation Programme ) Who is eligible for PMEGP? Any individual above the age of 18 can apply for the scheme. Persons with educational qualifications of 7th standard are eligible for this. There will be no [...]
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 as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, [...]
Tax Saving Tips for Entrepreneurs
Entrepreneurs and business owners are accountable for paying income tax on the revenues generated. Every entrepreneur or business owner must accept the hard reality that they pay a portion of their revenue to the government as tax. This can be a sizable sum, and they are always in search of deductions and exemptions to [...]
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 with forecasting future income & expenditure and its financial viability. The project report includes information [...]
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 combination of both debt and equity. Thus debt financing and equity financing are major sources [...]