What is Depreciation?
When we purchase any fixed asset, its value decreases over time. It means that when we sell the asset, we are not selling it at its original price but at a lower price, and this lower value is known as depreciation. An asset's value decreases when use, damage, wear and tear, or obsolescence takes [...]
What is Current Ratio?
The current ratio is a liquidity ratio that calculates a company's ability to meet its short-term debt and obligations, or those due in a single year, using balance-sheet assets. The working capital ratio is another name for it. Investors prefer a current balance of one or more. It is less than one indicates that [...]
How to write a Business Plan?
If you are one of the many people thinking about starting a small business. Then having a business plan is one of the first things you should have on your list of things to do. It does not matter if the size of the business you are starting is small or big. Having a [...]
Chief Minister Employment Generation Programme, CMEGP
Karnataka launched the Chief Ministers Self-Employment Generation Programme (CMEGP) to establish micro-enterprises in rural parts of the state. CMEGP - Govt of Karnataka, promotes self-employment among aspiring rural entrepreneurs by investing capital up to INR 10 lakhs through the District Industries Centre and Karnataka State Khadi and Village Industries Board. The core concept behind [...]
What is Mukhyamantri Yuva Udyami Yojana?
The Mukhyamantri Yuva Udyami Yojana was developed by the MSME Department of the Madhya Pradesh Government & incorporated this scheme to provide loans through banks to the unemployed youth of Madhya Pradesh to help them set up their industry (manufacturing) / (service enterprises). Under the scheme, the benefit of margin money assistance, interest grants, [...]
Unemployed Youth Employment Generation Programme (UYEGP)
The Unemployed Youth Employment Generation Programme (UYEGP) scheme to alleviate the unemployment problems of socially and economically weaker segments of society, particularly among educated and unemployed people, to become self-employed by setting up Manufacturing / Service / Business enterprises. Eligibility for The Unemployed Youth Employment Generation Programme : The applicant should be at least [...]