Small Scale Industries India
Small-scale industries in India, also known as SSIs, form the lifeline of an economy. Therefore, it is very significant for a country like India. Being a labour-intensive industry still requires small capital. This is very effective in generating job openings. The investment in such industries is one-time. Small-scale industries connect small enterprises that manufacture [...]
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 from Public and Private Sector Banks and Non-Banking Financial Companies (NBFCs). PSB Loans in 59 [...]
8 Steps to Starting Online Business
Launching an online business can be an affordable plan to become an entrepreneur. And with the wide variety of e-commerce platforms and channel options, you have more access than ever to get your products and services in front of a huge audience. Here are 8 Steps to Starting a Small Business Online: 1. Start [...]
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 enterprise will be assigned a permanent identification number to be known as the “‘Udyam Registration [...]
What is MSME Loan?
Entrepreneurs and owners of businesses can apply for MSME Loans, commonly referred to as Micro, Small, and Medium Enterprise Loans. This sort of loan gives you access to operating capital that you may use for a range of things, such as purchasing expensive equipment, paying your workers' wages, growing your firm, or buying new [...]
What is Unsecured Business Loan?
Unsecured business loans are an excellent funding opportunity for businesses that don’t own many assets. This loan doesn’t require collateral security to submit to the bank or NBFC. A secured loan uses assets as security, which means if things don’t work out, the lender can sell the assets to recover the value of the [...]