Udyami Project Report: A Complete Guide to Bihar Udyami Yojana
Bihar Udyami Yojana is an excellent program to the new business owners in Bihar. However, to avail this scheme, you have to prepare a Udyami project report. The report describes what your business is about, the amount of money you will require and how your business will operate. It is a relevant component of [...]
What is Term Loan: Types, Eligibility, Documents
Term loans are loans that are of a fixed amount distributed by the banks or NBFC to entrepreneurs. At the same time, entrepreneurs can use it for capital expenditure and expansion of business with fixed and floating rates of interest. It is a good way of quickly increasing capital with minimal risk involved. Flexibility [...]
How to get a Startup Loan in India?
When hearing about a startup loan, we feel it is so simple. Owning and operating your very own business can be a dream come true venture for most individuals who get involved in such an ordeal. However, when getting started, money turns out to be the major hurdle for every new entrepreneur. The universal [...]
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 the investors and creditors to determine the past performance of the company. With the help [...]
What is DSCR in PMEGP? Simplified for First-Time Applicants
What is DSCR in PMEGP? What does DSCR mean? You may have this question in case you are applying for a PMEGP loan the first time. DSCR is the acronym of Debt Service Coverage Ratio and this is extremely significant in the case of PMEGP loans. So, what is DSCR in PMEGP is just [...]
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 [...]