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 Norka Department Project for Returned Emigrants (NDPREM) program. NORKA ROOTS is the nodal agency that [...]
How to Apply for Karma Sathi Prakalpa Scheme in West Bengal
The West Bengal government introduced the Karma Sathi Prakalpa scheme to help the dreams of young entrepreneurs. This project offers simple funding up to 2 lakh rupees to get the youth to begin their own business. Since it was launched in 2020, more than 1 lakh beneficiaries have availed of the scheme so far. [...]
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 to become an industry leader or manage its operations successfully. To get a good reading [...]
Madhyapradesh Mukhya Mantri Swarozgar Yojna
Madhyapradesh Mukhya Mantri Swarozgar Yojna is a scheme that offers loans up to 25 lakhs for promoting entrepreneurship in Madhya Pradesh without the need for collateral security. Who is eligible for this scheme? Applicant must be a permanent resident of Madhya Pradesh Applicant should be 18 years old No education qualification for availing of [...]
Uttarakhand Mukhyamantri Swarojgar Yojana
What is Uttarakhand mukhyamantri swarojgar yojana? The Mukhyamantri Swarozgar Yojana has been introduced by the government of Uttarakhand. The programme is for immigrants from Uttarakhand who return to the state as a result of the coronavirus. To encourage self-employment, the government would offer loans up to Rs. 25 lakh under this programme. With the [...]
How to Prepare a CMA Report for Bank Loans
Want to apply for a business loan? The CMA report for bank loans is one of the important documents needed by the banks. RBI guidelines suggest that more than 85% of business loans with an amount of 2 crores and above will need a proper submission of CMA data. This report (Credit Monitoring Arrangement) [...]