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) [...]
What is CMA Report for Bank Loan? Step-by-Step Overview
In India, it has been seen that almost 70% of business loan rejections occur because of missing or inadequate financial documents. The CMA Report is one of the most important documents that banks would require when a person is applying to borrow a loan. When you ask what is CMA report, it is a [...]
Annual Compensation vs Annual Salary: What’s the Difference?
ContentHow Do Credit Cards Work?Credit Card Quick LinksNet Income Formula: How To Calculate Net IncomeWhat is annual income? — Definitions and example calculationsWe need to confirm you’re human.Annual Income MeaningHow can a company change their Annual Income? Income is money (or some equivalent value) that an individual or business gets, usually in exchange through investing [...]