How to get a business loan?
A business loan is sanctioned to start a new business, expand an existing business purchase assets etc. Most entrepreneurs don’t know how to apply for a bank loan or what are the procedures. Here we are explaining the procedures for getting a bank loan. If we can make it much simpler, an entrepreneur must [...]
Second Installment under MUDRA Loan/PMEGP
From 2008 onwards the PMEGP loan scheme is there in our country. Those who availed MUDRA loan and PMEGP and also if you are repaying the loan properly, then you are eligible for getting another loan up to 1 crore. Exiting isn't? MUDRA and PMEGP are two prominent MSME loan scheme available in India [...]
Check list for MSME Loans upto Rs.10 crore
The following is the Check list for MSME Loans up to Rs.10 crore: Proof of Identity: Aadhaar Card / Voter’s ID Card / Passport / Driving License / PAN Card /Signature identification from present bankers of proprietor, partner of director ( if a company) Applicant should not be a defaulter in any Bank/Financial Institution [...]
PMEGP Loan Process Step by Step: How to Apply and Get Approved
Considering starting a business of your own but afraid of financing? The answer could be the PMEGP loan. The Prime Minister Employment Generation Programme (PMEGP) is an initiative of the Government of India which provides financial support and subsidies to first-time entrepreneurs to convert their ideas into reality. This blog will take you through [...]
Project Report Tool for Financial Professionals
Perfect project report tool for Chartered Accountants, Company Secretary, Tax consultants, Advocates/Attorneys. Finline is the first online platform tool to create project reports for bank loans. With Finline professionals can create a perfect report within a very short time. The application will help create a company profile, business profile (we provide sample content), and [...]
MUDRA loan Scheme
Micro Units Development & Refinance Agency (MUDRA) Limited is an institution set up by the Government of India for development and refinancing activities relating to micro units. The Hon'ble Finance Minister announced MUDRA in the 2016 Budget. Under MUDRA, loans are provided under three schemes namely ‘Shishu’, ‘Kishor’ and ‘Tarun’ to signify the stage [...]