What Is an Expense Report?
One uses an Expense Report form to record business expenses. The employees report various business expenses incurred by them out of their pockets. It includes any purchases that are necessary to run a business, such as parking, meals, gas, [...]
New Entrepreneur cum Enterprise Development Scheme
The new Entrepreneur cum Enterprise Development Scheme (NEEDS) is an excellent initiative by the Tamil Nadu Government, Department of Industry, and Commerce. Also, the scheme’s goal is to provide opportunities for entrepreneurship to professional young people. And by providing [...]
A Complete Guide To Pradhan Mantri Mudra Loan Details
Get complete Mudra loan details including types, eligibility, documents, interest rates & benefits. Mudra loan is a government financial assistance scheme under PMMY to small and micro enterprises. It provides collateral-free loans of up to 10 lakhs through [...]
MSME Loan schemes available in Rajasthan
Small and Medium Enterprises (SMEs) play a vital role in the economic development of Rajasthan. With the growth of the MSME sector, there has been a significant increase in the demand for financial assistance. To cater to this need, [...]
DOCUMENTS REQUIRED FOR GST REGISTRATION
Goods and Services Tax or GST is an indirect tax used in India on the supply of goods and services. It is a destination-based tax and comprehensive because it has subsumed almost all the indirect taxes except a few [...]
What is Cash flow statement?
Businesses prepare three financial statements to show how they're doing. These statements are the balance sheet, income statement, and cash flow statement. A cash flow statement is a financial record that details the company's cash intake and outflow during [...]
SBI Business Loan
Any person aspiring to start a business or any individual who wants to expand their business requires funds. Individuals and entrepreneurs take loans at a previously agreed rate of interest. SBI offers loans to self-employed businessmen for financing the [...]
Chief Minister Employment Generation Programme, CMEGP
Karnataka launched the Chief Ministers Self-Employment Generation Programme (CMEGP) to establish micro-enterprises in rural parts of the state. CMEGP - Govt of Karnataka, promotes self-employment among aspiring rural entrepreneurs by investing capital up to INR 10 lakhs through the [...]
Prepare a Projected Balance sheet
A projected balance sheet also known as a pro forma balance sheet, shows the estimation of the total assets and total liabilities of any business. A pro forma balance sheet is a tabulation of future projections. As a result, [...]
From Idea to Report: The Journey of a New Business Project
Embarking on a new business venture is an exhilarating journey that begins with a spark of an idea and culminates in the creation of a compelling project report. This document is not just a formality; it's the roadmap that navigates [...]
What Investors Want to Learn From Your Business Plan
Throwing your idea to investors, whether they are bankers, VCs, or angels, can be intimidating, so plan by putting yourself in the investor’s shoes. Every investor will have their conditions and be looking for something that matches their interests [...]
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 [...]
Andhra Bank Business Loan
Many people will have the dream of starting their own business or if one already has a business to expand it and build it into something better. MSMEs or MNCs everyone will require funds at one point in time [...]
Merchant Cash Advance
As the name implies, a Merchant Cash Advance is an upfront cash advance that is received by a merchant in case he or she has temporary business credit needs and does not qualify for a bank loan. Many times, [...]
Stand-Up India scheme
Stand-Up India scheme focuses on empowering the minorities, such as scheduled castes, scheduled tribes, and women. The scheme was introduced by the Department of Financial Services (DFS), Ministry of Finance, Government of India. The scheme is to facilitate bank [...]
LEAVE ENCASHMENT AND INCOME TAX EXCEPTION IN INDIA
Leave encashment denotes an amount of money obtained in exchange for a period of leave not availed by an employee. An employee can take encashment of acquired leave during the period of retirement. During the maintenance of service or [...]
Why do you need a GST Invoice: Advantages of GST Invoice
Maintaining a successful business requires a great deal of skill, expertise, and aptitude. However, you still require more than that. To operate a business, you must also have a solid understanding of the GST system of taxation. Finline explains [...]
Factors affecting CIBIL score
The following are the main factors affecting the CIBIL score: Repayment History This is a main factor that directly affects your CIBIL score. Every time a person avails credit or a loan, the lender is bound by duty [...]
IDFC First Bank Business Loans
The best thing about IDFC First Bank is that it helps you with business loans. The bank provides support even for equipment purchases, business upgrades, or any other business needs. However, the IDFC business loan will have to pay [...]
Mastering the Basics: Project Report Contents and Components
Embarking on a business venture or undertaking a project often requires more than just a vision; it demands a detailed and well-structured project report. The project report acts as the cornerstone of your endeavor, providing a comprehensive overview for stakeholders [...]
What is a CMA report
To get a bank loan, a working capital loan, or a CC limit, you need to prepare and present CMA data. The CMA report in Excel format is one way to present it more attractively and efficiently. As we [...]
How to Track Business Expenses?
The first step to doing so is separating your business expenses from your personal expenses. This will help you understand how much you’re spending as a small business owner. Thus managing your expenses will increase profitability. Many small business [...]
MSME Loan schemes available in Assam
Assam is a state in northeastern India known for its lush green forests, tea plantations, and diverse culture. The state has a vibrant MSME sector that plays a crucial role in its economic growth. To support the growth of [...]
Puducherry Startup Fund
Start-ups have grown in popularity in Puducherry over the past ten years (Pondicherry). A vibrant group of people, including employees and college students, have stepped forward to launch their start-ups. In Puducherry, start-ups have generated a lot of job [...]
Pradhan Mantri Mudra Loan Eligibility Criteria
Loans for Non-corporate, non-farm small / micro enterprises MUDRA (Micro Units Development and Refinance Agency) Loan is a main program under the Pradhan Mantri Mudra Yojana (PMMY) by the Government of India to assist micro and small enterprises. [...]