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 [...]
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 [...]
Business Loan for Grocery Stores – Eligibility & Documents Required
Did you know that 90% of India's retail sector is unorganised and consists of small grocery/kirana stores. As per the latest survey, there are around 12 million grocery stores across India. Most of these shops face regular cash flow [...]
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 [...]
Business Loan EMI Calculation
Business loans are loans that companies avail themselves of with a specific interest and repayment period to meet the growing business requirement. Business loans help to fund the business to expand existing business, production, buy new machinery, etc. Funding [...]
Tax Saving Tips for Entrepreneurs
Entrepreneurs and business owners are accountable for paying income tax on the revenues generated. Every entrepreneur or business owner must accept the hard reality that they pay a portion of their revenue to the government as tax. This can [...]
Top 10 Questions to Ask Your Bank Before Applying for a Business Loan
Finally, you are ready to apply for a business loan. Everything is sorted, and you are ready to move to the next stage of your business. But wait, have you asked these important questions to your lender? Choosing the [...]
Types of Financial Statements
Financial statements are written records that convey the business activities and the financial performance of a company. Government agencies, accountants, firms, etc., often audit these to ensure accuracy and for tax, financing, or investing purposes. Financial statements include: Balance [...]
General Scheme For New & Existing Entrepreneurs – Tamilnadu
TIIC designed to help entrepreneurs who come forward to set up fishing net manufacturing units in the region. Therefore, the General Scheme For New & Existing Entrepreneurs Tamilnadu aims to provide all small, medium, and large-scale companies with full [...]
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 [...]
SBI e Mudra Loan
Under the PM MUDRA Yojana (PMMY), SBI provides business loans up to 7 years (up to 10 lakh rupees, extended to 20 lakh rupees as per Budget announcement and Official Gazette dated 24 October 2024) at a repayment tenure [...]
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 [...]
Kudumbashree Micro Enterprise Development
On August 27, 2020, Chief Minister Pinarayi Vijayan declared the Kerala Athijeevanam Keraleeyam Scheme. The state government will utilize its CM Local Employment Assurance Programme (LEAP) to execute this scheme. Kudumbashree Micro Enterprise development programme is proposing to introduce [...]
RBI TAX SAVING BONDS
RBI Tax saving bond is also called Wealth tax. A wealth tax is a tax on an entity's holdings of assets. It can purchased through:- https://rbi.org.in/home.aspx This includes the total value of; Personal assets including cash. Bank deposits. Real [...]
Micro Small Enterprise Funding Scheme – Tamilnadu
The Micro Small Enterprise Funding Scheme was initiated by the Government of Tamil Nadu to advance the growth and competitiveness of micro and small enterprises (MSE). The Tamil Nadu Industrial Investment Corporation Limited (TIIC) is charged with overseeing and executing this [...]
Pros and Cons of Project Finance: Is It Right for Your Project?
Did you know? The World Bank estimates that more than 60% of all large infrastructure projects around the world are funded using project finance structures. This indicates how this mode of funding has become so popular and powerful. However, [...]
Fostering Entrepreneurial Spirit: Navigating Through the 2024-25 Interim Budget with Finline
As the dust settles on the announcement of the Interim Budget for 2024-25, it's clear that the Indian government's stance on nurturing the startup ecosystem and MSME sector remains as robust as ever. With no changes in the existing taxation [...]
MSME Loan schemes available in Arunachal Pradesh
Arunachal Pradesh, also known as the "Land of the Dawn-Lit Mountains", is a northeastern state of India with immense potential for the growth of MSMEs. The state government of Arunachal Pradesh has implemented various loan schemes to support the [...]
MSME Loan Bihar: Top Government Schemes You Should Know
Want to expand your small business in Bihar? Knowledge of the MSME loan Bihar schemes is all that matters. The need for convenient, easy to avail and cheap business loans is increasing with more than 26 lakh registered MSMEs [...]
How to Raise Money for Business as a Women Entrepreneur
Being an entrepreneur is hard when you are a woman trying to make a brand in a male-dominated area. Currently, men comprise 86 % of Indian entrepreneurship and the challenges manifold as there are bigger mountains to climb. Confidence [...]
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 [...]
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 [...]
E-COMMERCE AND ONDC IN INDIA
What is ONDC ( Open Network for Digital Commerce )? ONDC is a government initiative to promote open networks for all aspects of the exchange of goods and services over digital networks. ONDC seeks to [...]
How To Apply For Business Loan In India
What are the main criteria for applying for a business loan? Age Limit: The applicant should be a minimum of 21 years and a maximum of 65 years. Income: The business should be profit-making at least for the past [...]
What is a Line of Credit (LOC)?
A line of credit (LOC) is a preset borrowing limit that borrowers can withdraw at any time. It is an arrangement between a financial institution, usually a bank, and a client. The borrower can obtain money as needed until [...]