MSMEs (Micro, Small, and Medium Enterprises) are the small businesses that drive our economy forward. MSMEs are the backbone of the economy in developing countries like India, and they contribute to the country’s socio-economic development. After agriculture, the Micro, Small, and Medium Enterprise (MSME) sector employs the second-largest number of people in India. It accounts …
Read MoreJaipur is a lively city as well as a world-renowned tourist destination. The city has a large community of artisans, craftsmen, and other small industrial groups creating and developing products for tourists. Apart from the tourist-focused small-scale sector, additional small- to medium-sized industrial businesses do not typically qualify for bank financing. This is due to …
Read MoreWhat is an MSME Loan? MSME Loans are types of loans for Micro, Small, and Medium Enterprises which can be used for various purposes like new inventory, purchasing new stock, working capital loans, and even expanding your business. MSME Loans for new businesses MSME loans for new businesses are available for businesses with a record …
Read MoreSeveral banking and non-banking structures in a country offer the loan service. The main purpose of these loans is to fulfil the credit needs of the person. The loan can be granted for several reasons like home loans, business loans, car loans, etc. These loans are segmented into two categories further depending upon the security …
Read MoreUnsecured Business Loans are loans that are offered without any collateral. These loans do not require security. They are short-term, small loans provided to cover periodic expenditures, raw material costs, and vendor payments, i.e., these loans are used for working capital management. Furthermore, these loans are also be used to expand a business. However, since …
Read MoreWhen we discuss loan settlement or repayment, many business people are nervous. They believe it is extremely complex and will need precise preparation to repay the business loan. You must practice rigorous debt management and financial planning to pay off your company loan without incident. When should you begin paying back your unsecured business loan? …
Read MoreAre you a retail business owner? Or someone who’s planning to do so? If yes, this article is for you! Operating retail businesses can be a challenge, albeit with plenty of growth and scope for success. As a retail business, you might need funding for a variety of purposes. From purchasing inventory to marketing and …
Read MoreWhat is TAN number? A TAN is a unique number of ten-digits issued in India to persons who are subject to the Income Tax Act, 1961 in order to decrease or levy taxes on the money paid by them. The TDS (tax deducted at source) or indirect taxes levied by India on payments made is …
Read MoreGetting a term loan for business has become easy, particularly after the emergence of fintech NBFC companies offering loans in the simplest way possible. Everything happens online with little or no physical interaction. That flexibility and versatility of the loan process without any collateral requirements is enticing people availing loans without much prudence. However, do …
Read MoreIntroduction to MSME and Taxation For nearly half a century, small businesses and enterprises in India paid their taxes under the purview of many laws, including the most recent VAT or Service Tax. Since July 1, 2017, all registered businesses have been mandated to comply with the norms of Goods and Service Tax (GST). This …
Read More
