India today is a land of opportunity. There has never been a better time to start a business in the country. In the last 5 years, India’s global ranking in the ease of running business list has jumped from 142 to 63. The digital transformation has led to a tremendous increase in opportunities as well …
Read MoreImprove the CIBIL Credit Score for a Business Loan The CIBIL score plays a crucial part in deciding your business loan eligibility. Financial institutions, including Non-Banking Financial Companies (NBFCs), and banks consider your credit score a mandatory condition before trusting you with financial lending for your venture. If you are searching for a loan for …
Read MoreIntroduction to Flat Rate and Reducing Interest Rate Non-banking financial companies (NBFCs) and banks offer different types of financial assistance for fulfilling the applicants’ monetary needs. The financial aid includes an MSME loan for business, home loan, corporate loan, or personal loan. When we apply for a loan, lenders give us the option of a …
Read MoreIntroduction Governments at both the state and central levels have recognised the importance of micro-, small-, and medium-sized enterprises (MSME) and their impact on the Indian economy in numerous ways. Regardless of the industry or sector, MSMEs are critical to their growth. However, as online shopping has increased, MSMEs have proved their worth by tending …
Read MoreEmpowering women is empowering the nation, and countries across the globe accentuate its importance, more than ever. Multiple initiatives are on the rounds and the issues businesswomen face are highly addressed and brought into the limelight to have them sorted. The government of India has brought forth Schemes for Women, to help put the word …
Read MoreIntroduction A cheque is a bill of exchange or an order to a bank. It requires paying a specified amount from the drawer’s account to the bearer of the cheque or to whom it is ordered. A cheque has three parties associated with it: a drawer, a drawee, and a payee. These parties are defined …
Read MoreAmazon had committed to digitizing 10 million micro, small- and medium-scale enterprises by 2025. The newly-launched Amazon Digital Kendras will be the physical centers that will provide information to MSMEs regarding the advantages of e-commerce. They will also help businesses efficiently employ third-party services. These would include assistance in cataloging, taxation and GST support, digital …
Read MoreA business operates in an environment of uncertainty. Macro factors (economy, policy, regulations, climate, and more) and inherent situations can also sometimes become a stumbling block, particularly for a small business. The most common issue is a sudden cash crunch. A short-term business loan can be of crucial help at the time of need. Small …
Read MoreWho doesn’t like to earn some extra moolah? Everyone would love to have some extra cash to fulfill their needs. However, our mainstream jobs aren’t always adequate. Therefore, if you want to have a side income or a backup job before working full time, a part-time job will help you kill two birds with one …
Read MoreStarting your own business could be cumbersome if your finances are not well-planned. One of the ways to raise capital for your business is by taking SME Business loans from banks or NBFC (Non-Banking Financial Corporation) in India. In India, the Average interest rate on a business loan is 16.6%. Since it usually ranges from …
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