Trending Innovative Business Ideas in India 2023
The following are 5 trending and innovative business ideas that you can start in India in 2023: Medical Store The medical store business is playing a vital role in the Indian economy. It is very advantageous in nature as [...]
TRENDING SMALL BUSINESS IDEAS IN INDIA 2022
The below are some trending small business ideas that you can start in 2022: Aluminium Utensils Shop A utensil is a tool you can hold in your hand and use around the house. In the kitchen, common utensils are [...]
Types of Business Loans in India
A business loan is a type of financial assistance one can avail to meet various needs of a new or growing business. The lender feels comfortable offering a business loan to a borrower if the application has a strong [...]
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 [...]
Types of Working Capital Loan
There are different types of working capital financing available in the Indian market. As a result, applicants can choose from Cash credit/Bank overdraft, trade credit, bank guarantee, invoice factoring, and letter of credit. Inadequate working capital can also result [...]
Udyam Registration in India
A micro, small and medium enterprise (MSME) will now be identified as Udyam as per the notification issued by the Ministry of MSME on 26 June 2020. The ministry has also come up with specific guidelines for the classification of MSMEs. Also procedure [...]
Unemployed Youth Employment Generation Programme (UYEGP)
The Unemployed Youth Employment Generation Programme (UYEGP) scheme to alleviate the unemployment problems of socially and economically weaker segments of society, particularly among educated and unemployed people, to become self-employed by setting up Manufacturing / Service / Business enterprises. [...]
Unlocking Success: The ABCs of Project Report Formats
In the realm of business, the project report is the beacon that illuminates the path to success. However, crafting an effective project report goes beyond the content—it extends to the format. The choice between various project report formats, including Word [...]
Uttarakhand Mukhyamantri Swarojgar Yojana
What is Uttarakhand mukhyamantri swarojgar yojana? The Mukhyamantri Swarozgar Yojana has been introduced by the government of Uttarakhand. The programme is for immigrants from Uttarakhand who return to the state as a result of the coronavirus. To encourage self-employment, [...]
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 [...]
What are the Documents Required for Mudra Loan?
PMMY loan offers up to Rs. 10 Lakh for MSMEs for non-corporate non-farming origin businesses. The objective is to encourage the young generation into entrepreneurship by promoting them with financial aid, focusing on the growth of micro-enterprises. The applicant [...]
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 is a Bankable Project Report?
A bankable project report is a document submitted to the bank, which interprets the preferred business. It will give the lenders a narrative of the project submission, also the possibility of the proposed business/service. What makes a project bankable? [...]
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 [...]
What is a Letter of Credit?
A letter of credit, or "credit letter" is a letter from a bank guaranteeing payment. They can provide security to a seller that will be received on time and for the correct amount. If the buyer is incompetent to [...]
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 [...]
What is a Microloan?
Microloans are short-term, lower-dollar-amount loans. It is available to self-employed people, new businesses, microenterprises, small firms, and private individuals with little or no capital. A sort of tiny loan known as a microloan is given to microbusiness owners or [...]
What is a Profit & Loss Statement?
A profit and loss statement simply known as a P & L account or income statement is one among the financial statements which provide the company’s revenue, expenses, profit & loss over some time. The P&L statement will help [...]
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, [...]
What is Capital Budgeting?
The term "Capital Budgeting" refers to the idea that a corporation should make decisions regarding its resources in order to maximise earnings over the long term. Perhaps you're curious as to what this phrase means and why it's so [...]
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 [...]
What is Current Ratio?
The current ratio is a liquidity ratio that calculates a company's ability to meet its short-term debt and obligations, or those due in a single year, using balance-sheet assets. The working capital ratio is another name for it. Investors [...]
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 MSME Loan?
Entrepreneurs and owners of businesses can apply for MSME Loans, commonly referred to as Micro, Small, and Medium Enterprise Loans. This sort of loan gives you access to operating capital that you may use for a range of things, [...]
What is Mukhyamantri Yuva Udyami Yojana?
The Mukhyamantri Yuva Udyami Yojana was developed by the MSME Department of the Madhya Pradesh Government & incorporated this scheme to provide loans through banks to the unemployed youth of Madhya Pradesh to help them set up their industry [...]