Step by Step Procedure to avail PMEGP Loan and Subsidy
PMEGP is implemented by the Khadi and Village Industries Commission (KVIC) functioning as the nodal agency at the national level. At the state level, the scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), [...]
Supply Chain Finance (SCF)
Supply chain finance (SCF) is a form of finance in which suppliers can receive payment on their invoices in advance. Supply chain finance enables both buyers and suppliers to optimize their working capital. It reduces the risk of supply [...]
Swami Vivekananda Assam Youth Empowerment
The government of Assam launched Swami Vivekananda Assam Youth Empowerment (SVAYEM) Yojana in the year 2017. Under the SVAYEM scheme, the government provides monetary support to Assam's young people to take up revenue activities in the trade, manufacturing, and [...]
Swami Vivekananda Swanirbhar Karmasansthan Prakalpa
The West Bengal Swarojgar Corporation Ltd implements the Swami Vivekananda Swanirbhar Karmasansthan Prakalpa(SVSKP), a flagship scheme of the Department of Self Help Group & Self Employment (WBSCL). The basic goal of the scheme is to increase access to credit [...]
TAX DEDUCTED AT SOURCE (TDS)
In India, tax deduction at source (TDS) is a way of collecting taxes from income, dividends, or asset sales. It works by requiring the payer to deduct the tax amount before giving the remaining money to the recipient. Advantages [...]
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 [...]
The Future of AI in Project Reporting: A Comprehensive Guide
In the dynamic landscape of project management and reporting, Artificial Intelligence (AI) is emerging as a transformative force, offering innovative solutions to streamline processes and enhance decision-making. In this comprehensive guide, we'll delve into the integration of AI in project [...]
Top 10 Low Investment Business Ideas in India
Party planning or event management Good event management requires business management and leadership skills, as well as a lot of imagination. Parties, ceremonies, honours and felicitations, exhibits, seminars, radio, TV or reality shows, festivals, and other events could all [...]
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 [...]
Top 5 Government Loan Schemes for Small Businesses
Approximately 40 million Micro Small and Medium Enterprises (MSMEs), both registered and unregistered, exist in India. The government provide some loan schemes to assist small and medium enterprises. These loans primarily aim to assist the less fortunate and middle-class [...]
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 [...]