“The Government of India has given a great opportunity to Micro, Small and Medium Enterprises (MSME) to avail of special kind of loans called MSME loans......

“Micro, Small and Medium Enterprises are the major contributors to India's social and economic development. This sector has contributed significantly to the country's Gross Domestic Product (GDP). Not only do these MSMEs contribute about eight per cent to the national GDP, but also provide employment opportunities for many......

“If you are running a Small and Medium Enterprises (SME's) business, you would need funds to be injected at regular intervals to expand and sustain its success. Apart from a detailed business plan, and enough capital, you would also look for financing at very attractive terms......

“Starting a business is an exciting process, but there are many things to consider before you take the plunge. One of the first things you need to look at is where you will get your money and your business loan eligibility. .....

“A small business might require funding at different stages, including the launch, running operations, stocking up on inventory, and recovering from losses......

“Several leading banks and NBFCs offer attractive business loans tailored to the requirements of the business and at affordable interest rates. The loan application process has become hassle-free with banks promising instant approval with low EMIs.....

“When you plan to start a business, you know that some extra financing will always be of some assistance to you. A business might never know when it might require some financial help but keeping your options ready is the right step to take. MSME loans provide funds to Micro....

“Every business has the potential to grow big. To fuel that growth, businesses may require external financial aid. Small business loans can be beneficial if you need funds to run day-to-day operations and expand your working space. If you are wondering how to apply for a small business loan or if you have....

“As your business grows, so do your responsibilities. If the daily operations increase by a sizeable amount, without the right funds, it might be hard to keep up. In such situations, working capital financing can come handy. A working capital loan helps you in running your day-to-day operations. These loans are typically used to cover recurrent expenses such as accounts payable....

“MSMEs are at the heart of India's economic progress, according to new statistics from the India Brand Equity Foundation. India roughly has 6.3 crore MSMEs, which contributes approximately to 30% of India's GDP and employs over 11 crore Indians. Despite the great numbers, it is still quite difficult for MSME owners to find timely access to funds to grow their business....

“A property is a dream of every individual as it is a place where one can live according to his comfort. One can make his dreams come true by owning a property. Tax-free properties are a great investment option. They offer lucrative tax benefits and can prove to be a smart business decision. You can easily avail a commercial shop loan to buy a property. This blog will go over exactly what tax benefits you can get. It will also give an overview...

“Running a small business can be challenging considering the financial requirements that follow to sustain or expand the business. In such times, small business loans can prove to be quite fruitful for your business. Some various financial institutions and banks provide you with MSME loans although, due to the competition, it might be taxing to get approval from the lender. Fortunately, by strengthening your loan application, it is possible...

“Micro, Small and Medium Enterprises (MSMEs) are on the rise in India with the Government of India encouraging new entrepreneurs for making the country self-reliant and creating employment opportunities. It has a crucial influence in guiding the Indian economy's growth. The reason for their growth is mainly because of their huge potential in India and the Government's efforts to make them the backbone of the Indian economy...

“A country like India relies on quick and accessible services. People look at the surroundings before buying a house and only buy the houses that are closer to groceries shops, electric shops, auto shops, Kirana stores, pharmacies, etc. as these make our everyday complete by helping us fulfil small ...

“Working capital is the money that a business uses to manage its day-to-day operations. It is available to a company through the sales it makes every day, which is then utilised to pay overheads or short-term debts like utility bills, cover routine expenses, and manage inventory. Without sufficient cash flow, your business will suffer. Hence, it is essential to determine ...

“2021 has been a challenging year for everyone. However, SMEs have especially taken a hit on their business due to new disruptive factors like the supply chain crisis which has led to an increase in demand for working capital, rising inflation and labour costs, reducing their ability to generate economic growth...

“If your business is short on cash or you need financial assistance to expand your firm, a business loan is an ideal option for you. However, before you apply for a loan, you should thoroughly compare the rates of interest and processing fees offered by each institution. Here, we’ll check the average company...

“It is undeniable that businesses need the essential funds to survive and grow. For that, getting a loan is sensible when required. There are multiple avenues for a loan like banks, NBFCs, local moneylenders, or even families. However, it gets difficult sometimes for small businesses to get these business loans due to multiple reasons like lengthy procedures, lack of technology, lack of awareness, different criteria, added stress, and of course security...

“A steady cashflow and working capital ensures the survival of enterprises. Not being able to understand your working capital requirement can make managing daily operations and key investment decisions difficult. As a result of which, your company’s revenue and growth prospects are negatively affected...

“As the name suggests, a Commercial Property Loan is solely used for business purposes. Businesses that have established themselves can now look at the next phase of expansion. It helps entrepreneurs to easily expand their business and set up a new branch in new geographic areas or reach a new target demographic. The commercial shop loan is used to acquire an office/workspace or other property required to grow the business. By meeting certain eligibility criteria, small and...

“Finding the right machinery enables your small business to generate better sales and ensure smooth operational functions. To guarantee that your business works well, you must have adequate machinery in place to enable effective product manufacturing anytime you require. No matter the industrial sector you are in, ensuring that your equipment is up to date is crucial for growth. When it's time to enhance your business...

“As a small business owner, you must have thought about expanding your business. For this, one requires a business or an MSME loan. It is important to understand how small business funding works, how credit scores for businesses are calculated, and how they are different from personal credit scores...

“GST is the single taxation system on goods or services. It has made the taxation system easy to understand and comply with. It reduced multiple layers of taxes levied by state and central government. Single taxation is beneficial for the taxpayer and government equally. It reduces the amount of tax paid and is easy to calculate and collect. Some of the benefits ...

“Many small businesses have boomed up in the last few years, and more and more individuals are becoming entrepreneurs. While business loans can be extremely useful while starting and growing a business, it can be time-consuming to take them from banks. This is why a lot of small business owners prefer NBFCs who give loans quickly and easily. However, it is also extremely important to understand the different types of loans...

“Before GST, you may remember paying the VAT and/or service tax on your purchases. However after its introduction in 2017, GST became a popular conversation starter. The Goods and Services Tax has gained high prominence as an indirect supply tax imposed on transactions of goods and services, GST replaced various indirect taxes such as VAT, service taxes....

“What is DSA? As the term mentions, a Direct Selling Agent is hired by a bank or an NBFC to represent them. Their main role is to find potential customers, look out for many banking facilities like account opening and loan requirements. After finding a potential customer, they guide them with many features of the banking products, making it easy for the customers....

“On July 1st, 2017, the Indian Government implemented the Goods and Services Tax (GST) to simplify the country's tax system. The fundamental goal of putting it in place was to have one nation, one tax, and one market. GST has replaced a slew of central and state taxes including excise, VAT, and service tax. ....

“The Prime Ministers Employment Generation Programme (PMEGP) was established on March 31, 2008, by merging the preceding PMRY (Prime Minister Rozgar Yojana) and REGP programmes (Rural Employment Generation Programme). It was a move to combine two programmes with similar goals in order to focus on a single effort to encourage young people to start microbusinesses in the country's rural and urban areas. The administrative....

“SIDBI stands for Small Industries and Development Bank of India. It was established in the year 1990 with a vision to enhance cash flow in the MSME sector, promote small scale industries and thus enable faster economic development at a national level......

“PM Street Vendor’s AtmaNirbhar Nidhi, or commonly known as PM Svanidhi Yojana was launched on June 1, 2020, by India’s Hon. Prime Minister Narendra Modi Ji, as an ambitious special micro-credit facility to empower street vendors. In India, many are dependent on street vending to provide for themselves and their families. We see them everywhere, on streets, near railway stations, in trains.....

“Customs and Central Excise in India ICEGATE, or Electronic Commerce / Electronic Data Interchange (EC/EDI) Gateway, is a website with more than 8500 users. This commercial site was designed to meet the demands of both traders and cargo management companies who use electronic filing services. This is also used to assist India's customs department's....

“The Indian economy and the economies of developing countries have achieved prolific growth by supporting micro, small, and medium enterprises. Small businesses are the second largest employment provider in our country, thus helping build the Indian economy.....

“To start with the basics, GST was started by the Government of India to improve the process of charging and collecting taxes in the economic ecosystem. GST registration is where a taxpayer gets themselves registered under GST. The previous taxation system was inconsistent and garnered a lot of confusion. After the introduction of a uniform rate of GST all over the country, it provides consistent and uncomplicated taxation on commodities, irrespective of the....

“When anyone thinks of business, it’s often ‘Retail’ that comes to mind! However, while it may be a surprise, but until July 2021, Retail and Wholesale businesses didn’t come under MSME classification. The inclusion of these two has led to a boost in the MSME category....

“Time and time again, Micro, Small and Medium Enterprises have proven to be the backbone of our economy, blooming even after the pandemic hit them. However, the undeniable effects of the pandemic have been extremely visible on these MSMEs....

“While the idea of a 'Business Loan’ might not seem very friendly in the beginning, you can’t deny the dynamic potential that it may add to a business. Yes, it is true that with great power comes great responsibility. However, with great business loans, comes great benefits as well! We have curated a list of tax benefits on business loans for you, so your decision of applying for a business loan, doesn’t seem as....

“In contrast to the popular notion, availing of a business loan doesn’t indicate a financial crunch. To help you boost your business during bloomy days and get you through the gloomy days, business loans prove to be a wise choice. In today’s digital era, it has become easier to get a business loan online. Gone are the days when you had to take multiple trips to the bank and that too without the surety of getting a loan....

“The Micro, Small and Medium business enterprises (MSME) contributes substantially to the GDP of India, often as much as a whopping 40%. It is considered the small scale business sector and it plays a pivotal role in generating employment opportunities in addition to several other benefits. Such businesses fall into both, the organised as well as the unorganized sectors. As lately as in 2016-2017, the MSME Ministry...

“MSMEs in India are growing at a rapid pace. As the business grows, you might face certain financial stress. Borrowing an MSME loan will help curb potential losses and ensure steady growth.Here’s why you should consider applying for an MSME loan...

“India has seen significant economic progress in the years after its independence. Various industries have flourished, including automobile, finance, textile, and real estate. With a majority of the population residing in rural India, small-scale industries contribute greatly to the nation’s GDP. The introduction of the ‘Atma Nirbhar Initiative’ by the government....

“When you have a small business of your own where you manufacture goods, it is extremely essential for you to have proper means of production like land, labor, capital, and most importantly ‘machinery and equipment’....

“MSMEs are increasing at a considerable speed in India and financing them can become a challenge. Access to lack of funding for buying assets and working capital can become not only costly but also causes hindrance to business growth...

“Well, one could truly agree that applying for credit can make any applicant nervous. While this may be true for normal individuals, it also has a multiplier effect on business owners due to the levels of scrutiny involved in the business loan approval process....

“Our fingers often find their way to the apps that make our lives easier. Be it for ordering food online, shopping online, or even availing a business loan online. Digitisation has made living easier and it is essential to stay with the trends to remain relevant...

“A Micro, Small and Medium Enterprise Loan or MSME Loan is a type of business loan provided by financial institutions to people, MSMEs, and small businesses with the goal of sustaining or expanding their businesses and promoting the MSME sector. HFS provides various....

“The development of the MSME sector will have major growth potential for the entire country. However, one of the severe problems hindering this growth is of delayed payment. A lack of timely payment results ...

“When you have the zeal and ambition to start your company and be your own boss, you need to make confident decisions that will become the base of your company. Such a decision is the one to make while choosing a particular niche for your company. You need to make....

“When it comes to running a business, there are various funding methods you will require to maintain and expand your business. One way to provide for your business is by taking a business loan for multiple reasons like developing....

“MSMEs are the backbone of the country’s socio-economic development as they contribute to at least 30% of the GDP. Digitisation of MSME is extremely important as the Government plans to increase the sector’s contribution to at least 40%. This step will not just give them increased opportunities ....

“An absence of sufficient capital can hamper your company's day-to-day operations, jeopardizing both short as well as long-term development and growth potential. It costs money to seek assistance from lenders ....

“While a loan can act as a boost to your business, repaying a loan in a smooth and timely manner is just as important. We’ve compiled a list that can help you make sure that your EMI can be repaid without the slightest worry, and boost the financial health of your business as.....

“The Income Tax Department has been taking helpful steps to make the process of paying taxes simpler for us. The Aaykar Setu app is one such step. ‘Aaykar’ means Income Tax and ‘Setu’ means bridge in Hindi. It has a very apt name as it bridges the gap by providing a solution to tax-related queries and providing a better understanding of the taxation process.....

“By now, we all know that Aadhaar is an important document for people of all ages within the context of being a registration for unique identification. The same way, Udyam Registration acts as a unique identification of MSMEs.....

“MSMEs make up around 30 per cent of India’s GDP. However, there has been a large hurdle in assisting these MSMEs within the playfield of financial literacy, which has created a credit gap of as much as ₹16 lakh crore. So why is this happening?.....

“By now, we all are well-aware of the fact that there are multiple varieties of loans in the market, ranging from main categories such personal loans, home loans, business loans, etc. However, within each of these categories is a stark bifurcation between loans as well. A loan is always.....

“While it’s true that to achieve the full potential of your business, you need some resources along the way of growth, and as credit is one of these resources, there are more! The Government of India identifies this need among MSMEs and hence, has a list of schemes to better facilitate the growth of.....

“While the lending industry is a field of play for many businesses that are on the path towards growth, one may always find a certain key differentiation within the category of loans; secured loans and unsecured loans. While these two categories build the foundation of every kind of loan that there is, they are also important in helping.....

“In the age of a growing demand for digital presence, it goes unsaid that the need of digital technology is important for every small business in India that wants to grow or expand.....

“As we grow up, from children to adults, along with the increasing frequency of responsibilities, there is also an increase in one question that we’re always asked more and more frequently as the years go by......

“Digital payments are done through a banking network and payments are made electronically from the customers’ account to your business account. When businesses adapt to accepting digital payments, they free up time and focus energy on other avenues......

“An online presence can boost your reach! Over 60% of users use mobile devices to search local businesses. MSME reported 27% higher revenue growth due to e-commerce......

“When you start a business, you have to pay attention to the factors responsible to expand it as well. Sometimes you may focus too much on increasing your sales and remain oblivious to the financial factors that can actually help your business grow.....

“While a credit card and a business loan are sources for borrowing money or credit, there’s much more than what meets the eye when you compare them to decide which of the two is resourceful for your business......

“We’ve all heard of ‘LAP’ or ‘Loan Against Property’, a type of secured business loan where one keeps his/her property as collateral. In this article, we’ll be taking you through the various aspects of loans against property.....

“Your Credit Score acts as a guarantee of loan repayment for sure, but how does a loan affect your credit score?.....

“In the time of ‘stay home, stay safe’, one realises the true importance of health. This is true not only for us but for those around us too. Just as we need to stay healthy to keep working hard towards achieving our goals, businesses need to remain healthy too, to be able to grow bigger and.....

“The prolonged quarantine of 2020 has not only affected social circles, but customer-seller relationships may also have taken a hit. This has called for many businessmen to find ways and means, to regain/retain their old customers.....

“Making this one decision may be the only obstacle stopping you from making the most out of your business......

“May it be something you have always wanted, like a dream job or a space to expand your business, we all love it when things from our wish list get ticked. This is true even in the case of business loans. One can’t deny the .....

“If you have a business that is doing just well in the market, then you must think of ways to grow it so that you can build more revenue and generate more profit. However, the lack of funds is always a huge hurdle and can sometimes keep you from fulfilling the business dream .....

“Growing up, you must have heard the bedtime story of the rabbit and the tortoise. It was one of the stories that taught us that speed or appearance don’t matter when it comes to winning a race. Ideas and determination are the true fuel that surpass all else, and help you reach success. This stands true.....

“Being different from your competitors may seem like a risk, however, when you are doing something different than the rest, it’s easier to catch the eye of your potential customer base. So if you ever have an idea which seems a bit different than what your competition.....

“One can indeed say that a business truly grows when its customer base grows as well. For example, if you have an auto garage in a certain neighbourhood, then your initial customers will.....

“With the majority of the country almost completing three months of lockdown, the government is now gradually announcing directions towards unlocking the largest lockdown in World History.....

“One can not ignore the fact that the year 2020 has been quite an eventful one for the world. The COVID19 pandemic took off in China in December 2019 and later grew as an international concern towards the end of.....

“The COVID19 Pandemic has caught the entire world, including India, in a certain fix. The largest lockdown in history has held millions of Indians resorting to the close quarters of their homes by giving up their usual routines.....

“The spread of COVID19 across the globe has resulted in a lockdown across the country as a measure of safety. This has caught most business owners in a financial crunch and dilemma. However, we have listed down a few guidelines that will help reduce this stress....

“The idea of a loan might spark thoughts of prolonged indebtedness in the minds of many, and especially those of budding entrepreneurs in the market. However, one can’t dismiss the notion of growth and the will to expand whilst being the ideal businessman.....

“Starting off a business is not as difficult a task as it used to be anymore and growing it, is no more a challenge as before. Business loans have often proved to be a boon for budding entrepreneurs and start-ups....

“I want to start my own business and make it grow” is probably one of the most daring challenges that one can commit to. However, 36 million entrepreneurs across the country are also aspiring to grow just like you! But worry not, for...