Continue reading How to Make the Most of Working Capital Financing?

How to Make the Most of Working Capital Financing?

“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....
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Continue reading How is MSME Collateral Free Loan Transforming the Future of Indian Companies?

How is MSME Collateral Free Loan Transforming the Future of Indian Companies?

“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....
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Continue reading Tax Benefits of Buying A Commercial Property

Tax Benefits of Buying A Commercial Property

“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...
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Continue reading Guide to Improving Odds of Getting a Small Business Loan

Guide to Improving Odds of Getting a Small Business Loan

“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...
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Continue reading How to avail MSME Loans under Collateral Free Schemes?

How to avail MSME Loans under Collateral Free Schemes?

“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...
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Continue reading How Working Capital Loans Can Grow Your Small Business

How Working Capital Loans Can Grow Your Small Business

“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 ...
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Continue reading Points to know about business loans without security in India

Points to know about business loans without security in India

“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...
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Continue reading Know About Commercial Property Loan

Know About Commercial Property Loan

“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...
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Continue reading Easy Ways to Utilise a Business Equipment Loan

Easy Ways to Utilise a Business Equipment Loan

“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...
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Continue reading Benefits of GST and Calculate your GST Online

Benefits of GST and Calculate your GST Online

“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 ...
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Continue reading Guide to Collateral Free Business Loans

Guide to Collateral Free Business Loans

“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...
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Continue reading Know the Types of GST in India

Know the Types of GST in India

“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....
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Continue reading DSAs (Direct Selling Agents) and their role in the credit industry

DSAs (Direct Selling Agents) and their role in the credit industry

“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....
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Continue reading GSTIN: What is GSTIN Number? - Check & Verify GSTIN/UIN Number Online

GSTIN: What is GSTIN Number? - Check & Verify GSTIN/UIN Number Online

“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. ....
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Continue reading A complete Guide to Prime Ministers Employment Generation Programme (PMEGP)

A complete Guide to Prime Ministers Employment Generation Programme (PMEGP)

“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....
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Continue reading Benefits of PM Svanidhi Yojana

Benefits of PM Svanidhi Yojana

“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.....
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Continue reading ICEGATE – Guide on What is ICEGATE and How Does it Work?

ICEGATE – Guide on What is ICEGATE and How Does it Work?

“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....
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Continue reading GST Registration Online – Steps and Documents Required

GST Registration Online – Steps and Documents Required

“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....
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Continue reading Tax Benefits on Business Loans in India

Tax Benefits on Business Loans in India

“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....
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Continue reading Improve Your Cibil Score for Business Loans

Improve Your Cibil Score for Business Loans

“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....
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Continue reading Government loan schemes for financing MSME businesses

Government loan schemes for financing MSME businesses

“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...
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Continue reading Best Small Business Ideas for Villages and Small Towns in India

Best Small Business Ideas for Villages and Small Towns in India

“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....
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Continue reading Aaykar Setu – File Tax Returns with All India ITR’s New App!

Aaykar Setu – File Tax Returns with All India ITR’s New App!

“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.....
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Continue reading Secured Loans and Unsecured Loans; What’s the Difference?

Secured Loans and Unsecured Loans; What’s the Difference?

“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.....
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