What All MSME Should Expect From Budget 2019?
Finance Minister Arun Jaitley will present the Union Budget 2019 today and it is expected that it will bring some good news for MSMEs. The budget will be interim and a few surprises are expected from it in terms of GST and demonetization. So, the Union budget 2019 is expected to impact the MSMEs as well. Let’s take a look at the points that should be expected from the budget 2019: Budget 2019 for MSMEs also read: what is gst composition scheme? The budget 2019 is expected to bring relief for the SME sector (small and medium enterprises) in India. The
Read moreHow To Get Business Loan Without Security & Documents In India?
There is no collateral required when availing a business loan without security. The loan for business without security can be repaid over a flexible period of time, usually ranging from 6 months to 24 months. These business loans are usually offered by NBFCs and online lenders in India due to the amount of risk involved. There are easy business loan without documents providers that you can avail a loan from. However, as against the many lenders claim to offer business loans without documents, there is no such type of loan product available in the market. Every loan lender in India
Read moreWhy Business Loans Without Collateral Are Best For Small Business?
Business loans without collateral are offered to the business owners who cannot offer any collateral to back the loan amount. There are many times when a small business owner wants to avail a loan for his business. But he faces rejection mainly due to his lack of ability to hypothecate an asset as collateral. A lender asks for collateral to back the business loan. In case the borrower defaults on repaying the loan availed, the hypothecated asset is confiscated by the lender. The lender can sell off the asset to recover losses. So, this lessens the risk on the part
Read moreWhat Considerations To Make Before Starting a Small Business?
The Make in India program flagged by PM Narendra Modi has boosted and motivated people to come up with their small business in India. The efforts of the MSME has further encouraged entrepreneurship in India. However, starting your own business requires a lot of hard work on the part of the businessman. You have to work really hard, invest all your savings, and even work for extended hours to meet all the ends of the business and run it successfully. Leaving the daily routine job and starting something that challenges you every second might be exciting. However, starting a small
Read moreHow To Retain Customers For SME?
Customer retention is one of the important factors for every business – be it an SME, MSME, or even big business. However, many people think that big companies mostly have better customer retention. But statistics show that small businesses tend to have better customer retention, mainly because of the personalized products and services offered by them. Now that the SMEs in India have better customer retention, there are some measures that can be taken to increase customer loyalty even more. Being an SME owner, have you ever thought of deploying programs that can drive more customers to your business? Customers
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