Small Business Loan – 4 Things To Know While Applying For It
A small business loan is an apt way to fulfill the financial requirements of a business. A business owner can avail small business loan for a number of reasons, whether to increase working capital or to buy machinery or inventory. But he can make a smart choice only when he is well-informed about various important things that he must consider before applying for a loan. Let’s take a look at 4 important points that you must know before availing for a business loan. Consider all the Cost Factors Do not just settle on whatever the lending institution is providing, rather
Read moreRBI Issues A Major Relief For MSME’s
Providing major relief to the MSMEs, RBI today eased NPA classification norms for such units facing input credit linkages and associated issues. “In continuation of support and relief to MSMEs, NPA recognition for GST and non-GST MSMEs now at 180 days for dues up to December 31, 2018. Tapering norm from January 1, 2019, to encourage GST registration” Financial Services Secretary Rajiv Kumar said in a tweet. In February, banks and NBFCs were allowed to temporarily classify their exposures to the Goods and Services Tax (GST) registered Micro, Small and Medium Enterprises (MSMEs), having aggregate credit facilities from these lenders up to Rs
Read moreThe Prime Minister Employment Generation Program Is A Boon For MSME’S
The Prime Minister Employment Generation Program (PMEGP) is one of the flagship programs of the Modi Government. Under this scheme, credit linked subsidy is provided to new enterprises and MSME’s. The aim is to ensure continuous and sustainable employment opportunities in rural and urban areas. The Ministry of MSME says that Rs. 860.51 crore has been released by the Ministry as margin money under PMEGP out of which Rs. 528.32 crores has already been disbursed by banks. As per government data, 24126 new enterprises providing employment to 170983 persons have benefited from the Scheme. There is more than 50% increase
Read moreHow Priyank Kaushik Expanded his Business with A Loan?
Priyank Kaushik- Business Story There is an old quote, “Delhi has something for everyone”. It is a city which offers great opportunities for those who are willing to take risks. From the traders in Chandni Chowk to the startups in Hauz Khas, Delhi has a spirit which fires the belly of entrepreneurs. Priyank Kaushik was one such hopeful who arrived in Delhi to pursue a dream. He wanted to clear the prestigious I.C.W.A. exams. Like many aspirants, he lodged in student quarters in Lakshmi Nagar. The frenzy of exams and the Herculean task that lay ahead ensured that he spent
Read moreIndia’s Economy Will Sustain Growth of 7.5- 8 %: PM Modi
The Indian Government has kept its economic growth forecast for the current year. unchanged at 7.5 %. This is due to the increase in manufacturing and the rising investment in India. The P.M. also added that as the nation’s economy grows, its regional and global integration will increase. “A nation of over 800 million youth knows that their future will be secured not just by the scale of India’s economy, but also by the depth of global engagement. “More than anywhere else, our ties will deepen and our presence will grow in the region. But, the future we seek to build
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