5 Things No One Told You About Exporting Goods From India
Exports are essential to any country, especially a developing economy like India. They help to maintain the balance of payments and build up our foreign exchange reserves.Exporting goods or anything for that matter comes under the aegis of the Foreign Trade (Development and Regulation) Act 1992. Export in India is very well regulated with perfectly laid down procedures. Let us look at how to export goods from India. We shall concentrate on 5 things that you should know about exporting goods from India. How to export goods from India Do the basics right like opening an account in a bank authorized to
Read moreWant a thriving business? Focus on SME loan !
There was a time when small business enterprises could never approach banks for financing. The principal reason was that banks were not financing business requirements without collateral. From the bank’s angle, this is fine. But, business in India took a heavy beating. Sensing this, the Government of India enacted the Micro, Small and Medium Enterprises Development Act 2006 to cater to SME sector. Let us look at the SME loans procedure now. Before going into the details of the MSME loans process, let us have a quick definition of the SME sector. This table will make things very clear. This
Read moreEverything You Should Know About Loan Scheme By Modi
Right since the nationalisation of banks in 1969, every Indian Prime Minister has announced some bank loan scheme or the other in the name of Pradhan Mantri Business Loan. People also calling it Modi business loan. This is one way of providing benefits to the poor. Continuing the trend, our present Prime Minister Shri Narendra Modi has announced the Pradhan Mantri Mudra Loan Yojana (PMMY) amidst great fanfare in 2015. This is also known colloquially as Modi business loan. We shall look at the basic modalities of the Modi business loan scheme and see how it has changed the lives of
Read moreWhy is Indore emerging as an MSME hub ?
Madhya Pradesh is a large state with various big cities like Bhopal, Indore, Ujjain, Gwalior, and others. Industrially, Madhya Pradesh is developed state with Indore being the hub of the manufacturing industry, especially as far as textiles, automobiles, and pharmaceuticals are concerned. Business in Indore Madhya Pradesh State has raw materials in abundance, especially coal. The western part of the state that has these big cities like Bhopal, Indore, etc is more developed in comparison. Indore has the distinction of being the largest economy of Central India. In fact, it is also referred as the business and trading capital of
Read moreSmall Business Friendly Policies in Delhi NCR By The Government
Very recently, India had seen a major jump in the ease of doing business as a result of its business-friendly policies. The World Bank report has India at the 100th place. This is the best ever rating attained by India. In fact, the business-friendly policies of the Central Government have enabled this major jump of 30 places from the 130th position last year. Credit to the Delhi Government This is a great achievement, but one should also note that the World Bank conducted this survey in the cities of Mumbai and Delhi alone. Therefore, you cannot call it a
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