What is the PMEGP Scheme & How to Get It?
What is the Prime Minister’s Employment Scheme? The full form of PMEGP is the Prime Minister’s Employment Generation Program. There should be more and more self-employed in the country and people should become job creators instead of seeking jobs. The central government is moving ahead with this goal. Pradhan Mantri Rozgar Yojana (PMEGP) is also a part of this campaign. In simple language, the subsidy is given by the government on the business loans available under the PMEGP scheme. Under the Prime Minister’s Employment Scheme, a provision of Rs 2,327 crore has been made which will be creating 14 lakh
Read moreHow E-Commerce is Helping MSME to Boost Their Sales
As soon as the COVID strike on the Indian soil, our Prime Minister Mr. Narendra Modi took a quick decision of implementing the nationwide lockdown so that the government can save maximum lives from the deadly COVID virus. However, the lockdown that continued for 6 months, impacted both the small businessmen and the salaried people as the businessmen lost demand for their products, which led to the huge loss and the salaried people were laid off from their respective jobs. Our Prime Minister took the cognizance of the matter and motivated the citizens to startup and promote local products in
Read moreAdvantage and Disadvantage of Taking A Business Loan
Each coin has two sides. Both sides of the coin have their meaning. Sometimes when someone likes one aspect of the coin, someone else likes another aspect of the coin. This means that everyone likes to see the coin from their perspective. The same goes for financial products. If someone likes to do his essential work by taking a loan, then the other avoids the word loan. In such a situation it becomes very important to understand what is the positive aspect of the loan? And what is the negative aspect of the loan? Today we will learn about the
Read moreWhat is An Equipment Loan And How Do I Get It?
Business requires different types of equipment and machines. When the business is in the manufacturing sector, the need for machines as well as other equipment becomes mandatory. Similarly, the service sector is service-providing, so the business of this sector requires various types of equipment including computers, electronic gadgets as well as vehicles. Be it any equipment, electronic gadget, vehicle or machinery, all of them attract huge amount to buy. If a businessman delay buying these essential items, it directly affects the profitability of the business. In such a situation, if the business does not have immediate funds available, then it
Read moreA Complete Guide to Sukanya Samriddhi Yojana
Sukanya Samridhi Yojana is a prosperity scheme for a girl child, an initiative as a part of the ‘Beti Bachao, Beti Padhao’ campaign by the Government of India. Sukanya Samriddhi Yojana is one of government-backed small savings schemes that can help parents secure the future of their girl child. This scheme can be easily opened in post offices and designated private or public banks in the form of savings account in the name of the baby girl. Like other government savings schemes, the interest rates for Sukanya Samriddhi Yojana are declared quarterly. Keep reading to know more about it… Features
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