Top Challenges faced by MSME due to COVID
As per the Annual Report of Department of MSMEs, there are 6.34 crore MSMEs in the country and around 51% of them are situated in rural India. The total employment provided is 11 crore but 55 per cent of employment. It will not be wrong to mention that MSMEs has been the major economic engine over the last few years. It can be easily validated with the sheer number of employment generated by this sector at lesser capital investment and industrialization spread into the far-flung rural areas. But these MSMEs had to face a various set of challenges such as
Read moreStand-up India Scheme (Endeavour & Prosper)
Launched on 5th April 2016. Stand up India Scheme is a business funding by Departmental of Financial Services (DFS), Ministry of Finance, the Government of India to the people from the SC/ST category and Women entrepreneurs The loan funded by Stand up India scheme ranges from Rs 10 lakh to Rs 1 crore which is given to at least one female borrower per bank branch and at least 1 Schedule Caste or Tribe for setting up a Greenfield enterprise. The enterprise may be manufacturing, services or the trading sector. Non-individual enterprises can also get a loan but SC/ST or the
Read moreBusiness Loan for Schools
As there is a popular saying that ‘sun never sets on the British Empire’ speaks volumes about the glories of Great Britain in creating colonies in a different part of the World. Similarly, the Indian education system was also well known and students from every corner of the world visited India to gain a quality education. However, the sun has set on both the British Empire & Indian Education System. In recent years, the quality of education in India has become poor resulting in low employment opportunities. As the high dropout rates, asymmetries in the labour market, are the main
Read moreHow WhatsApp business can help small businesses?
Over the years, small businesses have got a good hold of social networking sites such as Facebook, Instagram, LinkedIn, etc. for promoting their business and have benefitted immensely from having a strong presence over this medium. WhatsApp has also joined the bandwagon of these popular channels, to support the small businesses to expand their customer base. What is WhatsApp for business? WhatsApp for business was built while keeping small business owners in mind. With the App, the small business owners can easily interact with their customers by using various tools to quickly respond, automate and sort customer messages. WhatsApp for
Read moreProcessing Personal Loan Vs Processing Business Loan
Before making a comparison between the processing of personal loan and processing of the business loan, it is first important to understand both personal loan and business loan in isolation. What is Personal Loan? It is a kind of unsecured loan issued to the person so that they can manage their expenses such as education, medical, renovation, wedding, etc. What is a Business Loan? It is a kind of both secured and unsecured loan issued by the bank to manage & grow business. What is the eligibility criteria for both Personal & Business Loan? Personal Loan Business Loan The minimum
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