PMEGP – Prime Minister Employment Generation Programme is a boon for the Unemployed Youth of India
PMEGP stands for Prime Minister’s Employment Generation Programme. It is a credit-linked subsidy programme administered by the Ministry of Micro, Small & Medium Enterprises (MoMSME) Khadi & Village Industries Commission (KVIC) to generate employment for the youth of the country. When was PMEGP Launched? Initiation of PMEGP took place in the year 2008. The merging of Prime Minister’s Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP) gave birth to the PMEGP programme to employ youth in both the Urban and Rural areas. Khadi & Village Industries Commission (KVIC) implemented the scheme at the national level as it is the
Read moreTips On How To Boost A Slow Moving Business
Every business experiences a phase where it faces paucity of operations because of funds. This does not mean that you are not operating your business in the right way. It only means that you need to change your style of business operations and adapt smarter strategies. For this to happen, you need to have some prior planning and industry research. It will help you come up with some brilliant ideas to boost your sales and therefore, profit. Let’s have a look at some suggestions that will work wonders for your business and fuel the growth of your slow-moving small business.
Read moreWhat Is The Importance Of Your Business Credit Score?
A business owner may require an infusion of additional funds anytime. This can be because of several reasons, be it for working capital requirements, business growth, or equipment/machinery purchase. The best way for small business owners to fulfil this requirement is through a business loan. Just like a personal loan, a business loan also requires your personal and business credit score. The same should be equal or above the credit score threshold as required by the lender. The loan lender first studies your credit report and score and then only sanctions the loan. Most loan lenders consider a credit score
Read moreKnow Your Customer – Everything You Should Know About KYC
Know Your Customer (KYC) is a commonly used term for the customer identification process. It is a process by which a financial institution or a Bank identifies and verifies the identity of its clients. The bank insists on documents for customer identification and his address proof. It is an obligation on the banks by RBI to have all the customer data regarding the customer identity, source of funds, nature of customer’s business, and justness of operations in the accounts that enable the bank to manage the risk associated with its customer effectively. When was the KYC Guidelines Introduced? In the
Read moreHow To Get A Business Loan By ZipLoan?
A business loan is a financial product specifically designed for business owners in need of funds to run their business. Many business owners often find themselves at a place where they need to look for additional sources of funds. For the same purpose, they search for business loans. There are several players offering business loans in the market. All these lenders have different eligibility criteria, documentation requirement, and the lending process. That said, when a business owner decides to avail a business loan, he first thinks of the lengthy lending procedure which they have to go through. However, the same
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