Union Budget 2019: Now Use Aadhar Card For Transactions Beyond Rs. 50,000
In the Union Budget 2019, Finance Minister Nirmala Sitharaman announced that the Aadhar card can now be used for the cash transactions of more than Rs. 50,000. Additionally, the Aadhar Card can also be used at all the places where PAN (Permanent Account Number) was mandatory. Ajay Bhushan Pandey, Revenue Secretary, said that banks and other institutions would upgrade their back-end to accept Aadhar at the place of PAN Card. PAN card was made mandatory for cash transactions to curb black money. Bills, like hotel and travel, which exceed Rs. 50,000 require PAN while making payments. Additionally, PAN is also
Read moreLoan For Business: 5 Key Things You Need To Know
India is a young and one of the fastest growing countries in the world. With the plethora of business opportunities at disposal, business owners are accelerating their business to its full potential. They are also looking to expand the business. However, funds are an important requirement for business expansion, which many business owners often lack. So, to overcome this obstacle, a business owner can avail a loan for business. With the advent of private banks, NBFCs, and online lenders, small business loans are readily available. A business loan is a credit which is especially availed for the sake of business
Read moreHow Union Budget 2019 Is A Gift For MSMEs In India?
Union budget 2019 has brought early Diwali for MSMEs in India. The Economic Survey 2018-19 pointed out the need to promote start-ups to boost job creation. In the view of the same, Finance Minister Nirmala Sitharaman today announced several measures to benefit the MSMEs and start-ups, and to bolster their growth. Let’s take a look at the key benefits for MSMEs and start-ups in the budget 2019: FM has proposed to start an exclusive TV channel for MSMEs and start-ups under Doordarshan. It will provide a platform for MSMEs to disseminate information in the industry and grow. The Interest Subvention
Read moreBudget 2019: Govt. To Set Up Dedicated Payment Platform For MSMEs
Finance Minister Nirmala Sitharaman today presented the first Budget 2019 in the second term of the Prime Minister Shri Narendra Modi in the form of Bahi khaata (accounts ledger). Among the key announcements, FM said that the government’s focus is on MSME sector (Micro, Small, and Medium Enterprises). She announced that a payment platform will set up for the MSMEs. The announcement comes in the backdrop of the government’s plan where they wish to start an e-commerce platform, similar to Alibaba and Amazon. The platform will aid in selling products from MSMEs and the Khadi and Village Industries Commission. Nitin
Read moreHow Women Entrepreneurs Can Avail Business Loan Easily
Times are changing everywhere, so does in the field of business. Once a particularly man driven industry now has a lot of women entrepreneurs. In recent years, the number of women workforce has increased significantly in all sectors, approximately 250 million. That being said, there are numerous hurdles faced by women, and the most significant one is access to funds at the time of requirement. Seeing the same, several lenders are operating in the market that offers a business loan for women. A budding entrepreneur can avail a business loan for women to meet the financial requirements of a business
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