As an SME owner in India, you understand the challenges of managing working capital. Despite the hurdles like cash flow unpredictability and limited credit access, you are resilient, ensuring smooth business operations, timely payments, and seizing opportunities. But what if there was a way to bridge this gap and achieve even greater business success? What …
Read MoreThe medical shop business is one of India’s most lucrative and essential sectors. With a growing population, increasing health awareness, and rising demand for medicines and healthcare services, the medical shop business has immense potential to generate revenue and profits. The medical store also contributes to the nation’s GDP, export revenues, and employment opportunities. However, …
Read MoreIntroduction Setting out to establish or develop a hotel business in India is an exciting undertaking with countless opportunities and the prospect of becoming a paradise for hospitality. India, one of the world’s most popular tourist destinations, offers a rich environment for business people looking to make a lasting impact on the vibrant hospitality sector. …
Read MoreIntroduction Being a doctor means committing your life to delivering top-notch healthcare services to your patients. However, successfully managing a clinic or hospital goes beyond skills – it also involves making substantial financial investments. Whether you aim to grow your clinic or acquire cutting-edge equipment, simply needing funds to keep things running smoothly and finding …
Read MoreIntroduction The Dena Shakti scheme, which aims to encourage women in India to be economically independent and have an entrepreneurial attitude, is a shining example of empowerment. This project supports and encourages women-owned businesses in recognition of the critical role they play in growing the country’s economy. The program, supported by Dena Bank, now a …
Read MoreThe government of India issues a distinct identification number called an Aadhaar card to every country resident. This number consists of 12 digits. It is linked to your biometric and demographic data, such as your name, date of birth, address, gender, photograph, fingerprints, and iris scan. It serves as identity and address proof for various …
Read MoreIntroduction Promissory notes and bills of exchange are necessary credit instruments in business transactions. They provide written promises for payment of money. Though sharing some standard features, they have significant differences in the parties involved, liability conditions, negotiability, and usage. This makes it crucial to understand the distinctions between the two. A promissory note involves …
Read MoreIntroduction You need working capital to finance your business’ operational needs on a day-to-day basis and meet short-term payments. Yet not all working capital is the same. Different working capitals are available based on the nature and size of a business. The most vital is permanent working capital. Permanent or fixed working capital is the …
Read MoreWhat is the PMEGP loan scheme? The Ministry of Micro, Small and Medium Enterprises (MSMEs) has introduced the Prime Minister’s Employment Generation Programme (PMEGP), a credit-linked subsidy initiative. This programme began on March 31 2008, combining the previous Prime Minister Rozgar Yojana (PMRY) and Rural Employment Generation Programme (REGP). The programme aims to provide financial …
Read MoreLife is full of uncertainties, and unexpected financial needs can arise anytime. Unfortunately, bad credit can make these situations even more challenging. In India, a credit score is a numerical representation of an individual’s creditworthiness and plays a crucial role in the loan approval process. When you have a bad credit score, traditional lenders like …
Read More
