What 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 MoreStarting a business in India can be a rewarding venture, as the country’s thriving entrepreneurial ecosystem and large consumer market help push even small ventures forward. However, navigating the legal and regulatory requirements can be challenging, especially for startups as there are several crucial steps to follow when registering a startup in India. The Startup …
Read MoreWhat is the Role of MSME in India? It would not be an overstatement to say that the Indian MSME sector is the backbone of the Indian economy. The MSME sector has worked relentlessly to protect the country’s economy in the face of various global crises. Several potential adversities caused by external factors have been …
Read MoreIndia is home to one of the youngest populations in the world, but the rising unemployment figures are an alarming factor. The right schemes and interventions from the government can help create more jobs for people, which is why the creation of new policies is important. With an evergrowing population, India has been struggling with …
Read MoreIntroduction to PM SVANidhi Yojana Through the foundation of the ‘Make in India’ movement in 2014, the Indian government firmly set out on a journey to promote business, entrepreneurship, and self-sufficiency among the country’s public. Since then, the authorities have taken several steps to provide the public with financial as well as technical resources to …
Read MoreThe year 2023 will see India unite to celebrate its 75th independence day. The government of India decided to commemorate this milestone by launching the Azadi Ka Amrit Mahotsav (AKAM) initiative in March 2022 as a 75-week countdown to Independence Day in August 2023. The National Portal for Credit-Linked Government Schemes (Jan Samarth portal) was …
Read MoreIntroduction to Flat Rate and Reducing Interest Rate Non-banking financial companies (NBFCs) and banks offer different types of financial assistance for fulfilling the applicants’ monetary needs. The financial aid includes an MSME loan for business, a home loan, a corporate loan, or a personal loan. When we apply for a loan, lenders give us the …
Read MoreOverview and Features of the CLCSS Scheme In India, we understand that a lack of funds can sometimes hold back MSMEs, leading them to work with outdated technology. But the CLCSS (full form: Credit Linked Capital Subsidy Scheme) is here to provide upfront capital and financial support subsidies to Small Scale Industries (SSIs) operating in …
Read MoreIntroduction When it comes to taking out a loan, there is no doubt that finding the right balance between borrowing the necessary amount and avoiding unnecessary debt is crucial. That is where loan calculators come into play. These online tools can aid you in making informed decisions by providing insights into your monthly payments, interest …
Read MoreWhatever the purpose is, funding should increase your revenue. You can use it for expansions, improvements, or working capital reserves. Planning a term loan is crucial since it enables you to do this. Thankfully, a FlexiLoans Term Loan EMI Calculator makes this procedure much easier. It is a vital tool in the toolbox of each …
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