Introduction: What is a CIBIL score? The CIBIL score measures your creditworthiness. It is like any other unit of measure that indicates your repayment ability based on predefined parameters. The idea is to quantify your repayment strength. The CIBIL score limit is between 300 and 900, and the higher it is, the better. As long …
Read MoreWhat is a Pre-approved Business Loan? Getting a business loan can be hectic as it involves a cumbersome procedure to have the loan approved. Conversely, getting a pre-approved business loan helps in saving significant time and energy to kick-start the business in a hassle-free manner.Eligible borrowers with a good CIBIL score and a sound financial …
Read MoreIndia today is a land of opportunity. There has never been a better time to start a business in the country. In the last 5 years, India’s global ranking in the ease of running business list has jumped from 142 to 63. The digital transformation has led to a tremendous increase in opportunities as well …
Read MoreIntroduction Governments at both the state and central levels have recognised the importance of micro-, small-, and medium-sized enterprises (MSME) and their impact on the Indian economy in numerous ways. Regardless of the industry or sector, MSMEs are critical to their growth. However, as online shopping has increased, MSMEs have proved their worth by tending …
Read MoreEmpowering women is empowering the nation, and countries across the globe accentuate its importance, more than ever. Multiple initiatives are on the rounds and the issues businesswomen face are highly addressed and brought into the limelight to have them sorted. The government of India has brought forth Schemes for Women, to help put the word …
Read MoreAmazon had committed to digitizing 10 million micro, small- and medium-scale enterprises by 2025. The newly-launched Amazon Digital Kendras will be the physical centers that will provide information to MSMEs regarding the advantages of e-commerce. They will also help businesses efficiently employ third-party services. These would include assistance in cataloging, taxation and GST support, digital …
Read MoreA business operates in an environment of uncertainty. Macro factors (economy, policy, regulations, climate, and more) and inherent situations can also sometimes become a stumbling block, particularly for a small business. The most common issue is a sudden cash crunch. A short-term business loan can be of crucial help at the time of need. Small …
Read MoreStarting your own business could be cumbersome if your finances are not well-planned. One of the ways to raise capital for your business is by taking SME Business loans from banks or NBFC (Non-Banking Financial Corporation) in India. In India, the Average interest rate on a business loan is 16.6%. Since it usually ranges from …
Read MoreOnce you have decided on the loan you want to apply to expand your business, the hard work starts. If you don’t have a firm grasp on your business’s financial growth and wellbeing objectives, you must rapidly catch up to select a loan term that fits your requirements. Before you can choose between short-term and …
Read MoreThe healthcare industry is growing at a rapid pace in India. People spend thousands on medication to stay healthy and cure ailments. The medicine business is a business that is least affected by the recession. A medical shop business is an evergreen business that prospers in all the phases of the business and economic cycles. …
Read More
