Thinking of starting a dealership business in India? Look no further! We have outlined the most straightforward ways to help you become a dealer. Undoubtedly, equipping your mind with dealership business ideas is a rewarding career that requires minimal cash and overhead expenses. However, a few vital factors need to be considered to ensure success …
Read MoreIntroduction Micro, Small and Medium Enterprises (MSME) continue encountering hardships in getting business loans, particularly converting trade receivables into liquid funds. To mitigate the hardships faced by MSMEs, RBI came out with a concept paper on “MSME Factoring-Trade Receivables Exchange” and created an Institutional Structure called M1xchange to finance trade receivables. In addition, RBI granted …
Read MoreIf we need a loan, the first step is to approach a bank or a non-banking financial institution. The bank decides the rate of interest on loans based on our credit score, loan amount, and duration of the business loan. To borrow funds, the bank needs to have adequate reserves available. When the bank is …
Read MoreA handicrafts business is a lucrative business idea to start your entrepreneurial journey. However, even if you have some of the best products, starting and running a profitable plan can still be difficult. Also, if you are a beginner, setting up a new business in an already competitive market can be daunting. But the good …
Read MoreIf you’re a book publisher, you might be aware of how you need to display the ISBN number on all the books you’ve published. A unique, 13-digit number that helps identify the publisher and the publications’ title, it is a permanent identification and doesn’t require you to renew your ISBN registration. Having an ISBN number …
Read MoreWhat is VAT? VAT, or Value-added Tax, is an indirect charge on almost all products and services in most parts of the world. It is paid by the end consumer of the product or service and can account for a significant percentage of the amount paid for a product or service. VAT is collected by …
Read MoreNSIC stands for National Small Industries Corporation Limited, operating under Micro Small and Medium Enterprise (MSMEs). In 1955, the Government of India formed NSIC, then known as Mini Ratna PSUs (Public Sector Undertaking). Its headquarters are in NSIC Bhawan, Okhla Industrial Estate, New Delhi, India. NSIC promotes and fosters the growth of MSMEs operating in …
Read MoreThe Aadhaar Card is India’s premium identification document, required for authentication to avail all government schemes and banking services. The one-page document contains your entire bio, name, address, and mobile number, and its online database contains your biometric details of fingerprint and iris. From applying for business loans online to getting an ultrasound, you need …
Read MoreThe PAN card, or Permanent Account Number, is a legal document that is needed for all monetary operations. The Personal Account Number (PAN) is a 10-digit alpha-numeric code sequence issued and authorised by the Income Tax Department of India. The PAN card is valid indefinitely. When you want to make modifications to your present PAN …
Read MoreWhat is Video KYC? To enhance the customer identification process, video KYC was first introduced by the Reserve Bank of India. This video KYC is done for every customer while opening a bank account. The video KYC process is initiated either by Micro-ATMs or KYC Registration Agencies. Online video KYC is a 10 minutes documentation …
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