NSIC stands for National Small Industries Corporation Limited, is a government-backed institution that supports Micro, Small, and Medium Enterprises (MSMEs) in India. With the growing importance of small businesses in India’s economy, NSIC helps MSMEs access financial assistance, raw materials, and government tenders. What is NSIC? The Government of India founded the National Small Industries …
Read MoreWomen entrepreneurs are driving innovation and growth across industries in India and globally. Over the past decade, the rise of women-led businesses has been phenomenal, with many breaking traditional barriers and establishing successful ventures. However, financial challenges remain a significant hurdle. Many women struggle to access funding due to lack of collateral, lower credit history, …
Read MoreUnderstanding loan rates is crucial for businesses seeking funds to expand, manage cash flow, or invest in new opportunities. The type you choose can significantly impact your repayment amount, total cost, and financial stability. Business Loan typically come with two structures—fixed and reducing balance rates. Many businesses prefer the latter because they lower the repayment …
Read MoreIndia’s unified tax system, known as the Goods and Services Tax, streamlines the taxation of goods and services while guaranteeing company compliance and transparency. Businesses that surpass the specified turnover limit or conduct interstate commerce must get a GST registration certificate, which serves as official documentation of registration. To assist businesses in maintaining compliance and …
Read MoreFor your textile firm to grow, upgrade equipment, and maintain stability, you must obtain a loan. The correct loan might assist if you need money to manage cash flow, boost production, or purchase new equipment. However, stringent qualifying requirements, difficult documentation, and ignorance of funding possibilities pose challenges for many business owners. Fortunately, loans are …
Read MoreThe Union Budget 2025 has introduced significant reforms to boost economic growth, ease taxation, and strengthen the MSME sector. As businesses navigate financial challenges, the government has unveiled policies to enhance credit access, simplify tax structures, and support small enterprises. There will be no income tax payable up to ₹12 lakh, providing substantial relief to …
Read MoreMicro, Small, and Medium Enterprises (MSMEs) play a crucial role in India’s economic growth by generating employment and contributing to GDP. To support these businesses, the Indian government offers various incentives through MSME registration. MSME registration helps businesses avail benefits like easier loan access, tax exemptions, and eligibility for government schemes. Registering as an MSME …
Read MoreSmall business owners benefit from business loans to expand their ventures, but loan EMI default can turn that expansion idea into a complete mess. EMI bounce impacts by instantly damaging your credit score, thus damaging your ability to secure future loans. Every EMI payment that a business owner makes is monitored by financial institutions and …
Read MoreFinancial management is extremely important for the success of micro, small and medium enterprises (MSMEs). However, there are many financial traps that small business owners fall into that can stop growth, choke cash flow, and sometimes lead to business failure. These common financial mistakes range from poor budget planning to ignoring tax compliance and can …
Read MoreCorporate tax in India is levied on the income earned by both domestic and foreign companies. It is a key element of the country’s tax infrastructure that affects every small or large business. There are also different types of taxes levied on corporations in India, direct taxes and indirect taxes. Direct taxes are imposed on …
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