The government launched the PMFME Scheme (Pradhan Mantri Formalisation of Micro Food Processing Enterprises) on June 29th, 2020, as part of the Atmanirbhar Bharat initiative. This scheme helps small (unorganised) food processing businesses by providing financial support through credit-linked subsidies. This subsidy covers 35% of the total project cost. However, the PMFME loan scheme provides …
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Every growing business needs a push—whether it’s better visibility or smoother operations. That’s why knowing why to invest in marketing and equipment is key. Marketing helps spread the word, bring in leads, and increase conversions. It builds your brand and puts your business in front of the right audience. On the other hand, equipment helps …
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Running a business isn’t easy. You manage stock, deal with suppliers, serve customers, and keep an eye on expenses — all at once. One thing that often limits business growth? Lack of funds. But what if you could use credit wisely to unlock your next stage of growth? In this blog, we’ll show you how …
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GST reconciliation refers to verifying and matching your purchase bills, sales details, and GST returns to ensure everything is accurate. It is a regular activity that businesses should do to avoid mistakes while filing GST. However, if your records and returns do not match, the GST department may issue a notice or impose a penalty. …
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What is Lending? Lending involves providing funds to individuals or businesses, with the expectation of repayment, typically accompanied by interest. Banks, NBFCs, credit unions, and fintech platforms facilitate borrowing through structured loan products. The process varies depending on whether the lender follows a traditional or digital lending model. Traditional vs Digital Lending: An Overview In …
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A seasonal business relies heavily on specific months for its income. Whether it is a Christmas decoration shop preparing for December sales or an ice cream kiosk getting ready for the summer rush, these ventures experience fluctuating revenue throughout the year. During peak months, sales skyrocket, but the off-season can be challenging when cash flow …
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What is a subsidy in economics? Simply put, a subsidy is a financial contribution offered by the government or a public authority to reduce the cost burden on individuals, businesses, or entire sectors. It typically comes in the form of direct cash support, tax exemptions, or reduced prices on essential goods. The meaning of subsidy …
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Every business, regardless of size, encounters situations where external funding becomes essential. Whether it’s to cover short-term operational costs, scale operations, invest in inventory, or launch a marketing campaign, having immediate access to capital can be a game-changer. This is where a ₹5 lakh business loan proves to be the ideal solution. It offers just …
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Did you know MSMEs in India contribute nearly 30% of the GDP and generate employment for over 110 million people? These businesses form the backbone of the Indian economy, driving growth across industries like manufacturing, retail, and IT. The MSME full form is Micro, Small, and Medium Enterprises. These small, medium, and microenterprises comprise local …
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A successful business is not made overnight. First, setting up a functional and operational business requires extensive planning, structuring, and capital investment. This capital can be the business owner’s investment or a business loan to maintain the cash flow. Running a business is not easy. It comes with its share of financial ups and downs. …
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Starting a business is exciting but comes with several challenges. Many young entrepreneurs struggle with limited capital, lack of financial history, and difficulty in securing funding. These obstacles make it harder to cover startup expenses, manage daily operations, and expand the business. Without adequate financial support, promising venture ideas often fail to reach their full …
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Many small business owners hesitate to apply for business loans due to misinformation. Misconceptions about eligibility, approval times, and credit requirements prevent businesses from accessing much-needed funds. As a result, entrepreneurs miss opportunities to grow, expand, or stabilise cash flow. Understanding the facts about business loans helps entrepreneurs make informed financial decisions. Misinformation often discourages …
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