Introduction You need working capital to finance your business’ operational needs on a day-to-day basis and meet short-term payments. Yet not all working capital is the same. Different working capitals are available based on the nature and size of a business. The most vital is permanent working capital. Permanent or fixed working capital is the …
Read more
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 more
Introduction Having access to an affordable line of credit can be vital for any business, allowing them flexibility to cover short-term cash needs. However, too much debt can also put a company at risk if it cannot meet interest payments. This is where the Interest Coverage Ratio comes in – it provides a snapshot of …
Read more
PMJAY is a flagship program of the Indian Government. It aims to provide medical insurance coverage of ₹ 5 lakhs per family per year to over ten crore poor and vulnerable families in India. Since its launch in September 2018, the PMJAY scheme has made significant progress and achievements. As of January 2024, the scheme …
Read more
Introduction For a business owner or someone who starts their own company, it’s vital to get money for your growth and success. Business credit cards might look like a simple way to get money, but they have many limits. Instead, working capital loans give you more freedom and better deals for looking after your business …
Read more
If you are a micro, small, or medium enterprise (MSME) owner in India, you might be aware of your sector’s challenges, especially during the Covid-19 pandemic. You might have struggled with issues such as lack of access to credit, delayed payments, low productivity, poor quality standards, limited market reach, and outdated technology. You might have …
Read more
You may have heard the famous quote by Benjamin Franklin: “In this world, nothing can be certain except death and taxes.” Taxes are inevitable in our lives, whether we like it or not. But what exactly are taxes, and why do we have to pay them? Taxes are mandatory fees or financial charges levied by …
Read more
Introduction As a small business ownеr, you know how important it is to make plans for your company’s financial year in advance. A good financial plan can help your business reach its goals, use cash wisely and prevent any problems with finances. A big part of organising your money for a year is taking care …
Read more
Direct-to-consumer (D2C) brands sell their products or services directly to their customers without relying on intermediaries like retailers, wholesalers, or distributors. D2C brands have grown rapidly thanks to the advantages of digital technology, e-commerce platforms, social media marketing, and customer data analytics. These businesses have a higher profit margin. They cut out the middlemen and …
Read more
A scrap business is a lucrative venture in India. There is a tremendous demand and supply of scrap materials in the country. According to a Ministry of Environment, Forest and Climate Change report, India generates about 62 million tonnes of waste annually. Out of this, 45 million tonnes are recyclable. Also, our country imports about …
Read more
Do you have to pay recurring bills or subscriptions every month? Do you often forget to make the payments on time or face hassles in doing so? Do you wish there was a way to automate your payments and save your time and money? If you answered yes to any of these questions, then you …
Read more
Introduction Running a business requires skill in managing risk. As an еntrеprеnеur or small businеss ownеr, you facе uncеrtainty around various aspects of your business- customer prеfеrеncеs, thе succеss of your tеchnology, thе еconomy, compеtitors’ actions, and morе. Somе risk is inеvitablе in businеss. As an entrepreneur, you likely have a high tolеrancе for risk-taking, …
Read more