Pradhan Mantri Matsya Sampada Yojna or PMMSY is an initiative by the Government of India to promote the blue revolution (Neeli Kranti) in the nation. The bill was proposed in the budget session of 2019-2020 by Finance Minister Nirmala Sitharaman to empower fisheries, animal husbandries, and dairies with a collective budget of 20,000 crores. The …
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If you are a woman or an SC or ST individual with dreams of creating a business, but lack capital, then read this article. Know and learn how the StandUp India Scheme can help you achieve your heights of success. What Is the Stand Up India Scheme? Only 13.76% of businesses are owned by women …
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Introduction Launching an online business can seem difficult if you’ve never done it. With the number of people online and today’s technology, not selling online can affect your company. Even if you have consumers in your business, 80% of people use a mobile phone to compare pricing, see product reviews, or find alternative store locations. …
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A company’s balance sheet is the basis for evaluating its performance. There are two parts to a balance sheet: assets and liabilities. When assets are more than liabilities, it conveys a strong balance sheet. We can use the word assets in the literal sense as well as in accounting. Generally, when we say someone is …
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Introduction Have you visited a bank to deposit or withdraw money? Why do some banks have long queues in waiting and others use technology to serve their customers? Before answering all these questions, let’s understand a bank’s role first. In simple terms, banks are financial organisations that accept money from depositors and lend money to …
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Introduction The Government of India has identified the need to assist women entrepreneurs and improve the condition of women in society. However, our society is still patriarchal, and women are not treated as equals in most walks of life. The micro, small, and medium enterprises sector (MSME) is the dominant contributor to the GDP of …
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Aadhaar card is one of the mandatory and significant identification cards in India. It is essential to link your Aadhaar card with your mobile number. There are plenty of reasons for this, the primary reason being national security. Another reason is that it also helps in the initiation of the MSME loans and business loans. …
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What is an Aadhaar Card? An Aadhaar card is a legal document issued by the Unique Identification Authority of India on behalf of the Indian government to every resident. It contains a 12-digit number that is unique for all. The Aadhaar card works as identity proof and is valid for a lifetime. The Aadhaar card …
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When I’m looking to take out my first loan, I want to ensure that the experience is as smooth as possible. I’m following these tips from Flexiloans for a safe financial experience: Dos Ensure I make payments in an “Epimoney private limited” registered bank account only. Report suspected activities in my account asap. Double-check the …
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Financial transactions are now more formalised and digitalised – every borrower’s credit history is collected, stored, analysed and used in future financial transactions. The credit report summarises all the financial activities we have undertaken since we first obtained credit up to the time we last paid the credit. A CIBIL score ranges between 300 and …
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Introduction In the Indian Micro, Small, and Medium Enterprises sector, loans taken by MSMEs entail monthly EMIs. However, in many cases, the EMI amount is incurred on a small amount of working capital required to run a business. Once that is considered, it is time to realise that the amount paid on EMIs could be …
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Once an application for a PAN card has been submitted or information on an existing PAN card has been changed, one can check the status of the PAN card either through the UTI portal (UTIITSL PAN Portal) or the TIN-NSDL portal (TIN-NSDL PAN Portal). Listed below are options for verifying the status of a PAN …
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