MSMEs play an important role in augmenting the overall economic growth of the country. Whilst, promoting inclusive development MSMEs contribute towards driving the growth of various other sectors as well. In India, MSMEs constitute a wide network of around 63 million independent units. The contributions of these medium and small scale enterprises in increasing the …
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Every year, thousands of ambitious businesses take a kick start. But sadly, only a few survive and thrive for growth. A vast majority of businesses shut within a few years of their inception. Owing a business appears very appealing but in reality, it requires overcoming tons of challenges. Running a business and turning it into …
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Heading towards the path of entrepreneurship isn’t an easy task. Starting a business is rewarding but making it run for a long is daunting. Being a business owner you come across countless challenges. With every new day, comes a new challenge. And every obstacle that you encounter on your path requires an urgent rectification. Regardless …
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Having a passion to become a business magnet does not alone take you to that level. Don’t think we are discouraging you. But you need to understand a few basic financial management tips in your day to day business to sustain and succeed in business. We are glad that you see your zeal in becoming …
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Statistics confirm that only 5 % of the business startup in India succeeds. 90% of them fail and 50% fail within the first four years. This will certainly be a threat factor for all of the dreaming entrepreneurs. But, you can always part of the 5% business owners who succeeded. Increase that to 90%, by …
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Business loan interest rate is an important aspect that every borrower considers before opting for a loan. In fact, for most of the borrowers picking the right loan comes down to a single factor- interest rate. Interest rates largely hit your loan terms and future business needs. Thus, determining the rates and getting a clear …
Read moreStarting a business is just one step. Being successful gives you happiness and pride. But, does it stop there? No. You will start feeling pressurized to keep the momentum on. Also, you would want to expand your business once you start looking at its success. Expanding a business is a great thought. But, you are …
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No matter what segment your business belongs to money will always remain an imperative element. Any business that is scaling up or extending its services will need to arrange finances for its uninterrupted expansion. Many small businesses today seek financial assistance by opting for a business loan. Considering, the current scenario business loans are the …
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A warm welcome to all entrepreneurs! Setting up a small business is the first step to make your entrepreneur dream come true. Yes, now you have made up your mind and you have a vision too. Will that alone suffices to start a business? Certainly no, you need a space, manpower, inventory, and working capital …
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If you’re considering taking out a business loan but are hesitant because you’re unsure of the tax benefits on business loans, you can stop worrying: Business loans are tax-deductible! Fundamentally, business loans do not affect the amount of taxes owed. According to the Income Tax Act 1961, borrowing money is not equivalent to income in …
Read moreToday markets have opened up a lot of funding opportunities for SMEs and MSME. With a plethora of loan options available at convenience, borrowers are often faced with a dilemma of choosing between a traditional bank and an NBFC. However, this issue is much of concern when a borrower opts to avail the business line of …
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Getting a business loan will make you stabilize your business is a myth as long as you repay them on-time. Yes, at the time of financial crunch you opt for a business loan, then how can you repay them. No, this thought process will take you and your business into trouble. However, you need not …
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