Overview Are you a Micro, Small or Medium Enterprise (MSME) owner seeking swift access to business funding? The 59 minutes loan scheme, also known as the 59 Minutes Public Sector Bank (PSB) Loan or MSME loan scheme in 59 minutes, enables you to get in-principle approval for a collateral-free business loan up to ₹5 crore …
Read MoreMicro, small, and medium enterprises (MSMEs) constitute an important segment of the Indian economy. It is one of the largest employment-generating segments, with over 110 million people working in an MSME contributing approximately 30% of India’s gross domestic product (GDP). There is scope for further growth, with the number of MSMEs having grown by a …
Read MoreThe words “businessman” and “entrepreneur” are often used interchangeably. Anyone who owns a company and earns passive income is commonly referred to by one of these terms. However, there are slight but significant distinctions between the two. Understanding them can have a massive impact on how someone starts and eventually runs their firm. Entrepreneur and …
Read MoreWe would like to shed some light on how SME business owners can optimize their practices to create more income and to discover and minimizing the ways they are unintentionally throwing portions of their money away. We highlight a list of 5 mistakes which a business owner makes. Diversification As a business owner, you will …
Read MoreAfter getting featured on thehindu.com and TOI website, this time Business Standard has posted a piece about our digital fintech start-up for offering Quick Business Loans without collateral to SMEs which do not have a credit score or IT returns to show. SMEs need capital for day-to-day business, business expansion, seasonal inventory, invoice based financing, …
Read MoreIndia has been an economy that extensively revolved around hard cash for any business exchange. 85% of our labour force received wages in cash. Wondering why? Well, the absence of bank accounts for more than half of our population could be the rationale. More than 95% of our recorded trade transactions have been dealt with …
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