Every business requires funds for their working capital and to invest in assets. Huge businesses tend to get more exposure to the sources of finance. On the other hand, small businesses can hardly find any source to get financial help. Though the government of India is yet to undertake any official study to estimate the …
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Working Capital is the finances available to a company to run its day-to-day business operations. It is the money available to the company after paying off the current liabilities. Any deficit or loss in the Regular Working Capital of the company can adversely affect the entire business operations and thus the growth of the company. …
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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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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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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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Congratulations! You’ve looked for the best rates and conditions, gone through the small business loan application procedure, and finally been authorised for a capital infusion. Receiving a small-business loan is a wonderful experience. It might lead to new prospects for growth and keep you ahead of the competition. But what comes next? The answer you …
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Introduction Your credit score is the most important aspect in determining whether the lender will trust you when you request any kind of loan, including an MSME loan, business loan, collateral free loan, or an unsecured loan. CIBIL, a TransUnion subsidiary, is an RBI-approved credit score organisation in charge of creating credit ratings for businesses …
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The tax collected at source (TCS) is usually charged from the buyer by a seller on a specified product/service during the sale. Deposited with the tax authorities, they are ideally business transactions that bear no effect on the common people. Items taxable under this provision are mentioned in detail under ‘Section 206C’ of the Income …
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The GST return is filed by business owners monthly or quarterly in an official document containing details such as purchases, sales, and other related taxes. The GST return filing process is extremely easy, conducted on the official GST portal provided by the Government of India. Formulated in 2017 and implemented two years later, the new …
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Festivals provide a plethora of fresh business prospects. Nevertheless, it is also a time when entrepreneurs may go forward with their intentions to start new firms since the holiday season also has something valuable to offer small businesses. Small companies have exploded into a variety of industries in recent years, notably retail, e-commerce, and hospitality. …
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Corporate financial health is just as vital as personal financial wellness. A good credit score enables a company to obtain trade credit and loans from banks and non-banking financial institutions such as MSME business loans with ease. When it comes to quantifying the financial health of a company, an important metric is the CIBIL rank. …
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