Most people aspire to live the life of their dreams in today’s competitive world. Everyone wants to achieve their financial goals of earning a decent income and saving up a substantial amount to live comfortably. With a steadily increasing standard of living and earning potential, the average Indian has become increasingly ambitious. This is especially …
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Jaipur is a lively city as well as a world-renowned tourist destination. The city has a large community of artisans, craftsmen, and other small industrial groups creating and developing products for tourists. Apart from the tourist-focused small-scale sector, additional small- to medium-sized industrial businesses do not typically qualify for bank financing. This is due to …
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What is an MSME Loan? MSME Loans are types of loans for Micro, Small, and Medium Enterprises that can be used for various purposes like new inventory, purchasing new stock, working capital loans, and even expanding your business. MSME Loans for new businesses MSME loans for new businesses are available for businesses with a record …
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Several banking and non-banking structures in a country offer the loan service. The main purpose of these loans is to fulfil the credit needs of the person. The loan can be granted for several reasons like home loans, business loans, car loans, etc. These loans are segmented into two categories further depending upon the security …
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Unsecured Business Loans are loans that are offered without any collateral. These loans do not require security. They are short-term, small loans provided to cover periodic expenditures, raw material costs, and vendor payments, i.e., these loans are used for working capital management. Furthermore, these loans are also be used to expand a business. However, since …
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Are you a retail business owner? Or someone who’s planning to do so? If yes, this article is for you! Operating retail businesses can be a challenge, albeit with plenty of growth and scope for success. As a retail business, you might need funding for a variety of purposes. From purchasing inventory to marketing and …
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Introduction to MSME and Taxation For nearly half a century, small businesses and enterprises in India paid their taxes under the purview of many laws, including the most recent VAT or Service Tax. Since July 1, 2017, all registered businesses have been mandated to comply with the norms of Goods and Service Tax (GST). This …
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In the post-pandemic era, young entrepreneurs are one of the prominent driving forces for economic growth in India. The MSME sector comprises more than 40% of the GDP and offers employment to a large number of people. Several factors impact the smooth working of a small business. Some of them are infrastructural needs, marketability, patience, …
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Nirmala Sitharaman, India’s Minister of Finance and Corporate Affairs delivered the Union Budget 2022 on February 1, 2022. We’ve compiled a list of the most important lessons for ecommerce enterprises, startups, entrepreneurs, and small and medium-sized company owners from her simplest union budget 2022 expectations. Additionally, the Union Budget 2022-23 provided an overview of India’s …
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The Covid-19 pandemic ravaging the world for the past two years has played havoc on peoples’ lives economically. The government-imposed national lockdown to thwart the spread of the virus has overthrown everybody’s financial plans.The coronavirus mayhem led to the abrupt closure of businesses, loss of jobs, pay cuts, deaths due to the virus, and overall …
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Individuals and businesses can borrow money in the form of a loan or line of credit. Both are methods to raise capital in debt but differ from each other. Capital needs to keep rising from time to time, but the purpose of the funds’ requirement will determine the suitable route to be chosen. Understanding The …
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A small business has many expenses, from increasing inventory, repairing machinery, paying payroll to daily working capital requirements. Small business owners have limited cash flow and capital. Moreover, their revenues are low, so they require even financial assistance from lenders in times of a financial crisis. Either they borrow, or they may take a business …
