हिंदी में पढ़े Amid Coronavirus (COVID-19) outbreak and India’s lockdown, the Reserve Bank of India (RBI) allowed various financial institutions to offer a moratorium of three months on business loan, term loan or working capital loan. As this period ends, the deferred interest rate of three months will be collected immediately by the lender. RBI…
Running a business is an art and people with good business skills can do wonders. Small businesses make an enterprise with sheer passion. Business is not just about selling products and earning profits. Business makes a person realise that how good he/she is in managing situations, communicating with people, strategizing actions or implementing new thoughts….
Coronavirus (COVID-19), a virus that grew stealthily has become one of the deadliest viruses that is killing people worldwide. This virus took birth in Wuhan city of China and since then have travelled to more than 160 countries. The World Health Organization (WHO) has declared Coronavirus as a pandemic. It has become a mass scare…
Want to take business loan without having ITR? Do not worry. Budding entrepreneurs and first-time business owners may not possess sufficient business experience to file ITR. It does not depict that they are not eligible to get business loans to start their own enterprises. In today’s banking and financial markets there are numerous private and…
Cash Credit (CC) is a short-term loan offered to businesses to meet their working capital requirements, whereas Overdraft facility is funding offered by banks to individuals or companies to withdraw money from the banks even if their account balance is low, zero or below. Cash Credit and Overdraft are referred as credit limit sanctioned by…
What is CIN Number? Corporate Identification Number or Corporate Identity Number (CIN) is a 21 digit alpha-numeric number provided to all Private Limited Companies, One Person Companies, Companies owned by Government of India, State Government Companies, Not-for-Profit, Nidhi Companies, etc. registered in India. CIN number is a unique identification number that is given by RoC…
If you are an entrepreneur and want to start a new business or expand your existing business, you might think of taking business loan or overdraft to fulfil your financial requirements or to meet working capital requirements. Both the financial products are meant to provide funding support to the borrower but they have distinctive features…
Starting a business? You have a great idea, you have the will and you know you will. Ever thought of the capital or funding required fulfilling your dream? Launching any business requires capital investment, whether the start-up is any type of MSME or large enterprise. Funding makes your business to initiate with a strong base…
Business loan plays a vital role in managing the cash flow and helps to meet the working capital requirements of an entrepreneur or enterprise. Irrespective of the size of your business, chances are that at some point of your business tenure you shall require capital for business expansion or related activities. Business loan is not…
Small Scale Industries (SSIs) are considered to be the backbone of Indian economy, as they substantially contribute in creating employment opportunities and helps in increasing per capita income. SSIs play a vital role in the socio-economic development of the country. Governed by MSME Act, 2006, Small Scale Industries consists of small entrepreneurs who are engaged…