Pradhan Mantri Mudra Yojana (PMMY) or PM Mudra Loan Yojana is a scheme initiated by Government of India to provide funding support of maximum up to Rs. 10 lakh to individuals, MSMEs, and non-corporate and non-farm small/micro enterprises. Mudra loans are offered under PMMY with the help of Public and Private Sector Banks, Non-Banking Financial…
Floating vs Fixed Interest Rates – Difference between floating and fixed home loan interest rates. Compare Floating and Fixed Interest Rates.
COVID-19, one of the deadliest viruses has incurred unforgettable losses to families, as well as immense slowdown and stagnation to economies worldwide. Unfortunately, Coronavirus is here to stay for a while, so do not let this virus stop you from doing what best can be done during these testing times. Do not lose hope and…
What is MSME? Micro, Small and Medium Enterprise (MSME), introduced by Government of India in agreement with Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 are entities engaged in the production, manufacturing, processing or preservation of goods and commodities. MSME sector is considered as the backbone of Indian economy that has contributed substantially in…
Are business loans tax deductible? The answer is Yes; the interest you pay on your business is tax deductible that is generally subtracted from your gross income. As per the Income Tax Act, 1961, you can avail deduction on business loan interest that is paid from business profits. It is predefined in the Income Tax…
Thriving small businesses and start-ups can be initiated at times of economic uncertainty, as well. To start your business under your own name requires lot of research, skills, passion, confidence, fearlessness, as well as money of course. As small businesses or micro units do not require much capital to be invested at the initial stages….
Well, we all understand the importance, need and urgency of people applying for business loans. Any delay in getting funds could lead to severe business losses, debts or missed opportunities. Eagerness to know the status of your business loan application should be the utmost priority, for you as an applicant. You just need to be…
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…
