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…
Everyone thinks of trying their hands on doing their own business at least once during their lifetime. Those who do not have millions to being their business prefer taking a smaller route through micro, small and medium scale enterprises. However, the first thing they struggle with is the business idea and the scope of profitability….
Pradhan Mantri Mudra Yojana (PMMY) is a scheme initiated by Government of India to provide loans up to Rs. 10 lakh to non-corporate, non-farm small/micro enterprises. Under PMMY, people involved in non-farm activities can avail loans up to Rs. 10 lakh. The loans are offered under Mudra scheme by Private Sector Banks, Non-Banking Financial Companies…
Entrepreneurship ventures are definitely not a new concept in India, however, in an age where a range of benefits are offered to start-ups, women entrepreneurs are still a distinct minority. In order to spur further growth of entrepreneurial initiative among women, leading financial institutions in India, including nationalized banks, have introduced various loan schemes that […]
Have you ever thought of doing a business but didn’t initiate? Well, you are not the only one who wants to start a business but unable to because of any reason. Farsightedness and money mindedness of an individual are essential traits to become a good businessman. The word ‘business’ itself has a lot of weightage…