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…
Building the bright future for our country’s youth might be difficult, but guiding the youth to make their future bright is quite possible. To make this possible, Government of India launched Pradhan Mantri Kaushal Vikas Yojana (PMKVY) under Ministry of Skill Development & Entrepreneurship (MSDE). PMKVY enables country’s youth to get industry-relevant skill training that…
हिंदी में पढ़े Young business owners and start-up entrepreneurs have increased manifold in last few years, witnessing the rapid growth of e-commerce industry. These first-time business owners or enterprises strive to grow their business by bringing new and innovative ideas to work, making money from the businesses, thus contributing to the growth of Indian economy….
Business, be it big or small, is always in need of funds. Whether the promoters pool in money or raise money from the market depends on the size and business viability. It also depends upon the nature of the business – is it capital-intensive and what is its stage of development, in terms of inception, […]
What is MUDRA? MUDRA (Micro Units Development and Refinance Agency Limited) is a non-banking financial institution established in April 2015 by the Government of India. It aims to provide integrated financial support to the micro enterprises sector. The basic motive of establishing MUDRA is to extend the facility of institutional finance to small business entities […]
Any business requires a steady flow of funds to grow and sustain. A strong financial backup can help in guiding business in the right direction and for being able to make smart and strategic decisions. Funding a business not only helps in paying expenditures regarding machinery, goods or operational activities. A strategically planned business loan…
A business needs money to pay off its regular monthly bills, purchasing equipment, machinery, inventory, tools, fixed and personal assets, raw materials, property and office premises, trademarks and even consultation and guidance. All of this has to be in perfect balance along with carrying out the daily operations, maintaining the operating capital and having enough…