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MSMEs Stand To Gain As Emergency Credit Line Guarantee Extended Till 30th November

The government of India recently extended the Emergency Credit Line Guarantee Scheme (ECLGS) for Micro Small and Medium Enterprises (MSMEs) by one month until 30th November. This extension was announced by the Union Finance Minister via a series of tweets posted on Twitter.

3 months agoRead More
Which Mudra Loan Type Should I Choose?

MUDRA (Micro Units Development and Refinance Agency) is one of the most popular and successful initiatives by the Union Government. The scheme is offered under the Pradhan Mantri Mudra Yojana (PMMY).

4 months agoRead More
How Can Women Benefit From the PMAY?

Pradhan Mantri Awas Yojana (PMAY), the government’s flagship scheme is a Credit Linked Subsidy Scheme (CLSS). It is categorized as urban and rural and is offered on the basis of annual income levels. It offers subsidies on home loan interest rates to eligible borrowers.

4 months agoRead More
Step-By-Step Guide On How To Apply For Ayushman Bharat Yojana?

Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, commonly referred to as PM-JAY, is a pioneer healthcare programme initiated by the Honourable Prime Minister. The programme's objective is to provide adequate and free health cover to the vulnerable sections of society – the economically weaker citizens.

4 months agoRead More
Schemes for Persons with Disabilities

The National Handicapped Finance and Development Corporation (NHFDC) has designed and launched special schemes to meet the needs of persons with disabilities. The interest rates on such loan schemes are set at a maximum of 8% and the maximum tenure is 36 months.

6 months agoRead More
Which Banks Offer Start-up Business Loans?

India is one of the major emerging markets in the world at the moment. A major portion of this growth comes from the micro, small and medium enterprises including startups. The SME sector makes up nearly 40% of the total GDP and is a major source of employment for the growing population of India.

7 months agoRead More
All that You Need to Know about Sukanya Samriddhi Yojana

The Sukanya Samriddhi Yojana is an exclusive savings account designed to provide girl children a bright and happy future, free from financial troubles. Launched as part of the "Beti Bachao Beti Padhao" initiative, this scheme offers high-interest rates and various tax benefits.

8 months agoRead More
Sustainable Finance Scheme (SFS)

Energy efficiency and consumption of renewable energy resources have been encouraged throughout the MSME industry. The Government of India, with the objective of incentivizing such MSMEs that promote sustainable energy development, has introduced the Sustainable Finance Scheme (SFS). This scheme is aimed at providing financial aid to such MSMEs that support Environment and Climate Friendly energy consumption and production processes. 

1 year agoRead More
SIDBI’s Make In India Soft Loan Fund for Micro Small and Medium Enterprises (SMILE)

The SMILE initiative from SIDBI was introduced to give a boost to the ‘Make in India’ campaign. This scheme provides soft term loans to MSME enterprises to meet the debt-equity ratio for their establishment.

1 year agoRead More
PRISM - Promoting Innovations in Individuals, Start-ups and MSMEs

This flagship programme from the Department of Scientific & Industrial Research under the aegis of Ministry of Science & Technology was instituted with the goal to support individual innovators who will be able to achieve an inclusive growth agenda.

1 year agoRead More
IREDA NCEF Refinance Scheme

Indian Renewable Energy Department Agency Ltd. (IREDA) has initiated a refinance initiative with support from the National Clean Energy Fund (NCEF). This scheme aims at providing low cost refinancing to scheduled commercial banks and financial institutions who are in the business of financing existing biomass power & small hydro power projects.

1 year agoRead More
SIDBI – What is it, Objectives, Benefits, Loans Offered, How to Apply, and More

The father of our nation, Mahatma Gandhi, believed that national wealth would be created only by developing and promoting small-scale industries. True to his economic beliefs, the Micro, Small and Medium Enterprises (MSME) sector plays a huge role in offering employment to millions of people and contributing to the GDP of the nation.

1 year agoRead More
An Insight into the Challenges and Growth Opportunities for SMES in India

India is a nation of small businesses. From small neighbourhood Kirana stores to cottage industries and other local businesses – small enterprises play a crucial role in the Indian economy. According to reports by the Ministry of Micro, Small and Medium Enterprises, small businesses contribute to 30% of the overall GDP of the nation and employ more than 100 million people.

1 year agoRead More
All that you need to know about PSB Loans under 59 Minutes

MSMEs (micro, small and medium enterprises) are the backbone of the domestic economy and play a crucial role in employing a large sector of the population. Despite their contribution to the nation’s growth, MSMEs have a hard time raising business capital.

1 year agoRead More
Kisan Vikas Patra (KVP) - Features and  Benefits

Kisan Vikas Patra (KVP) is a post office saving certificate scheme which was launched in 1988. This saving plan does not have maximum ceiling of investment which makes it a lucrative option for risk-free investors.

1 year agoRead More
What Is EPF?

The Employees’ Provident Fund (EPF) is a savings scheme introduced under the Employees’ Provident Fund and Miscellaneous Act, 1952. It is administered and managed by the Central Board of Trustees that consists of representatives from three parties, namely, the government, the employers and the employees.  The Employees’ Provident Fund Organization (EPFO) assists this board in its activities. EPFO works under the direct jurisdiction of the government and is managed through the Ministry of Labour and Employment.

2 years agoRead More
What Government Loans Are Available For Entrepreneurs?

The start-up scene in the Indian Economy has seen a lot of activity over the past few years. It is estimated that India is home to about 39000 start-ups and the number is definitely growing by the day. The government has taken cognizance of the fact and has come up with various programs and loans to encourage entrepreneurship. As the start-ups are spread over a number of areas and sectors, the government has also come with many sector-specific and generalized loans.

2 years agoRead More
Zero Balance Account through Pradhan Mantri Jan Dhan Yojana

Pradhan Mantri Jan Dhan Yojana is a scheme that was launched by the Government of India to ensure the financial inclusion of all the Indian citizens who do not have a bank account in India. It was a nationwide scheme that was launched in August 2014. This particular scheme aims to provide access to financial services such as banking, saving accounts, deposits, credit, insurance and pensions in an accessible manner to all Indian citizens.

2 years agoRead More
Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)

The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was formerly known as the National Rural Employment Guarantee Act. This Act was notified on the 7th of September, 2005.  

2 years agoRead More
Loans And Schemes Specially Tailored for Women-Owned Enterprises

Entrepreneurism is certainly on the rise in our country at the moment. Various government incentives and the conducive start-up environment is only making it easier.   It is not only men, but women are also joining the start-up and small business bandwagon. To help them through this initiative, various schemes are announced by the Government, banking and other financial institutions. 

2 years agoRead More
Small Business Loans Offered by the Government of India

World Intellectual Property Organisation (WIPO) recently published that India is ranked as 57th most innovative country in the world. Initiatives such as ‘Make in India’ by the Government of India has spurred the growth of business across 25 sectors.

2 years agoRead More
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