As per the notification of Micro, Small and Medium Enterprises, Udyam Registration is the new process replacing UDYOG AADHAAR launched by the Ministry of MSME effective from 1st July 2020 What is Udyam Registration? Several new entrepreneurs have this question in their minds – “What is Udyam Registration?” If you have the same question, you...
When you want to buy a car, you have two funding options. You can choose between a Car Loan or a Car Lease. Here, we will discuss car loans, car leases and the details of both these methods. Car Loan A Car loan is an amount of money borrowed from a lender to buy a...
Home loan is the amount of money given by a bank or money lending company or family member or friend to either construct a home or purchase a property. The loan is specifically to be used for purchase of residential property – Plot or House or Apartment or Villa etc Types of Home Loan Plot...
Most of us in our lives need funds urgently at some point in time. In such situations, being an owner of a property proves to be a benefit as you can mortgage it and raise the funds you need and still have the property in your name. What is Mortgage Loan? Mortgage Loan is a...
Unsecured Business loan, as the name suggests, is an unsecured loan exclusively designed for business purposes with a short tenure ranging from 12 to 36 months. A business loan is a financial instrument that helps MSMEs (Micro, Small & Medium Enterprises) in buying raw materials/equipment, processing the raw materials, maintaining business operations, setting up a...
MSME stands for Micro, Small and Medium Enterprise. The Government of India introduced the concept of MSME in agreement with MSMED (Micro, Small and Medium Enterprises Development) Act, 2006. The MSME sector contributes vastly to India’s socio-economic development and is an important sector of the Indian economy. Contributing to nearly 35% of the country’s GDP,...
