As an SME owner in India, you understand the challenges of managing working capital. Despite the hurdles like cash flow unpredictability and limited credit access, you are resilient, ensuring smooth business operations, timely payments, and seizing opportunities. But what if there was a way to bridge this gap and achieve even greater business success? What if you could integrate two robust financing solutions to optimise your working capital and bolster your supply chain performance? Let’s explore how. Working Capital Loans: What They Are and Why They Matter Working capital business loan is sh ..read more

Introduction Setting out to establish or develop a hotel business in India is an exciting undertaking with countless opportunities and the prospect of becoming a paradise for hospitality. India, one of the world’s most popular tourist destinations, offers a rich environment for business people looking to make a lasting impact on the vibrant hospitality sector.  Establishing a hotel requires meticulous preparation and intelligent execution, from envisioning the goal to navigating regulatory environments and creating an unmatched guest experience. To illuminate the path for prospective hote ..read more

Introduction Being a doctor means committing your life to delivering top-notch healthcare services to your patients. However, successfully managing a clinic or hospital goes beyond skills – it also involves making substantial financial investments. Whether you aim to grow your clinic or acquire cutting-edge equipment, simply needing funds to keep things running smoothly and finding the right financing can make a significant difference for your business. This article aims to guide people through the world of loans that embrace MSME (Micro, Small, and Medium Enterprises), delve into the options ..read more

Introduction The Dena Shakti scheme, which aims to encourage women in India to be economically independent and have an entrepreneurial attitude, is a shining example of empowerment. This project supports and encourages women-owned businesses in recognition of the critical role they play in growing the country’s economy. The program, supported by Dena Bank, now a part of the Bank of Baroda, aims to break down barriers and open doors for aspiring and established women entrepreneurs by giving them financial support and essential tools. The Dena Shakti scheme is more than just a financial tool; it ..read more

The government of India issues a distinct identification number called an Aadhaar card to every country resident. This number consists of 12 digits. It is linked to your biometric and demographic data, such as your name, date of birth, address, gender, photograph, fingerprints, and iris scan. It serves as identity and address proof for various purposes, such as opening bank accounts, filing taxes, availing subsidies, and more. But an Aadhaar card is not just a personal document. It can also help you in your business endeavours, especially if you are looking for a business loan or want to enhan ..read more

Introduction Promissory notes and bills of exchange are necessary credit instruments in business transactions. They provide written promises for payment of money. Though sharing some standard features, they have significant differences in the parties involved, liability conditions, negotiability, and usage. This makes it crucial to understand the distinctions between the two. A promissory note involves only two parties – the maker, who promises to pay unconditionally, and the payee, who receives payment. A bill of exchange has three parties – the drawer who orders payment, the drawee who have ..read more

Introduction You need working capital to finance your business’ operational needs on a day-to-day basis and meet short-term payments. Yet not all working capital is the same. Different working capitals are available based on the nature and size of a business. The most vital is permanent working capital. Permanent or fixed working capital is the minimum amount of current assets required to support the everyday operations of your business. It is the working capital permanently invested in current assets such as cash, inventory, accounts receivable and prepaid expenses. Long-term investment in th ..read more

Introduction Having access to an affordable line of credit can be vital for any business, allowing them flexibility to cover short-term cash needs. However, too much debt can also put a company at risk if it cannot meet interest payments. This is where the Interest Coverage Ratio comes in – it provides a snapshot of how easily a firm can pay the interest expenses on its outstanding debt obligations. The Interest Coverage Ratio, also called the Times Interest Earned Ratio, compares earnings before interest and taxes (EBIT) to the interest that needs to be paid on debt, such as lines of credit o ..read more

Introduction As a small business ownеr, you know how important it is to make plans for your company’s financial year in advance. A good financial plan can help your business reach its goals, use cash wisely and prevent any problems with finances. A big part of organising your money for a year is taking care of MSME business loans. Small business loans arе important monеy for your company, especially if you’re new or starting a small venture. But, small business loans also have rеsponsibilitiеs and challеngеs. Thеsе unsecured business loans includе qualifying for thе loan, making payments whеn ..read more

PMJAY is a flagship program of the Indian Government. It aims to provide medical insurance coverage of ₹ 5 lakhs per family per year to over ten crore poor and vulnerable families in India. Since its launch in September 2018, the PMJAY scheme has made significant progress and achievements. As of January 2024, the scheme has seen over 1.8 crore beneficiaries taking advantage of treatments nationwide and setting up over 24,000 hospitals. The scheme has also saved the beneficiaries from spending more than ₹ 30,000 crore out of their pocket.   However, the PMJAY scheme is not without its ..read more