Banks and non-banking financial institutions provide loans based on the credit history of the borrower. It is because financial institutions want to ensure that the borrower does not default and repays the loan on time. To get full assurance, the financial institutions may also ask for a loan guarantor. Thus,if a known-friend of yours has… Read More Important Points to keep in Mind for a Loan Guarantor
Credit outreach to the Indian rural sector has been considerably disproportionate compared to its urban counterpart. However, recent technological advancements in this industry, coupled with the addition of non-banking finance companies as rural credit providers have significantly furthered the cause. Moreover, the push SME initiatives have been receiving from the Government of India combined with… Read More How Rural Areas can be Uplifted with Finance Facilities
MSMEs contribute 24.63% and 6.11% to the services GDP and manufacturing GDP of India, respectively. Hence, it is all the more crucial for the government to push this sector towards growth. MSME loans, from the Ministry of Micro, Small and Medium Enterprises, and several other ministries have played a critical role in the establishment and… Read More MSME Contribution & its Importance in India’s Economy
In the past few years, India’s Micro, Small and Medium Enterprises have witnessed unprecedented growth. According to a survey conducted throughout the industry, there were more than 36 million MSMEs in the country in 2017. To further facilitate the development of this sector, the government, alongside other financial institutions, has introduced various MSME or SME… Read More Different Ways to Avail Collateral-Free MSME Funding
Several financial institutions offer professional loans such as a doctor loan to help these individuals meet their business needs. Before you avail, you are required to be aware of certain factors to make the application process convenient and to prevent issues with your advance. You are required to submit some specific documents such as KYC… Read More Loan Facilities Available for Doctor’s in India: Apply for Doctor Loan
Nowadays, businesswomen are competing strongly along with men worldwide. There are numerous successful female business owners, who have succeeded in setting up world-class entrepreneurship projects. There are several ideas for women to start a business and here is the list: Online blogging: The most significant advantage to work as an online blogger is that one… Read More Business Ideas for Women: Success & Loan Facilities
Given the growing awareness about financial management, more individuals are now adopting measures that help daily expenses effectively. Contrary to popular belief, credit cards tend to play a crucial role in financial management. This means, if someone is second-guessing their decision to apply for a credit card, they may proceed with it. Subsequently, they should… Read More Credit Cards: Role in Financial Management
