- Get a bank loan immediately when you need it!
- Do you have a business?
- Then keep these 2 certificates with you
Important Business Certificates : If you are thinking of starting a new business or expanding your existing business, some government schemes can be helpful in the beginning. Every businessman should obtain two certificates and keep them with him to start his business. If they are certificates then it becomes easier for you to get loan for your business. What exactly are the certifications that can benefit you and benefit you” (Certificates)
What if this happens in a meeting with the finance minister? October 2nd No UPI Day cancelled! Traders took a big decision
Both Startup India and MSME Enterprise Registration can be very beneficial. The biggest advantage of this is that through this, professionals can qualify for future government facilities and schemes. Once the basic business model is ready, if you need money to expand your business, you can explore loan or funding options under various government schemes.
Register the business immediately after starting it
Startup India: If your business falls under the startup category, you can put forward an option to get your business recognized under Startup India. But this gives full income tax exemption in initial years.
MSME stands for Enterprise Registration: If you want to start a small or medium-sized business, you can register an enterprise. This leads to discounts on electricity bills and patent fees.
These records can be beneficial for getting your business recognized and availing government schemes. But the eligibility and benefits for these registrations may vary, so be sure to check your company's and business's government regulations regarding eligibility before applying.
What to do for funds up to ₹10 lakh?
If you have already started your business and need up to ₹10 lakh for your business expansion, you can apply for a business loan under Pradhan Mantri Mudra Yojana PMMY. Under the Mudra loan scheme, loans are provided to eligible small businesses for business-related needs. But there are different categories of loans and prescribed limits. It is a loan, not a grant, and hence, it has to be repaid with interest. You can apply online, but the loan approval depends on the verification and eligibility by the bank and the concerned institution.
Inflation Rate : This Diwali is heavy on the pocket! From Petrol to Onions to Gold to Smartphones… oh my god everything is going to be expensive?