Understanding Secured and Unsecured Loans: A Guide
The availability of credit facilities enables us to turn our dreams into reality. However, everything comes with a cost, and so do our desires and needs. The cost of turning them into reality comes in the form of debt. People need debt for numerous reasons, such as to go abroad for higher studies, to
Understanding the PLI Scheme for Automobiles and Auto Components
What is a PLI Scheme? Production Linked Incentive schemes (PLI), was introduced in March 2020. It is the sum of the government incentives that are linked to the manufacturing performance of companies. This scheme will help India is aiming for a position as a global manufacturing hub by improvising its local supply chain, downstream
Major MSME Sector Problems, Solutions, and Their Impact
As per the year 2014, the MSME sector of India has been able to increase its GDP share by 2.6%, which includes 18.7% exports and 10.2% imports. It generated direct employment for 8 million people and contributed a total turnover of US $192 billion (Indian Rupees). While there are many challenges ahead for both
Kerala Startup Mission: Objectives, Eligibility & Schemes
Introduction The Government of Kerala has been proactive in taking several initiatives to create a dynamic environment for start-ups. All such efforts have contributed to the growth of technology entrepreneurship fostered by innovation. There are many startups in Kerala focusing on future technologies and finding solutions in novel ways. The Kerala Startup Mission is
Kickstart Your Solar Energy Business in India Today
With the fearsome increase in the consumption of electricity, worldwide, the importance of sustainable sources has also increased. Both the central and the state governments of India have planned and laid out various schemes, offers, and techniques that encourage more and more people to indulge in the adaptation of solar energy. Moreover, it is
Short-term funding that a business or trade can draw on using its receivables is termed as accounts receivable financing. Basically, it is a type of financing process in which a firm receives monetary aid related to a portion of its accounts receivables. These can be divided into several ways, often with the basis being
