Electronic commerce, or what we generally call “e-commerce”, can be simply understood as the sales and purchase of goods and services via the Internet. In recent years, this e-commerce has become a trend and has grown rapidly due to a variety of factors. Some of these include the increase in Internet connection and broadband,
MSME is one of the most popular initiatives by the government of India. The act was launched back in 2006 as the MSME Development Act. In the year 2020, the act was revised and the new revisions came into effect from 1st July 2020. A business can apply for the MSME certificate online on
Micro, Small, and Medium Enterprises, or MSMEs, are the backbones of the Indian Economy. They drive innovation, ideas, employment, and much more. Given their role in the economy and overall growth and development of the country, government, and financial institutions push the growth and expansion by offering MSME loans. These MSME unsecured loans come
Cash Flow For MSMEs Reasons It Is So Important
Historically, MSMEs have encountered various challenges with regard to cash flow management. Small businesses often struggle with limited liquidity due to payment delays, seasonal fluctuations in demand, and unexpected expenses. This compromised cash flow hinders the ability of an MSME to seize growth opportunities and navigate market downturns. This article outlines why cash flow
What is Video KYC? Guidelines and Step-by-Step Process
Digital India is no more a saying. It’s a real thing now. People use the internet to order their necessities, pay off their bills, plan vacations, and whatnot. Almost every industry is taking a step closer to digitization every while. So, why not the customer service? Although it has an e-KYC process, the innovation
Flat vs. Reducing Interest Rates: Which Is Better for Your Business?
Before taking out any form of loan, you should carefully consider the interest rate. For most borrowers, it is one of the fundamental elements influencing their decision to pick a lender and apply for a loan. The interest rates also help determine the equivalent monthly installments (EMI), which constitute a legal requirement for your
