Khadi and Village Industries Commission (KVIC)
Overview: KVIC is a statutory body formed by the Government of India under the KVIC Act of 1956 that aims to nurse employment and economic uplift in rural India. The term Khadi goes back to the Swadeshi Movement launched by Mahatma Gandhi in 1920 by propagating the use of hand-woven and home-spun fabrics. It was …
How to Check and Improve CIBIL Credit Score for Business Loan?
How to Check and Improve CIBIL Score/Credit Score for Business Loan? Banks and other financial institutions rely heavily on the CIBIL Transunion Score of a person to judge his/her creditworthiness, based on which the credit is disbursed to the borrower. The score typically ranges between 300 to a higher limit of 900. A score that …
CIBIL Score for Business Loan – Check Minimum Credit Score
Minimum CIBIL Score for Business Loan Businesses require huge amounts of money. Risk-taking entrepreneurs stake their lives and careers on the line to start companies. These businesses and the job opportunities they introduce to the economy are part of the economic lifecycle. Loans fuel such businesses and good loans with attractive interest rates enable people …
How to Get a Small Business Loan Without Collateral?
When starting a business or an organisation, funds are required, and for that loan is necessary. So it is important to get a business loan, but it requires some formalities. For getting loan some sort of security is given in order for a refund, but some loans require no collateral which we will discuss here. …
What Happens When You Default on a Business Loan? Plus, How to Avoid It
What Happens If You Default on An Unsecured Business Loan in India Every entrepreneur, at some point, considers or already has taken a business loan. Everyone has the best intentions of paying back the loan. However, due to situations like a sudden decline in sales, miscalculations, or other unforeseeable circumstances, your finances take a hit, …
Difference Between Working Capital Loan and Term Loan
Working Capital Loan vs Term Loan This is a question that many businesses will face in their lifetime, sometimes even more than just once. The need for financial support may come up a lot when you’re in the business world, so you need to set your financial sources straight and know what’s your best option …