Loans can come in handy when you are in need of some emergency cash. You can use a personal loan for many things, such as taking care of immediate or unforeseen expenses or going on a holiday. But, you can use a business loan for business activities only. However, when it comes to funding busines.....

Some of the main differences between personal loan and business loan are as follows:

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Types of Business Lending

Business lendings are financial solutions offered by banks and non-banking financial companies to help emerging and fast-growing businesses. These solutions vary from one loan provider to another. As a result, a borrower needs to compare several parameters such as interest rates, loan terms and c.....

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A business loan can prove extremely useful for budding entrepreneurs and small businesses. The loaned amount can be used to improve the business set-up, buy raw materials, and improve the overall business infrastructure. However, most business loans are secured loans and demand a collateral again.....

Online business loan EMI calculators require you to provide the following inputs-

  • Step 1: Enter the total loan amount
  • Step 2: Enter the rate of interest on your business loan
  • Step 3: Enter the total loan tenure of your busines.....

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Starting a business of their own is a dream for many, but only a few are able to materialize their plans. While some are unable to secure the required financing, others get stuck at articulating their business ideas. Though financing a business has become simpler, thanks to business loans, conjur.....

Here are 10+ Big Investment Business Ideas to Give You a Head Start in Building Your Own Business Empire

  • Textile Unit – Textile is a booming industry in India and contributes to 2 per cent of India's GDP and to 15 per cent of export earnings. However, to open a textile .....

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All About Professional Loans

Professional loans are loan facilities granted to working professionals like doctors, lawyers, chartered accountants, architects, etc. who are looking for funds to start their own practice or expand their trade. A lot of people often confuse a professional loan with a

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A Step-by-step Guide on How to Apply for a Doctor Loan

Designed for medical practitioners, a doctor loan is an excellent financing option to help you meet different kinds of fund requirements. These loans are available for professional or personal fund requirements. A doctor loan is an alternative against unsecured loans like a personal loan or secur.....

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Reasons to Get Machinery Loan For Your Business

Your company requires the right equipment to ensure consistent output that translates into profits and overall growth. Today the most technologically advanced machines help reduce manpower and save long term costs. In case your working capital falls short to fund your machinery requirements, you .....

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Checking your CIBIL score update is probably more important now than ever. Bank of Baroda has recently offered a pioneering take on MSME (Micro, Small, and Medium Enterprises) loans: that of risk-based pricing. The Bank is now willing to offer lower

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Benefits of Collateral Free Business Loan

It is no easy task to establish and run a business. At all times, there are a number of priorities to be considered, factors to be accounted for and resources to be managed. As a result, business owners often find themselves face to face with a variety of different challenges. For most entreprene.....

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It is possible for you to avail a business loan without submitting your Income Tax Return (ITR) document. Many public and private sector banks and NBFCs are now willing to offer a business loan without an ITR. 

 

As a new business owner or a start-up, you may be too youn.....

  • Individuals, companies, retailers, manufacturers, limited liability partnerships (LLP), partnerships, sole proprietorships, cooperative societies, etc., are all eligible to avail a business loan.

 

  • Start-ups and first-time business owners are also eli.....

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Linkage of Eway Bill With GST Returns

The eway bill provisions had primarily targeted a single national-level eway bill, which will be used by suppliers and transporters of goods all across the country. Till this national e-way bill was ready, the States were authorized to continue their current e-way bill systems. However, the GST C.....

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How To Get A Collateral Free Business Loan

The thought of taking out a loan is often accompanied with a worry about putting aside a valuable personal asset such as property at stake. Such secured loans mandate that you put aside a collateral in order for the lender to be assured of recovering the dues in the event that you are unable to m.....

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Any and every business requires financing for several reasons at different points in time. The needs for every business differs based on multiple factors. Any startup, for example, would require finances in order to organise operations. On the other hand, any small business would require finances.....

Quick finance for a machinery loan in India has remained elusive for a large number of SMEs that are in need of business loans . What becomes difficult for these business owners is the fact that the nature of the SMEs mean that they cannot usually afford the collateralization of their holdings in.....

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If you want to enter the food business but do not want to bear the expenses associated with setting up a physical restaurant, you can always go the cloud kitchen route. If you consider the costs attached with setting up a cloud kitchen and compare it against the revenue it can generate, a cloud k.....

To put it very simply, when you offer restaurant-quality food to people directly in their homes without an actual restaurant-like space, you are basically running a cloud kitchen. Essentially, a cloud kitchen is a restaurant business that you run without actually bearing the overhead costs that y.....

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E-way bill to be blocked if monthly returns not filed for 2 months

Introduction

An E-way bill is a document issued by the carrier containing details to the shipment of a consignment of goods. It is an important document that is required to move goods from one place to another in a vehicle, the transporter needs to be a GST registered individual......

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The agriculture sector in India has gone under significant structural change. Traditional methods of farming have left the farmers of today searching for something better. The pursuit of chemical intervention to push crop yield has only led to harming the earth. Farmers and communities have faced.....

We are going to get you started in your venture into the organic food business by including all the requirements you will need in the terms of capital, property, and manpower, registrations, and financing that you will need for your venture.

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FMCG (Fast-Moving Consumer Goods) sector consists of businesses dealing in goods that are quickly consumable (therefore called fast-moving) such as milk and dairy products, beverages, cosmetics, etc. Since FMCGs have a short shelf life, quick delivery of goods is critical in the FMCG sector. The .....

The FMCG industry is a vast industry and a large class of products fall in the FMCG category. Products that fall in the FMCG category include:

  • Fresh/Frozen Food and Dairy Products: Milk, curd, fruits, vegetables, raisins and nuts

  • Processed Food:.....

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Being a doctor and running your own clinic is not an easy task. It's a process that requires patience, hard work, and determination. Moreover, you also need to stay in the present and simultaneously plan for the future to sustain and grow your clinic. If you're wondering how to increase your pati.....

Feeling overwhelmed? It’s understandable, but don't let this stress get in the way of your clinic’s growth. By following the above-mentioned steps, you can steadily increase your patient base and grow your medical practice. For additional financing, you can even consider

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Since it has come into effect, the Goods and Service Tax (GST) system has undergone numerous changes. On October 1, 2020, the system had a mandated introduction. Currently, all taxpayers with a turnover between ₹50 Crores and ₹100 Crores are required to use the e-invoicing system. The annual turn.....

When invoices first started to be produced, a significant problem for the government was the prevalence of persons using fraudulent invoices to evade taxes and conduct fraud. By requiring the use of e-Invoices from government portals, a mechanism for electronic invoicing was proposed to put an en.....

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Starting a private practice as a healthcare service provider requires licensing and regulatory criteria, be it a doctor’s clinic, individual practice, laboratory facilities, a single speciality hospital or a multi-speciality hospital. Therefore, it is imperative for you to be aware of the differe.....

The first step in any business is to create a thorough and comprehensive plan that allows for flexibility in response to unexpected events, and unforeseen challenges.

 

It would be ideal if you could project and estimate various costs, ranging from the purchase of clinic equi.....

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An electronic waybill, popularly known as an e-way bill, is a mandatory electronic document generated to certify and authenticate the moveme.....

Rampant evasion of taxes was prevalent in the country during the previous indirect tax regime. The Central government levied duties and taxes on the manufacturing and rendering of services. On the other hand, the state governments were empowered to levy taxes on the intrastate sale of goods. The .....

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Know All About Startup loan in 2021

While the economic climate of the country may not have seemed ideal over the past year, the year 2021 brings new hope for entrepreneurs looking to make their mark in the business landscape. But what they need, above all, is some financial assistance along the way. So if you are an entrepreneur lo.....

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Eway Bill Penalty - Consequences of Non-Generation of E-Way Bill

If you want to transport goods worth ₹50,000 or above from one state to another, it is mandatory for you to generat.....

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Imports and exports form the core of a country’s international trade and boost its foreign exchange earnings. In India, all entities taking part in import and export activities are required to abide by the

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How to Determine Your Working Capital Requirement

Working capital is an accounting term that means the capital used in your business’ day to day operations. It is calculated by deducting one’s current liabilities from one’s current assets, and is a key factor to your business' success. Most of the aspects of your business are affected by working.....

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Over 28.68 crore loans have been sanctioned for a total amount of Rs. 14.96 Lakh Crore. Banks, Micro Finance Institutions or MFIs, and Non-Banking Financial Companies have sanctioned the amount since after the Pradhan Mantri Mudra Yojana or PMMY had been launched.

The Union Finance Ministry had issued a statement claiming that the Ministry of Finance remains committed to ensuring that financial inclusiveness is provided to the hitherto socio-economically weaker and neglected classes and the marginalized communities. The financial requirements of each stake.....

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Eway bills are mandatory for goods which are crossing state borders and are valued at ₹50,000 or more. Issuing Eway bills have been made mandatory so that they can be tracked while in-transit and the relevant officials can identify possible tax evasion attempts. However, there are some goods whic.....

As per the provisions under Rule 138(14) of the Central Goods and Services Tax Act, 2017, no Eway bill is required under the following circumstances:

  • In case goods are being transported from customs ports, air cargo, airport complexes and land customs stations to an inland conta.....

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The Eway bill is an essential document that must be mandatorily generated when transporting a consignment of the value of ₹50,000 and more. This bill ensures that the GST authorities and consignment owners experience a smooth process when undertaking the transportation of goods. Typically, the co.....

The E-Way bill system has been recently updated with the option to include multiple vehicles in a single Eway bill. This essentially .....

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5 must Ask Questions before You Apply for Lendingkart Business Loan

5 must ask questions before you apply for Lendingkart business loan

When growing an established business or kick-starting a new venture, finance stands as a pivotal aspect. Fortunately, business financing options are available in abundance. A large number of leading lenders offer.....

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An eway bill (EWB) must be generated for every good that has to be transported from one state to another and is worth more than ₹50,000. But, sometimes, the object is too big to be carried in one vehicle. To overcome that obstacle, these goods are dismantled for logistical convenience purposes. O.....

This particular transaction type is more popular in industries that produce or trade in heavy machines or furniture, such as the automotive, infrastructure or the furniture industry. Oftentimes, such goods are dismantled at the place of origin, packed in compact boxes and taken across state borde.....

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Small business loans for the unemployed are given to those individuals who want to set up a small-scale business venture of their own but are currently not working with a company. Such kinds of loans help young and educated professionals or non-professionals kickstart their entrepreneurial journe.....

The interest rates at which some of the most well-known Indian financial institutions offer small business loans for the unemployed are as follows:

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A credit-linked subsidy program, Coir Udyami Yojana or CUY is a scheme that has been developed by the government to help entrepreneurs set up a coir manufacturing unit. It serves as a combination of a loan and subsidy. The subsidy enables beneficiaries to avail a maximum of ₹ 10 Lakhs as a way to.....

  • The Coir Udyami Yojana is launched by the Central Government of India

  • The scheme is aimed to help develop small and micro-level coir industries across the country

  • The maximum limit on the cost available under Coir Udyami Yojana is up to ₹ 10 Lakhs

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A job work is essentially the outsourcing of a portion of the manufacturing process to a third-party vendor/contractor. This means that a part of the manufactured goods are transported from the premises of the principal (the entity that assigns the task to the third-party) to that of the job work.....

If the outsourcer is sending the goods to a job worker located in a different state, the former will compulsorily have to generate the eway bill for job work as per the standard procedure. Even if the value of the goods is under ₹50,000, the outsourcer will need to generate an Eway bill for job w.....

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A special economic zone (SEZ) is defined as a zone where businesses enjoy lenient taxation laws and legal compliances. Another defining feature of SEZs is that they are located within the national borders of a country, partially owing to the nature of the commerce-related laws applicable in such .....

An export, in the context of an SEZ, is defined as a good and service that have been sent outside of India for the purpose of selling them or having them rendered. Additionally, the supply of goods and services from one unit/developer in the SEZ to another unit in the same SEZ or some other one. .....

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One of the primary purposes of an Eway bill is to ensure the movement of the goods at the check post happens smoothly. Once the goods are ready to be moved from point A to B, the transporter has to ensure that the following things are in place:

  1. E-way Bill/number

  2. .....

    When the goods are in transit, a proper officer could intercept or inspect any good carrier. It may either be intercepted for eway bill verification purposes or simply the inspection of goods. In addition to the e-way bill verification process, the officer may also verify all of the documents tha.....

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Aside from the initial dental clinic setup cost, there are several facets that go into running a dental clinic. Before setting up any kind of business, it is imperative to have a business plan involving the current operations as well as how you see the clinic growing over a period of time. Having.....

A dental clinic setup cost will include the costs incurred for buying the essential equipment required to run the clinic. Read on below to learn the dental clinic setup cost in India, especially concerning the essential equipment.

  1. Dental chairs and hard equipment can set you bac.....

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The agriculture sector in India is one of the biggest employers of labour force. With such a large percentage of the population employed in agriculture or allied sectors, agriculture finance plays a significant role. Agricultural finance caters to funding activities associated to agricultural act.....

Among the sources of farm finance to banks and institutions in India is the National Bank for Agriculture and Rural Development (NABARD). NABARD offers refinance.....

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