The FinTech Hub
Source: Live Mint Economic success and creation of new jobs alongside innovation and growth stems from micro small and medium-sized enterprises (MSMEs). Securing finance has always proven challenging due to the necessity of collateral. The program creates an opportunity for MSMEs to acquire loans worth up to ₹1 crore without requiring any security pledges. This…
Source: Live Mint The interest rates on Mudra loans are something prospective entrepreneurs and small company owners must understand when applying for financial support under the Pradhan Mantri Mudra Yojana (PMMY). Let’s discuss the factors that determine Mudra loan interest rates and how borrowers can bargain for the best terms. Pradhan Mantri Mudra Yojana The…
Source: Live Mint The flagship program of the Government of India, Pradhan Mantri Mudra Yojana (PMMY), aims to promote entrepreneurship among micro and small business owners and promote financial inclusion. Let’s look at the features, benefits, and application process of this scheme in more detail. What is Pradhan Mantri Mudra Yojana? MSEs trading, or even…
Source: Live Mint The Indian government has a variety of credit schemes aimed at supporting small business owners and entrepreneurs in many industries. The scheme is intended to empower prospective entrepreneurs, spur economic growth, and generate employment. It is aimed at the microcredit that small businesses use to start off, finance, and grow huge corporations…
