What is Government CGTMSE Scheme in India – that benefits businesses ?
he Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is a scheme established by the Government of India in 2000 to provide credit guarantees to banks and other financial institutions in order to encourage them to extend loans to micro and small enterprises (MSEs) in India. The goal of the CGTMSE scheme is […]
What are Negative Remarks or Derogatory Remarks on Your Credit Report, be it CIBIL, Experian, Equifax or CRIF Reports ? Know Your Credit Score Report better.
A derogatory remark on a consumer credit report is a negative item that can negatively impact a person’s credit score and creditworthiness. Some common examples of derogatory remarks include late payments, charge-offs, collections, foreclosures, repossessions, and bankruptcy. These remarks can stay on a person’s credit report for up to seven years, and can make it […]
What is a business line of credit, and how do small businesses benefit from it most of the times ? Read on if you are an entrepreneur and need to understand this funding tool
A business line of credit is a type of loan that provides businesses with access to a specified amount of funds that they can draw upon as needed. Unlike traditional loans that provide a lump sum of funds, a line of credit acts more like a credit card, allowing a business to borrow and repay […]
Does a Good Credit Score guarantees a Credit Card Issuance for You ? Read on..
A good credit score is an important factor in obtaining a credit card in India, but it is not a guarantee. A credit score is a numerical representation of a person’s creditworthiness, based on their credit history and other financial behavior. A high credit score indicates that the person is a low-risk borrower and is […]
TDS at Your Online Gaming Winnings in India Budget 2023 – Why This Government Move ?
Tax Deduction at Source (TDS) is a mechanism through which the government can collect tax at the source of income, thereby making tax compliance easier and reducing tax evasion. The introduction of TDS for winnings in online sports or online gambling sites can have several advantages for the government and for society as a whole. […]
Best Money Moves to make in Your 50s – Have a look to be money wise
In your 50s, it’s important to focus on maximizing your savings and reducing debt to prepare for retirement. Here are some specific money moves to consider: It’s important to remember that everyone’s financial situation is unique, and the specific money moves that are right for you will depend on your individual circumstances. It’s a good […]
Term Insurance – Benefits, Pitfalls and Salient Features for India
Term insurance is a type of life insurance that provides coverage for a specific period of time, known as the term of the policy. In India, term insurance is a popular choice among individuals looking to secure the financial future of their loved ones in the event of their untimely death. In this article, we […]
How should you Evaluate Your Short Term Loan Options?
When evaluating short-term loan options in India, there are several key factors to consider: By considering these factors, you can evaluate the various short-term loan options in India and choose one that best meets your needs and financial situation. Additionally, always read the terms and conditions of the loan before signing the agreement to ensure […]
Short Term Loans – who are the best providers for these short term loans ? A small primer.
In India, there are various types of short-term loan providers that cater to the diverse needs of borrowers. Some of the most common types of short-term loan providers in India include: When considering a short-term loan, it’s important to evaluate the different options available and choose a provider that best meets your needs. This includes […]
How Sachin Used Credit Cards to his benefit – and You Can Too!
Sachin was a young man who had just started working at a new job. He was excited to finally have a steady income and was eager to start building his credit history. However, he had heard horror stories about people getting into debt because of credit cards and was determined not to make the same […]