Category: BLOG

BLOG

Recent Reforms For MSMEs in India Amidst COVID-19 Pandemic

Dr. Viibhor Agarwal

With around 31% contribution towards GDP and 45% of the exports of the country, the development of the MSME sector is an important driver of the Indian economy. This article aims to analyse the pre-COVID-19 and the present scenario of MSMEs, and also discusses the various schemes introduced by government to boost the sector. Through schemes like Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), AatmaNirbhar Bharat Abhiyan etc., the government has initiated reforms to bring liquidity by providing collateral free loans for the cash crunched MSMEs during…

Financial Planning For Beginners….

Dr. Viibhor Agarwal

Management of our own money is a must in today’s life as money is something which can help you anyway in times of crisis, health issues, inflation etc. Problem Never comes with a warning. So a person needs to be ready for it and in money is something which is one of your best friends, if you have it people will be your friends too and if not people will find ways to ignore you as they feel that you might ask for monetary help from them. Management of money…

Easy Way to Incorporate Your Company in Hours

Dr. Viibhor Agarwal

We have critically evaluated the change in the process to incorporate companies in India post deployment of the web forms involved in the company incorporation. The web form is a “one stop shop” for company incorporation and statutory registrations. and will make it easier for professionals to obtain these registrations in one go. Practitioners may find the below write-up informative and useful while incorporating a new company. BACKGROUND The World Bank’s Ease of Doing Business Survey 2020 ranked India 63rd, out of the 190 countries. This was a major improvement…

COVID-19 – AATMANIRBHAR BHARAT SCHEME – AATMANIRBHAR MSME

Dr. Viibhor Agarwal

  MSMEs have been hit by COVID-19 and are currently resolving small hiccups to restart the business. Honourable Finance Minister recently announced measures to boost liquidity in MSMEs, help them take benefit of the Government schemes, and strengthen their competencies. The following are recent relief for Aatmanirbhar MSMEs. Collateral-free loans of ₹ 3 Lakh Crore to MSMEs: Banks and NBFCs will offer up to 20 per cent of entire outstanding credit as on February 29, 2020, to MSMEs. Units with up to ₹ 25 Crores outstanding credit and ₹ 100…

What is SIP? How SIP Works?

Dr. Viibhor Agarwal

Just 5 minutes to invest in SIP Systematic Investment Plan (SIP) gives you the opportunity to put a certain amount every month in your preferred Mutual Fund scheme. SIP or Systematic Investment Plan is being searched most on Google. Many investors want to know about this method of investing in Mutual Funds. In the last few years, investment in SIPs through mutual funds has increased rapidly. If you also want to earn a good return on your savings, then we are telling you how you can easily invest in SIP.…

Why Financial Planning Is Important For Future

Dr. Viibhor Agarwal

Here we would get to know how we can plan our funds or finances or money simply and wisely in our day to day lives. Any person needs money to survive but how that money needs to be spent or saved. Anything needs proper management if we want optium benefits from that. So here we will look into a few day to day routine behaviors or activities through which we can save money and use it on better and necessary things. Financial planning is necessary not only for a person,…

Five Ways To Invest In Gold

Dr. Viibhor Agarwal

Five Ways To Invest In Gold   When it comes to investment Gold investment is one of the best investment opportunities that comes our way. Gold investments are profitable in the long run as it is a safe haven when the market is low or going through recession. For example at the time of coronavirus pandemic 2020 people started buying Gold as the market was going through recession and people wanted a safe source where they can park their money. Investors and savers like gold for so many reasons you…

Complete Truth About Health Insurance in India

Dr. Viibhor Agarwal

In today’s world health insurance is one of the basic necessities in a person’s life. But there are so many myths as well as clauses which makes it difficult to understand about health insurance. As there is a high competition in the market so companies and third parties are providing more and more information and facts available for the customers so that they never fall because of myths. Anything which is there in the market has its pros and cons but when it comes to health insurance it has more…

5 mistakes often made by people while purchasing life insurance policy

Dr. Viibhor Agarwal

Investment in a life-insurance policy is really worthy for any individual as it secures your life as well as the lives of your family members. It has a tenure fixed by its company as soon as the tenure is over you get back the whole amount and in case of your demise the total amount at the death is handed over to the nominee. Although because of so many policies and plans prevailing in the market a person gets confused among them as it is really important to compare plans…

HOW TO GET MSME LOAN IN INDIA

Dr. Viibhor Agarwal

MSME means  Micro, Small and Medium Enterprises. The ministry of MSME is a branch of Government of India which executes Micro, Small and Medium Enterprises through the formulation of different rules, regulations and laws in India. The Minister of MSME is Mr. Nitin Gadkari since 31 May 2019.   What are MSME loans?   MSME loans are financial help taken by several financial institutions to fulfil their different expenses that are related to business directly or indirectly. These loans are unsecured in nature and there are certain criterias which an…