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Money

May 21, 2019, 06.42 PM IST
11,709.10-119.15
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Offer up to Rs 1 cr overdraft to MSMEs on turnover reported in GST returns: ICICI Bank

"In our experience, we have seen that MSMEs, typically go through setup, operating, growth and diversification," said Pankaj Gadgil, Head - Self Employed Segment, ICICI Bank.

Cashing in: 7 payment gateways for small businesses

Finalizing a payment gateway for your business depends on various factors like integrations, currency support, proactive customer support and more. We list here seven payment gateways that are suited for small businesses.

A primer for availing MSME business loans: Here's everything you need to know

Lenders derive comfort when sanctioning a business loan to an entity registered within the statutory framework as required.

What makes NBFC-P2P sector a better choice for raising funds for an MSME these days

India has huge credit gaps and it is important to build institutions and structures that can help bridge the chasm. Being reliant on just one form of financing can prove to be a costly mistake.

Common fundraising challenges entrepreneurs face and a guide to overcome those

​Conduct a detailed study of lenders' requirements for project or working capital loans and compare the same with the internal realistic projections and eligibility.

Financial practices every SME owner should adopt at the beginning of the new fiscal year

If you want to identify your business's financial condition, you should analyze the previous year's cash flow patterns.

Accounting reports that a bank may ask before giving you that loan

It is important to note that all accounting documents need to be certified by a CA and audited proof of continuation of will need to be submitted.

Loan or equity? How to fund your business

At the heart of the decision to either go for a loan or raise money through equity is the actual need.

Starting a business? Avoid these common mistakes

Are you an entrepreneur who is planning to start a business? Here is a six-point guide you should follow to avoid common mistakes. Emandi Sankara Rao, MD & CEO, IFCI Ltd explains

How to approach IFCI for SME funding

IFCI, a 70-year-old NBFC provides financial support for industries across the spectrum. For an entrepreneur who wants to start a business, the biggest issue is of finances and to take necessary permissions for establishing the business. Making a sound financial plan is also very important. IFCI helps them in taking care of all these teething problems. Dr Emandi Sankara Rao, MD & CEO, IFCI Ltd explains How to approach IFCI and what has been its role in supporting the SMEs, Watch

How FinTech segment is being shaped in different geographies

How FinTech segment is being shaped in different geographies

The year 2019 is set to be brimming with increasingly innovative solutions while catering to emerging patterns of what is to become the future of the FinTech segment.

Embracing technology: Should a small business take a loan to upgrade?

Embracing technology: Should a small business take a loan to upgrade?

Technology does not come cheap and more often than not; it does call for substantial investment.

Money matters: How to arrange funds for your small business

Money matters: How to arrange funds for your small business

There are different options that an entrepreneur can look at to fund his small business and each come with its own pros and cons.

Four things to consider before you raise money from a bank

Four things to consider before you raise money from a bank

It is important to realize that a loan comes with strings attached in the form of interest and hence, it should be taken when you really need it.

Bank loan: How to write your business plan

Bank loan: How to write your business plan

​Since you cannot make your case in front of every individual that decides and scrutinizes your loan application, a business plan does that job for you.

Financial goals that every business needs to have

Financial goals that every business needs to have

Goals are essential so that you have a clear idea about what you are working towards, without which much of your business effort may be chaotic or ad hoc.

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