Bank Overdraft & Cash Credit Bank overdraft and cash credit facilities are both forms of short-term borrowing provided by financial institutions to individuals and businesses. Here’s a detailed explanation of each: 1. Bank Overdraft: i. An overdraft is a financial arrangement where a bank allows an account holder to withdraw funds from their account even… Read More »
User Intent Users searching for CIBIL score-related information often want to: Understand what a CIBIL score is. Learn how it affects loans and credit card approvals. Know how to improve their CIBIL score. Compare CIBIL with other credit rating systems. Identify the benefits and limitations of having a high or low score.… Read More »
Can LLP take loan from bank Certainly, a Limited Liability Partnership generally has the ability to obtain a loan from a bank or other financial institution, as long as it meets the lender’s approval criteria and demonstrates adequate creditworthiness. Many banks offer specialized loan products specifically designed for businesses, including LLPs. It fulfill… Read More »
Book Keeping Book keeping is a subset of accounting and refers to the process of recording and organizing financial transactions of a business. It involves systematically recording the financial activities such as sales, purchases, receipts, and payments in appropriate books or electronic records. Accounting, on the other hand, encompasses a broader set of activities… Read More »
Entrepreneurship funding Entrepreneurship funding, “The format of a MUDRA (Micro Units Development and Refinance Agency) loan project report may vary depending on the requirements of the lending institution. However, here is a general outline that can serve as a reference for preparing a MUDRA loan project report: 1.Introduction Executive Summary: Provide a concise… Read More »
Project Proposal for Mudra Loan A project proposal for a MUDRA (Micro Units Development and Refinance Agency) loan should provide a comprehensive overview of your business venture and demonstrate its viability. Here is an outline of the key components to include in your project proposal: 1. Introduction: Provide a brief introduction to your business… Read More »
User Intent Many entrepreneurs and small business owners seek financial assistance to expand their businesses. The Mudra Loan Project Report Sample is crucial for securing funds under the Pradhan Mantri Mudra Yojana (PMMY). This article provides a step-by-step guide on preparing a project report, including its definition, detailed application, benefits, limitations, a… Read More »
Working capital management Working capital management refers to the administration of a company’s short-term assets and liabilities to ensure it operates efficiently and maintains adequate cash flow. It plays a crucial role in a company’s financial health by balancing liquidity (the ability to meet short-term obligations) with profitability. By optimizing working capital, businesses can sustain… Read More »
Financial Management Financial management: It refers to the process of planning, organizing, controlling, and monitoring the financial resources of an organization to achieve its goals and objectives. It involves making decisions about how to raise and allocate funds, invest resources, and manage risks to maximize the organization’s value and financial performance. The key areas of… Read More »
The definition of Invoice financing Invoice financing also known as invoice discounting, is a form of short-term financing in which a company sells its accounts receivable (invoices) to a financial institution, such as a bank or a non-banking financial company (NBFC), at a discount. The financial institution advances a percentage of the invoice value to… Read More »