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 »
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 »
LLP repayment start Here are some general considerations: Loan Agreement: The loan agreement specifies the terms and conditions of the loan, including the repayment schedule. It typically indicates when the repayment obligations begin, such as a specific date or a certain period after the loan disbursement. Grace Period: Some loan agreements may… Read More »
No Due Certificate From A No Due Certificate from bank is a document issue by the bank to confirm that an individual or organization has no outstanding dues or liabilities towards the bank. It serves as proof that all financial obligations, such as loans, credit card payments, or any other financial liabilities, have been… Read More »
Liquidating Value Include Margin Liquidating Value Include Margin: The net liquidating value includes margin because margin refers to borrowed funds that an investor uses to purchase securities. When an investor trades on margin, they are essentially borrowing money from a broker to increase their buying power and potentially amplify their returns. Including margin… Read More »
Download Turnover Certificate from IREPS To Download Turnover Certificate from IREPS (Indian Railways e-Procurement System), you can follow these steps: 1. Visit the IREPS Website: Go to the official iREPS website using your web browser. The iREPS website URL is https://www.ireps.gov.in/. 2. Login to Your Account: Log in to your iREPS account using your… Read More »
Mudra loan scheme Mudra loan scheme Website Link Mudra loan scheme: The MUDRA (Micro Units Development and Refinance Agency) loan scheme offers support to a diverse array of business sectors and activities. While the specific list of eligible projects may vary depending on the lending institution and their criteria, here are some common… Read More »
Mudra Project Profile MUDRA (Micro Units Development and Refinance Agency) project profile refer to the detailed descriptions of various types of business projects or activities that are eligible for financing under the MUDRA loan scheme in India. These project profiles provide information about the nature of the business, its scope, investment requirements, potential profitability,… Read More »
Mudra Yojana It is also known as the Pradhan Mantri Mudra Yojana (PMMY), was launched on April 8, 2015, in India. It was introduce by the Government of India to provide financial assistance and support to small and micro-enterprises in the country. The main objective of the Mudra Yojana is to promote entrepreneurship and generate… 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 »