Tag Archives: #GovernmentSchemes

How mudra loan works in India?

MudraLoan in India   MudraLoan in India function as a means of offering financial assistance to small businesses and entrepreneurs through a range of financial institutions. Overview of how mudra loan work in India: 1. Loan Categories: MUDRA loans are divided into three categories based on the stage and funding needs of the business: a.… Read More »

Q18.47 Mudra scheme:Mudra business ?

Mudra scheme Mudra scheme Website Link Mudra scheme: (Micro Units Development and Refinance Agency) aims to provide assistance to micro and small enterprises operating in diverse business sectors.. Here are some examples of businesses that can benefit from Mudra scheme: 1.Manufacturing Businesses: Small-scale manufacturing units producing goods such as textiles, garments, food products, handicrafts, or… Read More »

What is msme in India?

MSME in India  MSME stands for Micro, Small, and Medium Enterprises in India, MSMEs play a crucial role in the country’s economic growth and employment generation. The Government of India recognizes the importance of MSMEs and has implemented various policies and programs to support their development and growth. MSMEs are categorized according to their capital… Read More »

When mudra yojana was launched?

When Mudra Yojana Was Launched The Mudra Yojana, officially known as the Micro Units Development & Refinance Agency Yojana, is a significant initiative by the Government of India aimed at empowering small businesses and entrepreneurs. Launched on April 8, 2015, the scheme was introduced by Prime Minister Narendra Modi as part of the government’s broader… Read More »

Difference between 80C vs 80CCD: Why is the difference between 80C and 80CCD in the Income Tax Act?

Difference between 80C vs 80CC Difference between 80C vs 80CCD: Section 80C and 80CCD of the Income Tax Act, 1961 offer tax deductions to individuals on specific investments in financial instruments. Under Section 80C, individuals can claim a deduction of up to Rs. 1.5 lakh for investments in various financial instruments such as PPF, ELSS,… Read More »

219 What is the benefit of GST number?

Benefit of GST number   Benefit of GST number: Introduced on July 1, 2017, the Goods and Services Tax (GST) is a comprehensive indirect tax implemented in India. Under the GST regime, businesses are assigned a unique identification number known as the GST number. This 15-digit alphanumeric code plays a vital role in tracking the… Read More »