With the growing adoption of digital payments in India, the National Payments Corporation of India (NPCI) continues to enhance the user experience and security of UPI transactions. One of the latest innovations is the BHIM UPI Circle, a feature that aims to simplify and safeguard peer-to-peer (P2P) transactions while promoting financial inclusion. Let’s dive into […]
BHIM UPI Circle: Transforming Digital Payments in India Read More »
The Reserve Bank of India (RBI) recently released its updated Master Direction on Credit Information Reporting, effective from 2025. These comprehensive guidelines are designed to streamline credit reporting processes, ensure data accuracy, and strengthen the credit ecosystem in India. Here’s a detailed look at what these new directions entail and why they matter. Why Credit
RBI’s New Direction on Credit Information Reporting: Key Highlights for 2025 Read More »
The PM Vishwakarma Scheme, launched by the Government of India, is a transformative initiative aimed at supporting traditional artisans and craftsmen. Recognizing their vital contribution to India’s cultural and economic heritage, this scheme is designed to enhance their skills, improve their livelihood, and promote sustainable development. What is the PM Vishwakarma Scheme? The PM Vishwakarma
PM Vishwakarma Scheme: Empowering India’s Traditional Artisans Read More »
TReDS, or the Trade Receivables Discounting System, is an initiative by the Reserve Bank of India (RBI) to help Micro, Small, and Medium Enterprises (MSMEs) get their payments faster from large corporations, government departments, and public sector units (PSUs). Objective of TReDS TReDS was created to address two main challenges faced by MSMEs: By bringing
TReDS Platform- Trade Receivables Discounting System Read More »
The Stand-Up India Scheme is a government initiative designed to empower Scheduled Caste (SC), Scheduled Tribe (ST), and Women Entrepreneurs by facilitating bank loans ranging from ₹10 lakh to ₹100 lakh. The scheme aims to support the establishment of greenfield enterprises, making it a pivotal program for first-time business owners in the manufacturing, services, or
Stand-Up India Scheme: A Comprehensive Guide for SC/ST and Women Entrepreneurs Read More »
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) was established to cover the credit loss incurred by lenders when Micro and Small Enterprises (MSEs) default on loans. This scheme facilitates collateral-free credit, making it easier for entrepreneurs to access funding while ensuring banks have risk-free loan options. Here’s everything you need to
CGTMSE Guarantee Cover for MSMEs: Eligibility, Benefits, and How to Apply Read More »
Businesses in India are categorized into Micro, Small, and Medium Enterprises (MSME) based on two key factors: investment in plant and machinery and annual turnover. This classification plays a vital role in defining the economic backbone of the country. The MSME sector contributes significantly to the Indian economy, accounting for: By driving uniform growth across
Understanding MSME Classification and Government schemes Read More »
