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 »
The Basel Capital Accord is an agreement made in 1988 by representatives of G-10 countries to establish standardized risk-based capital requirements for banks across the globe. This framework was developed to make financial institutions more resilient in the face of unforeseen events, providing a stable approach to risk management. What is a Basel Accord? After
The Basel Capital Accord: Enhancing Global Bank Stability Read More »
Charge has different meaning in the English vocabulary, and banking has a special meaning for the word charge. Here we are not describing the service charges debited by the banks on the account. This article will explain the different type of charges lender creates over the asset provided by the borrower as a security. If
Types of Charge created on Security/ Asset in Finance Read More »
The Indian constitution has a provision for providing information regarding the functioning of Government. Though it has been enacted in the Constitution to make the data easily available for the Citizen of India, the RTI Act, 2005 is enacted. Read our article further to understand the Provisions and features of the Right to Information Act,
Right to Information- RTI Act, 2005, Provisions & Benefits Read More »
