Some borrowers plan a large gold loan a few months ahead. In that time, they may wonder whether their credit score needs to rise first. The answer depends partly on what the lender looks at for an amount this size.

Many online gold loan applications start with an OTP sent to the mobile number registered with Aadhaar. In case there has been a change in this number, the OTP does not come through. The application then stops at its very first screen.

Many people avoid checking their own credit score because they fear the check will bring it down. Others apply to several lenders in one week and are surprised when the score dips. Both worries come from the same thing, which is the credit enquiry.

Ads for loans on Aadhaar make some people think the card itself is kept as security. A borrower may even hold back from sharing Aadhaar details for this reason. The mix-up is between a KYC document and the asset that actually secures a loan.

Discover the advantages of Section 43B for MSMEs, including the treatment of expenses like taxes, interest, and employee benefits for tax deductions.

… difficulties, and limited infrastructure. The Government of India launched the MSME Development Act, 2006, to address … and easier access to loans. Timely Payments Section 15 of MSME Act 2006:  Late payments are a big challenge for small businesses. Sec 15 of MSME Act 2006 ensures buyers pay MSMEs within 45 …

Learn how MSMEs power India's economy with their vital contribution to GDP, employment, and innovation. Key insights for understanding their impact.

How has GST impacted MSMEs in India? Find out the advantages, hurdles, and opportunities it brings for small businesses to thrive.

Micro, Small and Medium Enterprise (MSME) form the most essential part of the Indian economy, contributing significantly to the country's growth. There are over 63 million MSMEs in India, employing a staggering 110 million people! These businesses operate across various sectors, from manufacturing d...

Insurance penetration has been increasing, but is still low in India (General insurance penetration rate in India was around 0.9% as of 2020) especially in the case of MSME (Micro, Small & Medium Enterprises). India’s MSMEs are largely uninsured and vulnerable to a host of risks. Even though t...