aditiahuja

  1. What would happen if you don't repay the Mudra loan or the CGTMSE?

    If you fail to pay the loan withdrawn under the MUDRA or CGTMSE scheme within the stipulated time (7 years in case of a MUDRA loan), the financial institution will take steps according to their framed repayment policy. The authorities explain their terms and conditions to a borrower before disbursing a loan.

    If you do not pay a loan before the deadline, the authorities first send you a notice directing you to repay it as soon as possible.

    In case you still do not initiate ...
  2. Is it possible to start a business or medical practice in residency?

    There are no firm reasons to why they can't, so itís a Yes! Doctors have a long pool of talents, skills, and knowledge in them which highly respected, and trusted in the society. However, there are certain facts that need to be understood and examined, before coming to a conclusion:

    • An individual has to be very careful while planning and consideration the demand from this form of business as it is somewhat stressful and hard.
    • If additional income is the main reason behind starting
    ...
  3. How can I improve my CIBIL score from 585 to 750 to avail a business loan?

    We know that in order to avail a loan, a good credit score is a basic requirement. If you have a low score, there are ways to increase your credit score:

    • Pay the bills on time as this will help to avoid late payments of loans, bills, mobile phones, etc as this has a great impact on the overall credibility of an individual
    • If you have no credit rating, avail short-term low amount loan and repay on time will provide a great boost in credit score. For a quick increase in the score,
    ...
  4. Suggest the ways to improve the CIBIL score from 550 to 750?

    We know that in order to avail a loan, a good credit score is a basic requirement. If you have a low score, there are ways to increase your credit score:

    Pay the bills on time as this will help to avoid late payments of loans, bills, mobile phones, etc as this has a great impact on the overall credibility of an individual

    If you have no credit rating, avail short-term low amount loan and repay on time will provide a great boost in credit score. For a quick increase ...
  5. Describe the Best Sources to Improve your Business?

    Most of the issues faced in running a business are associated with the funding. So the best way to improve your business is to get a steady source of finance to run your company. And the best way to do so is by availing for a business loan. There are many ways how you can improve your business with business finance.

    Some of them are as follows:

    • Increase your business cash flow
    • Stock up on inventory
    • Upgrade to the latest technology
    • Scale up operations
    • Take
    ...