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The Udyog Aadhaar or Aadhaar for business is a registration certificate with a unique 12 digit identification number which is similar to Aadhaar, but only for businesses and enterprises. It is provided by the Ministry of Micro, Small and Medium Enterprises or the MSME and was introduced in 2015. The purpose of this system is to promote the growth of all registered small and medium businesses in the nation.
Buying a home is a big step for the majority of the Indian population, and home loans are the primary source of financing such significant purchases. Over the last couple of decades, the demand for homes, and subsequently for home loans have seen a manifold increase in the country.
And with the increase in demand for home loans, many different home loans have sprung up, which cater to the varying needs of the populace. So, if you’re looking to buy a new home, but are bewildered about which home loan to go for, here’s a list of types of home loans to choose from, and their use cases.
When you’re planning for how you’ll manage your finances when you’re retired you can’t be hasty. Retirement planning is perhaps a multistep process, and it evolves with time.
That being said, retirement planning for the service class and business owners is not the same. In most cases, the service class receives provident or pensions when they retire. But, not the business owners.
Another difference is the fact that business owners still own a share or a portion of their business when they retire. This makes it more complicated for business owners to choose the right retirement plan.
Nevertheless, we have broken it down into 5 easy steps. You can follow these steps to find a retirement plan for when you’re no longer employed.
Individuals who work on a fixed periodic (monthly, quarterly) income often budget and account for each bit of the money they earn regardless of whether or not they are salaried or self-employed. While the financial planning certainly allows for healthier financial health, a sudden unexpected expense could potentially derail the financial train, putting them in economic peril.
To become a great entrepreneur, you need to arrange your entire life around your business projects, including your finances. Unfortunately, getting this aspect of your life right can be a challenge. Around half of all millennials want to start a business, but the vast majority don’t have the finances to make it happen.
Therefore, entrepreneurs need to follow some basic money rules to make their projects a success and get the freedom they crave. Here’s what to do.
Finding the seed capital to get your dream business off the ground can be a challenge. While there are many resources available to small business owners tapping into them is not an easy task. The good news is that there are thousands of government grants available to small business owners across the country—you just need to know how to find them and find out if you’re eligible to apply.
Renting out a room could help you make money amidst COVID-19. Many landlords and tenants co-exist very happily together, if the house rules are established from the beginning and the property is set up effectively. This is something a lot of homeowners should consider.
If you’re looking to make money because of debt, whether debt due to COVID-19 or existing debt, please check out the Debt to Success System before proceeding. This can help you achieve financial freedom. It can open your eyes and ensure you are fully educated before tackling your debt.
There are times when your business will need to obtain a loan. You may need to buy more inventory or take advantage of a unique opportunity. But if you have no collateral, you will find it incredibly difficult to secure a business loan from a traditional lender. If a bank or credit union won’t entertain you, you can always get in touch with an alternative lender.
When you are running a small business, the state of your finances should always be a critical concern. It’s important that you think about how much money you are spending on your business model, particularly in comparison directly with your revenue stream. If you end up in a financially dire situation with your small business, the road to recovery can be difficult. Here are some of the steps we suggest you consider to keep things on the right track.
Being in debt can affect your mental health, which can take a toll on your physical wellbeing. Don’t let those loans rule your life. Fortunately, Internet has provided freedom and flexibility to many people who want to generate extra income and get rid of the debt. Check out the following ways to remove debt, right there from where you’re sitting.
