Why is Rising debt burden of Indians

Why is Rising debt burden of Indians

In India, salaried employees spend an average of 33 percent of their monthly income on monthly installments on loans, A study by financial technology firm Perbias in collaboration with PwC India has found. The study, conducted among over three million tech-savvy consumers, found that 39 percent of their income is spent on monthly expenses, including … Read more

What is the RBI circular for prepayment penalty?

What is the RBI circular for prepayment penalty?

New Delhi: RBI When individuals, small and micro enterprises try to repay their loans early, banks impose penalties. The Reserve Bank of India has urged banks to allow early repayment of loans without any penalty. The Reserve Bank has also released a draft regulation in this regard. What is the new RBI rule for loans? … Read more

Indians pay one-third of their salary towards EMIs

Indians pay one-third of their salary towards EMIs

A study has revealed that Indians pay a third of their salary as loan installments, known as EMIs. How do Indians spend their money A recent study by PwC and Perbios has revealed how Indians spend their money. The study surveyed 3 million people using financial technology services, non-bank financial institutions and other digital platforms. … Read more

New loan guarantee scheme for small businesses

New loan guarantee scheme for small businesses

New Delhi, The central government has announced a new loan guarantee scheme called MCGS for small, micro and medium enterprises. In this, companies can get loans without collateral What is the new credit guarantee scheme for MSME? The National Credit Guarantee Corporation will guarantee up to 60 percent of the loans of small businesses in … Read more

Financial consequences of late payments

Financial consequences of late payments

It is important to understand the financial implications of late payments and the need to pay monthly installments and bills on time. Your credit score is now essential. For the middle class, it is very important to follow a monthly budget and not to postpone loan installments. It is important to know that not paying … Read more

SipCot provides funding for start-up ideas.

SipCot provides funding for start-up ideas

Sipcot is the Industrial Development Corporation of Tamil Nadu Government. It is implementing various schemes for the development of start-up companies. One of them is Industry Innovation Grant Scheme. Under this scheme, start-up companies and innovators can get funding to implement their new innovations. Under this scheme, start-up companies can get funding under the following … Read more

New scoring system, for start-up business loans tamilnadu

new scoring system, for start-up business loans tamilnadu

New scoring system, for start-up business loans Tamilnadu, The Tamil Nadu government is going to implement a new credit scoring system in two months for small business enterprises to get easy loans at low interest rates. start-up business loan by tamilnadu government Tamil Nadu Govt. Tamil Nadu has launched the Small and Medium Enterprises Loan … Read more

வீட்டு கடனை விரைவாக அடைக்க இதோ சில வழிகள்

ஒரு காலத்தில் வீடு வாங்குவது எளிமையாக இருந்தன.ஆனால் இன்றோ அதிகமான விலை அதிகமான கடன் வாங்க வேண்டிய சூழல் நாம் இந்த கடனை அடைக்க நமது பாதி காலமே  முடிந்து விடும்.. வீட்டை கட்டி பார் கல்யாணம் செய்து பார் என்ற சாதாரண வார்த்தை இல்லை, நமது முன்னோர்கள் நன்கு அனுபவித்த எழுதிய இந்த வார்த்தைகள் தான்.. ஆனால் இன்றைய சூழலுக்கேற்ப நாம் அன்றாட வாழ்க்கையை நகர்த்துவது என்பது எளிதான காரியமல்ல ஒவ்வொரு குடும்ப தலைவனுக்கு தெரியும், … Read more

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