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Information enables, knowledge empowers, wisdom elevates. In this age of smart phones and digital enablement for all, new forms of credit are constantly coming to our door steps; being aware can transform the way we think about funding our businesses. We are passionate about issues that surround small businesses and this space is devoted towards spreading awareness about various tools that can benefit entrepreneurs. Keep reading..

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Oct, 2016

10 FAQs on Mudra scheme – Funding the unfunded

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Dear Entrepreneur, India is home to close to 60 Mn small businesses; these businesses contribute ~8% to country’s GDP. Most of the small business units are unorganized in nature, have limited understanding of formal financing structures, and may not have perfect documentation or banking vintage. Because of these problems, often they end up borrowing at very high costs from informal sources. In order to solve this funding gap, government of India has launched Mudra Yojna, with a sole motive to fund millions of micro units who cannot get access to […]

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