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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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May, 2017

How to register your MSME entity online for Udyog Aadhaar

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What is Udyog Aadhaar? Udyog Aadhaar is an online registration process for MSMEs to register themselves under MSMED Act, 2006, as an MSME unit. It has replaced the earlier cumbersome process of registration by filling Entrepreneurship Memorandum (EM) 1 and 2. The new universal (one that does not differ by states) online registration process is based on real-time Aadhaar number and OTP based authentication with Aadhaar database and then extracts identification and address data, from the entrepreneur’s data in Aadhaar’s records with UIDAI, for pre-population in the registration process. The […]

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27

May, 2017

Achieving financial inclusion through digitalization

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A savings bank account – First step towards financial inclusion Often, we hear the extent of financial inclusion being estimated by the proportion of population having a savings bank account. The reason is that a savings bank account is one of the most basic financial products and is usually the first product that is pushed by the Banks to boost the much desired CASA. CASA, an abbreviation for Current Account Savings Account, signifies the total amount a bank has across all its CASA accounts at any given point in time. […]

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May, 2017

How to start a packaged drinking water business

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How does the water filtration plant work? As per the Bureau of Indian Standards (BIS) , the raw water should pass through a series of equipment like Pressure sand media filter (PSF), Activated carbon filter (ACF) & Micron filtration. Next with the help of a high pressure pump the filtered water is passed through antiscalant dosing pump, membrane treatment & UV sterilizer. A separate bottle making and filling machine can be installed or the RO purified water can be sold to bottle manufacturer.   What are the current business opportunities? […]

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May, 2017

How to start an aluminium bottle cap manufacturing business

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Aluminium bottle caps find extensive use for bottles used in packaging cosmetics, drugs, chemicals, adhesives, cosmetics, perfumes and many more. These caps can with stand corrosive chemicals and are available in various designs and attractive colors at low cost. The demand is more for packing the products in attractive looking containers to attract the customers. Therefore, bottle caps demand would be in growing for such containers. A small unit can manufacture the caps with locally available machinery and raw material. Usage They can be molded in attractive designs and shapes […]

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May, 2017

How to procure Gumatsa license online for your business in Maharashtra (Shops & Establishment Act, 1948)

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The Bombay Shops & Establishment Act,1948 also known as Gumatsa is a trade license that needed to be availed by a business enterprise / establishment under 30 days of the commencement of the business in Maharashtra. Gumatsa is an essential license for any business in Maharashtra, irrespective of the turnover of the business or business type. It is an important license for a business as it is a proof that the business exists. It can also be availed online now. The government of India has made the process of Gumatsa […]

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May, 2017

How to start a food truck business

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A food truck is a large vehicle equipped to cook and sell food. Some, including ice cream trucks, sell frozen or prepackaged food; others have on-board kitchens and prepare food from scratch. Sandwiches, hamburgers, French fries, and other regional fast food fare is common. In recent years, associated with the pop-up restaurant phenomenon, food trucks offering gourmet cuisine and a variety of specialties and ethnic menus, have become particularly popular. Food trucks, along with portable food booths and food carts, are on the front line of the street food industry […]

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May, 2017

How to become a taxi (app-based ride hailing cabs) entrepreneur?

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With the entry of international and Indian startups like Uber, Ola, Meru etc. the utilization of taxi / Cab / private transport services has dramatically increased over the time. Simultaneously, it has helped create many new entrepreneurs who have become driver partners with one/more of these startups and have seen their incomes rise steadily from this business. In fact, leading car manufacturers like Maruti, Tata Motors, Hyundai etc. have started focusing on this segment as a fast growing one that needs tailored strategy and can prove to be a new […]

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