Month: September 2022

Pradhanmantri Mudra Loan Yojana

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Mudra Loan

Pradhan Mantri Mudra Loan

Mudra loan is a loan given to small businesses under the Pradhan Mantri Mudra Yojana. That is, there non-farming (non-agriculture) sector and there should be a non-corporate (micro and small industry). The loan tax limit in this is Rs 50000/- to Rs 1000000/- .

How many types of loans the government is giving in Mudra loan, so first of all they have kept the maximum amount in it. 10 lakhs under this scheme. You will not get more than that. There are three types of government loans in this. The first is Shishu Loan. Second Kishore Loan. Third Tarun Loan.

Shishu Loan:- Shishu Loan  Means that is the business in which the loan requirement is  Rs 50000/- .

Kishore Loan:- Kishore Loan i.e. Kishore Loan takes loan Rs 50000/- to Rs 500000/- .

Tarun Loan : Rs 500000/- to Rs 1000000/-  If you are taking a loan between

In this and there is no processing fee for Kishor loan. But there if you fall in the category of youth. That Rs 500000/- to Rs 1000000/-  is, if you have a loan requirement between 0.5% Abdul loan amount.

Read This Article in Hindi

Mudra Loan Eligibility

First of all people say that this is my shop., yes, you can take a loan. You can also take new and you can also take existing. What will be your repayment period, so 3 years to 5 years i.e. loan  3 years and maximum 5 . Who are eligible to avail Mudra Loan? What is the eligibility, who will get the loan. Let’s know about it. If you want to start a very initial stage business, which does not require a lot of money. Want to do some other work? What will be the requirement in this?

Machinery if you are taking. If you have any small, then its quotation will be required and if you have made any kind of purchase, then you will have to pay the invoice for it. Apart from this, if you have purchased from someone, in which from the supplier, then you will also have to give its details from whom you are buying.

Your teen is more in vogue in this.in Kishore Rs 500000/- Loan up toIf you want to do business in this small scale, then you Rs 500000/-  will get a loan of up toThere is a provision of loans in the Kishor category for those who want to grow the existing business. Like if you set up a shop, but if you want us to do another shop or if you were doing car work. If you want to take a commercial vehicle, if we buy another car,  then  In that case, if you want, you can take it as a loan.

Benefits of Mudra Loan Yojana: –

Mudra loan is free without security or collateral.

There is no processing fee levied on Shishu loans that can be availed under Mudra Loans.

charged on Kishore loan and Tarun loan, which is merged under Mudra loan, 0.50% processing fee is

Mudra loan is available for 3 years which can be extended to 5 years.

Women get Mudra loan easily. 

If you want to take Mudra loan easily, then apply in the name of any woman in your house. Loan will be available quickly and easily. It has often been seen that 100 people have got a loan, then 75% of the ratio is of women , because the government is paying more attention towards women empowerment.

From which institution can Mudra loan be taken?

  • By Public Banks
  • Private or Private Bank
  • Regional Rural Banks (Rural Region Banks)
  • through Co-Operative Banks
  • (Micro Finance co.)
  • Non-Banking Financial Institutions (NBFC’s)by

Documents required for Mudra Loan: – (Document required for Mudra Loan in hindi)

Not much document will be required for Shishu loan. Only PAN Card, Aadhar Card, Address Proof. But for Kishore Loan and Tarun Loan, the following documents will be required.

Required Documents: –
Identity Proof IdentityCard PAN Card / Driving License / Passport / Voter / Aadhar Card
Address ProofPassport / Driving License / Voter ID / Aadhar Card / Utility Bill / Bank Details / Bank Account Passbook (Updated and 2 Months) Not Old) )
Ownership ProofContract Copy / Electricity Bill / Maintenance Bill with Share Certificate / Municipal Tax Bill / Share Certificate
Business Continuity Proof / Office Address Proof / Company KYCShop Establishment Certificate / Tax Registration-VAT / Service Tax /GST Registration/Company PAN Card 
Firm ConstitutionMoA , AOA,  Partner Ship Deed, GST Registration Certificate, Company PAN Card 
Financials1. Latest Two Years Financials (Balance Sheet, Profit & Loss , Immovable Property, Depreciation,, All Schedule 2. Latest Tax Audit Report.
BankingBank Statement (Business Accounts) for the last six months
Office Address Proof / Company KYCShop and Establishment Certificate/Tax Registration-VAT/Service Tax/GST Registration

 

It is more important for you to take the project report. All these things happen in a project report. This can basically be done only through Chartered Accountants, Company Secretaries. any personal person  Couldn’t make it. your in  Tarun Loan  Rs 1000000/- There can be loan sanction up tobut there are some criteria for that. He has to follow up.

Secondly, if you fall in any special cast category other than that  If so, you will have to give its certificate as well. Without this project report, he will not give you loan. Otherwise, make a project report. The project report should be yours and let me tell you.

Many people do not get loans because their project reports are not worth it. The reason behind this is that we are not able to fulfill our documents according to the bank’s criteria and standards. That’s why the banks reject your loan. You must carry a kind of project report  badly needed.

Will the interest payment have to be paid for the Mudra loan as well, whether this term  Loan  It’s the same. In this also you will have to pay interest to the bank. This rate may be different for different banks.

Does it require security? Any kind of quattrol is a must. The government has said that no quality control or security of any kind is necessary.

Let us know about some industries which can get Mudra loan.

Transport and Services :-

You also get Mudra loan for doing business related to transport. If you want to buy photo machine. Battery rickshaw etc. Work on it if you want to. Taxi done. Got a three wheeler. If there is a tractor etc., then you must take advantage of this loan, it is second. This is your community. Social and personal service activities like if you want to open a beauty parlor.

Some people have a question that sir I have a beauty parlor and here to open a beauty parlor gym boutique tailor’s shop. Have to do dry cleaning work. Motorcycle repairing work. Your photocopy if you have to work. To open a machine shop. If you want to become a courier agent Agra, then you are done taking a loan from Mudra Loan.

Related to food product: – In

this your food products like if you are doing any kind of activity in it. Making papad from late. Pickle making activity. Making papad from late. The pickle making, production, preservation and rural level are doing minor work. Sweet shop is yours or some food stall if you open.

Related to Textile: –

In this your textile activity like handloom has become. The power loomed, etc. Activity took place. If you are doing this type of work or if you are doing traditional embroidery work. Printing work etc. If you are doing designing work. Trade & Shopkeeper.

Related to micro enterprise :-

Want to open micro enterprise and for that you need machine. Like a lathe machine. If you want a state machine etc., then you can take a loan from here. Apart from this, allied services of agriculture are like this. Let’s say you PC as an example. Fish farming poultry live stock got delayed. Been free. Agri Business Center You can get loan in Mudra Loan. Let me talk about how to approach for a loan. What could be the way. See

If you are going to take a loan under any scheme, then you have to go to a professional way, you will have to prepare in terms of documents. You must carry a detailed project report. Bank does not give loan without project report. For this you need a detailed project report.  It takes a lot of time to prepare a detail project report.

FAQ(MUDRA LOAN)

There are three types of government loans. The first is Shishu Loan. Second Kishore Loan. Third Tarun Loan.
Yes, women get Mudra loan easily than men.
1: Mudra loan is free without security or collateral. 2:- No processing fee is levied on Shishu loan that is merged under Mudra loan. 3: -Only 0.50% processing fee is charged on Kishore loan and Tarun loan which is merged under Mudra loan, which is a lot of work. 4:- Mudra loan is available for 3 years which can be increased to 5 years.
1: - By Public Banks (PSUs). 2:- By private or private bank. 3:-By Regional Rural Banks. 4: - By Co-Operative Banks. 5: - By microfinance institutions (Micro Finance co.). 6:-By Non-Banking Financial Institutions (NBFC's).
In Mudra loan, loan is available from Rs 50000 to Rs 1000000.
Shishu loan in which loan up to Rs 50000/- can be taken.
In Kishor loan, he takes loan from Rs 50000/- to Rs 500000/-.
In Tarun Loan, you can take a loan between Rs 500000/- to Rs 1000000/-.

Some Important article link, Read also

 

Goods and Service Tax

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What is GST? Goods and Service Tax

What is Input GST*Goods and Service Tax)? What is Output GST? What are the four types of CGST SGST IGST UTGST ? What are the slabs of GST?

GST says that one country should be one tax but it is incomplete truth that the government has only one source of money, that is tax. The purchase of a thing is on sale. Indirect tax was also of many types, custom duty was there, if someone asked for goods from abroad, excise duty, service tax, sale tax, this indirect tax, which is here, these 17 taxes were merged back and which was indirect tax, indirect tax was abolished. GST was brought at this place.

GST(Goods and Service Tax) will also be an indirect tax, so tell me if it is one nation one tax, then only indirect tax was changed to GST. There is no change in direct tax, even today you have to pay direct tax, there is corporation tax of the central government, the corporation’s tax is very high, so there is no change in direct tax. There is indirect tax, which is GST, and you have to pay it on purchase and sale, now let’s talk about who has to pay GST, then only three people will have to pay it, understand carefully whose annual turnover transaction 20,00,000 .

After that one more thing happens online if you will be even ₹10 then you will get GST like if you order any goods from Flipkart then GST will be charged on it.

This 20,00,000 , these hilly areas like Arunachal Pradesh etc. 20,00,000 will be a big shop, then the population is less in that hilly area, there by some hilly area its category is 10,00,000 kept Has been.

Goods and Service Tax
Goods and Service Tax

There are four types of GST(Goods and Service Tax) :-

What does CGST stand for? – CGST stands for Central GST

What does SGST stand for? :- SGST stands for State GST

What does UGST stand for? :- UT stands for Union Territory

What does IGST stand for? :- Integrated GST, IGST means as if goods would be sold from one state to another But IGST will be levied.

If you are doing any business in same state then you have to pay CGST and State GST/UT GST. If you sell goods from one state to another, then IGST will be levied.

 For example, if you buy any item, it 18% GST(Goods and Service Tax).this SGST 9% and CGST is 9% i.e. both add 18 . This is the same rule in every state.

But the state which is with the Union Territory like Jammu Kashmir Ladakh, Pondicherry, Delhi, what is Delhi is not a state, then you just don’t have to do anything, instead of the state, you have to write Union Territory, now Delhi is what it is, it is inside the Central Government. If you are selling goods in Delhi, then you will come under the Central Government, then what will Delhi take from you? Here UTGST will be applicable.

If the goods were moved from one state to another, then it is called IGST i.e. Integrated GST, Integrated GST will be applicable only when your goods will go from one state to another, if any goods are being made in Rajasthan and they have come to sell you. Uttar Pradesh. In this condition, there will be IGST charge which will go to the central government which will then be given to the central UP government. Because the goods are being sold in UP. That is why IGH is also called Destination GST)(Goods and Service Tax because it seems to be where the person buys the goods. What was, see Rajasthan got the benefit that the people there got the goods made there, and the people of UP got the benefit that the goods came to be sold here Ultimate, so it got the tax.

Read this article in Hindi

Advantage of GST(Goods and Service Tax):-

You first understand the old way, what used to happen is that every state which used to take tax on its own, UP used to take 12% service tax then Bihar used to take 14% now you tell if there is 12% tax in UP on any goods then on the same goods If there is 14% in Bihar then goods will become expensive in Bihar, so the people of Bihar used to go to UP to buy goods from the neighboring district which was adjacent to UP.

What used to happen earlier, where the goods were made, the same state used to get the tax only. Like the Gujarat government was smart. In this, the Gujarat government said that brother, we will take the least tax, whichever company will come here to make goods. Earlier, Sara used to make all the goods in Gujarat, then gave excise duty to the Central Government and used to give it to Gujarat. The whole of India used to sell goods made from Gujarat. The rest of the state used to keep watching silently, it has come from Gujarat, we will not get any tax now. That is why in the earlier times the factories ran to Gujarat Maharashtra. The Gujarat Maharashtra government had a lot of money, they gave their tax work which they had done.

With the introduction of GST(Goods and Service Tax), tax is equal everywhere, so why will we sell in Assam by making it in Gujarat. Our transportation cost will be covered. Now we set up a small factory in Gujarat which will cover this area. And also in Assam, we will develop this area. 

Take the goods of the same brand anywhere in the whole of India, you will get it at the same price. If there is a car like a luxury car is 28% tax, you take it in Delhi or Kanyakumari Kashmir anywhere, the price will be the same. Because GST(Goods and Service Tax) has come.

Now petrol has not come under the purview of GST(Goods and Service Tax), if you take petrol in Delhi, it will be different, if you get Gujarat, then it will be separated, alcohol will not come under GST, the rate of liquor in Delhi is different, the rate of liquor in UP is different.

What is Input GST and Output GST?

Like out GST and Input GST, suppose we are a shopkeeper, we bring some goods after buying ₹100 , then there 10% GST on it, then how much will we have to do that goods ₹110 Here how much we have given as GST ₹10 given here. Now if we sell the same goods to other, then we should also make profit in it. We will think that we ourselves 110 , we do this work, we will sell it for ₹150 , whoever buys from us will then give us GST.on this, 10% then 150 , 10% we got ₹165 now you tell ₹10 we have given GST here from our pocket and the person who has bought from us has also given 10% i.e. ₹15 GST herea 150 of 10% then GST is ₹15, .So then ₹15 will also have to be given to the government. Nothing like this, we gave ₹10 earlier, now which is ₹15 GST, we will not give ₹15 because we have given ₹10 GST ₹15 ₹10 will deduct5  , like this Out of GST ours is ₹10 and in-GST(Goods and Service Tax) is ₹5 . Now we combined both GST10 and ₹5 → ₹ 15 gave

So if someone steals GST(Goods and Service Tax) then he will 5 be jailed

When the President signed the GST(Goods and Service Tax) bill, on 8 September 2016 , in it . the President signed it on 8 September 2016 because the interest of the states was also kept

Therefore, there is a constitution that what the national states will also consent to in this, in which state was given consent first, then Assam first and later Jammu and Kashmir has been implemented, everyone knows. 1st July 2017 This our GST)(Goods and Service Tax has been implemented in the whole country from GST comprises five basic rates: 0 percent, 5 percent, 12 percent, 18 percent and 28 percent.

GST(FAQ)

8 September 2016 the President signed the GST Bill.
Assam became the first state to implement GST.
Jammu and Kashmir
This our GST has been implemented in the whole country from 1st July 2017.
The 101st Constitutional Amendment has been made to pass the GST Bill.
33
Canada
GST consists of five basic rates: 0 percent, 5 percent, 12 percent, 18 percent and 28 percent.

Some Important article link, Read also

CIBIL SCORE

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What do you know about CIBIL SCORE?

CIBIL SCORE
CIBIL SCORE

Earlier, when banks used to give us loans, they used to maintain all the records of the customer manually, then the bank or finance companies did not have any record about the customer of another bank, if a customer did fraud then the other bank or Finance companies were not fully aware of this.

Due to which the default customer also got the loan easily. Later, when it was realized that such an institution should be created which has all the information about the customer’s credit information and when the bank or finance company gives loan to the customer, then before giving the loan, all the credit information of the customer should be known to him and he On the basis of that, decide whether to give loan to the customer or not. 

Now suppose a customer wants to take a loan, then the bank checks all the records about that customer with the cibil, so that it comes to know that the loan will be right or it will be risky. If the bank or NBFC comes to know about the payment history of the customer correctly, then it can give loan easily. CIBIL , all the records about the customer come from where the customer has taken and how much loan has been taken, customer is giving loan or not, late. All these records can be traced by CIBIL.

Now any bank gives loan, then all the information of the customer’s loan CIBIL from time to time, which CIBIL .the bank will give you a loan or not, it all depends on your CIBIL SCORE.

What is CIBIL SCORE?

We can say that CIBIL report is a type of credit information about any customer, which the history of all loans, credit cards , overdraft facilities and repayment of all these debts taken by the customer is recorded.  CIBIL generates a score based on all these credit information, which we say CIBIL SCORE , it is 3 digits which starts 300 from 900 .

CIBIL A It is a credit bureau or credit rating agency that maintains records of credit related activities of companies with people. These include credit cards, loans, over drafts, cash credits.

The bank will give loan to the customer whose CIBIL score is higher. unsecured loan The minimum CIBIL score 760 for bank and 700 for finance company should be Similarly, for a secured loan, the bank CIBIL score is 700 and the finance company needs 650 .

CIBIL SCORE Calculation Process:-

  1.   Payment History: – If a customer has a good payment history and EMI  on time, then the CIBIL score will be good.
  2.   Frequently applying for loan (CIBIL enquiry):- If someone repeatedly applies for loan to the bank or finance company, then his CIBIL score decreases.
  3.   Credit Mix Loan:- If you have both secured and unsecured loan, then this has a positive impact on CIBIL score. 
  4.   High Credit Utilization:- High credit utilization has a negative impact on the credit score. 

How to improve CIBIL score ?

  1.     your EMI Pay , don’t delay in making the payment.
  2.     Avoid excessive use of credit cards.
  3.     Strike a balance between secured loans like home and auto loans and unsecured loans like personal and credit cards. Too many unsecured loans are not considered good. 
  4.     Cut your expenses so that there is no need for loans and credit cards. 

History of CIBIL :-

2000TransUnion CIBIL Limited (earlier Credit Information Bureau (India) Limited) was established on the basis of the recommendations of RBI Siddiqui Committee.
2004Credit bureau services were launched in India (Consumer Bureau).
2006Commercial Bureau Operations commenced.
2007India’s first generic risk scoring model for banks and financial institutions, Introduced CIBIL Score
2010The following are two new initiatives for the credit industry in India ,

CIBIL Detect: India’s First Repository for Information on High Risk Activity ,

CIBIL Mortgage Check: First Centralized Database on Mortgages in India.

2011CIBIL TransUnion Score made available to individual customers ,
2016TransUnion acquires 82% stake in CIBIL and becomes TransUnion CIBIL, India’s leading credit information company ,

Credit Information Bureau (India) Limited

 

Check free CIBIL SCORE

FAQ(CIBIL)

Accordion SamplWe can say that CIBIL report is a type of credit information about any customer. In which the history of all loans, credit cards, overdraft facilities and repayment of all these debts taken by the customer is recorded. CIBIL generates a score based on all these credit information, which we call CIBIL SCORE, it is of 3 digits which starts from 300 and goes up to 900.
1. Payment History: - If a customer has a good payment history and pays EMI on time, then the CIBIL score will be good. 2. Repeated application of loan (CIBIL enquiry):- If someone repeatedly applies for loan to the bank or finance company, then his CIBIL score decreases. 3. Credit Mix Loan:- If you have both secured and unsecured loan, then it has a positive effect on CIBIL score. 4. High Credit Utilization:- High Credit Utilization: Negatively affects the credit score.
1. Pay your EMI on time, don't delay in making the payment. 2. Avoid excessive use of credit cards. 3. Strike a balance between secured loans like home and auto loans and unsecured loans like personal and credit cards. Too many unsecured loans are not considered good. 4. Cut down on your expenses so that there is no need for loans and credit cards.
CIBIL SCORE-Credit Information Bureau (India) Limited

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