Business Financing Options in India for Women Entrepreneurs

Out of the 58.5 million entrepreneurs in India, around 14% are women as per the Ministry of Statistics and Programme Implementation in their 6^th Economic Census. While 65% of women entrepreneurs work in retail and manufacturing, around 13% are engaged in the agricultural sector.

The number of businesses run by women has seen a considerable rise over the last decade along with an ever increasing growth chart.

Better infrastructure, improved access to education, and growing acceptance of women entrepreneurs are some of the factors contributing to this rise. Another critical factor is the easy availability of financing.

The Government and also various NBFCs provide business loans for women entrepreneurs to help them establish their own firm.

The Indian Government currently offers two types of loans for women:

1. Stand-Up India scheme

The Stand-Up India Scheme enables at least one Scheduled Tribe (ST) or Scheduled Caste (SC) and one woman to avail loans from a centralised financial institution. Borrowers can avail loans between Rs. 10 Lakh and Rs. 1 Crore.

The applicants have to be at least 18 years old to avail this loan. This scheme is only available to those looking to establish a greenfield firm.

The Stand-Up India Scheme provides financing of up to 75% of the project cost. Borrowers can bring in the rest 25% from other State or Central Government scheme. However, they have to contribute at least 10% of the project cost on their own at all times.

2. MUDRA

The Micro Units Development and Refinance Agency Bank (MUDRA) is part of the Pradhan Mantri Mudra Yojana (PMMY) aimed at providing loans up to Rs. 10 Lakh to micro enterprises.

The MUDRA scheme provides three types of products:

• Tarun - Loans between Rs. 5 Lakh and Rs. 10 Lakh.
• Kishor – Loans between Rs. 50,000 and Rs. 5 Lakh.
• Shishu – Loans up to Rs. 50,000.

Lenders are allowed to provide additional features like a lower rate of interest when sanctioning a loan for women entrepreneur under this scheme.

NBFCs also provide business finance. These loans are one of the great sources of funding for women entrepreneurs and have some features that are more beneficial than the above two schemes.

For example:

1. High and collateral-free financing options

Women can avail funds up to Rs. 30 Lakh for utilisation in any business need such as buying new equipment, leasing workspace, to boost business operational finances, etc. Plus, these loans are also collateral-free and require no asset as collateral.

2. Rapid approval

One of the ideal features of a business loan for women entrepreneur is that NBFCs can approve a loan within 24 hours.

3. Pre-approved offers

NBFCs and banks provide pre-approved offers which save time when availing financing by making the process straightforward. Pre-approved offers are available on business loans, personal loans, home loans, and several other financial products and services.

4. Short-term and long-term repayment tenors

Tenors for business loans range from 12 to 96 months giving ample time for prepayment to women.

5. Minimal documents required

Women have to provide only the following documents:

• KYC documents – PAN, Passport, Aadhaar, Voter ID, Driving License, etc.
• Certificates or documents proving the existence of the business.
• Bank account statement of the last month.
• Financial documents.
• Income tax returns of the previous year.

NBFCs may also require documents other than the ones mentioned above.

6. Simplistic eligibility criteria

Financial institutions need women to satisfy the following business loan eligibility criteria:

• Age between 22 and 55 years.
• A business that is at least 3 years old.

Some NBFCs may also require customers to hold a minimum CIBIL score of 750. A high credit score can help women benefit from lower business loan interest rates.

Women can apply for a business loan online within a few minutes. Some NBFCs also provide the option to manage the loan account online.

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How To Choose A Good Skip Bin?

Keeping your home or office clean is less tiresome with the right tools and types of equipment. Have you heard of the skip bin? Yes, the huge metal or plastic bins that could measure up to 3 ft tall. They could make your home/office cleaning efforts easy and efficient.

Here are a few things you need to know to choose a good skip bin for your home/office. You can book a skip bin in advance in order to benefit from same day turnaround delivery and pick up. It helps minimize time on site for skip bins. Now, let’s see what makes a skip bin the right choice.

The Tougher Skip Bin Makes The Deal

It’s practical for a skip bin to be tough and sturdy for easy handling by waste removal trucks. It deals with a wide variety of waste materials ranging from perishable produce to electronic waste. The right material for a skip bin is metal or plastic.

A good skip bin is lined with superior aluminium checker steel plate. It adds to its durability. The bin will handle all types of materials including construction waste and clean fill. You’ll need to choose the right type of skip bin depending on the type of waste removal.

The Right Skip Bin Size For Different Purposes

A good skip bin needs to have high walls. It helps contain waste efficiently without any spillovers or leaks during transportation. Adding to it, it also allows for maximum fill.

A skip bin features high walls at 90 degrees to the base. It provides absolute safety and protection to the waste materials being transported. The bin size varies from 10m³ - 30m³ to suit different purposes. You can hire the skip bin size to meet your needs at the right cost.

Industrial-Grade Bins For Heavy Loads 

Skip bins for special purposes like industrial waste removal need to carry and dispose of heavy loads. Hooklift bins with a rear door are a great value addition to your waste removal drill.  It allows access to the wheelbarrow for loading waste disposal.

Large-scale residential waste removal tasks including home renovations demand specialized skip bins. Likewise, construction sites also need hook lift skip bins for heavy-weight lifting and loading. It helps dispose of construction waste removal with ease.

Compact in size

Compact and comfortable to handle are essential features for a good skip bin. Skip bins are more often taken on mini trucks and need easy access to most hard to access areas in residential and commercial spaces.

A compact skip bin good is easily transported to and from properties at remote locations. They can replace large-sized skip bins as and when needed to do the job right.

A well-designed skip bin comes in different sizes based on your needs. The size, shape and several other factors are taken into account to choose a good skip bin. Professionals like www.newcastleskipbins.com  make waste removal done in a breeze. Did you know? Some professionals can also help organise 28 days Newcastle City Council Permit under their licensing and insurances.

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In many countries it is hard to get water cleaned through proper filtration process

In youthful nations, there's a nonappearance of structure to give consumable water. Moreover, even in our very own homes, faucet water unsafe quality is a genuine worry, as poisonous substances like lead and arsenic have been found coursing through the tap. Its lone one reason that water advocates which trust that change assimilation is the most ideal approach to manage affirmation safe drinking water. Notwithstanding the manner in which that rotate absorption sounds like a science class you might've missed, believe it or not, it's single a sort of filtration process. The Kent service center tollfree number Noida can promptly support you if there is any kind of question with respect to water purifiers. Hence around ingestion, untreated water, similar to saltwater, goes through a semi vulnerable film and carbon channels.

What is the effective way of using water filtration system?

•     The level of the film enables the water to go through the channel, yet deserts salt, synthetics, minerals and dirtying impacts. One may have utilized even switch assimilation in a water channel on an outside trek to guarantee you had safe drinking water. One can in like way present a RO framework in your home or have a turnaround processing channel at home. There are central focuses to drinking water that is experienced the alter assimilation process. On the off chance that you live in an area that is tormented with water issues and concerns, this can be a not that entire terrible route for you to feel safe about the water that you're drinking. On the off chance that pesticide or herbicides are a worry in your general vicinity, sifting your water through a switch retention structure looks great.

•      Presently, at whatever point you require new water, you can essentially flip on your tap and pay pennies on the dollar. In the event that you are raising a family, a water filtration structure will pay for itself in only minutes. Nothing in this world is immaculate. Correspondingly likewise similarly as with all things, there are two or three disadvantages to rotate absorption filtration. While drinking unadulterated, new water shields you from damaging debased water, it in addition shields you from getting full sustenance. There are different improvements present in water that can't encounter the semi vulnerable layer utilized amidst the filtration methodology.

•      The film isn't fit for telling which fixings are remarkable and which are awful. These significant minerals are a key piece of your eating plan. By the by, these minerals and upgrades are speedily accessible in all sustenance's. One should interpret by far an expansive part of them from your sustenance use and not through water at any rate. For the general population who are worried over improvement need, consider taking moves up to guarantee you get legitimate confirmation. The Kent RO service Noida is ideal to help with after establishment water purifier administrations.

What are the various process involved in filtration?

•     The water you use in drinking and cooking additionally picks the flourishing of you and your relatives. The filtration of water is a need regardless of when you get treated water in your home. A piece of the time treated water contains chlorine content, which is what's more harming to your flourishing. In case you require more inspirations to use isolated water, here are most of the great conditions that you gain with this little change in your home. Water purifiers ensure that water is free from the majority of the synthetics and other savage fabricated blends which may spoil nature wherever degree. The filtration of the water ousts all the paltry substance from it. Thusly, the water holds only the strong minerals that your taste buds like. Hence, when you use cleaned water in cooking tea, coffee or some other drink, it overhauls the substance of the refreshment. Kent service center toll free number Noida can support you in the event that one is ever stuck in picking the correct kind of water purifier.

•     A comparable effect is gotten when you cook sustenance with refined water. The chlorine content in the water disturbs the sustenance you cook. Corrupted water changes the shading and the essence of the sustenance. Along these lines, the fixings used, while cooking, don't offer their best inclination for the dish. When you cook your dishes with cleansed and detached water, it gives new statures to your cooking. The sustenance looks and tastes additionally welcoming, which considers everyone. For people who love organizing, unadulterated water is a dimension out need have settling while in the interim warming. The path toward warming circuits yeast. The yeast gives volume and structure to the bread or some other engineered sustenance. In any case, the use of unfiltered water diminishes the effect of yeast.

•    The portions of unfiltered water react with yeast. In this manner, it is essential to use unadulterated water in the process with a complete objective to overhaul the quality. Improves water drinking propensity as drinking persistently water is useful for your prosperity and skin. Regardless, an odd taste can restrict you from drinking the essential whole reliably. The isolated water tastes better, which empowers you to have much progressively every time you drink.

In in this manner, since you know the tremendousness of using isolated water for drinking and cooking. Water purifier is ending up basic nowadays as water is required for each person and it is nearly required different huge purposes so the bigger piece of this makes fundamental to get the perfect water and purifiers help to clean the water which makes it solid. Kent ROservice Noida is there on the off chance that one has any sort of inconvenience of with purifier. Each purifier need an administration after a specific time allotment and that is especially best in the event that one consider productive specialist organizations who give extraordinary kind of administrations in long run.

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5 Reasons Why Funding Your Next Trip Using Travel Finance Is a Great Idea

The holiday season is set to begin in India with most of the people waiting for their kids’ summer vacation to begin. It is the time when you won’t get reserved seats in trains and the airline fares peak due to high demand.

Someone wants to go on a holiday to take a break from their hectic work schedule and come back refreshed. However, the hurdle that they may face is in the form of money. As a result, you can see many people applying for travel loan.

Travel Loans in India are nothing but an extension of the personal loan, which is curated to meet your travel needs in India and abroad. You can use the funds availed under the personal loan for travel to book air tickets, hotels, overseas attractions, and beyond. Anyone who can meet a lender’s travel loan eligibility can apply and get approval for it. Most of the leading names in the finance industry can let you borrow up to Rs.25 lakh to enjoy a full-fledged holiday in your preferred destinations.

If you wish to know some reasons why availing the personal loan for travel is useful, then you should go through this post to know more.

Reasons To Apply For Travel Finance To Fund Your Next Trip

1. A higher loan amount of up to Rs.25 lakh

When reputed banks and NBFCs can offer you up to Rs.25 lakh; why not grab this opportunity with both hands and enjoy your holiday without compromises? It is because you and your family deserve to relax, rejuvenate, and get pampered on a trip regardless of the expenses. You don’t need to worry about the repayments as you can repay over a tenor of 12-60 months. This way, you can ensure that the repayment is easy and non-taxing on your monthly expenses.

2. Instant approvals and super fast disbursals

Once you have decided to go on a vacation, you don’t want the planning to be affected due to the slow loan processing of your lenders. Financial agencies are fully aware of such scenarios, and they offer approval within 5 minutes after you submit the form. After you have the approval for the travel finance, you can get the loan amount to be disbursed into your bank account within 24 hours.

3. The facility of flexi personal loans

When you are on a trip, you may use funds as and when required. Hence, why should you pay the EMI on the credit limit that you have not utilized yet? Yes, you can make the most of the flexi personal loans to pay only the interest as EMI on the utilized money out of your credit limit. The rest of the loan amount gets adjusted after the end of the loan tenor. As a result, you can save up to 45% on the EMI payments on your personal loan for travel. Hence, when you are applying for a travel finance facility, you should ask your prospective lender if they offer a flexi facility on personal loans or not. The flexi loan feature is only available presently with some renowned NBFCs in India.

4. Hassle-free loan eligibility and documents

Lenders don’t want you to spend time meeting the loan formalities in the form of matching the personal loan eligibility Criteria and submitting too many documents. You can spend your time exploring the places online that you are visiting or packing instead of worrying about loan formalities. As a result, the travel loan India facility comes with hassle-free eligibility along with some basic documents. Have a look:

• The applicant needs to be under 23-55 years of age
• He/she should be a residing citizen of India
• You need to be working for an MNC, public or a private limited company
• KYC documents
• Employee ID Card
• Salary slips of the last 2 months
• Previous 3 months’ bank account statements of the salaried account

5. Online loan account management

After you have availed the personal loan for travel and want to access its details from your office, home or anywhere else, it is possible via a lender’s digital customer portal. This way, you can track your entire loan details 24/7 such as EMI paid, upcoming dates for EMI payments, the applicable rate of interest and much more.

If you are looking to spend some quality time with your family and need some funds to arrange the trip, then you can apply for a personal loan for travel right away.

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Take Home the Best Samsung Phones on No Cost EMIs

Samsung phones are well-known for their superior technology, user-friendly interface, ability to cater to all budgets, elegant design and reliable after sales services. These winning qualities make it one of the most trusted brands amongst Indian consumers. Whether you are looking for a phone within a budget or a premium phone that has all the latest features, Samsung phones are your best bet as they offer you variety of options to choose from. In order to make this purchase more affordable on your pocket you can buy Samsung smartphones on EMIs starting from Rs. 1,087 from the Bajaj Finserv EMI Network.

This expansive shopping network consists of more than 60,000 online and offline retailers spread across 1,300+ cities. You can buy the latest Samsung phone on No Cost EMIs with the EMI Network Card. Using this EMI Network Card, you can get instant access to funds up to Rs. 4 lakh to shop, and you have the option to repay it over a flexible tenor ranging from 3 months to 24 months as per your convenience. Shopping is more convenient at the EMI Network as a partner store is sure to be just around the corner or a click away. You can take home any latest Samsung smartphone without making a hefty down payment and you can also enjoy huge discounts and offers on your purchase.

Here’s a look at Samsung phones that you can get on EMIs:

Samsung S9, with EMIs starting at Rs. 3,420

The Samsung S9 is your best bet if you are looking for a smartphone in the premium segment. This phone will allow you to you play unlimited games, surf the internet comfortably and do more just with voice commands.

It has a 5.8-inch full rectangle screen that has a resolution of 2960x1440 pixels and displays even the finest details clearly. The phone has a 12MP rear camera with flash to click pictures with precision even in low light situations. It also features an 8MP front camera that helps you click astonishing selfies. So if you enjoy photography, this phone’s camera setup will help you take your skills to the next level. The camera also has added functions such as slow-mo, easy sharing, instant edits, motion detection and live focus to enhance picture quality.

The Samsung S9 operates on the latest Android operating system in combination with a 1.7GHz Octa-Core processor and 4GB RAM. Together, this configuration helps you switch between applications at lightning fast speed. It has a standard battery of 3000mAh that offers a talk time of up to 22 hours. So you can work on your phone for longer hours without worrying about your battery getting drained.

Samsung J6, with EMIs starting at Rs. 1,091

If you are looking for a more affordable option then the Samsung J6 is just the right choice for you. On its 5.6 inch HD+ display you can see images and videos with utmost clarity and precision and you can capture landscapes and portraits equally adeptly with a 13MP rear camera. The J6 also supports an 8MP front camera to click crisp and vibrant selfies. The phone comes in 2 variants: one which has a 3GB RAM and 32GB internal storage and another that has a 4GB RAM and 64GB internal storage. This phone runs on the latest Android operating system and is embedded with an Exynos 7 series processor for faster speed and a seamless user experience. To keep you company all day long this phone is powered by a 3,000mAh battery.

Now that you know about the top Samsung smartphones that are available on EMI, read on to know how you can easily finance your Samsung mobile through the Bajaj Finserv EMI Network:

How to grab the best EMI offers on Samsung phones

The EMI Network allows you to shop for everything from durable goods to electronics and apparel on EMI. So, whether you are purchasing new clothes, smartphone, laptop or a washing machine, you can convert the purchase price into EMIs that don’t exceed the purchase price.

You can make the payment with an EMI Network Card when you shop on the Network. The EMI Card is a payment instrument that you can use online or offline as per your convenience. You can access its digital version from the Bajaj Finserv Wallet as well. To grab the best EMI offers online you can visit partner stores such as Paytm Mall, Flipkart, Amazon or Samsung or you can locate the nearest offline partner store.

Here is how you can shop using the EMI Network Card

You just have to visit the partner store or website. If you’re shopping in person use your card to pay at the counter. If you’re shopping online, enter your card details, choose an appropriate tenor and check out. When you shop online at the Bajaj Finserv EMI Store you will get delivery of your product within 24 hours.

Here is how you can shop when you don’t have the EMI Network Card

If you are not an existing EMI Network Card holder, you can apply for it online by filling a short form. Or, you can visit a partner store and apply in person. You will receive an SMS containing your pre-approved loan amount and you can show this at the cash counter to complete the transaction.

You can select from the above-mentioned phones or you can choose to purchase other Samsung models such as the Samsung S9 Plus, Samsung S8 Plus, Samsung Note 8 or Samsung A7. Once you have decided, select an EMI Network partner to shop using your EMI Network Card. However, before you get started check your pre-approved offer from Bajaj Finserv to know the loan amount awaiting you. By entering your name and mobile number you can make applying for and availing finance extremely easy.

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6 Points To Keep In Mind Before Getting A Loan Against Property

Loans against property are an ideal financing solution when you are looking for a substantial amount of funds. The tenors are also long which makes repayments hassle-free. Along with that, the low interest rates also make the EMIs affordable.

To elaborate on what is a loan against property, it is a type of secured loan provided against collateral like a residential or commercial property. This collateral remains mortgaged with the lender until you have repaid the loan in full.

Lenders approve and sanction these loans quickly thanks to minimal terms and conditions you have to abide by.

Some of the points you need to keep in mind when applying for a loan against property:

1. The Amount You Avail Depends On The Property Value

Lenders will determine the loan amount you are eligible for based on the market value of your house. Now, financial institutions only provide a discounted amount of your property price as the loan.

As per the RBI, you can avail up to 90% of your property value provided the loan is under Rs. 30 Lakh. This ratio between the market value of your house and the loan amount is known as loan to value or LTV.

Usually, lenders will charge a high interest rate when the LTV increases as it makes the loan riskier and vice versa.

2. The Repayment Tenor Can Stretch Two Decades

Loans against property have repayment tenors that can go up to 20 years to accommodate the large amount.

Longer tenors also make the EMIs cheaper. However, it will increase the total payable interest.

For example, say you have a loan of Rs. 20 Lakh with 11% rate of interest. The EMIs and total interest payable for a 10-year tenor is Rs. 27,550 and Rs. 13 Lakh respectively. These will become Rs. 22,732 and Rs. 20 Lakh if the tenor becomes 15 years.

3. You Have To Provide Several Documents

The mandatory documents required for loan against property are –

• KYC documents (Aadhaar, PAN, etc.)
• Address proof (latest electricity bill, any KYC with the permanent address, etc.)
• Bank account statements of the previous 3 months
• Documents of the property to be mortgaged

Salaried individuals have to provide latest salary slips and income tax returns in addition to the above documents.

4. You Can Use The Loan For Any Purpose

Loans against property are similar to personal loans as both have zero end-use restrictions. You can utilise the funds for any purpose.

NBFCs like Bajaj Finserv provide Loans Against Property up to Rs. 3.5 Crore which can help you address numerous financial gaps.

5. There Are Two Types Of Rate Of Interest

You can choose between a fixed or floating interest rate when applying for a loan against property. While fixed interest rates remain stable throughout the loan repayment, floating rate of interest fluctuates depending on market conditions.

6. You Have To Pay Various Charges With The Loan

Some of the charges you have to pay:

• Processing Fees – Charged to cover property checks, credit checks, etc. Deducted from the loan amount before disbursal.
• Penal interest – Charged when you fail to pay EMIs.
• EMI bounce Charges – Levied when your cheque for EMI becomes dishonoured.
• Statement Charges – Charged when lenders send a hard copy of your loan statement to your home.
• Foreclosure Charges – Levied when you foreclose the loan before the tenor ends.
• Part pre-payment Charges – Levied when you part pre-pay a portion of your loan.

Do note that you don’t have to pay foreclosure and part pre-payment charges if you opt for floating interest rates.

Make sure you know the things to avoid when you avail a loan against property. Now that you know what is a loan against property is, compare the interest rates and pick the right lender.

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5 Ways Customisation Could Benefit Your Business

Modern businesses are now following the concept of mass customisation for standing out of the crowd. Many brands have already gained a huge success with the implementation of this concept.

You can now create a unique identity of your brand if you inculcate this amazing concept in your business. Many brands order custom embroidered patches for representing their brands in the public in a very unique way.

5 best ways of introducing customisation into business:

Customisation has brought a huge change in the marketing field. Customers always love to receive absolutely customised experience from popular brands in the market. Therefore, some of the best customisations mean that are used for convincing targeted communities are as follows:

✔      Business cards: They can represent your business in a perfect way and you definitely cannot deny this fact. Not only your customers but your clients will also come to know about your brand and its associated services from your business card. Now, entrepreneurs are making more efforts in improving the overall appeal of their cards. Waterproof business cards with an amazing kind of logo design can definitely create an impressive feel.

✔      Custom made patches: High-quality fabrics are now getting used for preparing tailored patches. Decorative embroideries are added for representing these patches in a unique style. Now, it has become quite easier to order custom embroidered patches in bulk for meeting the requirements of your business. Choose the right provider that can offer you the best quality patches in bulk at a great price.

✔      Effective feedback system: You should always be in close touch with your customers and this can be done by means of introducing an improved feedback system. Here, you will be able to maintain transparent communication with your targeted communities. Multiple comments or feedback can be received that can help you to improve your brand in a better way. In fact, you can easily plan your future launches on the basis of received feedback.

✔      Unique logo: Your Company’s logo is your brand identity and it plays a great role in marketing these days. People can easily distinguish your brand from others with the help of this logo. Your business and marketing goals will get easily fulfilled if you maintain an exclusively designed logo for your business.

✔      Attractive product proposals: You can now send absolutely customised emails revealing detailed info about your brand and products. Offering free samples can also be very much effective especially for new launches. These email proposals about products are customised only on the basis of the market surveys. 

Customisation is the current trend of the corporate world. It can even help you capture the global market. You can now order custom embroidered patches both for your corporate clients and customers.

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