The Reserve Bank of India (RBI) has made an important clarification that could make it easier for small businesses to get loans. Banks can now accept gold and silver as collateral for loans up to Rs 20 lakh — but only if the borrower offers it voluntarily. This does not violate the existing rule that … Read more
The Bihar government is taking fresh steps to promote self-employment across the state. As part of this effort, special loan camps will be organised in all districts from February 6 to March 12. These camps aim to provide instant approval of business loans under major central government schemes. The initiative is being led by the … Read more
The Chief Minister’s Youth Self-Employment Scheme launched by the Rajasthan government is receiving an enthusiastic response. Within just 10 days of opening applications, more than 5,000 youth have applied. The scheme aims to support one lakh young people in the state by helping them start their own businesses. Interest-Free Loans Up to ₹10 Lakh for … Read more
In a major boost for small businesses, the Delhi government has announced collateral-free loans of up to ₹10 crore for city-based entrepreneurs. This initiative aims to support micro, small, and medium enterprises (MSMEs), including manufacturing, services, and retail sectors. Chief Minister Rekha Gupta, along with Industries Minister Manjinder Singh Sirsa, signed an MoU with the … Read more
If you’ve been thinking of starting your own business, the Rajasthan government has launched a great opportunity. The Chief Minister’s Youth Self-Employment Scheme (MYSY) aims to empower young people to become self-reliant. Applications for the scheme are now open, just 10 days after its launch on January 12. Youth can apply online using their SSO … Read more
The Uttar Pradesh government has launched a special initiative to support young entrepreneurs called the Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA) scheme. Union Home Minister Amit Shah recently highlighted this scheme during Uttar Pradesh Day celebrations, explaining how it empowers youth to start their own businesses. Under this scheme, 100,000 youth every year can get … Read more
UPI, India’s most popular digital payment system, is set to become even more powerful. A new change being discussed between NPCI and banks could allow UPI credit lines to offer an interest-free period, just like credit cards. This move can make small, short-term loans easier and more affordable for everyday users. How the New UPI … Read more
If you’ve been dreaming of starting your own small business but couldn’t because of financial problems, the government is here to help. The PM SVANidhi Yojana, launched by the Modi government during the COVID-19 pandemic, provides financial support to street vendors and small entrepreneurs. Under this scheme, you can get loans up to ₹90,000 to … Read more
Buying a home in cities like Delhi or Mumbai often requires a home loan. Thanks to the Reserve Bank of India (RBI) cutting the repo rate by 1.25% last year, interest rates on home loans have dropped significantly. Government banks now offer home loans at rates as low as 7.10%, making it easier for first-time … Read more
Freelancing, consulting, designing, and content creation are no longer just side hustles—they’re full-time careers for many. But a common question arises: how can freelancers get a personal loan without a traditional salary slip? The good news is that banks and NBFCs now look at your overall financial health, not just your employment status, making loans … Read more
To promote self-employment among young people, the Uttar Pradesh government has launched the Mukhyamantri Yuva Udyami Yojana (MYUVA Scheme). Under this scheme, eligible youth can get financial support of up to ₹5 lakh to start a small business. The biggest relief is that the loan comes with zero interest. There is also no requirement for … Read more