Small businesses in India are the backbone of our economy, contributing to job creation and economic growth. Accounting for 45 % of industrial production and 40% of total exports, micro and small enterprises (MSEs) contribute a third to the national GDP.
Get easy, fast, and collateral free business loans with MyMoney. Enjoy low-interest rates and much more.
Cash flow is the lifeblood of any business, whether big or small. It refers to the amount of money coming in and going out of a business and is a critical factor in determining a business’s financial health. In simple terms, business cash flow is the net amount of cash a business has available for …
In India, micro and small businesses play a crucial role in driving economic growth and development. These businesses are often run by entrepreneurs who have limited resources and face various challenges. One of the essential requirements for these businesses is to have a current account in a bank. A current account is a type of …
Why is a current account important for your business? Read More »
At the moment, India is an emerging market in the world, with millions of small and medium-sized businesses. Besides contributing to India’s GDP growth, these small and medium enterprises provide major employment opportunities for a large proportion of its population. It is very common for small businesses to lack capital during their initial stages, and …
What is CIBIL score and why is it important for business loans? Read More »
In the last five decades, the MSME sector has emerged as the fastest-growing sector of the Indian economy. The sector contributes significantly to India’s overall economic and social development. It promotes entrepreneurship and generates huge employment opportunities at low capital cost after agriculture. The MSME sector also helps large industries and plays a vital role …
MyMoney: One app to manage all the banking needs of MSMEs Read More »
