Credit Score Vs Credit Rating: What’s The Difference?
According to the TransUnion CIBIL study, the number of credit-served clients increased from 91 million in 2017 to 179 million in 2021, indicating a jump in credit availability from 12%…
How The Grameen Foundation and ONDC is Empowering Women?
Grameen Foundation for Social Impact has joined together with Open Network for Digital Commerce to help drive socioeconomic progress and make sure everyone can use digital tools. This partnership will…
What is Credit Default Swap? How is it Important For SMEs?
Small and medium-sized enterprises (SMEs) run the Indian economy. Their impact on GDP is substantial, and employment creation is significant. However, obtaining financing might be difficult for these businesses as…
What is the UTR Number? Meaning, Significance, and Tracking
In today’s world of digitalization, everything is possible online, including secure and traceable financing transactions. In the year 2023 alone, the digital transactions volume in India was recorded at an…
What is a Loan Closure Letter? How to Write it?
A loan closure letter is a formal documentation sent to the loan borrower by the lender. It implies that the account is closed and the borrower owes no more debt. …
What is Underwriting? Definition, Types, & How it works?
All financial institutions undergo a crucial process called underwriting before granting loans, mortgages, or funding. Underwriting entails determining a project’s or client’s loan eligibility and financial stability. This blog post…
What Is ICEGATE? How Does It Benefit Business Owners?
It is possible to do a lot of business online through the ICEGATE. The Full form of ICEGATE is Indian Customs Electronic Gateway. It helps for clear communication between traders…
Budgetary Control – Types, Process, Principals & Benefits
Budgetary control is one of the most important aspects of running a successful business in 2025-26. By creating and tracking budgets, business owners get useful insight into expenses, profits, and…
GST Express Software – Key Features & Benefits For MSMEs
The Goods and Services tax, popularly known as GST, has transformed the Indian taxation system. It greatly benefits the MSME sector. The number of new MSME registrations in India increased…
What Is A Loan Sanction Letter?
Loan providers send “loan sanction letters” to their clients that are important to show that they have approved the loan application. This letter spells out the terms and conditions of…