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Lowest NAV mutual fund means it is CHEAPER ?
No necessarily. One tradition propagates that a fund with low NAV is cheaper. One can earn higher return if one buys a good mutual fund at undervalued NAV. Practically, the NAV is totally irrelevant and should not even be considered … Continue reading
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“ Build to adapt” the way ahead.
“Build to last” “ Build to adapt” the way ahead. Have you ever heard of Choluteca Bridge? I hadn’t heard of the bridge until recently. It’s a 484 metre long bridge over a Choluteca river in Honduras in Central America. … Continue reading
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TCS on Foreign Remittance through LRS for money sent abroad
What is LRS LRS stands for Liberalized Remittance Scheme, by which Reserve Bank of India has allowed resident individuals to remit up to $250,000 per financial year to pay expenses related to travelling, medical treatment, studying, gifts and donations, … Continue reading
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PSB LOANS 59 MINUTES
Background of the scheme In a bid to boost credit availability to Micro, Small and Medium Enterprises (MSMEs), Finance Minister Arun Jaitley has launched a web portal through which one can avail loans up to Rs 1 crore in just … Continue reading
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MUKHYA MANTRI YUVA UDHYAMI YOJNA
Background of the scheme The Government of India announces various schemes to encourage self-employment, which is a thriving factor for India’s economy. Objective of the scheme The State Government of Madhya Pradesh introduced MukhyamantriYuvaUdyami Yojana on August 1, 2014 with … Continue reading
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CREDIT GUARANTEE TRUST FUND SCHEME (CGTMSE SCHEME)
Background of the scheme The major problem faced by the MSEs is non-availability of timely and adequate credit at reasonable interest rate which is most important to start and running successfully a business venture. One of the major causes for … Continue reading
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FINANCIAL ASSISTANCE TO EXISTING PMEGP/MUDRA UNITS
Background of the scheme Considering the success of the PMEGP scheme, and as requested by the entrepreneurs/unitholders and also as recommended by Management Development Institute (MDI), Gurgaon, in its Evaluation Study Report, the Government approved continuation of PMEGP beyond 12th … Continue reading
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INTEREST SUBVENTION SCHEME FOR MSME 2018
Background of the scheme The Micro, Small and Medium Enterprises (MSME) sector is a significant contributor towards building up of a strong and stable national economy. Hon’ble Prime Minister while launching outreach initiative for MSME sector on the November 2018 … Continue reading
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MP MSME INVESTMENT SCHEME 2017
Objective of the scheme To provide various assistance to Micro, Small and Medium enterprises engaged in Madhya Pradesh. Administration of scheme M.P. MSME Investment scheme 2017 is administered by the Ministry of Micro, Small and Medium Enterprises, Government of India. … Continue reading
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Big Initiative by government for MSMEs : Now loans up to Rs 1 crore just 59 minutes
In a bid to boost credit availability to Micro, Small and Medium Enterprises (MSMEs), Finance Minister Arun Jaitley has launched a web portal through which one can avail loans up to Rs 1 crore in just 59 minutes. The portal … Continue reading
Posted in bmjainco.in
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