New benchmark announced for ECB instead of exemption

MUMBAI: To facilitate smooth transition from LIBOR-linked overseas borrowings to market-related benchmarks, the Reserve Bank of India has allowed the widely accepted Interbank Rate or Alternate Reference Rate (ARR) for external commercial borrowings and trade credit. . Apart from this, it has also increased the limit of all cost borrowing. “From now on, in the … Read more

Here’s How You Can Get PMEGP Government Loan To Expand Your Business

PMEGP (Prime Minister Employment Generation Programme) is a financial scheme that provides financial assistance to MSMEs to expand or stabilize their existing business. This loan is also given to individuals to start a new business. Financial assistance is very helpful when starting your new business or managing your existing business. It is also essential during … Read more