The Credit Guarantee Funds Trust for Micro and Small Enterprises (CGTMSE) is a trust created by the Government of India that helps businesses access collateral-free loans. The scheme provides credit guarantees to financial institutions that offer loans, which used to be up to Rs. 2 crores but has now been increased to Rs. 5 crores. 👉 Eligible Activities: ● Manufacturing and services, including retail trade, are allowed. ● However, educational and training institutions, self-help groups (SHGs), and agriculture-related activities cannot apply. 👉 Loan Amount: ● Micro and small enterprises (MSEs) can obtain loans up to Rs. 5 Crore. ● Regional rural banks (RRBs) and select financial institutions can offer loans up to Rs. 50 lakh. 👉 Guarantee Coverage: ● Loan coverage ranges from 75% to 85%, but for retail activities, it’s 50%. 👉 Eligible Member Lending Institutions: ● More than 100 types of institutions, including public sector banks (PSUs), non-banking financial companies (NBFCs), RRBs, private banks, small urban cooperative banks (SUCBs), financial institutions (FIs), small finance banks (SFBs), and foreign banks. 👉 Annual Guarantee Fee for Amounts up to 1 Crore: ● The fee has been revised from 2% to as low as 0.37%. #loan #business #collateral #education #sme #govt #government #bank #loans #easyloan #getmoney #earnmoney #businessman #businesswoman #reelkarofeelkaro #explore #prettymuchfinance
Unlock 50% OFF on Samsung Products! Watch the video and save big! #sale #discount #off #savemoney #sales #discounts #hacks #moneyhacks #earnmoney #save #prettymuchfinance #specialoffer #offer #reelkarofeelkaro
Ram Ram Bhai Sareya Ne!! Ek baat batao, Jab ghar lena ek basic need hai toh ghar ka loan lena basic kyu nahi? Ab wo bhi Basic hai, Thanks to @basicloans Experience the convenience of a fully digital loan application process with step-by-step tracking. Say goodbye to piles of paperwork and long waits. They streamline the process for you. Their dedicated team of agents brings the loan offers as per your profile from multiple banks and guides you through the entire process . The best part is their is No Fee involved & the loan disbursal happens within 76 working hours from loan application.** visit the www.basichomeloan.com to apply now. #BasicHaiTohSimpleHai #GharKaLoanAbBasicHai #loan #homeloan #loans #bankloan #bank #interestrates #lowinterest #home #homeinspiration #reelkarofeelkaro
A Game-Changing Wedding Law in India! Do we have to say goodbye to extravagant weddings as India considers new regulations to promote sustainability and save hard-earned money. Watch the video for details and join the conversation in the comments! #wedding #bigfatindianwedding #weddinginspiration #food #wastage #saving #investing #earnmoney #savemoney #weddingphotography #weddingdress #weddingguest #guest #prettymuchfinance #reelkarofeelkaro
“Big Sale” Scam 📢📢 Big sales from Amazon and Flipkart might catch our attention, but many a times when we order products at discounted prices, companies cancel these orders. It could happen to you in the future as well. So, what should you do in this situation? Watch this video to find out! #sale #salesalesale #artforsale #scam #scamalert #alert #education #awareness #salem #sales #bigsale #beaware #rights #right
Unlock the secret to saving Rs 33 lakh in interest on your Rs 50-lakh home loan with the latest RBI rules. Watch the video to know more! #homeloan #loan #loans #personalloan #homeloans #easyloan #interestrates #bankloan #lowinterest #bank #banks #savemoney #earnmoney #prettymuchfinance #reelkarofeelkaro
SIP and SWP are two different strategies used in mutual fund investing. While both of these investment approaches have their merits, they offer unique advantages. It’s important to determine which method suits your needs best. 👉 SIP (Systematic Investment Plan): SIP involves regularly investing a fixed amount of money at predetermined intervals (e.g., monthly or quarterly) into a mutual fund. It allows investors to benefit from rupee cost averaging, buying more units when prices are low and fewer when prices are high. 👉 SWP (Systematic Withdrawal Plan): SWP involves periodically withdrawing a predetermined sum or a specific percentage from your mutual fund investment. Its main objective is to provide a regular income while allowing the remaining investment to stay invested and potentially continue to grow. 👉 An illustration: Suppose you initiate an SWP of ₹30 lakhs. You select a monthly withdrawal amount of ₹15,000, opt for a time frame of 20 years, and assume an average interest rate of 12%. This means that for the next two decades, you’ll receive ₹15,000 like clockwork every month. In total, your withdrawals will amount to 36 lakhs, and the final value of your money will be ₹1.5 Crore. Disclaimer- The information provided on our platform is intended only for simplification and education purposes, and should not be considered as an investment advice. #finance #financetips #investment #investingtips #education #financialfreedom #financialliteracy #reelsindia #reelkarofeelkaro #explore
The central government has introduced a wonderful scheme called ‘Mera Bill, Mera Adhikar.’ Under this scheme, the government will select 800 people every month through a lucky draw, who will receive a prize of ₹10,000. Additionally, 10 people will be chosen to win a prize of ₹10 lakh, and every quarter, 2 exceptionally lucky individuals will be selected to receive a bumper prize of ₹1 crore. 👉 How to participate: * Visit the website web.merabill.gst.gov.in or log in via the ‘Mera Bill Mera Adhikar’ app. * Enter your mobile number. * Provide the requested basic details, such as name, mobile number, and state, and check the ‘accept terms and conditions’ box. * Upload your GST bill (every month). * Ensure the GST bill you upload is at least ₹200. * Note that an individual can upload only 25 GST bills per month. * The invoice uploaded on the app should include the seller’s GSTIN, invoice number, amount paid, and tax amount. 👉 Eligibility: All invoices issued by Goods and Services Tax (GST) registered suppliers to consumers are eligible for the ‘Mera Bill Mera Adhikar’ scheme. The scheme is currently launched in the states of Assam, Gujarat, and Haryana, as well as in the Union Territories of Puducherry, Daman & Diu, and Dadra & Nagar Haveli. The scheme’s purpose is to encourage customers to request GST bills for all their purchases. With an increase in the generation of GST bills, tax evasion will be curtailed, and the government’s revenue will also grow. So, take advantage of this scheme, as you never know, you might be the lucky winner of ₹1 crore! [govt scheme, government, win, 1crore, crore, win money, money, reel, finance, personal finance, scheme, earn money]
Bank lockers are safe spots for your important stuff like papers, jewellery, and more. People have trusted them for ages. Banks charge you each year to use these lockers, and the cost depends on the locker size – small, medium, large, or extra-large. But wait, there’s a twist! Banks don’t cover your valuable things with insurance. If, something bad happens like theft, fire, or fraud, the bank’s only on the hook for paying you back up to 100 times what you paid for the locker each year. So, if the things you’re keeping in there are worth more than 100 times that locker rent, it might not be as secure as you think. Something to keep in mind when you’re stashing your valuables away. #gold #goldjewellery #jewellery #bank #banking #locker #safe #banker #earnmoney #savemoney #valuable #goldjewelry #jewelry #lockers
👉Sovereign Gold Bonds (SGBs) are government-backed financial instruments that enable individuals to invest in gold without purchasing physical gold. 👉The latest Sovereign Gold Bond (SGB) tranche opened for subscription on September 11, and it will close on September 15, 2023. 👉The price of the gold bonds has been set at Rs 5,923 per gram. It will be Rs 50 less per gram for investors who subscribe online and pay through digital mode. 👉SGBs offer a fixed annual interest rate of 2.5%, paid out semi-annually in the months of June and December. 👉SGBs come with an eight-year maturity period, and early redemption is possible starting from the fifth year. 👉The minimum permissible investment is one gram. The maximum investment for individual investors and Hindu Undivided Families is 4 kg. 👉SGBs will be available for purchase through various channels, including banks, the Stock Holding Corporation of India Ltd (SHCIL), designated post offices, and recognized stock exchanges, namely the National Stock Exchange and the Bombay Stock Exchange. #gold #goldjewellery #investment #investing #finance #financetips #financialfreedom #financialliteracy #financialeducation #reels #explore
Now, you can make UPI payments even if your account is empty. This feature is known as ‘UPI Now, Pay Later.’ It enables you to link your UPI account with a credit line provided by banks, simplifying UPI transactions. 👉 How It Works: Initially, the bank will request your permission to establish a credit line with a predetermined limit. Once approved, you can use the allotted amount through your UPI app and settle your dues by the due date. 👉 Interest Rates & Charges: The fees for using a pre-approved UPI credit limit may vary among banks. Currently, only HDFC and ICICI banks offer this service. ● HDFC Bank provides a credit limit of up to Rs 50,000 with a maximum credit period of six months. They calculate simple interest on the borrowed amount based on the number of days it’s used. ● ICICI Bank offers instant digital credit for up to 45 days, allowing you to pay bills, shop online, and make payments to any merchant’s UPI ID instantly. While there is no interest rate, a service charge of Rs 75 and taxes are applied for every Rs 3,000 spent. #upi #bank #payment #finance #personalfinance #financialfreedom #financialeducation #education #business #explore #reelitfeelit
eSanjeevani is a government scheme through which you can receive free consultations with doctors at your home. It simplifies communication between doctors and patients. The app and website allow patients to register, generate tokens, manage queues, have audio-video consultations with doctors, receive e-prescriptions, and receive SMS and email notifications. These services are provided by state doctors and are free of charge. #free #medicalservice #medical #freemedical #doctor #doctors #sickness #ill #notwell #freestuff #savemoney #earnmoney #videocall #athome #doorstep #reelkarofeelkaro
JPMorgan has finally decided to include India in the Government Bond Index-Emerging Markets (GBI-EM) index. It will lead to passive inflows worth nearly $30 billion into the domestic debt market. This passive inflow is likely to boost India’s profile on the world stage and further strengthen local fundamentals. India will enter the global bond index with a 10% weight cap and other smaller JPM EM indices in a staggered manner over a 10-month period beginning June 28, 2024. #stockmarket #stocks #economy #indianeconomy #india #growth #business #company #jpmorgan #bank #prettymuchfinance
Grab your movie tickets for just Rs. 99 at popular cinemas like PVR Inox, Cinepolis, Miraj, City pride and 4000 screens across India. Watch the video to know more! #movie #bollywood #cinema #ticket #savemoney #tickets #southcinema #southmovies #movies #pvr #cinemaday #cinepolis #bollywoodmovies #reelkarofeelkaro
I Recently got the opportunity to attend Amazon Smbhav 2023! This year’s summit held a special significance, as it marked the remarkable 10-year journey of Amazon in India. Smbhav 2023 served as a convergence of brilliant minds, bringing together industry trailblazers, influential policymakers, esteemed members of the media, and the true backbone of our nation’s economy – the small and medium businesses that continue to thrive and drive India forward. In the ever-evolving landscape of e-commerce, Amazon has been relentless in its pursuit of innovation, consistently striving to fulfill the unique and diverse needs of Indian consumers and has played a pivotal role in shaping the digital ecosystem of India. To know more about Amazon Smbhav visit their website! #amazonsmbhav #IndiaKaAmazon [amazon, Amazon india, business, small business, smb, money, funding, earn money, reel, education]
The UDGAM Portal is a centralized web platform launched by the Reserve Bank of India (RBI) to help people locate and claim their unclaimed deposits from different banks. Steps to follow: 1. Visit the UDGAM Portal by clicking on this link: https://udgam.rbi.org.in/ 2. Look for the option to “Check Unclaimed Deposits” on the portal’s homepage and click on it. 3. If you have an account, log in using your mobile number and password. If not, register by clicking on “Register” or “Sign Up.” 4. Complete any verification steps, providing necessary information like your name, account details, or identification numbers. 5. After verification, you’ll see a search form. Enter details such as your name and bank name. 6. Click “Search” to initiate the search for unclaimed deposits linked to your account. 7. If unclaimed deposits are found, the portal will display relevant information like bank name and deposit amount. 8. Depending on the results, you can proceed to claim the deposit amount or follow the portal’s guidance. 9. If no unclaimed deposits are found, the portal will indicate this. Currently, the UDGAM Portal includes the State Bank of India (SBI), Punjab National Bank, Central Bank of India, Dhanlaxmi Bank, South Indian Bank, DBS Bank India, and Citibank. If your bank is not listed, you may have to wait until October 15, 2023, as more banks will be added to the portal in phases. #bank #government #money #govt #scheme #earnmoney #banking #banks #winmoney #save #finance #reel #explore #governmentofindia #money
Saving on your travel expenses is easier than you think! Did you know that by simply checking your bill, you can put some extra cash back in your pocket? But times have changed, and GST rates have become more traveller-friendly. However, there’s a catch! Many hotels are still sticking to that 18% GST rate on the amounts. If you’re not aware of the new and reduced GST rates, you could be overpaying without even realizing it! Here’s the current GST breakdown: * Bills less than ₹7,500 now carry a 12% GST. * Anything over ₹7,500 is subject to an 18% GST So, here’s a savvy tip for your next trip: scrutinize your bill like a pro! If you spot that 18% GST being charged incorrectly, don’t hesitate to assert your knowledge. Follow @prettymuchfinance to stay updated! [hotel, gst, gstupdates, tax, taxsavings, savetax, savemoney, earnmoney, saving, education, business, financial literacy, finance]
Unlocking the Secrets of Smart Health Insurance Choices! 👉 No Room Rent Cap: Break free from limits! Make sure your policy doesn’t restrict your hospital room expenses, ensuring maximum coverage. 👉 No Co-Pay: Escape the cost-sharing burden! Select policies that cover your entire bill without demanding a percentage from your pocket. 👉 Wide Network of Cashless Claim Settlement: Experience hassle-free recovery! Opt for insurers with an extensive network of hospitals for seamless, stress-free cashless claims. 👉 No Claim Bonus: Earn rewards for your health-conscious choices! Every claim-free year adds a bonus to your sum insured, enhancing your protection without claims. Choose wisely, secure your health and peace of mind. #health #healthylifestyle #gym #gymmotivation #healthinsurance #healthinsurancepolicy #gymgirl #gymlife #healthcare #insurance #bank #insurancepolicy #reelkarofeelkaro
There’s one thing we all agree on, we want the best for our kids. I strongly believe in planning smartly & saving up for our child’s education early on to provide them with a happy & secure future. When it comes to safeguarding your family’s well-being and financial stability, investments and insurance plans emerge as the go-to choices. @indiafirst_life IndiaFirst Life Radiance Smart Invest Plan is one such insurance cum investment plan which is designed to meet both your savings and security goals. With a diverse range of new-age funds and investment strategies, this plan not only promises substantial returns but also offers an exceptional life cover to secure your child and family’s future. Also, it’s a low-charge plan hence a larger portion of your money is invested in the market for higher returns. Click the link in my bio and take the first step towards your child’s brighter tomorrow with the IndiaFirst Life Radiance Smart Invest Plan. #IndiaFirstLife #LifeInsurance #insurance #savemoney #insurances #life #savemoney #finance #personalfinance #financialfreedom
Travelling can be much more budget-friendly when you make the right choice in credit cards. Some credit cards offer perks such as complimentary flights, fantastic hotel booking discounts, access to luxurious airport lounges, and many more other valuable benefits. With that in mind, allow me to present my top five picks: 👉 Club Vistara IDFC First Credit Card: (Annual Fee: ₹4,999) ● Welcome Gift of 1 Complimentary Premium Economy Ticket Voucher and 1 Class Upgrade Voucher ● Complimentary Club Vistara Silver Membership ● 2 Complimentary visits to domestic airport lounges and spas & 1 complimentary visit to the international airport lounge per quarter. 👉 Air India SBI Signature Credit Card: (Annual Fee: ₹4,999) ● Complimentary membership of the Air India Frequent Flyer Program-Flying Returns ● 8 Complimentary VISA lounge access annually (max 2 per quarter) ● Lost card liability cover of up to Rs. 1 Lakh 👉 Axis Bank Vistara Signature Credit Card: (Annual Fee: ₹3,000) ● 1 Complimentary Premium Economy Ticket ● Free domestic lounge access ● Air accident cover of up to Rs. 2.5 Crore and purchase protection cover of Rs. 1 lakh 👉 Citi Premier Miles Credit Card: (Annual Fee: ₹3,000) ● Reward Points (Miles) do not have an expiry date on their use. ● One complimentary access to airport lounges across India in a quarter ● 20% discount in partner restaurants 👉 Standard Chartered EasyMyTrip Credit Card (Annual Fee: ₹350) ● 20% instant discount on domestic and international hotel bookings ● 10% instant discount on domestic and international flight bookings ● 1 complimentary domestic lounge visit per quarter and 2 complimentary international lounge visits per year #travel #travelling #travelhacks #savemoney #earnmoney #creditcard #money #creditcards #financialfreedom #education #business #travelgram #discount #points
September Alert! 📆 Missing these dates could spell financial trouble. Don’t let that happen! 1️⃣ Invest wisely: Govt’s Sovereign Gold Bond offer with 2.5% extra interest, Sep 11-15. Deadline: Sep 15. 🪙💰 2️⃣ Tax Reminder: Sep 15 – Last day for 2nd advance tax installment (for tax liability >10,000). 💸 3️⃣ Currency Alert: Exchange or deposit any remaining 2000 rs notes by Sep 30. 💵 4️⃣ Protect Your Account: Add a nominee to your mutual fund or demat account by Sep 30 to avoid freezing. 📈 Stay informed, share with friends, and keep following us for updates! ⏰💡 Disclaimer- The information provided on our platform is intended only for simplification and education purposes, and should not be considered as an investment advice. #finance #financetips #investment #investingtips #education #financialfreedom #financialliteracy #reelsindia #reelkarofeelkaro #explore #notebandi #2000note
SEBI (Securities and Exchange Board of India) is about to extend trading hours, opening up a world of possibilities for late-night traders. But that’s not all; there’s an exciting addition to the mix. NSE (National Stock Exchange) is now the first-ever exchange to offer both BRENT and WTI oil giants for trading. It’s time to dive into the dynamic world of crude oil like never before. Disclaimer- The information provided on our platform is intended only for simplification and education purposes, and should not be considered as an investment advice. #finance #financetips #investment #investingtips #education #financialfreedom #financialliteracy #reelsindia #reelkarofeelkaro #explore #wti
Reliance-Jio Demerger Chronicles: 🗓️July 20th: Demerger Day – Shareholders received Jio shares against one Reliance shares. 🗓️August 21st: Jio Financial’s Grand Entrance to the Market. 🚫 Index Funds & ETFs Couldn’t Hold Jio – It’s Not Part of an Index Fund! 📈 September 7th: Jio’s Exit from the Index – Now Trading Like a Regular Stock! Disclaimer- The information provided on our platform is intended only for simplification and education purposes, and should not be considered as an investment advice. #finance #financetips #investment #investingtips #education #financialfreedom #financialliteracy #reelsindia #reelkarofeelkaro #explore
Index ETFs, or Index Exchange-Traded Funds, are a type of ETF that aims to replicate the performance of a specific stock market index, such as the S&P 500, Nifty50, or NASDAQ Composite Index. Why to choose Index ETFs : * ✔️ Gain broad market exposure * ✔️ Diversify your portfolio * ✔️ Enjoy low expense ratios * ✔️ Experience liquidity and transparency Where to invest : Paytm Money, India’s premier investment and trading platform. They offer not just ETFs but also Stocks, F&O, IPOs, Bonds, Mutual Funds, and more. Plus, first-time users can grab the following amazing deals: 1) ₹0* Brokerage for 10 days 2) ₹0* Platform Fee for 1 year 3) ₹0* Account Opening Fee Don’t miss out, download Paytm Money now! Link in my bio. #ETF’s #PaytmMoney #ZeroBrokerage #StockMarket #InvestmentOptions #Trading #FuturesandOptions #investing #personalfinance #financialfreedom #finance
