A Credit Guarantee Fund Scheme (CGFS) is designed to support small businesses, startups, students, and low-income borrowers by offering guarantees to lenders against default risks. It encourages banks and financial institutions to provide loans without collateral, making credit more accessible. Importance of Credit Guarantee Schemes Helps small businesses grow by easing access to finance. Encourages …
Month: February 2025
Most Common Mistakes to Avoid When Filing ESI Returns
The Employee State Insurance (ESI) scheme, governed by the Employees’ State Insurance Corporation (ESIC), is a self-financed social security and health insurance scheme for employees earning ₹21,000 or less per month. Employers with 10 or more employees (20 in some states) are legally required to register under the ESI Act, 1948. Importance of Filing ESI …