Blogs.

You have found the perfect Rs 50 lakh flat, or the two-wheeler you have been eyeing is finally within reach. You walk into the showroom, ready to take it home on EMI — and the first question is: “How much down payment can you make?” That upfront amount you pay before the loan kicks in shapes everything that follows — your EMI, your interest cost, and even whether you get approved.

When we think about funds, the first thing that comes to mind is usually a bank. But did you know there’s another type of financial institution that provides similar services and still helps...

Loans are approved based on risk. When a lender feels uncertain about a borrower’s repayment capacity, they often look for additional assurance. This is where another individual may be asked to step in, not as a borrower, but as a backup. 

Imagine you run a manufacturing unit in Pune. Orders are surging, and you need a new production line worth Rs 80 lakh. Your working capital covers daily operations, but a purchase this large needs a different kind of funding altogether.

The Prime Minister’s Employment Generation Programme (PMEGP) is the Government of India’s flagship credit-linked subsidy scheme for setting up new micro-enterprises. Launched in 2008 by the Ministry of MSME and implemented by KVIC, it has funded over 10 lakh businesses through more than Rs 73,000 Crore in project loans and Rs 27,000 Crore in government subsidies.