Forum

Finance is the management of money for an individual or for an organization., for example, for private companies or for the government. It also includes lending funds to entities, making investments, borrowing from a lender, etc. It is a requirement for managing the funds by checking if they are allocated optimally. Financial experts have a control over the company’s strategies and help their companies mitigate losses and help them gain profits.

Finance is the management of assets and liabilities and planning for the future growth of an organization. People in finance have a control over the company's strategies and look forward to making profits or to mitigate losses. The management of money and investments for individuals or any organization is what finance professionals deal with. They are responsible for ensuring that there is enough funding and that the funds are allocated optimally.

Finance majors acquire analytical skills so that they can assess business problems and can evaluate financial implications for any organization. They also learn to deal with spreadsheets and other software used to process financial data. People with such skills looking for a job in a finance field have a lot of options to consider:

YONO is a digital banking mobile application launched by SBI. The app is designed to fulfil all your banking requirements, shopping needs and provides insurance and investment solutions. Following are the benefits of SBI YONO app.

You do not need to pay any money to download YONO app, powered by SBI. YONO is a digital mobile banking app that lets you open a savings account, shop online for groceries, electronics and various other items, book movie and travel tickets, get overdraft facility against fixed deposit and apply for financial products. There are no charges attached for any of the services provided by YONO App.

YONO mobile application was recently launched by SBI, offering digital banking services and various other services. Meanwhile SBI Anywhere Corporate is a corporate internet banking based mobile application that helps small companies to operate their accounts on the move. It is difficult to draw a fair comparison between the two and arrive at the best one as both cater to different needs and purposes.

YONO is a digital banking mobile application that is introduced by SBI. With the mobile application, customers can open a savings account, apply for various financial products, shop online, track your expenses, choose investments, insurance schemes and conduct financial transactions. Following are some of the notable features and benefits of the newly launched mobile application.

SBI upgraded their online banking app to the YONO App.  SBI YONO App boasts of itself as a one-stop solution for all your banking needs. YONO basically translates to ‘You Only Need One.’

YONO is a digital banking mobile application launched by State Bank of India. The app is designed to fulfil all your banking requirements, shopping needs and provides insurance and investment solutions. Following are some of the impeccable features of SBI YONO app:

Finance is more mathematically involved than most aspects of economics. Most finance degrees are a mix of finance, economics and a little of accounting. Depending on the courses provided some institutions provide more economic focus, which might be harder. There are few things to consider before you decide whether you want a career in finance. Financial discussions might be difficult because not everyone will understand financial terms when you are explaining a situation to them. You would need good communication skills to break down what you need to convey, without using any jargon.

Business finance refers to the money that is used to run a business. It is required to purchase resources like goods, raw material and is also needed for handling assets. Capital is needed during the initial stages and also during the fully operational stages of a business. As a business grows it would need to establish a functional financial unit that would analyze the overall expenses and provide data that would be useful in turning the business profitable and mitigate losses if any.

You can apply for a Kisan Credit Card online or by visiting your lenders nearest branch.

Kisan Credit Card scheme was started with the aim of providing short-term formal credit to farmers. Farmers can avail loans to meet their agricultural needs under this scheme and that too at affordable interest rates. The government has also made the application process easier to increase interest among farmers. The repayment has also been simplified and dependent on the harvesting season, reducing the farmers’ debt burden. The features associated with the card are mentioned below:

Amazon in association with ICICI Bank launched Amazon Pay ICICI Bank Credit Card that makes your shopping more rewarding by providing a reward rate of up to 5% if you are an Amazon Prime member.

You can pay your IndusInd credit card outstanding bills online anytime from the comforts of your home or office. You would just have to go to IndusInd bank official website and follow a few steps for making a payment online

Yes, ITR is a necessary document to apply for MUDRA Loan. If you're eligible for a MUDRA loan, you'll need to provide two years' worth of Income Tax Returns (ITRs) as proof. 

Pradhan Mantri MUDRA Yojana is a scheme that was launched by the Prime Minister of India for providing loans to micro enterprises. This scheme is aimed to increase the entrepreneurial activities of small businesses. These loans are classified as MUDRA loans and are given by commercial banks, NBFCs, MFIs etc. To avail a MUDRA loan you can approach your lender or you can apply through an online portal called UdyamiMitra. Under PMMY, MUDRA has created three products: Shishu, Kishore and Tarun.  

The Pradhan Mantri Mudra Yojana(PMMY) scheme doesn’t provide subsidies for any loans availed. However it would be an exception, if the loan proposed by the applicant is linked to a government scheme and given a government capital subsidy. This will be eligible under the PMMY. A subsidy is money provided by the government to a business. The price of the product made by the business will be reduced. And this will be done for the welfare of the society. 

The Pradhan Mantri MUDRA Yojana (PMMY) provides loans to small businesses for a maximum amount of Rs. 10 lakhs. You can apply for a MUDRA loan either directly from any bank, NBFC, MFIs, etc. Borrowers also have the option of applying through an online portal. To apply for a MUDRA loan you would need to keep your necessary documents ready before approaching your financial institution. Fill in the loan application form and submit it to your lender. The Shishu scheme covers loans up to Rs. 50,000 for startups. Kishore scheme covers loans up to Rs. 5 lakhs for established businesses. Tarun scheme covers loans of up to Rs. 10 lakhs for well established businesses who are eligible.

Any Indian citizen having a business plan for a non-farm income generating activity is eligible for a MUDRA loan. Businesses from the manufacturing sector or the service sector needing credit up to Rs. 10 lakhs can approach either a bank or an NBFC for availing a MUDRA loan under Pradhan Mantri MUDRA Yojana(PMMY). The terms and conditions of your lender would have to be followed for availing a loan under PMMY. 

A steady income is important to get any kind of loan and in case you are unemployed, there are still ways to qualify for one. If you are in need of a quick loan, a gold loan will be a good choice. You would just have to pledge your loan as collateral and get the funds you need. Unemployed students wanting to pursue higher education can take an education loan by signing a co-applicant or by pledging collateral. The future income of the student is taken into consideration while when the loan is granted.