As most of us are aware, a good credit record is of utmost importance. But did you know that it is important for small businesses too? Not only should all owners of the business maintain a good credit record, but every SME too needs to have a healthy credit rating from an authorised agency such as CRISIL. Most people keep delaying applying for a credit rating for their companies because they find the paperwork daunting. We’re here to help you with just that and break down the paperwork involved.
The Budget focussed on bringing about a sustainable change for the country by promoting a more digital economy, ease of doing business, introducing measures to help the rural and agricultural sectors through NABARD and creating opportunities for the youth. Here are the key highlights for businesses from this year’s Budget session.