Business credit is used for business-related purposes such as securing financing for operations, purchasing inventory, leasing equipment, or expanding the business.
A gold loan is a secured loan where borrowers pledge their gold ornaments or coins as collateral to obtain funds. Understanding key terms like LTV ratio, interest rate, and repayment tenure is crucial for making informed borrowing decisions.
Gold loans provide a quick and efficient way to secure funds by leveraging your gold assets. They offer benefits like low interest rates and flexible repayment options.
The Kisan Credit Card (KCC) provides farmers with easy access to affordable credit for their agricultural needs, such as purchasing inputs like seeds, and fertilizers, and meeting working capital requirements.
GST on gold jewellery in India is a dual system, with 3% on gold and 5% on making charges. It has impacted prices but brought transparency. Registered jewellers can claim input tax credits. The exchange of old gold for new is GST-free, benefiting consumers.
