Self Account Management

Small Finance Bank – 5 Main Disadvantages

What is the RERA (Rural Credit Enhancement) Regulations for Small Finance Bank?

Because of the low population of the rural segment of India and the absence of formal financial services for an important segment of the rural population, encouraging financial inclusion

Small Finance Bank – 5 Main Disadvantages

has always been an important priority for the government.

The RCE Regulations, which is implemented by the Reserve Bank of India, are designed to make it easy for small finance banks to extend credit to rural people.

These regulations include a number of measures designed to facilitate small banks’ access to credit, such as the introduction of the RCE scheme.

The basic idea behind the RCE Scheme is that small finance banks provide more than one facility to their clients – sometimes the same facility, sometimes different facilities.

This means that a single lender can have more than one facility for the same client.

If the bank provides more than one service, it may be able to charge a higher rate of interest for its clients.

The RCE scheme was introduced so as to help the small finance banks expand their reach to a wider segment of their clientele.

The scheme provides rural people with more than one facility at lower interest rates, which they may not otherwise be able to get at.

Thus, even though the bank may offer a single facility, it can give multiple services to its rural customers at reduced rates.

The advantage of this is that rural people with good credit records can benefit from these services.

The fact that these facilities are available at low rates means that they will be able to afford the services provided.

In contrast, in case of a traditional bank, the borrowers will not have access to such facilities if they have poor credit ratings.

Thus, both the banks and rural borrowers are benefiting from the RCE Scheme.

However, despite the benefits of the scheme to the rural borrowers, there are certain disadvantages that may be encountered.

The first disadvantage is that the banks that are providing these services will have a competitive advantage over smaller banks, especially those operating in the rural areas.

Secondly, there will be less competition among the smaller banks, and therefore, the banks serving rural people will be forced to give loans at higher rates.

Thirdly, the small rural customers may feel pressured to use credit facilities provided by the banks, since the larger banks may be seen as a credible financial partner.

The fourth disadvantage is that the larger the bank becomes, the more attractive it becomes, and the larger the bank becomes in the eyes of the rural population.

Therefore, the smaller rural banks who are also operating in the rural areas will find it difficult to get the same advantages that the larger banks have.

This disadvantage can be overcome by the RCE scheme.

To do so, it must be able to offer competitive rates for the rural customers.

The fifth disadvantage is that the RCE scheme does not have many benefits for the small rural banks that cannot be found in the larger banks.

For example, RCE schemes do not have a branch network that the larger banks have.

The small rural banks may not find it easy to get loans because they cannot afford to buy their own branches, as it is a very costly process.

There are also chances that the rural borrowers may find the RCE scheme not feasible as they may not have the necessary infrastructure to cater to the needs of rural clients.

For example, the rural client may not be comfortable with the process of applying for loans from the bank offices located outside the city.

If the bank cannot provide the necessary paperwork or financial forms, then the bank would not be able to provide the services it requires.

Some companies that offer loans to rural people in the United Kingdom also offer services that may not be offered by the bigger banks.

These services include but are not limited to, loan origination, processing and other related clerical tasks.

Business Guide Self Account Management

Ministry of Finance – What Does it Do?

Ministry of Finance – What Does it Do?

Ministry of Finance, which is also known as finance ministry, is the central body of the government of India responsible for allocating funds in the country. It also supervises the expenditure, disbursal and distribution of finance.

Ministry of Finance – What Does it Do

This body plays a very important role in the economic and fiscal policy of the country. It has to formulate a plan that would enable the economy to grow faster and develop at the same time. They have to ensure that there is enough finance in the economy for further growth. Therefore, it is essential for the country to keep this ministry well informed about the economic activities of the economy.

The ministry of finance has the responsibility to: Develop and track proper policies and plans that guide short and medium-term expenditure management. Prepare and submit the annual national budget. Formulate and review, evaluate and approve projects and policies in consultation with various Ministries and institutions. Make the necessary recommendations to the Finance Minister for necessary measures. Assess and manage all financial resources in the economy.

Ministry of Finance Importance

There are different departments and branches under the ministry of finance. These include: Finance, Revenue and Statistics; Monetary Policy; Monetary Analysis; Credit Policy; Asset Pricing; Fiscal Policy; Financial Planning and Budgeting; Corporate Finance; Corporate Affairs; Corporate Finance and Insurance; Credit Rating Services; Investment Policy; International Trade; International Monetary Policies; International Bankruptcy Policy; Insurance Policy; Securities Markets; Trade and Industry Policy. The responsibility of the finance ministry includes planning and implementing the strategy to promote financial health in the country. All the policies that come from this ministry are enforced by law.

Since the Finance Ministry is responsible for ensuring a steady flow of finance in the economy, it is crucial for the country to have a stable financial system. This means that the country should have a system that would facilitate easy and quick transfers of funds to and from the economy. In addition, there must be enough fiscal intermediaries to ensure a smooth exchange of credits and debits. between banks and financial institutions.

The ministry of finance also makes sure that monetary policy is in balance and that interest rates are low and inflation is kept to a minimum. so that the country can sustain the normal lifestyle of its people. The government tries to maintain a favorable exchange rate by keeping the exchange rate of the dollar at a high level.

Other major functions of this ministry includes promoting economic growth of the country through economic growth in sectors such as the manufacturing, transport, services and other fields. The aim of the ministry is to provide an environment that would make the country an attractive investment destination. For this, the finance ministry appoints financial experts to ensure that the country gets all the financial resources and assistance that it requires.

The importance of this ministry cannot be undermined in today’s global economy because of its role in stimulating economic growth. It is important for the country to maintain a sound balance of payments.

A balanced fiscal system is important for the country to sustain economic growth. In order to achieve a balanced fiscal system, the finance ministry has to take a number of steps including: raising the level of taxation and ensuring compliance with the tax laws, controlling spending, and controlling inflation. The finance ministry also monitors the country’s trade deficit. so as to maintain and improve the competitiveness of the economy. to attract the right kind of foreign investment into the country.

The budgeted expenditure for the ministry of finance is $5.3 billion every year. The ministry of finance has a very ambitious budget. Therefore, the country’s fiscal policy must be kept in consideration during the planning stages of the budget.

A balance between taxes and expenditures must be maintained in order to achieve the goal of a healthy economy and a sound country’s fiscal policy. The finance ministry of finance is also the main coordinating body for all financial policies in the country. to maintain good relations with the international community. The budget is always discussed in the cabinet meeting of the country.

The ministry of finance also acts as a mediator between creditors and debtors to help the debtor in paying off his debts. The ministry of finance tries to convince creditors to settle for a deal that will benefit both the debtor and the creditor. This ministry ensures that all the regulations of debt settlement are complied with and maintained. in order to promote better business conditions for the economy.

Business Guide Self Account Management

Debt Management Tips And Tricks

Debt Management Tips And Tricks

When it comes to debt management, it is very important to understand the pros and cons before you undertake any new debt consolidation. The consolidation, or debt settlement, entails taking out another loan to pay back multiple debts or multiple credit cards balances. If you are seeking some debt management advice and do not have the necessary funds to do so, then consider one of these two options for managing your debt: a debt consolidation loan or an online debt consolidation program.

debt consolidation

Debt Consolidation Review

A consolidation loan is often used when there is an existing loan that requires payment on a monthly basis. The loan is typically secured by home equity or collateral which can be a home or other property. In some cases, when there is no home equity, unsecured debt can be included in the consolidation loan. This can be used as collateral to secure the loan and the debt can then be paid off through monthly payments.

On the other hand, debt management plans are used when the debtor is struggling with too much debt to manage with their current financial situation. This can be a result of late payments, over-limit fees and penalties, collection calls or letters, etc. These debts will not be included in the consolidation loan. Instead, the debtor will apply for a debt consolidation loan and use it to consolidate all of their debts, usually credit cards. They will make one monthly payment towards the total of the new consolidated debt and the amount can be reduced or eliminated, depending upon the debtor.

debt consolidation tips and tricks

There are debt consolidation tips and tricks to help with both options. A good place to start is to read the different debt consolidation loans and programs offered by different companies before you decide which one is right for you. Be sure to discuss any debt management plan with your creditors and your credit counselor to get all the necessary information about the process before making any decision.

It is important that borrowers with high levels of debt to be cautious when using debt consolidation plans, because some plans may require a large down payment. Some plans are free of charge and offer no annual fee; however, many plans will charge a fee for their services and require an upfront monthly payment or up front deposit in order to start. The best debt consolidation loans are the ones that will allow you to consolidate your debt without requiring any money up front and without requiring any fees.

Make sure you understand what fees you will be required to pay for the loan you obtain and what interest rates they may charge. Also inquire about the amount of time it will take to finish the consolidation process and how quickly you can complete the debt management plan. Be sure to ask the company you decide to work with whether they have the necessary licenses to provide you with these services.

Debt management plans are often less expensive than a consolidation loan in the long run because they can get you out of debt quicker. With a consolidation loan, you will be paying the same monthly payment for a longer period of time, thus allowing you to reduce your debt and possibly avoid the late payments, over-limit fees, etc. However, it is also important to know that your overall debt load can be reduced even more if you choose a more affordable consolidation loan.

Keep in mind that when you consider the above mentioned debt consolidation tips and tricks, do not forget about all of the other factors that can affect your choice. Some debt consolidation companies will have restrictions on the types of loans they are willing to lend, such as having to offer fixed interest rates or repayment options that are based upon your income level or not having any requirements at all.

Business Guide Self Account Management

How to Do Tax Management in India

Tax Management in India

There are several reasons to invest in tax management in India. In fact, it can be one of the best business investments an individual or a company can make.

tax management in india

Firstly, India is the most visited destination in the world by individuals who want to avail of their services. So, if you want to gain a competitive edge over other companies or to retain and attract talented professionals, then investing in professional tax management in India is a great idea. Moreover, the government of India also supports many private companies who have their offices in India.

As we all know, the Indian government is very keen to ensure tax compliance. This is not only because these employees play a vital role in the smooth functioning of the country, but also because it helps them keep track of the tax liabilities of others. In other words, they help the government in tax collection and audit.

Benifits of Tax Management

A skilled Indian tax manager will be able to assess the financial condition of the organization before the next tax filing season. These tax managers are also trained to provide tax advice to the concerned people. In fact, there are various professional tax advisors working in India. They are well versed with the IRS rules and regulations.

If an Indian tax manager is highly skilled and experienced, it is only a matter of time before he earns the trust of clients across the globe. Tax advice from an experienced and competent professional can certainly be of great help to the taxpayer. Furthermore, when dealing with the tax liabilities of the taxpayer, the professional will be able to prepare effective strategies that are both legal and economic. There are many different kinds of tax planning techniques that one can adopt in order to minimize the tax liability of the individual or the organization.

For instance, if a person wishes to avoid paying taxes on the purchase of any new home, he should consider various forms of non-taxation. In addition, one should not hesitate to pay the taxes that are due to the government when the company is still having its year-end bonus, so that it can be used for other purposes. If a company is holding shares, it is advisable to pay the taxes before the shareholder vote on the dividend is passed on.

Investing in tax management in India has many advantages. However, you need to be sure about the quality and experience of the professional before you invest in them.

Tax management in India will help you save money. While you have the flexibility to get the required help, the tax liabilities can be reduced. in addition, it will also provide you a fair amount of time to concentrate on your core business activities. Thus, tax planning and management in India are an ideal choice for you and your company.

Tax management in India is a comprehensive approach that will help you cut through the maze of tax laws and regulations and come up with a proper tax resolution for your organization. One of the best things about this is that you will be provided with a comprehensive list of tax rules and regulations in your state as well as in your country.

You should hire professional tax advisors, who have years of experience. This means that they have spent considerable time in this field and have gained immense knowledge and information about the current laws governing the tax administration. The professionals in India will help you decide the right course of action in the tax department. This will ensure that your needs are satisfied while ensuring that the tax liabilities are reduced to an extent that you do not have to pay any penalty or interest.

There are many advantages of hiring a reputed organization, which is certified by IRS as certified public accountant (CPA). You can also choose the one that has the accreditation of the IRS. IRS accredited organizations are also backed by several years of experience in this field. They are well equipped with experienced tax attorneys who will guide you through the entire procedure of tax management in India.

Most companies also offer free consultation services and a free analysis report on their websites. This will help you understand the current market situation. They will also help you formulate a good and effective strategy that will maximize the efficiency of the tax management in India. Apart from this, the companies will be able to give you tips on how to reduce your tax liability, which is highly beneficial to the entire organization.

Self Account Management Business Guide

How to Choose QuickBooks for Your Business

How to Choose QuickBooks for Your Business

It’s a good idea to read through some QuickBooks reviews before you make your decision on the best accounting software for your small business. It may seem like such an easy thing to do, but it can be confusing enough without having to make an expensive mistake. When you can avoid a costly mistake, you will be able to focus more on making sure that your business runs as smoothly as possible.

quickbooks review

You will find that there are so many different types of QuickBooks that you will have to take a bit of time to choose one that fits in with your particular needs. As you read through the QuickBooks reviews, you’ll probably see that there are many different types of features and tools that are available to you. This is because there are hundreds of companies that offer QuickBooks. There are also several different vendors that offer QuickBooks.

To ensure that you choose a product that is right for your company, you’ll need to read a QuickBooks review. If you want to make certain that you get the best accounting software, you will need to read through a few of them and see how other people are using the program to help them with their business. It can be very helpful to have information on the program that is available to help you make an informed decision.

Decision in Your hand

Because there are so many different features and tools available in QuickBooks, you will need to decide what features are most important to you. For example, some people may prefer to be able to view their accounts from almost any location. You may even decide to install software on your computers so that you can manage your accounts at all times. It will depend on your needs and what you think will benefit your business the most.

You also need to make sure that you know the basics of accounting. You will need to learn how to prepare your books and keep track of your profits and losses. If you don’t have the knowledge or skills to handle your books yourself, it may be better to hire someone else to do so. You may not have a lot of experience managing your QuickBooks account at the moment, but if you don’t feel comfortable managing your own accounts, then it may be better to outsource your accounting needs to a professional.

If you need to find a QuickBooks vendor, you’ll find that there are quite a few. Since there are so many different vendors offering the product, you’ll likely find that you can find the best price for your accounting needs by doing a little research online.

A review will provide you with a great place to start. Since the program is available in so many different forms, you’ll find that you can find a program that will meet all of your needs for handling your accounting needs. You can find an easy to use interface, and you’ll be able to work with it from virtually any location at all.

You can make an informed choice when you read a QuickBooks review and get a chance to see how other people are using the program. By taking the time to read some reviews, you’ll be able to find the accounting program that works the best for your company and your business.

It’s always a good idea to consult with someone who knows about your business before making any major decisions. This way, you can be sure that you are making the right decision.

When you make a decision to buy accounting software, it is important that you read a QuickBooks review so that you can make sure that you’re making the right decision. Once you’ve decided what type of software you need, it’s important that you know what to look for so that you get the very best value for your money.


The review will help you make this decision, and it’s important that you understand the different features that are available to you. so that you can choose the right program for you.

Self Account Management

Portfolio guide for personal finance


What is finance 

Finance means money and money’s worth. It involves cash and cash Equivest’s (current assets) e.g. debtors, bank balance, bills receivables etc.

What Is Personal Finance 

Personal finance is monetary management where a person budget, plan save and spend his finance for future risks and future events. it is about setting and fulfilling financial goals e.g.

  1.   spending for child’s education and marriage  
  2.   After retirement financial needs  
  3.   Purchase / construction of house  

It concerns about 

  •  How one should arrange money to fulfill his needs? 
  •  How to use credit card? 
  •  How to pay money to creditors? 
  • How to control your needs according to your income?  
  • How to spend money in various areas? 

 How to create a personal financial Guide 

  1. Note down your total monthly income.
  2. Note down total spending fixed and variable in the month.
  3. Set your smart financial goal.
  4. Prepare a monthly budget.
  5. Set an emergency fund for variable spending.
  6. Start investment for the future for short term and long term.
  7. Review after a short time and adjust plans accordingly.

How to Create A Personal Finance Guide – 

  1. Prepare a budget: –

You should plan and prepare a budget for your savings and spending. It can be done by taking care of the following points- 

  • How much money you should save or spend? 
  • How much you should spend on clothing? 
  • How much you should spend on food items? 


  • You will save 35% of your income and spend 35% of your income. 
  • You will spend 10% on clothing. 
  • You will spend 20% on food items. 
  • 5% you will spend on other expenses. 
  • Spend what left after saving: –

 Don’t save money after your all expenses and spending. Firstly, deposit your fixed saving amount into the bank. Which is left after that spends on your daily expenses?

  • Go cashless: –

If you have too much money in your purse than you can spend it on useless things whether you need these things or not. instead of carrying a lot of money in the purse, you should go cashless through UPI such as google pay, Paytm, Bhim etc. As you can also enjoy cashback on online payments and save your money.

  • Don’t borrow money: –

If you want to utilize your money effectively than don’t borrow money. Avoid to taking debt, instead of taking long debt, take short debt if you need money on very urgent basis. Cut down your unnecessary expenses and save money.

  • Compare interest rates: –

If it is very urgent that you have to take a loan then before taking a loan compare the interest rates of various banks and loan providers. Try to take a loan on a minimum interest rate.

  • Stop unnecessary spending: –

This is very important for you to avoid unnecessary spending which is useless if you want to collect money for the future. you can avoid too many costly clothes, unnecessary parties, buying useless things etc.

  • Avoid credit card: –

To utilize the finance, avoid credit card. If you have a credit card, you will buy things on credit and next month you will pay interest on a credit card, so avoid credit card. The money you will pay for credit card interest can be utilized to meet any other expenses.

  • Pay your debt fast: –

If you have various debt, so pay debt fast as you pay a lot of interest on the debt and wasting your money. the debt which has a high-interest rate, pay that debt on an urgent basis. focus to pay long term debts on a priority basis. Pay long and short-term debt partly. Pay debts through cheque and draft at the last due date.

  • Create emergency fund: –

You should create an emergency fund for future uncertainties and risks. As the future is uncertain, something can happen. E.g. there may be an accident or a medical emergency. suddenly marriage of a child etc.

10.Two or more resources of income: –

You should not depend on a single source of income. You should try for two or more sources of income as your job goes or anyone business may go to the loss, then other methods of income and business will help you to survive.

11.Diversify your investment: –

Don’t put your all eggs in one basket. To avoid various risks, you should invest your money more than two resources. In an economic crisis if one investment can’t pay you good interest then you may earn well from other investment. you can invest your money into various schemes such as mutual funds, fixed deposit, recurring deposit, shares, treasury bills, commercial papers etc.

E.g.- you have invested in shares as well as a fixed deposit in bank .suddenly the company in which you invest is failed and price of shares are fall or nil .then you can easily cover your loss from fixed deposit.

12.Circulate your money: –

If you want to use your money efficiently don’t put it on rest. Circulate it more and more in economy .if you circulate your money you will not able to spend it on useless things and you may also earn some amount of interest in it.

E.g. You have Rs 3000. At your home. you may lend it to someone for a short time period or deposit it into the bank.

13.Pay debt first: –

If you have money in your hand then pay your debt on a priority basis rather than spending it on other things. try to finish your debt earlier and get rid of the unusual payment of interest on that debt.

14.Receipts in advance: –

If you are receiving money from a client or someone. then it is fruitful if you receive money in advance as you can save yourself from lending money from outside the business or pay an additional amount of interest.

15.Payments at end date through cheque and draft: –

The most effective way to utilise the finance properly that pay your creditors at the last date of payment. Don’t pay your creditors through cash, pay them by cheque or draft as it will also take time to deduct payment from your account.

E.g. The last date of payment of the debt to your friend is 9 i.e. on Friday .you gave a cheque to your friend. So Saturday and Sunday are holidays in bank .he will deposit cheque on Monday .you can use that money for more two days for your urgent needs.

16.Invest in gold: –

Currency may be banned or finished anytime. From our ancient era to today currencies are changed. Digital banking, credit or debit cards, payments apps are taking the place of currency notes. If you are collecting finance for long term try to invest in gold as with the time the value of gold is increasing and it can’t be replaced by any other thing or material.


  1. Pay debts on a priority basis
  2. Avoid credit card purchase
  3. Decentralising of receipts
  4. Centralisation of payments
  5. Receipts through cash
  6. Payments through cheque and draft
  7. Invest differently for short term and long term
  8. Maintain a good credit score
  9. Diversify the risk