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When it comes to securing payments in international trade, the Irrevocable Letter of Credit (LC) is the most sought-after and reliable financial instrument. Also known as Irrevocable Documentary Credit or Irrevocable LC, it provides exporters with a high level of payment security, making it the preferred choice in global trade. In this blog post, we…
Many small business owners in India are unaware that they can apply for a second loan under the PMEGP or MUDRA scheme to upgrade their existing units. I was one of them—despite running a government-financed unit under MUDRA, I didn’t know this upgradation loan even existed until much later. This…
Credit cards can be powerful financial tools when used responsibly. Whether you’re using SBI credit cards, Axis Bank credit cards, American Express credit cards, or ICICI credit cards, it’s crucial to understand the risks of maxing out your credit card limit. I learned this lesson the hard way:Understanding types of…
in the ever-evolving world of international trade, Export Credit Agencies (ECAs) play a crucial role in providing the necessary financial backbone to support exporters. Countries like the USA and India have leveraged their ECAs to ensure that businesses, especially small and medium enterprises (SMEs), can access export finance, minimize risks,…
In today’s fast-paced digital economy, credit cards have become more than just a payment tool. They offer flexibility, financial convenience, rewards, cashback, and even emergency support. Whether it’s shopping, travel, dining, or business expenses, credit cards can be a powerful financial tool — if used wisely. In India, multiple banks…