Business Finance — Loans, TReDS & Working Capital

RBI's 2026 Scale Based Regulation amendment creates a new 'Unregistered Type I NBFC' category for group holding companies and treasury vehicles that meet NBFC criteria but have no public funds or customer interface. Existing entities in this position must apply for recognition through the PRAVAAH portal by September 30, 2026.

ECLGS 5.0 lets eligible MSMEs draw additional working capital credit at nil guarantee fee, with the government bearing 100% of the credit risk. The scheme window closes March 31, 2027 — here's who qualifies and how the process works through your bank.

The MSME Development (Amendment) Act, 2026 got Presidential Assent on 13 August 2026, turning CPSE onboarding to TReDS from an administrative directive into enforceable law under new Section 15A. Here's what every MSME supplier to a CPSE needs to know about payment routing, dispute timelines, and penalties.

A strong credit rating from CRISIL can slash your SME's borrowing costs by 1-3% per annum. Learn how the CRISIL SME rating process works, what financial documentation your CA must prepare, and why the quality of your numbers matters more than the size of your balance sheet.

Banks offer three main working capital routes: Cash Credit (CC), Overdraft (OD), and bill discounting. Each carries different costs, compliance burdens, and risk profiles. Your DSCR ratio and audited financials determine approval odds and limits.

The RBI's Scale-Based Regulation framework classifies NBFCs into Category A (minimum Rs. 10 crore NOF) and Category B, with distinct compliance requirements. This guide clarifies the registration path, regulatory distinctions, and the annual compliance obligations your finance company must meet.

Non-Convertible Debentures (NCDs) are a popular debt instrument for private companies seeking capital without diluting equity. This post covers Section 71 of the Companies Act 2013, SEBI's Offer for Sale of Securities by High Net Worth Individuals (OBPP) rules for listed NCDs, and critical TDS obligations under Section 193 of the Income-tax Act.

TReDS (Trade Receivables Discount System) is an RBI-regulated platform that lets MSMEs convert invoices into immediate cash. Learn eligibility criteria under MSMED Act 2006, how GST e-invoice linking works, and why your business should use it.