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Articles, guides, tips and updates to accelerate business growth in 2023 and beyond

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Direct Reduced Iron (DRI), also known as sponge iron, is a key raw material used in modern steelmaking, especially in Electric Arc Furnaces and Induction Furnaces. As the world’s largest producer of sponge iron, India plays a major role in the global DRI supply chain and the growth of the secondary steel sector. Read on to understand the DRI full form, its production process, types, advantages, and its role in India’s steel industry.

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Microfinance loans also called microcredit is when financial institutions given small loans as low as ₹20,000 to business owners and entrepreneurs without access to credit. These loans are disbursed without any collateral requirements and feature relaxed eligibility requirements.

Last updated on: Apr 21, 2023

Business loans for traders have multiple advantages. They are usually short-term, zero collateral loans with quick disbursal times. Traders can also search for government schemes extending loans to small businesses at low interest rates bundled with other perks.

Last updated on: Jun 1, 2023

World MSME day, celebrated annually on June 27, was instated by the United Nations in the United Nations General Assembly. This day seeks to raise awareness about the potential of MSMEs to contribute towards the sustainable development of the globe. India MSME day is celebrated on the same day. Let us take a look at the importance of international MSME day, its theme for 2023 and more.

Last updated on: Jun 27, 2023
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