The Permanent Account Number (PAN) is a 10-digit alphanumeric identification issued by the Income Tax Department and is an important document for all financial transactions by the PAN holder. Banks and financial institutions mandatorily ask for PAN card details when you apply for loans or credit cards, make high-value transactions, open a demat account, etc.

Starting a new business is tough, especially with limited funds. But young or new entrepreneurs can find the money they need to launch or grow their businesses with the right plan. MSME (Micro, Small, and Medium Enterprise) loans are ideal for establishing or expanding a business.

Read on to understand the MSME loan for startup businesses and how it can empower your entrepreneurial journey.

Obtaining a personal loan without proof of income may feel challenging, but it is achievable with the right knowledge. You might not have standard payslips if you’re a freelancer, an entrepreneur, or simply have an inconsistent income.