In India, Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the country’s economic growth, generating employment and contributing significantly to the GDP. However, accessing credit has often been a significant challenge for such enterprises, especially for startups and small-scale businesses. This is where responsible lending plays a transformative role. At LendingKart, responsible lending […]
In recent years, government procurement in India has undergone a major transformation with the introduction of the GeM portal. Designed to bring transparency, efficiency, and accessibility, the platform enables businesses, especially MSMEs, to directly connect with government departments, PSUs, and ministries. Earlier, selling to the government involved complex paperwork, middlemen, and long approval cycles.
India’s entrepreneurial ecosystem is evolving rapidly, driven by digital adoption, rising consumer demand, and strong MSME support. Recent trends show that small businesses continue to play a crucial role in employment generation and economic growth, making them one of the most attractive avenues for new entrepreneurs. The good news? You don’t need crores to
If you have ever opened a bank account, applied for a loan, or invested in mutual funds, you have likely gone through the KYC process. But with evolving technology and regulatory reforms in India, KYC has expanded into multiple formats: traditional KYC, e-KYC, and CKYC. Understanding the types of KYC is essential, especially as
Have you ever had to submit the same KYC documents repeatedly when opening a bank account, investing in mutual funds, or buying insurance? This is exactly the problem CKYC was designed to solve. CKYC is a government-backed initiative that creates a single, centralised repository of your KYC records, managed by CERSAI. Once your KYC
CIBIL vs Experian: Which Credit Score Should You Check Before Taking a Loan?
Before approving a loan, banks and NBFCs want to understand one thing clearly: Can you repay the money on time? This is where credit scores come into the picture. In India, credit scores are issued by authorised credit bureaus such as CIBIL and Experian. These agencies collect your financial data, like loan repayments, credit
Running a small business often involves juggling multiple priorities, such as sales, operations, customer service, and finances. In the middle of all this, it becomes easy to lose track of what is actually driving profit and what is not. This is where Key Performance Indicators come into play. They provide measurable data points that
