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 […]
Lessons from Pushkar Fair and Other Trade Fairs: Customer Engagement, Stall Management
Trade fairs have always been a powerful way for businesses to showcase their products, connect with customers, and understand market trends. For Micro, Small and Medium Enterprises (MSMEs), such events provide an incredible opportunity to network, generate leads, and build brand visibility, something that digital platforms alone can’t fully replicate. The Pushkar Fair in
Vendor Financing is a strategic financial arrangement that enables businesses to optimise their cash flow and streamline their procurement processes. Unlike traditional financing methods, Vendor Financing is tailored specifically for transactions between a supplier (or vendor) and a buyer (or purchaser), fostering a mutually beneficial relationship. In this comprehensive guide, we’ll delve into the
Limited Liability Partnership (LLP): Meaning, Benefits, and Key Features
Registering your business enterprise brings taxation perks, greater credibility, and quicker access to capital to scale operations. Entrepreneurs in India are gravitating towards the preferred LLP business structure to enjoy the flexibility of a partnership, while availing limited liability protection. This unique business structure offers several perks while limiting liability of individual partners, offering
The introduction of the internet has transformed the way businesses operate. With consumers opting for convenience, traditional physical stores are either being replaced by digital stores or are selling goods and services online. By moving their operations online, businesses are reaching audiences across the world more efficiently. In this digital landscape, two fundamental concepts
Companies require access to capital to fund various business operations, undertake new projects, and invest in growth. While many companies may issue shares to the public to raise capital, this option may not be feasible for newly established ventures. In such cases, these companies often resort to issuing debentures instead. This article outlines what
The Pradhan Mantri Mudra Yojana (PMMY) has played a crucial role in supporting small businesses and encouraging entrepreneurship across India. In fact, the latest update on PMMY highlights positive progress in reducing non-performing assets (NPAs) on Mudra loans. As announced by Finance Minister Nirmala Sitharaman, mudra loan NPA dropped to 3.4% for public sector
