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 […]
Example of Securitization Securitization is a process of pooling together multiple liquid assets and turning them into securities. These securities are then sold out in the secondary marketplaces where investors can invest in them. Sounds confusing? Here is an example to help you better understand how securitization works: A bank named New Bank is
The unorganised food processing sector in India faced a myriad of problems. This sector remains weak due to challenges like lack of productivity and innovation due to limited skills, lack of branding and marketing skills, inability to integrate with supply chains, and capital deficiency. While the food processing sector comprises over 25 Lakh units,
The Goods and Services Tax (GST) transformed India’s indirect taxation system by unifying multiple state and central taxes, such as service tax, VAT, excise duty, octroi and entry tax. By consolidating various taxes into a single structure, GST has made tax revenue collection and compliance easier and a lot more seamless. One of the
Two of the most widely used financial instruments in India are cheques and demand drafts. Although the primary purpose of these two instruments is the same, which is for making payments, they are quite different from one another. Understanding the differences between these two payment instruments can help you choose the right option for
Protecting your personal information in the digital era has become crucial, especially with the rising cases of data breaches and fraud. Aadhaar card is one of the most important identity verification documents in India. Whether you want to open a bank account or acquire a new SIM card, you will need your Aadhaar card
India’s payment landscape has undergone a major transformation, with cash transactions declining rapidly. The rise of UPI, credit cards and debit cards has pushed individuals and business entities to make financial transactions through official banking channels, bypassing cash entirely. If you are someone who makes non-cash payments regularly, you must know how to track
