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 […]
If you own a Micro, Small, or Medium Enterprise in India, getting your MSME Udyam registration is one of the smartest decisions you can make for your business. Introduced in July 2020, the Udyam Registration MSME system has revolutionised how small businesses access government benefits, loans, subsidies, and growth opportunities. Whether you’re running a
Micro, Small, and Medium Enterprises (MSMEs) are the backbone of India’s economy. However, one of the biggest challenges they face is accessing timely finance. Traditionally, applying for loans involved lengthy paperwork, multiple visits to banks, and slow approvals. But with the introduction of digital onboarding tools, the MSME loan application process has become faster,
India’s traditional artisans and craftspeople form the backbone of our cultural heritage. From the skilled hands of carpenters and blacksmiths to the creative minds of potters and sculptors, these workers have been shaping our nation’s identity for generations. However, many face challenges in accessing financial support and modern tools to grow their businesses. That’s
Subsidy The term subsidy refers to financial assistance in the form of discounts or monetary grants provided by the Central government to public entities or private institutions. In simple terms, subsidy meaning refers to financial support given by the government to reduce the cost of goods and services for the public. The objective of
Lendingkart Instant Business Loans Business loans for startups are a difficult thing to achieve. For existing businesses, the story is different. A business can apply for a working capital loan based on its age and turnover. Banks have been the usual go-to option for people and businesses for getting financial aid. Alternative digital lenders
NIC code, short for the National Industrial Classification Code, is a unique identification number assigned to different industries in a country. This classification code is crucial in determining your business type, including the main and sub-sector your company comes under. As of now, the NIC code list has 21 main divisions ranging from A
