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 […]
Introduction Small-scale industries are amongst the most important industries in India as most of the industries are of a small-scale nature and hence a huge chunk of India’s income is derived from small-scale industries. Further, small-scale industries are practicable and significant because most people cannot invest huge amounts of money if they are willing
What is HSN? The Harmonized System of Nomenclature or HSN has been developed by the WCO or World Customs Organization for giving a code to the various goods around the globe in a proper manner for a taxation system for finding different types of products. HSN has more than five thousand different products, and
Overview: Among the many initiatives launched by the Government of India in the recent past has been the unique Stand Up India Scheme aimed at boosting the entrepreneurial capabilities of the not so privileged which covers the SC/St and women. This flagship endeavor of the Government launched in April 2016 is anchored by the
Pradhan Mantri Jan Aushadhi Kendra – Benefits, and Application Process
In developing countries such as India, healthcare services have not yet reached a universal scale. Millions of people are still left out of the health care safety net and this is mainly visible in rural areas. The primary reason is the unavailability of quality medicine at an economical cost. Branded medicines and other medical
A current account allows individuals, professionals, and businesses to conduct a variety of everyday monetary activities. The account can be opened and administered by a single person, a group of people, or a company. In comparison to Savings Accounts, Current Accounts pay no interest and have a greater minimum account balance requirement. Current accounts
Latest News Loan Moratorium? Over 19 Crore Borrowers Benefited from the COVID 19 Loan Moratorium, Finance Ministry Announced The loan moratorium extension that extended for six months, from March 1 to August 31 in 2020, cost the government 6,474 crores. It benefited over 19 crores of borrowers across the country, the Ministry of Finance
