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 […]
The Income tax department introduced the PAN (Personal Account Number) as a system for uniquely identifying and storing the records of income taxpayers. The PAN number is alphanumeric and has a unique combination of alphabets and numbers that are unique for each individual. The alphabets denote important details ever since its inception in 1972
Pradhan Mantri Rozgar Yojna (PMRY) The Pradhan Mantri Rozgar Yojna is a scheme that was first launched in the year 1993. This is an initiative taken by the Indian Government with the aim of providing opportunities for self – employment. The target demographic of the scheme are the educated unemployed youths of the country.Read
To determine the profitability of one’s business, it is important to calculate the break-even point. The Break-even point is the point where your total expenses match the total revenue, a point without any profit or loss, i.e. break-even. To put it in layman’s terms, the point where you finally recover all the capital costs
DEDS scheme The government of India, intending to establish small dairy farms and related components in the sector, started Venture Capital Fund Scheme in December 2004. The scheme was launched with ₹25 crore corpus. Since the financial year 2008-09, the programme was fragmented in two separate parts: From June 2010 onwards, the Dairy Venture
Most senior citizens nowadays are interested in making money even after their retirement. For some, it might be just a way to kill their leisure time and stay active and lively through their old age. But not everyone has the same scenario. Many older people suffer from financial instability after they retire. They have
VAT or Value Added Tax is a kind of tax that is charged on the sale of goods and services to the ultimate consumers, and it is charged by the Central Government. VAT is a tax that is paid by the producers or manufacturers of the goods and services by levying it on the
