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 […]
Gone are the days when you had to approach banking institutions and NBFCs for loans and credit facilities. With the introduction of technology in finance, the landscape has evolved rapidly. One of the most disruptive innovations in recent times in this area has been P2P lending. Of late, P2P loans have been gaining popularity
Micro, small and medium enterprises (MSMEs) are the backbone of the Indian economy. These entities contribute a significant percentage of the nation’s GDP. However, for a long time, they were unable to fully realise their potential due to a lack of funding options. Fortunately, banks, financial institutions and even the government of India have
A consistent flow of working capital is necessary to ensure smooth day-to-day operations, optimum liquidity, and seize growth opportunities. Working capital is essential in meeting outflow requirements like salaries, wages, raw material costs, utilities, etc. A deficit in working capital requirements can stall production, leading to business stagnation. To avoid this, companies can opt
The Goods and Services Tax (GST) framework simplifies the entire indirect taxation system of India. It even introduced a unique composition scheme that enables small taxpayers to reduce their liability and compliance burden. Individuals and businesses with annual turnovers of less than Rs. 1.5 crore (Rs. 75 lakh for special category states) can opt
Introduction Micro, Small, and Medium Enterprises (MSMEs) are the backbone of India’s economy, contributing nearly 30% to the GDP and employing over 110 million people. However, a key challenge MSMEs face is accessing larger, stable markets, particularly those driven by government procurement. That’s where the Government e-Marketplace comes into play. Launched in 2016, the
It is rare to walk in an Indian neighbourhood and not find a kirana shop that caters to the entire resident community. Often overlooked in usual discussions of the vast Indian economy, these small businesses play a vital role, providing essential goods and encouraging local commerce. However, running a kirana store presents various challenges,
