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 […]
Micro, small, and medium enterprises (MSMEs) have emerged as a leading contributor to the country’s economic growth. These enterprises have brought the country’s vision for economic growth to reality, and banks and governments have also realised their importance. Over the years, many schemes have been introduced to promote the growth of MSMEs. Let’s delve
Irrespective of the kind of business you have, if you are an Indian entrepreneur, you have to pay a tax levied on goods and services, the GST or Goods and Services Tax. For business owners, the GST is applied to goods and services supplied to customers. All goods and services that fall within the
The last few years have witnessed how the contribution of Micro, Small, and Medium Enterprises (MSMEs) in India has grown tremendously. Contributing a substantial 30% of the country’s GDP they generate thousands of job opportunities every year. This way, they have revived the rural and urban ecosystems across the country. To further strengthen and
Buy Now Pay Later has gradually become the face of modern transactions. By the year 2024, BNPL has marked a pivotal presence in the global markets. While it was at a nascent stage in 2021 with just 9% BNPL transactions globally, the numbers are expected to reach 24% by 2026. From small to medium
Mumbai is one of the most popular, richest, and captivating cities in India. The entrepreneurial spirit of the city has been alive since colonial times and will definitely continue to be so! Whether it is about the popping up of a new start-up every other day or business opportunities in Mumbai, undoubtedly the city
Working capital is the lifeblood of any business; without it, meeting day-to-day obligations can get very challenging. Many businesses, especially micro, small and medium-sized enterprises (MSMEs) routinely face working capital shortages despite proper financial planning. Such disruptions may make it extremely hard for them to sustain their business operations. In such scenarios, WCDL can
