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 […]
Small businesses often face financial uncertainties and may need quick access to funds to address them. An overdraft facility can be a useful ally in such situations. It acts as a financial cushion that allows you to withdraw more money than your current account balance. Let’s further explore the overdraft facility, understand its features,
What is working capital? – It is the cash or cash equivalent in the business which can help fulfil the short term capital requirement for operational activities or to ensure business as usual. What is Working capital and why is it important? As highlighted earlier, it is the cash or cash equivalent that helps
Loans are a valuable source of financial support for individuals looking to fill funding gaps in their businesses and grow their ventures. While securing a business loan is quite simple today, self-employed individuals still face several challenges when it comes to obtaining a business loan for the self-employed. From freelancers and independent contractors looking
MSME stands for Micro, Small, and Medium Enterprises. India is a hub of MSME start-ups and in the year 2021-22, the contribution of MSME in the country’s GDP was around 30% which is a huge number. This is the reason why MSME is often termed as the backbone of the country’s economy. Adequate funding
Expansion and growth are the two cornerstones of any business venture. To effectively expand and grow, businesses have to invest in projects, however, not all projects are equally rewarding. Capital budgeting is an accounting principle used by companies to decide which projects are most profitable. Analysis of projected cash inflows and outflows guides stakeholders
The startup ecosystem in India is going through a bullish run. The country is witnessing a surge in the number of entrepreneurs, with many new-age companies coming up with unique propositions to solve a plethora of problems and issues. However, one of the major challenges that startups deal with is securing adequate capital to
