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 […]
Company management and financial professionals use various types of business turnover ratios to gauge the fiscal health of the company. The meaning of business turnover pertains to the sales generated by a company during a specific period or the rate at which an asset (inventory or labour) is replaced or used. Simply put, understanding
Every registered business and taxpayer is required to pay their taxes after setting off their Input Tax Credit (ITC). The person must furnish his/her taxes every month and make the payment before the 20th. The payment of GST can also be done online and hence, is a sustained and constructive experience too. Payment Rules:
As the e-commerce industry grows exponentially, businesses today have more options than ever to expand their reach, boost their visibility, and increase their profits. Among the most prominent online marketplaces, Amazon and Flipkart have become go-to platforms for e-commerce sellers across India. Whether you’re a small business owner looking to expand your operations or
Micro, Small, and Medium Enterprises (MSMEs) play a pivotal role in the vibrant Indian economy. And rightfully so, as they contribute significantly to the national GDP while creating millions of jobs in the metros as well as the heartland of the country. However, many MSMEs have to face hurdles in securing capital that is
Business expansion is a crucial way to grow your enterprise. But funding expansion and growth strategies requires substantial funds. That’s why most business owners turn to long-term business loans. A long-term business loan is a type of debt financing option that can be repaid over an extended period of time. Such loans come with
An e-mandate offers a simplified approach to recurring payments. An e-mandate is an electronic authorization granted by a customer to their bank or financial institution, allowing for automatic debits from their account at regular intervals. This method eliminates the need for manual intervention, making payment processes coherent and efficient for businesses and consumers alike.
