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 […]
Maintaining a healthy balance between fixed capital and working capital is crucial for the success and growth of any business. Fixed capital is the long-term assets or investments required to establish and operate a business. On the other hand, working capital encompasses the liquid assets needed for day-to-day operations. Understanding the difference between fixed
Introduction Back in the day, sending money to a friend or family member did not happen at the snap of a finger like it does today. It involved sending money orders and waiting for a few business days for the payments to be cleared. However, with the advent of digital solutions like National Electronic
Starting a business in India is both exciting and challenging. While the government’s Startup India initiative provides support through tax incentives, simplified compliance, and IPR fast-tracking, securing funding remains crucial. Entrepreneurs need to know and understand the different ways to raise capital for a company. Establishing a solid business strategy and understanding funding requirements
Barcodes are vertical lines that are etched on a product which can then be scanned electronically to enable identifying and locating each product with the help of details mentioned on it. These details include product number, batch number, serial number, and additional identification marks. Due to the increase in industrialisation, this process has become
Definition of Business Loan Transfer The loan/debt transfer is the procedure that takes an existing loan transfer from one bank to another. Most times, this is to avail improved terms, such as low interest rates, suitable repayment, or the general terms and conditions. Often, a transfer may encompass a consolidation of several loans into
In India, managing tax obligations is a crucial responsibility for every citizen. With over 7 crore tax filers in 2024, understanding how to pay taxes correctly is essential. The government collects taxes through three main methods- Tax Deducted at Source (TDS) or Tax Collected at Source (TCS), advance tax, and self-assessment tax. Here we
