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 […]
As a part of the business world, it is possible to come across several abbreviations daily. Many of them are easy to understand and learn about, but some might be confusing for some. However, if you are a part of the hiring world dealing with appraisals and roles, then KPI and KRA are the
NBFCs are regulated by the Reserve Bank Of India (RBI) and the Securities and Exchange Board of India (SEBI) in India. NBFCs are essential as they fulfill the financial needs of individuals and businesses. They play a crucial role in the financial sector. They help in the loan process. Understanding the types of NBFCs
A robust entrepreneurial culture and ecosystem is a driver of economic growth as it has a positive trickle down impact on employment, ancillary businesses, exports, and domestic trade. India, armed with a young and productive population, presents several opportunities of business under 1 lakh. This favors entrepreneurs who want to start something of their
MSME is one of the most popular initiatives by the government of India. The act was launched back in 2006 as the MSME Development Act. In the year 2020, the act was revised and the new revisions came into effect from 1st July 2020. A business can apply for MSME certificate online on the
Step up under the Ministry of Health and Family Welfare, Government of India, the FSSAI or the Food Safety and Standards Authority is an autonomous body established under the Food Safety and Standards Act of 2006. The FSSAI is responsible for promoting and protecting public health by implementing and supervision and regulating food safety
When laptops and smartphones are assembled in China, cars are designed in Germany, and FOREX remittances flow through Singapore, it becomes clear that business is no longer confined by borders. The seamless movement of goods, services, and capital has transformed the world into a tightly connected ecosystem of consumers and organisations. The concept of
