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 […]
It is without a doubt that nowadays, the brands being seen on international markets are also seen on the local side of Indian streets. The simple and easy reason for this is the franchise being available in these chains. International brands are using Franchise Business to expand their market share in India. All of
Dishonoured Cheque – What does it mean Cheque is an instrument which indicates the right to get paid for the value of the cheque. Unlike other terminologies, dishonoured meaning in banking is pretty straight forward. It means that the obligation of payment could not be met, and the bank will not release the payment
How to Get a Pollution Certificate/License for business in India?
A pollution license/certificate is written official consent from the State Pollution Control Board to establish or operate any business that has the potential of generating pollutants or ‘trade effluents.’ What are trade effluents? Required consent certificates for Pollution license: Consent to Establish: Prior to the commencement of activities of starting the business, like construction,
Credit cards have completely transformed the way Indians make payments. However, many remain unaware of how their credit card bill payment habits affect their credit scores. Quite a few credit card holders, even today, simply resort to just paying the minimum payment to avoid penalties. While this might be okay during emergencies, continuing this
Although electronic money transfers are becoming more mainstream, many businesses and individuals still rely on cheques to make payments. Among the various types of cheques, an account payee cheque is among the most commonly used options for financial transactions. An a/c payee cheque reduces the risk of fraud or misuse by ensuring that the
Despite electronic fund transfers gaining massive traction in recent years, cheques continue to be a popular instrument for B2B payments and high-value transactions. However, a simple signature mismatch or a miscalculation of account balance can turn a routine payment into a legal nightmare. Exercising caution when issuing cheques is important to avoid the risk
