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 […]
GST stands for Goods and Service Tax. Indirect taxes like the value-added tax, service tax, purchase tax, excise duty, and others were replaced by this one, which is an indirect tax. When specific products and services are purchased and sold in India, a tax known as GST is levied. Everybody in India must pay
What is GST? GST, or Goods and Services Tax, is a value-added tax levied on the supply of goods and services in India. It has replaced multiple indirect taxes like VAT, service tax, and excise duty. GST is designed to streamline the taxation system, making it more efficient and reducing the cascading effect of
National Portal For Credit Linked Government Schemes On June 06, 2022, Prime Minister Mr. Narendra Modi announced the launch of ‘The Jan Samarth Platform. The PM took to Twitter to address the launch of the new initiative. As outlined in a statement by the Prime Minister’s Office on Twitter, the Jan Samarth Platform is
The RoDTEP scheme is a newly designed plan initiated by the Indian Government to better assist exporters. RoDTEP full form is Remission of Duties and Taxes on Exported Products. On January 1, 2021, the day it was first officially confirmed in the press, this plan replaced the pre-existing MEIS scheme. The MEIS full form
A venture capital fund is a pooled investment tool that provides high-risk financing to start-up and early-stage companies with exceptional growth potential in exchange for equity ownership. Understanding what is venture capital fund, including its types (seed, early-stage, expansion, and mezzanine capital) and its role in providing not just capital but strategic guidance, is
The global economy, and particularly the economies of developing nations, have been significantly reinforced by the growth of Micro, Small, and Medium Enterprises (MSMEs). These organisations have become amazingly vibrant and increasingly flexible, acting as the engine of the Indian economy. To formalise this sector, the government introduced the Udyog Aadhaar (MSME Udyog Aadhaar),
