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 […]
Every citizen of India is liable to have a specific set of documents that are utilised in day-to-day life activities, as well as evidence of individual identification. An important constituent of these documents is the PAN (Permanent Account Number) card, or PAN card. It is one of the most crucial identity and financial documents
Quick Steps to Apply for a PAN Card Online in India – A Complete Guide
PAN (Permanent Account Number) is a unique10-digit alphanumeric code issued by the income tax department through which crucial information regarding an individual’s tax-paying abilities and income status can be tracked. PAN card is valid for a lifetime and is majorly assigned to those paying taxes. The IT department maintains a record of the same
The Covid – 19 pandemics-related lockdown inflicted tremendous financial stress on our economy and affected the income of the common man. Understanding the anxiety of loan borrowers, during this period, RBI offered loan moratorium interest waiver facility to aggrieved borrowers. The loan moratorium interest waiver, a type of government loan relief, implies the borrower
If you are running a Small or Medium Enterprise (SME) in India, staying competitive often means investing in new technology, modern machinery, or upgraded processes. However, for many entrepreneurs, the cost of such upgrades can be a major hurdle. That’s where the CLCSS scheme, short for the Credit-Linked Capital Subsidy Scheme, comes into play.
NABARD Schemes: NABARD Loan, Subsidy, Refinance & Rural Development Guide
NABARD was established in 1982 to strengthen NABARD rural development and improve access to finance in agriculture and allied sectors. Through multiple NABARD schemes, the institution provides structured financial support in the form of NABARD loan, subsidy benefits, and NABARD refinance facilities to banks and financial institutions. Established in 1982 during the early years
Recently the government announced several changes in TDS rates applicable from May 14, 2020. TDS rates for non-salaried payments have now been reduced by 25%. Changes have been announced in TDS rates for other income and payment items as well. Taxes deducted at source (TDS) and taxes collected at source (TCS) are meaningful terms
