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 […]
With the Supreme Court’s verdict, it is now mandatory to link Aadhaar card with Permanent Account Number (PAN) card to file and process Income Tax Returns (ITR), to apply for a new PAN card and to avail several subsidies from both the State and the Central Governments. This stands the same in the cases
When setting up a business or a start-up, most people would imagine that all that is needed is money, aim, and sufficient employees. But no amount of money, people, and ideas will be sufficient if you do not poses the right skill set to execute the plans and ideas as it can be intimidating
What is a Cheque? In India, a cheque is a financial instrument that allows one party to instruct their bank to transfer a specific sum of money to another individual or entity. Covered under the Negotiable Instruments Act, of 1881, it is recognised as a legally binding bill of exchange. To understand this payment
Coronavirus is a highly contagious disease that has spread globally, affecting the lives, professions, economy, and lifestyle of everyone. This has generated an uncertainty of life and an immense loss of movement, earnings, and jobs impacting the economy of almost every country in the world. In this situation of contingency and emergency where things
What is the Income Tax? A tax on income is a type of charge the Government is authorized to impose on the annual income of businesses and individuals. Taxpayers are bound by the law to file annual tax returns to ascertain their tax obligations. Tax obligation is usually proportionate to the income of an
Cash credit is a short-term business loan. It is meant for entrepreneurs wanting to get quick working capital. An overdraft facility, on the other hand, is long-term financial assistance. It lets you withdraw money from your account even with a zero balance. Both are generally referred to as credit facilities banks or lenders offer
