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 […]
Example of Securitization Securitization is a process of pooling together multiple liquid assets and turning them into securities. These securities are then sold out in the secondary marketplaces where investors can invest in them. Sounds confusing? Here is an example to help you better understand how securitization works: A bank named New Bank is
All taxpayers in India, are mandatorily required to furnish their Permanent Account Number (PAN). So, it is compulsory to obtain a PAN card because it should be necessarily quoted in all communications with the Income Tax Department. What is a PAN Card? The income tax department of India issues a laminated card which states
Minimum CIBIL Score for Business Loan Businesses require huge amounts of money. Risk-taking entrepreneurs stake their lives and careers on the line to start companies. These businesses and the job opportunities they introduce to the economy are part of the economic lifecycle. Loans fuel such businesses and good loans with attractive interest rates enable
Aadhar Card Aadhaar is a 12-digit unique identification number issued by the Unique Identification Authority of India (UIDAI). Applicants can track Aadhaar enrolment status, update requests, PVC card orders, and delivery status through UIDAI’s official services. The methods explained below are based on the latest UIDAI processes. There could be many glitches while applying
Aadhar Card – Overview Aadhar means ‘foundation’. The base, logo, and brand name for Aadhar Card was inaugurated in April 2010 by Mr. Nandan Nilekani, who was then the chairman of UIDAI – The Unique Identification Authority of India. Mr. Pankaj Kumar is the CEO of UIDAI. Ranjana Sona wane from Nandurbar district of
About Aadhaar Card Aadhaar card is one of the most integral identity, age, and address proof issued by UIDAI – Unique Identification Authority of India and can be asked as an important KYC document for several purposes. It signifies vital information of an Indian citizen which includes the full name of the person, address,
