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 […]
Pradhan Mantri Rozgar Yojna (PMRY) The Pradhan Mantri Rozgar Yojna is a scheme that was first launched in the year 1993. This is an initiative taken by the Indian Government with the aim of providing opportunities for self – employment. The target demographic of the scheme are the educated unemployed youths of the country.Read
DEDS scheme The government of India, intending to establish small dairy farms and related components in the sector, started Venture Capital Fund Scheme in December 2004. The scheme was launched with ₹25 crore corpus. Since the financial year 2008-09, the programme was fragmented in two separate parts: From June 2010 onwards, the Dairy Venture
A business is expected to have an existing standard credit relationship with a bank/NBFC for availing a GECL loan, as GECL is a top-up over an existing relationship. It allows access to an extra credit facility equal to a percentage of the existing/peak working capital. This facility is offered at reduced interest rates (capped)
In today’s dynamic business landscape, access to finance is the lifeline of small businesses, startups, and MSMEs. Entrepreneurs often rely on either government support or institutional credit, but the smartest approach is to combine grant and loan resources strategically. Blending government grants with NBFC financing can offer an optimal solution for businesses that need
Many micro, small and medium enterprises (MSMEs) find it challenging to gain access to unsecured SME loans or other credit facilities in India. This gap in funding often prevents viable MSMEs from growing and realising their full potential. To ensure that small businesses do not face any issues with respect to funding, the Government
Mudra Loan For Small Business Small businesses usually find it difficult to acquire the capital necessary for their growth and development. Since they generally don’t possess any major assets that can be pledged, obtaining business loans without collateral is often the only way to gain access to capital. That said, the reality is that
