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 […]
The Government of India has introduced the ZED (Zero Defect Zero Effect) Certification Scheme to accelerate the growth and global competitiveness of MSMEs. This visionary initiative enables small and medium-sized enterprises to adopt world-class standards in quality, productivity, and environmental sustainability, aligning with India’s mission to build a self-reliant and resilient economy. Through the
Introduction The Ministry of Micro, Small and Medium Enterprises, Government of India, initiated the ISO certification reimbursement scheme so that MSMEs acquire globally accepted ISO certification standards. This MSME ISO certification scheme provides financial reimbursement for costs associated with acquiring such certifications. Through its ability to help MSMEs meet international quality and environmental requirements,
Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a leading scheme under MSDE – Ministry of Skill Development & Entrepreneurship which is executed by NSDC (National Skill Development Corporation). It aims to provide industry-level skill training to many youth of the country to help secure a better living and to assess and certify their learning
The Government of India, with a mission to promote a culture of innovation and entrepreneurship in India, started Atal Innovation Mission (AIM). National Institution of Transforming India or NITI Aayog was entrusted with the task of setting up AIM with an initial sum of ₹150 crores. The objective was to provide a platform for
India’s startup ecosystem is expanding rapidly, but securing reliable funding continues to be an obstacle for many early-stage companies, especially those without assets to pledge. To bridge this gap, the Government of India launched the Credit Guarantee Scheme for Startups (CGSS) under the larger Startup India initiative. The Startup Credit Guarantee Scheme is designed
Micro, Small and Medium Enterprises (MSMEs) play a vital role in India’s economic growth, contributing significantly to GDP, exports, and employment. However, access to affordable finance continues to be one of the biggest challenges for small businesses. To bridge this gap, the Ministry of Micro, Small and Medium Enterprises and other government bodies have
