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 […]
In recent years, government procurement in India has undergone a major transformation with the introduction of the GeM portal. Designed to bring transparency, efficiency, and accessibility, the platform enables businesses, especially MSMEs, to directly connect with government departments, PSUs, and ministries. Earlier, selling to the government involved complex paperwork, middlemen, and long approval cycles.
Starting a business does not always require a large investment. With ₹50,000, you can launch several profitable ventures ranging from online services and freelancing to food, retail, and home-based businesses. Many successful entrepreneurs started with limited capital and gradually expanded their operations over time. According to the Ministry of MSME, micro, small, and medium
Running a business means facing many situations that would lead to a move, business expansion, an update in contact information, or growth of your revenue over a period of time. Any time that you have changes to your business information, make sure to keep your Udyam registration updated. There are many entrepreneurs who think
As part of the ever-growing medical domain, doctors must always have the best technology to offer patients the best care possible. Besides the latest equipment, doctors running private practices require funds to meet everyday expenses, upgrade facilities, and expand. Negligence due to lack of funds can cost patients. Medical professionals can turn to MSME
Delayed payments have long been one of the biggest challenges faced by India’s micro and small businesses. When payments are held up for months, MSMEs often struggle with cash flow shortages, delayed expansion plans, and difficulties in meeting operational expenses. To address this issue, the government introduced Section 43B(h) through the Finance Act, 2023.
If you own a Micro, Small, or Medium Enterprise in India, getting your MSME Udyam registration is one of the smartest decisions you can make for your business. Introduced in July 2020, the Udyam Registration MSME system has revolutionised how small businesses access government benefits, loans, subsidies, and growth opportunities. Whether you’re running a
