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 […]
Introduction to GST Reform 2025 and MSME Lending The GST reforms 2025 suggested in the 56th GST Council meeting are designed to reduce your compliance burden and enhance the ease of doing business significantly. The primary focal points of the GST 2.0 reforms are simplification and automation. From rate rationalisation to faster registrations and
Buy Now Pay Later (BNPL) is a unique payment method that has been rapidly gaining popularity over the years. Although BNPL payment solutions were used primarily by individual consumers, they have now expanded to small and medium enterprises (SMEs) as well. The increasing pressure to maintain liquidity and meet operational demands is making SMEs
Micro, small and medium enterprises (MSMEs) are the backbone of the Indian economy. These entities contribute a significant percentage of the nation’s GDP. However, for a long time, they were unable to fully realise their potential due to a lack of funding options. Fortunately, banks, financial institutions and even the government of India have
Introduction Micro, Small, and Medium Enterprises (MSMEs) are the backbone of India’s economy, contributing nearly 30% to the GDP and employing over 110 million people. However, a key challenge MSMEs face is accessing larger, stable markets, particularly those driven by government procurement. That’s where the Government e-Marketplace comes into play. Launched in 2016, the
Micro, small, and medium enterprises (MSMEs) have emerged as a leading contributor to the country’s economic growth. These enterprises have brought the country’s vision for economic growth to reality, and banks and governments have also realised their importance. Over the years, many schemes have been introduced to promote the growth of MSMEs. Let’s delve
The last few years have witnessed how the contribution of Micro, Small, and Medium Enterprises (MSMEs) in India has grown tremendously. Contributing a substantial 30% of the country’s GDP they generate thousands of job opportunities every year. This way, they have revived the rural and urban ecosystems across the country. To further strengthen and
