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 PLI auto scheme is a transformative government initiative offering financial incentives worth ₹25,938 crores to boost the manufacturing of advanced automotive technology, electric vehicles, and hydrogen-fueled vehicles in India. Launched in 2020 as part of Make in India auto incentives, the PLI scheme 2025 India continues to attract both existing manufacturers and new
The job of a loan agent in India is to assist customers in obtaining a loan when they need one. They connect you with a lender, handle the initial process, and oversee the crucial components of a money loan. They also gather and verify documents to assure their legitimacy. In the further sections, we
Business loans are one of the most sought-after financial instruments that business owners use to keep the cash flow in the business. For convenience, Business owners are looking for the easiest ways to get their loan approved and want the procedure to be easier. In such situations, DSA agents or Direct Selling Agents are
Introduction eKYC abbreviation stands for Electronic Know Your Customer. It is a system used to identify and register users by gathering personal and professional information. It is an extension of the traditional KYC procedure. The main difference between the two is that eKYC can be processed online and is a much easier option for
What is Corporate CIBIL Score? A Company credit score is a valuable credit rating score that is required by banks and NBFC (Non-Banking Finance Company). Most companies require credit for startups as well as for regular working capital management. Companies offering credit and business loans, in Significance of Business CIBIL Score turn, ask for
The full form of GST is Goods and Services Tax. It is an indirect tax reform implemented in India to replace multiple taxes like VAT, service tax, etc., with a single tax structure. What does GST mean? The GST corporation aims to simplify the tax system, reduce tax evasion, and create a common market
