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 […]
People are often surprised when they are asked for a cancelled cheque while applying for a loan, opening a Demat account, or for an auto-debit mandate. At first glance, it may seem superfluous. After all, what’s the good of the cheque if it’s cancelled? The answer is that it’s a simple and reliable way
Coronavirus is a highly contagious disease that has spread globally, affecting the lives, professions, economy, and lifestyle of everyone. This has generated an uncertainty of life and an immense loss of movement, earnings, and jobs impacting the economy of almost every country in the world. In this situation of contingency and emergency where things
What is the Income Tax? A tax on income is a type of charge the Government is authorized to impose on the annual income of businesses and individuals. Taxpayers are bound by the law to file annual tax returns to ascertain their tax obligations. Tax obligation is usually proportionate to the income of an
Cash credit is a short-term business loan. It is meant for entrepreneurs wanting to get quick working capital. An overdraft facility, on the other hand, is long-term financial assistance. It lets you withdraw money from your account even with a zero balance. Both are generally referred to as credit facilities banks or lenders offer
In the past, applying for a Permanent Account Number (PAN) was a tedious process involving physical forms and weeks of waiting. Today, the Income Tax Department has revolutionised this with a facility where you can complete your PAN card apply process instantly using your Aadhaar. This is an absolutely free facility available to anyone
Every February, India awaits the Union Budget, which is a comprehensive financial blueprint that shapes the nation’s economic trajectory for the coming fiscal year. Understanding the budget highlights is crucial for businesses, investors, and citizens alike, as these policy decisions directly impact taxation, infrastructure development, and sectoral growth. On February 1, 2024, Union Finance
