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 popular business adage “You need to spend money to make money” is being challenged of late with the leaps and bounds of progress in technology. Businesses, especially small and medium enterprises, are finding new ways to challenge existing conventions in marketing and promotions. Dozens of cheap, even free methods are available today to
What is Udyogini Scheme? One of the primary concerns of the government is to empower the women of India and make them Aatmanirbhar. Keeping the welfare of women in mind, the Government of India has launched various initiatives and assisted in their development in all spheres of life. Udyogini scheme is one such scheme
Women entrepreneurs are making a significant contribution to India’s economy by creating jobs, supporting local communities, and driving the growth of small businesses across sectors. However, access to finance remains a major hurdle, with many women facing challenges such as limited collateral, lack of credit history, and restricted access to formal lending. To address
When we talk about inclusive growth, one of the most important objectives is to bring historically disadvantaged communities into the mainstream economy. The Scheduled Caste (SC) population in India has faced structural barriers in education, employment, entrepreneurship, and access to credit. Recognising this, the government established the National Scheduled Castes Finance and Development Corporation
About Coir Udyami Yojana (CUY) The Coir Udyami Yojana provides welfare activities towards raw-material utilization, trade-related services, training and development of skill, creates entrepreneurship and employment opportunities and development, upbringing, and growth of domestic and export markets and much more. The Components under this scheme are: DPI – Development of Production Infrastructure Welfare Measure
Bank Credit Facilitation Scheme In an effort to aid micro, small and medium enterprises or MSME units, the National Small Industries Corporation has entered into a Memorandum of Understanding with a number of Private Sectors and Nationalized Banks. Through these banks, the NSIC aid MSMEs in getting the necessary credit support from the banks.
