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 […]
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
What is EPF Balance and Why is it Important? The Employee Provident Fund (EPF) is a government-managed retirement savings scheme regulated by the Employees’ Provident Fund Organisation (EPFO). Under this scheme, both employees and employers contribute a fixed percentage of the employee’s basic salary every month. The accumulated amount, along with interest, is provided
India’s economic backbone is not just large corporations; it is millions of small businesses working quietly across towns, villages, and cities. From local food processing units to handicraft makers and small manufacturing workshops, small scale industries in India form a vital part of the country’s industrial ecosystem. So, what is small scale industries in
The Previous Taxation System Before the introduction of the GST tax system and GST registration, the Union and the states calculated and levied taxes based on numerous stages of taxation on a product or commodity, under their laid-out systems and laws. For every junction of the economic environment, different goods and services were put
As a citizen of India, having the proper documents and identification is vital. These documents and other subsequent cards are essential for a multitude of purposes. From opening a bank account, getting ration to even getting a job, having the right identification and documents serve a crucial role in the lives of every citizen.
Starting a business set up requires much paperwork and digital documentation. You may already have a business enterprise and facing issues due to lack of documentation. Or you may be on your way to starting your business enterprise. At Lendingkart, we help business setups to source the right kind of loan suited for them.
