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 India-UK FTA (Free Trade Agreement) opens up a new growth horizon for small textile makers by removing the 12% import duty on clothing shipments, effective July 15, 2026. This gives local workshops zero-duty access to British retail stores, putting them on equal footing with much larger global textile exporters. Removing that tariff barrier
Government’s New MSME Manufacturing Policy: Key Changes and Impact on Small Businesses
The government’s new MSME manufacturing policy, launched in 2026, strengthens small businesses by offering a ₹10,000 crore growth fund, increasing collateral-free loan limits to ₹10 crore, and solving delayed payments. These new rules help manufacturing units upgrade their technology and get funds without any complex paperwork. This strategic step turns local factories into globally
ITR-V, or Income Tax Return-Verification, is the one-page acknowledgement the tax department generates after you file your return online without a digital signature. You download your Income Tax Acknowledgement from the e-filing portal, open it with a password made of your PAN and date of birth, and then verify it within 30 days. Miss
An Annual Information Statement (AIS) is a consolidated financial statement from the Income Tax Department that tracks your investments, high-value transactions, foreign remittances, and tax deductions across a financial year. It pulls this data from banks, employers, and other reporting entities, giving you one place to check everything before you file. Reviewing your AIS
The Udyam Assist Platform (UAP) is a government initiative that formally registers informal micro-enterprises that don’t have a GSTIN or business PAN, giving them access to institutional credit for the first time. It works through banks and lending institutions rather than direct self-registration, and it exists to close a long-standing credit gap for India’s
NSIC registration is a government certification that helps micro and small businesses win government contracts without paying heavy tender fees or upfront security deposits. It serves as official confirmation of your production and service capabilities, connecting your small business directly to government buying channels. With this certificate, a small manufacturer can compete for the
