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 […]
6.2% Industrial Growth vs. 3.8% Agriculture: Why Manufacturing Offers Better MSME Returns
For decades, agriculture formed the backbone of India’s economy. It supported millions of livelihoods, ensured food security, and shaped the country’s social and economic framework. Today, that foundation is being reshaped. As India GDP growth moves into a more competitive phase, the economy is steadily shifting toward sectors with higher momentum. Recent figures underline
What MSMEs Can Learn from ET SME Summit Vadodara: Building Partnerships for the Next Growth Phase
India’s MSME sector plays a vital role in driving employment, innovation, and industrial growth. However, as markets evolve and competition increases, small businesses must constantly adapt to new challenges and opportunities. The Economic Times Make in India SME Regional Summit – Vadodara highlighted many of these evolving trends. Held on February 20 in Vadodara,
CKYC is a government-backed system in India that allows your identity details to be stored in a single secure database for use across banks and financial institutions. Once your CKYC registration is completed, you receive a unique 14-digit CKYC number that acts as a common reference for your KYC record. This means financial institutions
Union Budget 2026: Implications for Gold and Silver Markets and MSME Jewellers in India
A small policy shift can often trigger wide market reactions, especially when it involves gold and silver. In India, where precious metals are closely tied to savings, celebrations, and investments, even subtle changes can set the market buzzing. In the Union Budget, the Finance Minister announced a reduction in the import duty on gold
MSMEs are the backbone of India’s manufacturing economy. They support large industries, create employment, and contribute significantly to exports and domestic production. However, recent fluctuations in raw material costs, especially the rising steel price, have created serious financial pressure for many small businesses. A recent report highlighted that a sharp rise in steel costs
Clean Energy is Creating New MSME Opportunities: How Small Businesses Can Tap the Green Transition
The global shift towards sustainability is transforming industries and creating new economic possibilities. As countries accelerate efforts to reduce carbon emissions, clean energy has emerged as one of the fastest-growing sectors worldwide. This transition is not only benefiting large corporations but also opening significant business opportunities for Micro, Small, and Medium Enterprises (MSMEs). For
