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 […]
What the RBI’s Proposal to Increase Collateral-Free Loan Limits Means for MSMEs
Micro, Small, and Medium Enterprises (MSMEs) are referred to as the backbone of India’s economy. They contribute significantly to employment, innovation, and exports. However, access to timely finance has always been one of the biggest challenges for small businesses. In a major step to address this issue, the Reserve Bank of India has proposed
When you run a small business, your mind is occupied with a thousand things, including inventory, customers, staff, payments, and the endless chase for growth. The last thing you want to think about is how a lender views your application. But here is the truth: understanding what goes on behind the scenes can be
Starting a business does not always require a large investment. With ₹50,000, you can launch several profitable ventures ranging from online services and freelancing to food, retail, and home-based businesses. Many successful entrepreneurs started with limited capital and gradually expanded their operations over time. According to the Ministry of MSME, micro, small, and medium
Secured vs Unsecured Business Loans: Risk, Responsibility, and Suitability
Let us say you have been running your business for a few years now. The orders are pouring in, your customer base is growing, and suddenly, you realise that you need money to scale. Maybe it is for a new machine, for hiring more hands, or just to manage the gap between paying your
Running an MSME (Micro, Small and Medium Enterprise) is a bit overwhelming. You are managing staff, overseeing production, chasing payments, and trying to keep customers happy, all at once. So, when the time comes to expand, maybe you need a new piece of machinery or need to stock up on inventory for the festive
Do you remember the days before July 2017? If you were running a business back then, you probably remember the long queues at state border checkposts, the endless piles of varied tax challans, and the headache of trying to figure out why the tax rate in Maharashtra was different from the one in Karnataka
