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 Jan Aadhaar Yojana was introduced by the Rajasthan government to streamline identification and welfare delivery. If you are wondering how to get Jan Aadhaar Card, this guide explains the complete process including Jan Aadhaar registration, Jan Aadhaar KYC, and Jan Aadhaar download. The scheme follows the concept of ‘One Number, One Card, One
Delayed payments have long been one of the biggest challenges faced by India’s micro and small businesses. When payments are held up for months, MSMEs often struggle with cash flow shortages, delayed expansion plans, and difficulties in meeting operational expenses. To address this issue, the government introduced Section 43B(h) through the Finance Act, 2023.
The GST in India system is a destination-based indirect tax levied on every value addition in the supply chain. Introduced on 1st July 2017, GST replaced multiple indirect taxes like VAT, service tax, and excise duty to create a unified tax structure. Understanding the features of GST and the core characteristics of GST is
Aadhaar DBT Status Check: Verify Bank Linking and Payments Online
What is Aadhaar DBT? The Government in India offers various benefits to citizens. These are in the form of subsidies, direct cash transfers, welfare schemes, pensions, and more. To receive these benefits, people must link their bank account with their Aadhaar card to get ₹10,000 as a loan. Linking Aadhaar numbers with bank accounts
Key Takeaways What is a UTR Number & How To Check It? Let’s start by addressing ‘what is UTR Number’. It stands for the unique transaction reference number and the number is generated every time an electronic fund transfer is made from one bank account to another. This unique number makes it easier to
The immediate payment service (IMPS) was launched in 2010 as an alternative to the real-time gross settlement (RTGS) and national electronic fund transfer (NEFT) systems. The IMPS bank fund transfer system is unique as it combines the best characteristics of RTGS and NEFT. One of the notable features of this system is the flexible
