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 is a NIC Code for MSME Registeration? A NIC (National Industrial Classification) code is a government-issued numerical code used to classify businesses based on their primary economic activity. It is mandatory during Udyam Registration to identify whether a business belongs to manufacturing, services, or trading sectors. Brief History In 1962, SIC or Standard
Forgot your UAN password and unable to access your EPF account? Don’t worry. The EPFO provides a simple online process to reset your UAN password and regain access to your account within a few minutes. Your Universal Account Number (UAN) is required to log in to the EPFO Member e-Sewa portal, where you can
Overview of KVIC KVIC is a statutory body formed by the Government of India under the KVIC Act of 1956 that aims to nurse employment and economic uplift in rural India. The term Khadi goes back to the Swadeshi Movement launched by Mahatma Gandhi in 1920 by propagating the use of hand-woven and home-spun
The Ministry of Micro, Small, and Medium Enterprises has launched an initiative that’s set to transform how MSME offices operate across India. Running from 2nd October to 31st October 2025, Special Campaign 5.0 focuses on institutionalising cleanliness, reducing administrative pendency, and improving service delivery for millions of MSME entrepreneurs. Understanding what Special Campaign 5.0
The calendars have flipped, the festive cheer is still in the air, and for your business, this means one thing: the New Year sales season is upon us! This is your golden opportunity to boost your revenue and start the year on a high note. But with great opportunity comes great responsibility. The surge
Overview: CGTMSE is an initiative of the Government of India in collaboration with the Ministry of Micro, Small and Medium Enterprises (MSME) and the Small Industries Development Bank of India (SIDBI) launched on 30th August 2000. The CGTMSE full form is Credit Guarantee Fund Trust for Micro and Small Enterprises, and as is evident
