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 […]
MSME owners often have little time to explore government support due to the challenges of managing cash flow, delayed payments and market competition. Consequently, many businesses miss out on substantial benefits provided under Indian law, including subsidised loans, tax relief, cheaper credit, and operational schemes that can save lakhs annually. This blog clearly breaks
Cheque validity in India is not just a matter of banking etiquette but a financial necessity. Whether you’re a salaried professional who receives a bonus cheque, a small business owner who needs to manage vendor payments, or an entrepreneur who is handling bulk transactions, knowing when a cheque expires can save you from payment
For self-employed professionals in India, Section 44ADA of Income Tax Act provides a simplified mechanism for tax compliance. Introduced under the Finance Act 2016 and effective from Assessment Year 2017-18, this scheme allows eligible individuals to manage their tax obligations efficiently without the need for exhaustive bookkeeping or annual audits. Let’s take a closer
The annual tax-filing season can be very stressful, requiring significant time to gather documents and organise records. The good news is that paying advance tax is an efficient way to reduce this year-end pressure. This system lets you pay your tax liability in manageable quarterly instalments rather than a hefty lump-sum bill. In this
Choose a loan for single expenses like equipment, but opt for a line of credit to manage ongoing cash flow and unpredictable business needs. In this blog, we will examine the line of credit meaning, how it differs from a loan, and the advantages and disadvantages that come with both borrowing options. How Does
Loan Against Property (LAP): Meaning, Eligibility, Interest Rates & Benefits
A Loan Against Property (LAP) unlocks the financial value tied up in your real estate by converting your residential or commercial property into immediate, high-value funding. Whether you need to fund a growing business or meet major personal goals, this secured borrowing option provides a stable, low-interest solution. This guide will walk you through
