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 […]
Direct selling agents are the individuals who work on referral bases for any financial institutions or banks. They are appointed by banks or NBFCs to identify and find potential customers. The DSA directs such customers to the concerned financial institution, and the loan is then processed forward. If the loan is successfully passed, the
Introduction Small-scale industries are amongst the most important industries in India as most of the industries are of a small-scale nature and hence a huge chunk of India’s income is derived from small-scale industries. Further, small-scale industries are practicable and significant because most people cannot invest huge amounts of money if they are willing
What is HSN Code? The Harmonized System of Nomenclature or HSN has been developed by the WCO or World Customs Organization for giving a code to the various goods around the globe in a proper manner for a taxation system for finding different types of products. HSN has more than five thousand different products,
Overview: Among the many initiatives launched by the Government of India in the recent past has been the unique Stand Up India Scheme aimed at boosting the entrepreneurial capabilities of the not so privileged which covers the SC/St and women. This flagship endeavor of the Government launched in April 2016 is anchored by the
Pradhan Mantri Jan Aushadhi Kendra – Benefits, and Application Process
In developing countries such as India, healthcare services have not yet reached a universal scale. Millions of people are still left out of the health care safety net and this is mainly visible in rural areas. The primary reason is the unavailability of quality medicine at an economical cost. Branded medicines and other medical
A current account allows individuals, professionals, and businesses to conduct a variety of everyday monetary activities. The account can be opened and administered by a single person, a group of people, or a company. In comparison to Savings Accounts, Current Accounts pay no interest and have a greater minimum account balance requirement. Current accounts
