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 […]
It is rare to walk in an Indian neighbourhood and not find a kirana shop that caters to the entire resident community. Often overlooked in usual discussions of the vast Indian economy, these small businesses play a vital role, providing essential goods and encouraging local commerce. However, running a kirana store presents various challenges,
With the entrepreneurial spirit being celebrated increasingly by the day in India, many aspirants are taking the leap and launching their business ideas. If you are also eager to capitalise on this trend but have no concrete ideas to implement, why not consider establishing an event management startup? Events like first birthdays, fiftieth birthdays,
Thanks to the advent of technology, the way we make payments has been dramatically transformed. One of the most significant innovations in the electronic payments space has been digital wallets. With the growing adoption of the internet and cashless movement, digital payment systems such as these are becoming more popular. In this article, we
Businesses have evolved significantly since the introduction of technology. An increasing number of them are deviating from the traditional business model by opting to go fully digital. While it is easy to overlook the importance of tried-and-tested business structures, it may not be prudent to do so. A conventional business model is the foundation
Historically, MSMEs have encountered various challenges with regard to cash flow management. Small businesses often struggle with limited liquidity due to payment delays, seasonal fluctuations in demand, and unexpected expenses. This compromised cash flow hinders the ability of an MSME to seize growth opportunities and navigate market downturns. This article outlines why cash flow
The Goods and Services Tax (GST) has significantly altered the indirect taxation framework in India. Launched in July 2017, GST replaced various central and state taxes with a consolidated tax system. This reform aimed to enhance tax compliance, reduce cascading taxes, and create a more transparent and efficient business environment. Under GST, the tax
