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 […]
Capital gain can be understood as the net profit which an investor makes on selling any capital asset which exceeds the purchase price. This total value that one earns by selling any capital asset is taxable income as per the Income Tax Act 1961. For anyone to be eligible to get tax benefits in
What is business Inventory? Inventory is also known as the merchandise, in a business, which refers to the materials and goods which a business has for sale to its customers for the future. In simple words inventory meaning, the materials and goods act as items to be sold by a business for profit to
Digital banking has transformed how individuals and businesses transfer money, making the process faster, safer, and more convenient. Today, fund transfers can be completed within seconds or scheduled based on specific needs. Among the most widely used systems are NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service). Although
In the era of the digital world, the advancements of technology have led to various operations which required time and effort – an easy task. For example, the financial and banking operations can be done without visiting the bank. There are many things you can do like transferring money, checking account balance, depositing money
(District Industry Centre) DIC Loan Scheme DIC full form is District Industries Centre (DIC), and it plays a key role in offering DIC loan schemes and support for small businesses.It is a central sector scheme with the objective of promoting small village and cottage industries in a particular area. The DICs have been established
Understanding the types of accounts in accounting is fundamental for anyone managing business finances. Whether you are a business owner, a finance student, or an accounting professional, knowing how transactions are classified helps ensure accurate bookkeeping, proper financial reporting, and regulatory compliance. There are three types of accounts under the traditional accounting classification: Personal,
