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 […]
Establishing trust can be a challenge for new business partners or those that aren’t working in the same physical location. Especially in these scenarios, it is essential for both the buyer and the seller to know that the agreement made will be kept, both when products are delivered and when money is released. A
When applying for a business loan, it’s crucial to understand that a rejection doesn’t typically stem from failing all criteria at once. More often than not, there’s a single weak point that undermines the entire application. By identifying and addressing that specific area, rather than making random adjustments, you significantly increase your chances of
Price adjustments and invoicing errors are common in business transactions. However, cancelling an already filed tax invoice and issuing a new one can lead to unnecessary administrative work. This is where a debit note comes in. It provides a simple and legally recognised way to correct the taxable value or GST amount without replacing
Long paperwork and numerous branch visits are no longer necessary when applying for a loan. Thanks to digital lending platforms, which enable borrowers to complete a significant portion of the application process online, access to credit is now faster and more convenient. Aadhaar has become an essential part of this process because it enables
Small businesses rely on payments being made on time to keep their finances healthy. Prolonged delays in payment collection can cause micro and small enterprises to suffer in day-to-day operations, vendor relationships and long-term growth. In order to promote better payment, the Ministry of Corporate Affairs mandates select companies to disclose their dues through
What is TReDS? Meaning, Full Form, Registration Process & Benefits for MSMEs
For any business to be profitable and remain in business, maintaining good cash flow is very important, especially for MSMEs that usually operate on tight working capital. Even with good sales figures, slow invoice payments can pose a problem when paying your vendors or employees, or when pursuing growth initiatives. The Reserve Bank of
