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 […]
How to Get a ₹10 Lakh Business Loan in India: Eligibility, Documents & Approval Process
Access to timely funding can make or break a business. Whether you are looking to expand operations, purchase equipment, or manage day-to-day expenses, a loan up to ₹10 lakh can provide the financial boost you need. In recent years, the lending ecosystem in India has evolved significantly. Banks, NBFCs, and digital lenders now offer
If you walk down any busy street in India, be it the textile lanes of Surat, the auto-hubs of Chennai, or the tech parks of Bengaluru, you are looking at the engine of our economy. But here is the thing about engines: they are made up of many different parts, all working in rhythm.
If you walk into a tiny cafe in a quiet corner of Pondicherry or a hardware store in the heart of Ludhiana, you will likely see the same thing: a small, laminated QR code propped up near the cash register. Ten years ago, cash was everything. Today, the landscape of digital payments India has
Let’s say you have the perfect plan for your dream venture. You’ve done your research, crafted a solid business plan, and all you need is a little financial boost to get started. You confidently apply for one of the many start up business loans available, only to receive a rejection email a few days
Let’s say you have the perfect plan for your dream venture. You’ve done your research, crafted a solid business plan, and all you need is a little financial boost to get started. You confidently apply for one of the many start up business loans available, only to receive a rejection email a few days
Sending and receiving money for helping out a friend, paying for a purchase or settling your bills has never been easier. With the availability of electronic fund transfer methods like the National Electronic Funds Transfer (NEFT), you can now make quick money transfers from the comfort of your home. Another popular method of sending
Two of the most widely used financial instruments in India are cheques and demand drafts. Although the primary purpose of these two instruments is the same, which is for making payments, they are quite different from one another. Understanding the differences between these two payment instruments can help you choose the right option for
India’s payment landscape has undergone a major transformation, with cash transactions declining rapidly. The rise of UPI, credit cards and debit cards has pushed individuals and business entities to make financial transactions through official banking channels, bypassing cash entirely. If you are someone who makes non-cash payments regularly, you must know how to track
How to Check RTGS Status With UTR Number? A Step-By-Step Guide
One of the earliest electronic fund transfer systems to be introduced in India is real-time gross settlement (RTGS). As the name implies, fund transfers through RTGS are effected immediately without any delay. This is primarily because the transactions are settled individually as and when they are placed instead of in batches. One of the
Key Takeaways What is a UTR Number & How To Check It? Let’s start by addressing ‘what is UTR Number’. It stands for the unique transaction reference number and the number is generated every time an electronic fund transfer is made from one bank account to another. This unique number makes it easier to
