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 […]
National Portal For Credit Linked Government Schemes On June 06, 2022, Prime Minister Mr. Narendra Modi announced the launch of ‘The Jan Samarth Platform. The PM took to Twitter to address the launch of the new initiative. As outlined in a statement by the Prime Minister’s Office on Twitter, the Jan Samarth Platform is
The RoDTEP scheme is a newly designed plan initiated by the Indian Government to better assist exporters. RoDTEP full form is Remission of Duties and Taxes on Exported Products. On January 1, 2021, the day it was first officially confirmed in the press, this plan replaced the pre-existing MEIS scheme. The MEIS full form
What is PLI Scheme? In the PLI scheme, incentives are offered to manufacturers of Indian products when incremental sales are made. Six new schemes were approved after ten were notified by the government in November last year and the first three were approved in March. According to Nirmala Sitharaman (Hon’ble Finance Minister), in her
The PLI auto scheme is a transformative government initiative offering financial incentives worth ₹25,938 crores to boost the manufacturing of advanced automotive technology, electric vehicles, and hydrogen-fueled vehicles in India. Launched in 2020 as part of Make in India auto incentives, the PLI scheme 2025 India continues to attract both existing manufacturers and new
What is SFURTI Scheme? The SFURTI full form is the Scheme of Fund for Regeneration of Traditional Industries. It is a scheme launched by the Government of India under the aegis of Ministry of MSME in 2005 with the intention to promote cluster development. The main objective of the programme is to make traditional
What is PM-KUSUM Scheme? The PM-KUSUM or Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan scheme is an initiative launched by the Government of India under the aegis of the Ministry of New and Renewable Energy (MNRE). The PM KUSUM launch date was in 2019. The scheme’s objective is to provide assistance in installing
When we talk about inclusive growth, one of the most important objectives is to bring historically disadvantaged communities into the mainstream economy. The Scheduled Caste (SC) population in India has faced structural barriers in education, employment, entrepreneurship, and access to credit. Recognising this, the government established the National Scheduled Castes Finance and Development Corporation
About Coir Udyami Yojana (CUY) The Coir Udyami Yojana provides welfare activities towards raw-material utilization, trade-related services, training and development of skill, creates entrepreneurship and employment opportunities and development, upbringing, and growth of domestic and export markets and much more. The Components under this scheme are: DPI – Development of Production Infrastructure Welfare Measure
Bank Credit Facilitation Scheme In an effort to aid micro, small and medium enterprises or MSME units, the National Small Industries Corporation has entered into a Memorandum of Understanding with a number of Private Sectors and Nationalized Banks. Through these banks, the NSIC aid MSMEs in getting the necessary credit support from the banks.
If you are running a Small or Medium Enterprise (SME) in India, staying competitive often means investing in new technology, modern machinery, or upgraded processes. However, for many entrepreneurs, the cost of such upgrades can be a major hurdle. That’s where the CLCSS scheme, short for the Credit-Linked Capital Subsidy Scheme, comes into play.
