Entrepreneur Brothers and sisters you are not alone, the entire nation is standing with you during this tough time of pandemic! To speed up Micro, Small and medium Enterprises, a sum of Rs 3 lakh crore on low interest has…
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Credit and Finance for MSMEs
Credit and Finance for MSMEs: Even as Indian MSMEs continue to struggle with access to low-cost credit, a majority 67 % of finance supply for small businesses in India comes from informal sources. Even as Indian MSMEs continue to struggle…
Budget Impact on Business and MSME
Finance Minister Piyush Goyal on 1st Feb 19 announced a 2 per cent interest subvention for MSMEs that have taken a loan of Rs 1 crore. The government will make it mandatory to source 25 per cent from the SME…
Secured Business Loan-What You Need to Know?
Secured business loans aren’t only secured by physical collateral these days. So if you don’t have a real estate holding, vehicle, or equipment of sufficient valuable to secure your business loan, you’re not out of secured financing options. Lenders can…
How to get a Secured Business Loan?
First, ask yourself these questions: Consider what assets you feel comfortable leveraging. Would you rather leverage someone else’s assets as collateral? What kind of repayment terms are you after? What are you going to use your funds for? How much do you…
Pros and Cons of secured Business Loan
The following are the pros and cons of secured business loan: Benefits of secured loans Secured loans have many benefits that don’t apply for other types of loans. Secured loans can get you: Lower interest rates because the bank can rely on…
Secured Business Loans
Secured Business Loans are loans taken by the borrower to start or enhance a business with collateral. The borrower needs to pledge any of his property or asset. The debt is hence secured against the collateral provided. In the event…
CGTMSE-Loans
What is the CGTMSE Scheme? A brainchild of the Ministry of Micro, Small and Medium Enterprises, the CGTMSE Scheme is a unique offering which aims to bridge the gap between a business idea and its execution, offering financial support to…
CGTMSE- Interest Rates
Fees and Interest rate charged under CGTMSE Scheme Being a scheme which is implemented by Member Lending Institutions (MLIs) on behalf of the government, there are certain fees and charges associated with it. One can classify the fees into two…
CGTMSE Scheme-Process of Loan Application
Steps to Follow for Loan Application under CGTMSE Scheme First of all, you can’t apply for the loan under CGTMSE Scheme online. You have to contact to the banks nearby you. Broadly, there are four steps for applying for the…