- July 22, 2021
- Posted by: Stratford Team
- Category: Business
Finding the right source of funding for your business can be difficult unless you know where to look for it. For entrepreneurs running small businesses, there are two ways to get loans: they can either opt for a government scheme or they can apply for loans to private players.
Among key government schemes include MSME Business Loans for Start-ups in 59 minutes, Pradhan Mantri Mudra Yojana and SIDBI Make in India Soft Loan Fund for MSMEs. Private players offer a variety of funding options and each one has its own application process and set of terms and conditions.
Here are the loan options available for small businesses.
Government Loan Schemes For Small Businesses In India
The Indian federal government assists small and medium enterprises (SMEs) to grow via a variety of business loans that can be availed of under the central and the state schemes. The top five government loan schemes for small businesses include: