If you’re an entrepreneur, a business loan can help you expand, buy equipment, or manage cash flow. The Indian government also supports MSMEs through special schemes.
Popular Business Loan Options:
– Mudra Loan (Government): Up to ₹10 lakh under Shishu, Kishor, Tarun categories
– SIDBI MSME Loans: For manufacturing and service businesses
– HDFC Business Growth Loan: Up to ₹40 lakh, no collateral
– ICICI SME Loan: For working capital & machinery purchase
Tips to Get Approved:
– Maintain business bank statements
– Keep GST & ITR records updated
– Register your business with Udyam portal