Are you planning to leave the idea of business plan which was in your mind since many years? Are you not getting financial help to start your business? Then you don’t have to worry about it because there are many private and government companies, banks out there to provide business loans to you. You would be able to start your new business with a great start.
You can get loans from Indian small business financing governmental corporations:-
SMILE (Small industries development bank of India loan for small enterprises):-
It started its small business funding schemes in 1990 and now it has become popular among entrepreneurs and small businessmen.
NSIC (National small industries corporation limited):-
It was launched in 1955 which was started to encourage small start-ups. It supplies raw materials to small companies and also exports raw materials.
Market development assistant scheme:-
It provides funding for participation of small enterprises in international trade fairs to enhance the knowledge of international markets and competition.
Apart from the government corporations, there are many private companies also who fund for small start-ups with their beneficial schemes like:-
- Won’t ask for much details:-
Private corporations don’t ask for many details as governmental banks and companies do. Like government corporations would ask about your whole plan and they won’t provide you loan until they get each and every document required for the process of funding.
- They provide working capital loans:-
Private companies provide loans for buying assets like building, land and machinery for starting up your new business.
- Collateral free loans:-
These loans are provided by private small business financing companies and you won’t need to provide your personal assets to qualify for the loan. They won’t need documents as government companies do and the loan is given by direct funding.
- Term loans:-
These loans are taken by small entrepreneurs to enhance their business by buying assets such as machinery, land etc.
So, with the help of loans provided by government and private corporations you can easily fulfill your dream to start a business and contribute in Make in India programmed.