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Federal Government Loans for Small Scale Organizations

Federal Government Loans for Small Scale Organizations

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The small-scale company sector, which can be more popularly referred to as Small and Medium companies (SME) sector, accounts for contributing around 40percent to the total Gross Domestic Product (GDP) of Asia. This sector is an integral way to obtain employment in Asia but faces rigid competition from privately-funded organizations. Realising this, the us government of Asia has arrived forward to provide numerous loan schemes to fund the small-scale company sector. These loans is availed by the SMEs to invest in their day-to-day operations, increase their business, buy equipment that is new etc.

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Top Government Loans for Small Scale Organizations

Title of this Scheme interest rate (p.a. ) Loan Amount Repayment Tenure
SIDBI Make in India Loan for Enterprises (LOOK) 9.45% to 12.70% Rs. 25 lakh to Rs. 50 lakh as much as ten years including 36 months moratorium
Pradhan Mantri Mudra Yojana (PMMY) Varies from bank to bank as much as Rs. 10 lakh Varies from bank to bank
Credit Guarantee Scheme Up to Rs. 200 lakh
Bank Credit Facilitation Scheme changes from bank to bank Up to Rs. 5 crore 5 years to 7 years India that is stand-Up Scheme to base price + 3% + tenor premium Rs. 10 lakh to Rs. 1 crore 7 years
MSME Loans in 59 mins 8% onwards Rs. 10 lakh to Rs. 1 crore depending on the lender

SIDBI Make in India Loan for Enterprises (LOOK)

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