There are several factors that set the Mudra loan scheme apart from the usual business loans offered by most commercial lenders. Read on to learn more about these.
The Bajaj Finserv MSME Loan, available on Finserv MARKETS, is also extremely convenient for small businesses to avail for meeting their capital requirements. With an upper limit of Rs. 30 Lakhs for the loans that can be availed, this unsecured term loan can be repaid over a period ranging from 12 to 60 months.
The PMMY, despite the many advantages it offers to MSMEs, does have several drawbacks in terms of credit risks. Read on below to learn more about these.
The Mudra loan, despite being a great initiative by the government for furthering the growth of MSMEs, has several credit risks that might be harmful to the economy in the long run. It is necessary for the government to not just identify these risks but also work towards mitigating them at the earliest.
Small businesses, however, have a range of options available in terms of receiving capital for growing their business. The Bajaj Finserv MSME Loan, available on Finserv MARKETS, is available for all business owners between the ages of 26 to 66 years with a business that has been operational for more than 3 years. Any business that meets these criteria can avail an unsecured loan of up to Rs. 30 Lakhs and repay it over a flexible duration of 12 to 60 months.
You can read more about Government Business Loan Schemes in India.
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