Government Loan for Business Startup in India

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Government Loan for Business Startup in India
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GoI provides Business Loan for Startups

• The Nasscom report of 2018 confirms India is
  third-largest numbers of startups in the world.
• The Government of India is doing its best to
  support and promote growing number of startups.
• The Government aims to promote startup and
  small-scale industries to create wealth and
  generate employment.
• These loans and funds provided by GoI have no
  collateral.

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Top 10 Business Loan Schemes from the Indian
Government

1. MUDRA Loan Scheme
2. Credit Guarantee Scheme
3. Bank Credit Facilitation Scheme
4. Stand Up India Scheme
5. Market Development Assistance Scheme for MSMEs
6. National Bank for Agriculture and Rural
   Development
7. Coir Udyami Yojana
8. SIDBI Make in India Soft Loan Fund for MSMEs
9. Credit Linked Capital Subsidy for Technology
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10. Sustainable Finance Scheme

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Eligibility Criteria

1. It should be a firm not older than 5 years and
   the turnover of the firm should not be more
   than ? 25 crores.
2. It should have obtained approval from the 
   Department of Industrial Policy and Promotion
   (DIPP).
3. In order to get approval from the DIPP, the
   applicant firm should be funded by an Angel Fund,
   Incubation Fund or a Private Equity Fund.
4. The company must be a limited liability
   partnership or a private limited company. 
5. The firm should have a letter of incubation.
6. It should have obtained a patron guarantee from
   the Indian patent and trademark office.
7. It must provide innovative products and schemes.
8. The Angel Fund, Private Equity Fund, Incubation
   Fund, Angel Network, and Accelerators need to be
   registered with SEBI.

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Epilogue

• Consider these loans for a startup in India and
  take your business to new heights.
• The Government of India is participating at a
  micro level to ensure that small and medium scale
  industries benefit from the loans.
• In addition to Government loans, banks and NBFCs
  are providing business loans at a competitive
  interest rate.
• At Afinoz you can compare the offers from various
  lenders and choose the best option, suitable for
  you. Apply now to avail a business loan.

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Thank You!!!