Business low scheme for sale
Business low scheme for sale Sole proprietorships form the backbone of India's entrepreneurial landscape, contributing significantly to the nation's economy. Recognizing their importance, the Indian government and various financial institutions have introduced several business loan schemes tailored to meet the unique needs of sole proprietors. These schemes aim to provide accessible and affordable financing options to foster growth and sustainability. 1. Pradhan Mantri MUDRA Yojana (PMMY) Launched in 2015, the Micro Units Development and Refinance Agency (MUDRA) Bank under PMMY offers loans to non-corporate, non-farm small and micro enterprises. The scheme categorizes loans into three segments: Shishu : Loans up to ₹50,000 for startups and early-stage businesses. Kishor : Loans ranging from ₹50,001 to ₹5 lakh for businesses seeking additional funds for growth. Tarun : Loans between ₹5,00,001 and ₹10 lakh for well-established enterprises requiring substantial capital. These ...