In India, unemployment is the biggest challenge for the Government and to improve the figure, the Government has started various schemes and one of such is the Pradhan Mantri Mudra Yojana. The beneficiaries of this scheme are entrepreneur, non-corporate, non-farmer and the youth who wanted to go for the startup. Under this scheme, the borrower can avail the loan up to Rs 10 lakh from private banks, public sector banks, NBFC, Microfinance institute, and Foreign Banks.

The Nasscom report titled, “Indian Start-up Ecosystem 2018: Approaching Escape Velocity,” says India has the third-largest number of startups in the world. Startup culture is thriving in the country and in order to succeed in the business; entrepreneurs need funds. Angel Investors and Venture Capitalists generally give these funds. However, it is not easy to get funds every time you pitch. Due to the increasing number of startups in the county, the Government of India is doing its best to support and promote them.

In business loan, the lenders use several tools to analyze your financial condition. You are aware of the credit score and also know that it plays a major role in the loan process, more the credit scoreless will be the interest rate. But alone the credit score is not sufficient to avail the loan

Business loan to buy machinery is a great way to expand the business. Most of the machinery loans are collateral-free and hence there is no need for a guarantor. Apply for simple business loan to get a hassle free funding for your business.

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IIFL Holding Limited (Indian Infoline Limited) is an Indian financial service company whose headquarter is in Mumbai. IIFL was founded on October 17, 1995, by Nirmal Jain

Are you a modern woman ready to do all the hard work and get consistent income out of it? In modern India, entrepreneurship or start-up ventures are becoming increasingly popular day by day. To motivate the women in India, various leading financial institutions or nationalized banks are providing business loans for women.

A small business loan can be of big help at times. So, scale up your business online with a business loan this festive season.

The government of India offers financial boost to women entrepreneurs in the form of special business loan schemes. Let us talk about five of such schemes that support women entrepreneurs by offering them business loans-

Business loan gives competitive edge SMEs and MSMEs. Businesses, especially new business, can have access to funds through a business loan for various business requirement such as working capital, machine installation, transportation, daily inventory etc.