India has taken a huge hit.
Whether it’s a general store, a restaurant, or any other business, due to this lockdown, it has become difficult for business persons to run their business.
Many cannot keep up with paying wages, handling utility bills, and also increase their sales. Hence due to such a slowdown, small and medium businesses have started shutting down.
Keeping this in mind, the Finance minister along with the Government of India has decided to step in and help these struggling small and medium businesses. They have begun providing a scheme where small and medium enterprises can apply for the lowest interest rate business loan in India.
This scheme will provide MSME business loans worth 3 lakh crore in India. As of August 17, only 1 lakh crore worth of loans has been disbursed. This means there is a lot of money available for business people.
Here are some basic features of MSME Business loans:
- MSME/SME finance up to Rs. 45 lakh
Get finance up to Rs 45 lakh to upgrade your venture
- Quick processing
Collateral-free funds with an easy online application process and approval in under 24 hours.
- Flexi loan facility
Easy & Convenient Repayment terms
- Minimal documentation
Acquiring an MSME loan has never been so easier as you can apply for this loan with a minimal document that too will be collected by our team right from your doorstep!
- Online fund management
Manage your loan account with a click and experience smooth online access.
Overall, this money will help you inject a huge amount of working capital into your business. This will allow you to run your business smoothly without any worry. We hope this solution helps your business in such tough times.
You can apply for the best and low-interest rate MSME business loan in India when you do it via Ruloans. We assure you to get you the best deals available in the market.