Loan against Government order
Government do not provide advance to local firms for execution of the project.
Hence small enterprise will have to approach Bank,
Bank also does not provide any loan without 110% security by FDD.
Our Government should instruct National Bank to provide reasonable cost loan to Small enterprise against government order. more
Banks have schemes for finance against confirmed Govt./public sector entity orders. more
No Banks provide assistance to any Startups even with Security. They do not want to take risk in providing new loans to new projects. They seek 3 years IT and the transactions done during the period to provide any assistance. Without Security we can never imagine to avail loans for a new projects. If there is anyone who can deny this with evidence please do that I can reach them out with my project. For the past 18 months I have been seeking assistance with the project that has been accepted by even the banks to be a good one. more
There is a govt. scheme for small and medium companies. You must register under MSMED ACT, (Udyog Aadhar) , which is very easy, 15 minutes work online. For MSMED registered companies, you can avail a loan of upto 1.0 Crore without giving any collateral from banks. It will be guaranteed by Credit Guarantee Corporation. So your capital problem is solved / reduced. Govt. has many schemes, unfortunately, either it is difficult to take advantage of , or we do not know about it. An enterprising person can start a website listing all govt. schemes and how one can take advantage of. It will be very popular. more
In case you are not able to sort it yourself, you can give me a call at my mobile 8510904348 more
You are not correct. Banks provide so many types of loans and facilities to MSME. Kindly check again more