MSME Certified Units can apply for Business loans from SBI, HDFC bank, ICICI Bank and Others
This scheme is available up to March 31, 2021, or on reaching the threshold stipulated by the Government of India under the Emergency Credit Line Guarantee Scheme (ECLGS). The working capital term loan (WCTL) comes with a tenure of 48 months, with a principal moratorium for the first 12 months.
The government had announced a Rs 3 lakh crore emergency credit line guarantee scheme (ECLGS) for MSME under the “Aatmanirbhar Bharat Abhiyan” package to mitigate the stress caused by the lockdown this scheme valid till October including Collateral free loans, additional debt, and equity infusion.
Finance minister of India Nirmala Sitharaman's office tweeted that the public sector banks (PSBs) have sanctioned loans worth 3200 crores on June 1, 2020. The loans available by non-banking financial companies (NBFCs) as part of the government initiative are not required to pay any guarantee and no collateral is required. The tenure has been fixed at four years, with a moratorium of 12 months on the principal payment.
All scheduled commercial banks that are public/private sector banks and RRbs/NSIC/SIDBI/NETFI are the member lending institutions. (MLI) The list of banks offering loans is mentioned below;
List of Bank’s MSME Care Centers
1. Allahabad Bank
2. Bank of Baroda
4. Andhra Bank
5. State Bank of Bikaner & Jaipur
6. State Bank of Hyderabad
7. Bank of India
8. Bank of Maharashtra
9. State Bank of Travancore
10. Canara Bank
11. Dena Bank
12. Indian Bank
14. Punjab & Sind Bank
16. Syndicate Bank
17. UCO Bank
18. Union Bank of India
19. United Bank of India
20. Vijaya Bank
21. State Bank of Mysore
22. Corporation Bank
24. State Bank of Patiala
25. State Bank of India
26. Central Bank of India
27. State Bank of Indore
Links of State Level Bankers’ Committees contact address
1. SLBC Rajasthan
2. SLBC Bihar
3. SLBC U.P.
4. SLBC Orissa
5. SLBC Andhra Pradesh
6. SLBC J&K
7. SLBC Gujarat
8. SLBC West Bengal
9. SLBC Kerala
10. SLBC Jharkhand
11. SLBC Himachal Pradesh
If you have any queries, talk to our expert.
You can fill the MSME / Udyam Registration form @ https://www.msmeregistration.org
And our team will get in touch with you.
MSME / Udyam Registration Consultancy
Office No. 101-102, 1st Floor, Gulmohar Apartments,
East Street, Camp, Pune - 411001, Maharashtra, India
MSME / Udyam Registration Consultancy
We are India's largest online business services platform dedicated to helping people easily start and grow their business, at an affordable cost. We help startups and entrepreneurs get registration and certification for all processes of the Indian government. We are well qualified for micro small & medium-sized companies with the MSME New Udyam Registration processing system.
Our aim is to assist the entrepreneurs with legal and regulatory requirements and be a partner across the business lifecycle, offering support at every stage to ensure the business remains compliant and continually growing.
We are a technology-driven platform trying to organize the professional services industry in India! Our mission is to provide individuals & organizations with one-click access to all their legal & professional needs…!!!
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release MSME Certified Units can apply for Business loans from SBI, HDFC bank, ICICI Bank and Others here
News-ID: 2247005 • Views: 240
More Releases from MSME / Udyam Registration Consultancy
MSME Loans Is Beneficial To Your Business. Learn Why!
What is MSME Loan? An SME loan is also known as a loan for Small and Medium Enterprises. It is a credit facility offered to medium and small businesses for their long-term, working capital, growth or expansion needs. It can be extremely useful for SMEs to realize their full potential through appropriate funding, especially for women-run businesses which might otherwise find it difficult to get funding. A micro, small or medium enterprise
More Releases for Bank
Neo and Challenger Bank Market by Type of Bank (Neo Bank and Challenger Bank)
Neo and Challenger Bank Market is registering a CAGR of 50.6% during the forecast period 2016-2020. Neo and challenger bank market has witnessed healthy growth rate in terms of customer base over the past few years, and is expected to witness optimistic growth in the near future. Access Full Report: https://www.alliedmarketresearch.com/neo-and-challenger-bank-market The global market is driven by factors such as government regulations, convenience offered to consumers, and low interest rates as compared
India Retail Loan Market 2018 - State Bank of India, ICICI Bank, HDFC Bank, Axis …
The growth in the retail finance disbursement would be largely driven by improving affordability, increasing propensity to consume and the fact that the penetration level of retail finance loans is still low. Retail Loan industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Retail Loan market size to maintain the average annual growth rate of X% from XXXX million $ in 2014
Load banks offer one of the most flexible ways to validate critical power systems and components. Load bank testing of power systems includes validating the operational conditions and output of electrical power systems such as generators, gas turbines, transformers, HVAC systems, UPS, batteries, and relays in various industries like oil and gas, power, healthcare, marine and defense, and telecom. It is also very effective in reducing wet stacking problems, removal
Blood Bank Market 2017
ReportsWeb.com has announced the addition of the “Global Blood Bank Market Research Report 2017” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. Blood Bank industry from two aspects. One part is about its production and the other part is about its consumption. In terms of its production, we analyze the production, revenue, gross margin of its main manufacturers and
Trend survey “Bank & Zukunft”
Latest edition in the survey series reveals trends and developments in the financial sector More than 365 decision-makers from the banking sector took part in the Bank & Zukunft 2014 trend survey. In rating current challenges and developments, their responses reveal that banks are generally optimistic about the future. The biggest challenges remain the difficult interest rate situation and how to implement consistent, customer-oriented service. Once a year as part of the
Kaupthing Bank Luxembourg acquires Robeco Bank Belgium
Reykjavik, Iceland--October 21st 2007--Kaupthing Bank Luxembourg S.A., a subsidiary of Kaupthing Bank hf., has signed an agreement by which Kaupthing Bank Luxembourg S.A. purchases Robeco Bank Belgium. Robeco Bank Belgium is a small Belgian bank that was founded in 2002 and focuses mainly on private banking and asset management. The bank has 32 employees and is based in Brussels and Antwerp. Robeco Bank Belgium has 6,800 clients. At the