THERE ARE 2 MAIN COLLATERAL Free SME LOANS AVAILABLE CGTSME;- IN THIS LOAN YOU CAN GET LOAN UPTO 2CR BUT YOU HAVE TO CONTRIBUTE MINIMUM 25% OF PROJECT COST REMAINING WILL BE FINANCED BY BANK AND YOU HAVE TO PAY 1% OF YOUR PROJECT COST EVERY YEAR TO SECURE LOAN WITH OUT COLLATERAL PMEGP PMEGP is a central govt Scheme for only new entrepreneurs who want to start there manufacturing or service business… its a subsidy Scheme subsidy will be from 15% to 35% of total approved project cost owners contribution will be 5% to 10% of total approved project cost i have availed this loan for my project in banglore Get ready with the project you want to do prepare a project report on it identify the place where you want to start you project apply online application in kvic website there will be an interview process by kvic/dic/kvib chosen nodal agency before interview talk to banks who is ready to give loan to your project get a communication letter from bank and submit in interview if your project
Solution for all PMEGP LOAN PROCESS PROBLEMS