Eligibility Criteria for SME Loans
|Who can apply||Proprietors, self-employed individuals, partnership firms, private limited companies engaged in the business of trading, manufacturing, and services|
|Minimum Annual Income of the Business||Rs.1.5 lakh|
|Minimum Turnover of the Business||Rs.40 lakh|
Keeping this in consideration, how can I get 10000 loan from the government?
Benefits of Sannidhi Yojana List. The government has launched Sannidhi Yojna for street vendors. Under this scheme, you can get a loan of up to Rs. 10,000 and there will be a 7 % discount in interest.
Beside above, what are the 5 types of government loans?
- Agricultural Loans.
- Education Loans.
- Housing Loans.
- Loan Repayment.
- Veterans Loans.
What is SME in SBI?
State Bank of India (SBI) offers a vast array of loans to cater to the financial needs of the Small and Micro Enterprises (SME) sector. Individuals who are engaged in income-generating activities in the manufacturing, trading, and services sectors can avail loans ranging between Rs.5 lakh and Rs.500 crore.
In general, if the applicant or the owner of the applicant is the debtor in a bankruptcy proceeding, either at the time it submits the application or at any time before the loan is disbursed, the applicant is ineligible to receive a PPP loan.