Prime Minister Narendra Modi's forward outlook on making India a self-reliant nation on a global level has encouraged the cravings in the mind of the members of Aatmnirbhar Sena concerning propelling India on the progressive path of self-sufficiency. Incited by the urge to create India as an independent nation, Aatmnirbhar Sena is dedicatedly striving to make India reach new heights in economic spheres by furnishing capital assistance to small businesses, hawkers and street vendors.
At Aatmnirbhar Sena, we are providing capital assistance in getting loans from banks, Non-banking financial companies, as well as Micro Finance Institutions. We are strengthening the small business enthusiasts, hawkers, street vendors, and other emerging business owners by arranging business loans. Our organization is all set to assist you make smarter financial decisions so that you may prepare the roadmap for the future of your small or medium-scale business. Are you looking for customized small business loans? If your answer is yes, we are gearing up to lend you our support in arranging funds via small business loans for your small business.
If you are looking for short-term loans, intermediate-term loans or long-term loans, experts at Aatmnirbhar Sena will help you in getting loans within a limited time, and we ensure that we have the perfect financing solutions for your small and medium-scale businesses. Our associate business loan providers would meet the urgent financial needs of your small business that is at a rapidly growing stage.
The numerous uses of a business loan are mentioned below-
Small businesses need capital assistance to develop their business infrastructure and meet their several business needs. At Aatmnirbhar Sena, we have formulated our strategies in the direction of providing support by rendering capital assistance in getting loans from banks.
India has got the tag of the only truly emerging market in the world in the current scenario. A significant chunk of this growth is fueled by the micro, small, and medium enterprises of the country. The SME sector in India contributes over 40% of the entire GDP and sticks to be a critical source of employment for the rapidly growing population in India. After realizing the worth of SME growth in the post-demonetization era, the government has commenced various new business loan schemes & boosted the already existing ones.
If you are looking forward to avail for small business capital assistance, you must look at the top 5 business loan schemes mentioned below-
In order to meet the financial requirements and furnish capital assistance to small business owners so that they can fuel up their business growth, Pradhan Mantri MUDRA Yojana was kick-started in 2015. Medium as well as small businesses are not capable enough to obtain loans from banking institutions because of lack of security and scarcity of funds for paying off the interest. In India, more than 577 crore small-scale business ventures are present today. Supporting these businesses and helping them in their growth would eventually lead to the progress of India’s economy.
The significant objectives of MUDRA Yojana are mentioned below-
As per the financing options present under this PM MUDRA Yojana, the loan limits as well as interest rates differ for accommodating for the advancement phase of the respective business availing such loan.
Given below are the applicable limits and rates concerning the loans under this Yojana-
Loans up to a maximum limit of Rs. 50,000 with interest being 1 %/month or 12 %/annum. The repayment period concerning Shishu loan is up to 5 years.
It entails loans from Rs. 50, 000 and up to Rs. 5, 00,000. According to the guidelines associated with the schemes and considering credit history of the applicant, the interest rate would depend on the bank. The period of loan repayment is dependent on the choice of the bank.
It covers loans from Rs. 5, 00,000 and up to Rs. 10, 00,000. As per the guidelines concerning the schemes & keeping in view the credit history of the applicant, the interest rate would depend heavily on the bank. The period of loan repayment lies on the option of the bank.
In order to disburse this loan, overall 27 Public Sector Banks, 17 Private Sector Banks, 36 Microfinance Institutions, 31 Regional Rural Banks, 25 Non-Banking Financial Institutions as well as 4 Co-operative banks have been picked. 60 % of the loans under MUDRA Yojana to be offered through ‘Shishu’ option & the remaining 40 percent would be through ‘Kishore’ and ‘Tarun’ schemes.
PSB Loans in 59 Minutes is an initiative that facilitates the business folks to apply for Business Loan at an interest rate that initiates from 8.50%. Indian Government has taken this initiative to encourage a self-employed business model & ease the MSME business in India by minimizing the steps engrossed in the loan approval process and eliminating the long queues in the banks. The intent of PSB Loans in 59 Minutes is to approve business loans in 59 minutes and thereby, bringing it down from a long 30-day process and anticipated to get disbursed in 7 to 8 working days, in case it gets approved.
To avail this 59 Minutes loan, you need to follow the below-mentioned criteria-
The loans under this Yojana are granted for capital assistance and in order to uplift the MSME segment in the country. Existing businesses, as well as new businesses, can utilize the scheme for capital assistance up to Rs. 1 crore.
The products and industries encompassed under the CLCSS are mentioned below-
The NSIC Subsidy for small businesses grants financial advantages of two types-
Imported as well as indigenous raw materials are covered under the raw material assistance scheme of National Small Industries Corporation Subsidy. Funds and capital assistance is provided to SMEs so that they can withstand the existing competition and enhance the market value of their products as well as services under the marketing assistance scheme of National Small Industries Corporation Subsidy. The prime area of concern of NSIC is to grant financial assistance to small as well as medium-scale enterprises who wish to uplift their manufacturing quality & quantity.
Angel investors are individuals or groups with deep pockets who are responsible for funding startups, mostly in the form of equity financing. These prosperous individuals are known for financing the funding of a new organization or they can boost the growth of a newly established business. These people bet on new and emerging startup businesses. Angel investors may or may not be elected as authorized investors by the Securities and Exchange Commission.
Aatmnirbhar Sena is preparing to grant aid to small businesses, hawkers, & street vendors under the numerous capital assistance schemes to meet the deficit in the demand of the capital. Aatmnirbhar Sena has piloted the initiative to pull off the responsibility of enabling women as well as minorities via capital assistance programs and other programs adhering to their capital calls along with other demands. We are aiming to build capacities beyond different sectors that keep potential for entrepreneurs and new businesses with the purpose to produce an equitable platform for one and all. Additionally, we will be promoting local products via our initiatives as well.
Since India's government has fixed its vision to embark on India toward the track of self-sufficiency and our Prime Minister Narendra Modiji has shown the flashes of his desires through Aatmnirbhar Bharat Abhiyan, nourishing the skilled workforce has become the command of the season. Therefore, Aatmnirbhar Sena will support the young and hopeful entrepreneurs and small business owners via capital assistance measures so that they can sustain their workforce and enhance their efficiency and skills via training programs.
The way COVID-19 has wrecked the Indian economy and has brought all the mini-scale businesses & street vendors on their toes, Aatmnirbhar Sena will adorn them with financial support and capital assistance that would eventually make them withstand against all the odds amid the COVID-19 pandemic. Our initiatives with respect to capital assistance would concentrate principally on scaling up small businesses & startups, pulling willing entrepreneurs, elevating the Indian economy's growth, and giving movement to infrastructure development.