25 May 2013

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SME loans

Role of government in MSME financing

The Micro, Small and Medium Enterprises (MSMEs) continue to play a dominant role in driving the Indian economy with its total contribution of 8% towards the GDP. It has registered a growth rate of 10.8% and contributes around 40% towards total industrial production.

Ramit Arora

Financial Friend for SMEs

An online small business platform that creates access to a competitive environment of lenders to empower the entrepreneur—Biz2Credit was founded in 2007. The online platform matches entrepreneurs with credit solutions based on their business profile and preferences in a safe and price transparent environment.

With over 10 years of experience in the financial services space, Ramit Arora, Co-Founder and President of Biz2Credit, heads the company’s operations and handles larger bank and client relationships.  He also oversees all strategic web initiatives for the company.

Guidelines for lending to SMEs: RBI

Seeking financial support is still considered to be a tough task for entrepreneurs. In order to streamline the processes involved in this, and in order to bring more clarity on the subject -- the Reserve Bank of India has set up guidelines for financial banks for lending loans to Small and Medium Enterprises in the country.

The ABCs of Applying Business Loans

The first thing that will come to anyone’s mind when  planning to start a new business or thinking of expanding the  current business, is applying for a business loan to meet the initial capital. Unlike the previous decade, a number of banks are welcoming open handedly the SME’s with attractive schemes and door step services.



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