"India is a growing superpower in the world. Micro, Small, and Medium Scale Enterprises (MSME) significantly affect the country’s socioeconomic development. These organized or unorganized companies contribute directly to India’s GDP and exports. Apart from the economic benefits, they are also a huge source of employment for the people of India.
India had 7.9 million registered micro, small and medium enterprises in October 2022. It contributes to 33% of the Indian GDP. The MSMEs generated more than 120 million employment opportunities in FY’22.
The Government of India has taken futuristic steps to encourage these startups. Giving loans, subsidies, and improving the ease of business were key factors driving this trend. Finance is one of the key factors that keep any business running. Offering business loans by the Government is a key step to drive their success.
This article discusses the best business loans by the Government of India. It also briefs about the interest rates, eligibility criteria, documents required, etc., for each loan.."
https://www.cheggindia.com/earn-online/business-loan-by-govt-of-india/