Sunday, April 20, 2008
SIDBI's Role In CGTMSE for Young Indian Businessman.
Regarding Credit Guarantee Fund Trust For Micro & Small Enterprise, the new set up by SIDBI and Govt Of India
You need a brilliant business idea, and should write an excellent business plan.
This is a loan with out any collateral. A feasiblelity of the business plan is required for getting the loan up to Rs 50 Lacks (US $ 125000).
This loan is with a low rate of interest, disbursements will done by listed nationalized and private banks in India. As far as I know the interest rates are not be very high, of course depending upon the strength of the project, size of the project and the ROI, it may vary.
If you have any more information about this please share it with me.