Our prime minister has announced 20 lakhs of the stimulus package in which 3 lakhs crores has been allocated for Micro-Small-Medium Enterprises. The central government has already given permission for all the banks to sanction these MSME loans with a 100% capital guarantee. The applicant should be registered under MSME, based on the business factors banks sanction the loan amount. Existing loan holders can apply for 20% of their existing loan by reaching the bank where exactly they borrowed money. The bank charges 9.25% wherein NBFCs charges 14%. It's the greatest opportunity for all the MSMEs. In this video, C. S. Sudheer has given complete information about MSME loan
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