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How to get 3 lakh crores MSME loans from the government?

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

 
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