{"id":3369,"date":"2018-04-26T03:41:38","date_gmt":"2018-04-25T22:11:38","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=3369"},"modified":"2019-09-25T17:42:19","modified_gmt":"2019-09-25T12:12:19","slug":"government-loans-small-scale-businesses","status":"publish","type":"post","link":"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/","title":{"rendered":"Government Loans for Small Scale Businesses"},"content":{"rendered":"

Small Scale Businesses\u00a0<\/strong>or industries need better support and financial aid in order to have proper growth and flourish well in the face of stiff competition from companies or organisation that are privately funded or have an established presence in the market.<\/p>\n

\n
\n

Financing Facilities available for Small Scale Businesses<\/h2>\n

There are many different facilities as per which loans or financing options are available to small scale businesses and their entrepreneurs. Some of the more popular ones are as follows<\/p>\n

    \n
  1. Working Capital Finance<\/strong>\u00a0\u2013 Can be availed through direct funding or a letter of credit. This kind of financing can help aid in the operating expenses of a business and it can also help in purchasing assets related to small scale businesses<\/li>\n
  2. Corporate Term Loans<\/strong>\u00a0\u2013 Applied and used for starting new ventures, in the running of existing business or for expansion in any particular market<\/li>\n
  3. Term Finance<\/strong>\u00a0\u2013\u00a0Term Loans\u00a0are helpful in purchasing fixed assets like buildings, machinery and the like. With floating interest rates, these loans generally have a repayment period that could go up to 10 years<\/li>\n<\/ol>\n

    Specific types of Loans available from Public Sector Banks<\/h2>\n

    The aforementioned banks have a variety of schemes under which operating finance is provided to small businesses. An overview of such schemes as per specific banks is mentioned below.<\/p>\n

      \n
    1. State Bank of India<\/strong>\u00a0\u2013 Probably the first destination for most small scale entrepreneurs, SBI offers loans and schemes through multiple channels to allow a holistic financial support for small scale businesses. The bank extends specialised help to agricultural businesses and has set up specific centres that are present in rural and semi-urban branches. A few of its schemes pertaining to the development of agriculture are<\/li>\n<\/ol>\n
        \n
      1. \n
          \n
        1. Crop Loan<\/li>\n
        2. Horticulture Financing<\/li>\n
        3. Farm Mechanisation Schemes<\/li>\n
        4. Land Development Schemes<\/li>\n
        5. Minor Irrigation Projects<\/li>\n
        6. Agricultural Term Loans<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n

          Some of its funding schemes for businesses other than agriculture are as follows<\/p>\n

            \n
          1. Working Capital Finance<\/li>\n
          2. Corporate Term Loans<\/li>\n
          3. Deferred Payment Guarantees<\/li>\n
          4. Project Finance<\/li>\n
          5. Structured Finance<\/li>\n<\/ol>\n
              \n
            1. Bank of Baroda<\/strong>\u00a0– This bank has a few schemes aimed at providing financial aid to small scale entrepreneurs but they have been quite effective nonetheless and are quite popular in the same sector. The schemes offered by Bank of Baroda can be listed as below-\n
                \n
              1. Working Capital Finance<\/li>\n
              2. Term Finance<\/li>\n
              3. Small and Medium Enterprise Loan Pack<\/li>\n
              4. Small Business Borrowers<\/li>\n
              5. Traders Loan<\/li>\n<\/ol>\n<\/li>\n
              6. Andhra Bank<\/strong>\u00a0– There are a variety of schemes offered by Andhra Bank and these mainly cater to the corporate and agricultural sector. A few of the important loan schemes available for small scale businesses are –\n
                  \n
                1. Working Capital Loans<\/li>\n
                2. Export and Import Finance<\/li>\n
                3. Advance against Shares<\/li>\n
                4. Term Finance<\/li>\n
                5. Corporate Loans<\/li>\n
                6. Project Finance<\/li>\n
                7. Infrastructure Project Finance<\/li>\n
                8. Kisan Vikas Card<\/li>\n
                9. Kisan Sampathi<\/li>\n
                10. Self Help Groups-Bank Linkage Programme<\/li>\n
                11. Kisan Green Card<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n

                  Loan Schemes and Facilities initiated by the Government of India<\/h2>\n

                  Apart from banks which provide financial support to small business through special loan schemes, the government of India has also set up schemes and makes use of different associations in order to zero in on businesses which might require financial support. Most of the programmes initiated by the government are implemented through the following organisations<\/p>\n

                  Small Industries Development Organisation (SIDO)<\/h3>\n

                  It serves to promote and helps in development of small scale industries. The major functions of this entity are as follows<\/p>\n

                  Advising the government on new schemes for small scale industriesConducting surveys on the small scale industry sector and ascertaining key growth factors<\/p>\n

                  Liaison with central ministry, planning commission, state governments, financial institutions and other organisations related to the development of small scale businessesHelping in linking small scale industries to large and medium scale industriesDevelopment of human resources through training and skill upgrades<\/p>\n

                  For the above-mentioned functions, some of the schemes put forth by SIDO are as follows<\/p>\n

                  Credit Linked Capital Subsidy Scheme for Technology Upgradation<\/p>\n

                  Credit Guarantee Scheme<\/p>\n

                  ISO 9000\/ISO 14001 Certification Reimbursement Scheme<\/p>\n

                  Integrated Infrastructure Development (IID Scheme)<\/p>\n

                  SSI MDA Scheme<\/p>\n

                  Assistance to Entrepreneurship Development Institutes<\/p>\n

                  Micro Finance Programme<\/p>\n

                  National Small Industries Corporation Limited (NSIC)<\/h3>\n

                  Established to provide specially tailored schemes that facilitate<\/p>\n

                  Marketing support through promotion and other contemporary means of marketingCredit support through functions like<\/p>\n

                  Equipment financing<\/p>\n

                  Raw material procurement financing<\/p>\n

                  Marketing activities financing<\/p>\n

                  Bank-syndication aided financing<\/p>\n

                  Performance and credit rating system<\/p>\n

                  Technology support which allows material testing, implementation of new techniques, energy and environment services and training facilities<\/p>\n

                  Small Industries Development Bank of India (SIDBI)<\/h3>\n

                  Established in 1990, this institution is by far the most popular one when considering the growth and development of small businesses. The schemes provided by SIDBI<\/a> are as follows<\/p>\n

                  Direct Assistance SchemeIndirect Assistance SchemePromotional and Development ActivitiesNational Equity Fund, SchemeTechnology Development and Modernization Fund SchemeSingle Window SchemeMahila Udyam Nidhi (MUN)Scheme and Equipment Finance Scheme<\/p>\n

                  National Bank for Agriculture and Rural Development (NABARD)<\/h3>\n

                  It promotes mainly agro-based rural businesses. The financial aid offered by NABARD is extended mainly to cottage and village industries<\/p>\n

                  World Association for Small and Medium Enterprises (WASME)<\/h3>\n

                  It is the only non-government organization for SMEs in India. Apart from promoting the development of small and medium businesses in the country, it also provides some subsidized schemes for the growth of rural industries<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

                  Small Scale Businesses\u00a0or industries need better support and financial aid in order to have proper growth and flourish well in the face of stiff competition from companies or organisation that are privately funded or have an established presence in the market. Financing Facilities available for Small Scale Businesses There are many different facilities as per … Continue reading “Government Loans for Small Scale Businesses”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-3369","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\r\nGovernment Loans for Small Scale Businesses - Antworks Money<\/title>\r\n<meta name=\"description\" content=\"Government Loans for Small Scale Businesses - Financing Facilities available for Small Scale Businesses: There are many different...\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Government Loans for Small Scale Businesses - Antworks Money\" \/>\r\n<meta property=\"og:description\" content=\"Government Loans for Small Scale Businesses - Financing Facilities available for Small Scale Businesses: There are many different...\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antworksmoney\/\" \/>\r\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/antworksmoney\" \/>\r\n<meta property=\"article:published_time\" content=\"2018-04-25T22:11:38+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2019-09-25T12:12:19+00:00\" \/>\r\n<meta name=\"author\" content=\"Team Antworks\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@AntworksMoney\" \/>\r\n<meta name=\"twitter:site\" content=\"@AntworksMoney\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Antworks\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/\"},\"author\":{\"name\":\"Team Antworks\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/99145cefcc01e42af38c385eeecef0b7\"},\"headline\":\"Government Loans for Small Scale Businesses\",\"datePublished\":\"2018-04-25T22:11:38+00:00\",\"dateModified\":\"2019-09-25T12:12:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/\"},\"wordCount\":852,\"publisher\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/\",\"name\":\"Government Loans for Small Scale Businesses - Antworks Money\",\"isPartOf\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#website\"},\"datePublished\":\"2018-04-25T22:11:38+00:00\",\"dateModified\":\"2019-09-25T12:12:19+00:00\",\"description\":\"Government Loans for Small Scale Businesses - Financing Facilities available for Small Scale Businesses: There are many different...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.antworksmoney.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Government Loans for Small Scale Businesses\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#website\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/\",\"name\":\"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.antworksmoney.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#organization\",\"name\":\"antworksmoney.com\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg\",\"contentUrl\":\"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg\",\"width\":335,\"height\":328,\"caption\":\"antworksmoney.com\"},\"image\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/antworksmoney\/\",\"https:\/\/twitter.com\/AntworksMoney\",\"https:\/\/www.linkedin.com\/company\/13288601\/\",\"https:\/\/in.pinterest.com\/antworksmoney\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/99145cefcc01e42af38c385eeecef0b7\",\"name\":\"Team Antworks\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6afb55cf81386baf97744c05fab72eb119a8574a923469f78eae31fde6ccac5f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6afb55cf81386baf97744c05fab72eb119a8574a923469f78eae31fde6ccac5f?s=96&d=mm&r=g\",\"caption\":\"Team Antworks\"},\"sameAs\":[\"https:\/\/www.antworksmoney.com\/\",\"https:\/\/www.facebook.com\/antworksmoney\",\"https:\/\/twitter.com\/@AntworksMoney\"],\"url\":\"https:\/\/www.antworksmoney.com\/blog\/author\/admin-2\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Government Loans for Small Scale Businesses - Antworks Money","description":"Government Loans for Small Scale Businesses - Financing Facilities available for Small Scale Businesses: There are many different...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/","og_locale":"en_US","og_type":"article","og_title":"Government Loans for Small Scale Businesses - Antworks Money","og_description":"Government Loans for Small Scale Businesses - Financing Facilities available for Small Scale Businesses: There are many different...","og_url":"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/","og_site_name":"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments","article_publisher":"https:\/\/www.facebook.com\/antworksmoney\/","article_author":"https:\/\/www.facebook.com\/antworksmoney","article_published_time":"2018-04-25T22:11:38+00:00","article_modified_time":"2019-09-25T12:12:19+00:00","author":"Team Antworks","twitter_card":"summary_large_image","twitter_creator":"@AntworksMoney","twitter_site":"@AntworksMoney","twitter_misc":{"Written by":"Team Antworks","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/#article","isPartOf":{"@id":"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/"},"author":{"name":"Team Antworks","@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/99145cefcc01e42af38c385eeecef0b7"},"headline":"Government Loans for Small Scale Businesses","datePublished":"2018-04-25T22:11:38+00:00","dateModified":"2019-09-25T12:12:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/"},"wordCount":852,"publisher":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#organization"},"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/","url":"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/","name":"Government Loans for Small Scale Businesses - Antworks Money","isPartOf":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#website"},"datePublished":"2018-04-25T22:11:38+00:00","dateModified":"2019-09-25T12:12:19+00:00","description":"Government Loans for Small Scale Businesses - Financing Facilities available for Small Scale Businesses: There are many different...","breadcrumb":{"@id":"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.antworksmoney.com\/blog\/government-loans-small-scale-businesses\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.antworksmoney.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Government Loans for Small Scale Businesses"}]},{"@type":"WebSite","@id":"https:\/\/www.antworksmoney.com\/blog\/#website","url":"https:\/\/www.antworksmoney.com\/blog\/","name":"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments","description":"","publisher":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.antworksmoney.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.antworksmoney.com\/blog\/#organization","name":"antworksmoney.com","url":"https:\/\/www.antworksmoney.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg","contentUrl":"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg","width":335,"height":328,"caption":"antworksmoney.com"},"image":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/antworksmoney\/","https:\/\/twitter.com\/AntworksMoney","https:\/\/www.linkedin.com\/company\/13288601\/","https:\/\/in.pinterest.com\/antworksmoney"]},{"@type":"Person","@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/99145cefcc01e42af38c385eeecef0b7","name":"Team Antworks","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6afb55cf81386baf97744c05fab72eb119a8574a923469f78eae31fde6ccac5f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6afb55cf81386baf97744c05fab72eb119a8574a923469f78eae31fde6ccac5f?s=96&d=mm&r=g","caption":"Team Antworks"},"sameAs":["https:\/\/www.antworksmoney.com\/","https:\/\/www.facebook.com\/antworksmoney","https:\/\/twitter.com\/@AntworksMoney"],"url":"https:\/\/www.antworksmoney.com\/blog\/author\/admin-2\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=3369"}],"version-history":[{"count":2,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3369\/revisions"}],"predecessor-version":[{"id":9145,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3369\/revisions\/9145"}],"wp:attachment":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=3369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=3369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=3369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}