Business Loan Guide for Singrauli Entrepreneurs
Need capital to start or grow your business? Here's everything about getting business loans in Singrauli.
Types of Business Loans
| Scheme | Loan Amount | Interest | For Whom |
|---|---|---|---|
| Mudra Shishu | Up to ₹50,000 | 10-12% | New businesses |
| Mudra Kishore | ₹50K - ₹5 Lakh | 10-14% | Growing businesses |
| Mudra Tarun | ₹5L - ₹10 Lakh | 12-16% | Established businesses |
| PMEGP | Up to ₹50 Lakh | 11-12% | Manufacturing/Service |
| Bank Term Loan | ₹10L+ | 10-14% | Expansion/Machinery |
| NBFC Loan | ₹1L - ₹50L | 15-24% | Quick disbursement |
Mudra Loan — Best for Small Business
What is Mudra Loan?
Government scheme for micro enterprises. No collateral required up to ₹10 lakh.Eligibility:
- Any Indian citizen
- Non-farm income-generating activity
- Not a defaulter to any bank
Categories:
Documents for Business Loan
Identity & Address:
- Aadhaar Card
- PAN Card
- Address proof (utility bill/rent agreement)
Business:
- Business registration (GST/Udyam/Trade License)
- Bank statements (6-12 months)
- ITR (if available)
- Business plan (for new ventures)
Financial:
- Quotation for machinery/inventory
- Property documents (if secured loan)
Banks Providing Mudra Loans in Singrauli
How HCS Helps with Business Loans
Loan Documentation Service
| Service | Price |
|---|---|
| Mudra loan documentation | ₹1,499 |
| PMEGP application | ₹2,999 |
| Bank loan file preparation | ₹1,999 |
| Business plan | ₹2,499 |