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Loan for new micro industry business
Sir, can a new micro enterprise I.e. going to get setup, can get loan for purchase of old machine amounting to Rs. 18 lac approx. Factory will be of wire cutting steel business. Is there any Government scheme pertaining to this or is there any specific bank that I should approach. Kindly provide your suggestions
Replies (1)
generally bank prefers to give loans for purchase of new machineries howere many nationalised banks give finance for purchase of old machinery which will be to the extent of 60% of the value of machineries you can contact any nationlised bank for the same.
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