loan for start a new business

M

manishagothi

New Member
hello sir/ madam,
i am manisha gothi i have a self help group in chandigarh slum aria, there is 17 women in our group, our total transduction is 100000/-, i want to start a small business, i want to know that which tipes business can i start in slum area, i also want loan for start a small business. please give me some information.
 

Dear Manisha,
Thanks lot for your efort. I will be happy if I able to guide you as per my experience. I am a social worker organige so many project in verious places in India. I can give you thousand project. But any project should be Identified from your own because of avaibility and selling both should be based on local market to stand quick and get result. I dont know your groups social,educational and cultural background of the group member.
Which is most important factor of identifyng a suitable project. Regarding finance you may talk to SBI branch manager or PNB manager to oppon the bank a/c of the groups
and they may also guide you to identify the progect. They also finance for self helf group but most suitable bank is any co oparetive bank exist if any in your city like either hariyana or punjab state co oparetive bank. Because SHG is a kind of co operetive efforts.
Wish you good luck and all sucess.
With Regard
Sukumar
 
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If you are looking for loan to small business, you can search for financial companies who provide loans at low interest and reliable. You can also look for loans from co-operative sector or private sector financial companies like Bajaj Finserv Lending. Actually a main concern that lenders will be having for small business startup loan is that how you are going to pay them back. Mainly you shouldn't explain your complete business plan to justify the required amount. Instead, use your business plan to determine how much amount you required.
 

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