Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 31 Government Loans for Small Scale Businesses

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Perks
    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 21.00% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    0 One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.70% - 11.70% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11% - 16.49% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.75% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

    Government Loans for Small Scale Businesses is Rated as "Great!" by 77002 Users

    Fees & Charges

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    Personal Loan BYTES FROM OUR KITCHEN

    How to get Government Loans for Small Scale Businesses

    Small Scale Businesses 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.

    Financing provided by the government is preferred because of lower rates available under government schemes. Such loans also help out in managing the day-to-day funding requirements of a business. There are many public sector banks which work in tandem with various government organisations to provide loans under government-aided schemes. Some of the prominent names are State Bank of India, Andhra Bank and Bank of Baroda, among others.

    Perfect Personal Loan Deals for you

    Financing Facilities available for Small Scale Businesses

    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

    1. Working Capital Finance – 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
    2. Corporate Term Loans – Applied and used for starting new ventures, in the running of existing business or for expansion in any particular market
    3. Term FinanceTerm Loans are 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

    Specific types of Loans available from Public Sector Banks

    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.

    1. State Bank of India – 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
      1. Crop Loan
      2. Horticulture Financing
      3. Farm Mechanisation Schemes
      4. Land Development Schemes
      5. Minor Irrigation Projects
      6. Agricultural Term Loans

    Some of its funding schemes for businesses other than agriculture are as follows

    1. Working Capital Finance
    2. Corporate Term Loans
    3. Deferred Payment Guarantees
    4. Project Finance
    5. Structured Finance
    1. Bank of Baroda - 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-
      1. Working Capital Finance
      2. Term Finance
      3. Small and Medium Enterprise Loan Pack
      4. Small Business Borrowers
      5. Traders Loan
    2. Andhra Bank - 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 -
      1. Working Capital Loans
      2. Export and Import Finance
      3. Advance against Shares
      4. Term Finance
      5. Corporate Loans
      6. Project Finance
      7. Infrastructure Project Finance
      8. Kisan Vikas Card
      9. Kisan Sampathi
      10. Self Help Groups-Bank Linkage Programme
      11. Kisan Green Card

    Loan Schemes and Facilities initiated by the Government of India

    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

    Small Industries Development Organisation (SIDO)

    It serves to promote and helps in development of small scale industries. The major functions of this entity are as follows

    Advising the government on new schemes for small scale industriesConducting surveys on the small scale industry sector and ascertaining key growth factors

    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

    For the above-mentioned functions, some of the schemes put forth by SIDO are as follows

    Credit Linked Capital Subsidy Scheme for Technology Upgradation

    Credit Guarantee Scheme

    ISO 9000/ISO 14001 Certification Reimbursement Scheme

    Integrated Infrastructure Development (IID Scheme)

    SSI MDA Scheme

    Assistance to Entrepreneurship Development Institutes

    Micro Finance Programme

    National Small Industries Corporation Limited (NSIC)

    Established to provide specially tailored schemes that facilitate

    Marketing support through promotion and other contemporary means of marketingCredit support through functions like

    Equipment financing

    Raw material procurement financing

    Marketing activities financing

    Bank-syndication aided financing

    Performance and credit rating system

    Technology support which allows material testing, implementation of new techniques, energy and environment services and training facilities

    Small Industries Development Bank of India (SIDBI)

    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 are as follows

    Direct Assistance Scheme

    Indirect Assistance Scheme

    Promotional and Development Activities

    National Equity Fund, Scheme

    Technology Development and Modernization Fund Scheme

    Single Window Scheme

    Mahila Udyam Nidhi (MUN)

    Scheme and Equipment Finance Scheme

    National Bank for Agriculture and Rural Development (NABARD)

    It promotes mainly agro-based rural businesses. The financial aid offered by NABARD is extended mainly to cottage and village industries

    Personal Loan Offers

    World Association for Small and Medium Enterprises (WASME)

    It is the only non-government organisation for SMEs in India. Apart from promoting the development of small and medium businesses in the country, it also provides some subsidised schemes for the growth of rural industries

    Apart from the national schemes and organisations mentioned in here, there are also separate entities and schemes set up by many state governments whose focus is aimed at supporting and aiding industries and businesses exclusive to particular states and regions.

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  • Government Loans for Small Scale Businesses Reviews

    • Bank Bazaar Customer Support
      "Great"
      0.5 4.5/5 "Excellent!"
      Great site, this will help the people to have one site with validation banks rather having different banks upload Need to have exposure from banks like how bankbazar reacts. Banks should also communicate the way bankbazaar works. All the best
      Was this review helpful? 0
      , secunderabad
      Reviewed on Jul 23, 2017
    • Bank Bazaar Customer Support
      "Best of Services bankbazaar.com"
      0.5 5.0/5 "Blown Away!"
      I am happy to use this site because here, I get quick service online and calling also. I am using this every month for searching for all products like cards, loan offers etc. I am very much thankful to you bankbazaar also easy to use their online services.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 23, 2017
    • ICICI Bank Personal Loan
      "Very bad, bad and bad"
      0.5 0.5/5 "Unacceptable"
      Hi all, I am serving Army man and approached the ICICI bank for the personal loan. They neglect me very badly. I am feeling very much ashamed. In my whole life I will never have a relation with such bank as they say they respect army, In reality they treat us like goons. My middle finger salute to ICICI.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 23, 2017
    • Citibank Personal Loan
      "Personal Loan process from citibank, as it is highly charged"
      0.5 1.0/5 "Really Bad"
      I hate taking loan from Citibank, also I will try to drop all my transactions that I make with citibank. Please avoid citibank banking. They will highly charge you when you are in need. I have been using citibank since 5 years once I need a loan and went for credit card loan they charged me 6 % more from outside market. i don't have options at that time so I was forced to take it. I closed the loan in 3 months due to high interest rate.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 22, 2017
    • Bank Bazaar Customer Support
      "Good"
      0.5 5.0/5 "Blown Away!"
      The call was quick and the Process was Pushed quick and instant Approvals was also great submitting documents online best of all that I think saved a lot of time and paper work Keep up the Good Work All the Best!!!Would definitely Recommend you guys .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 22, 2017
    • Bank Bazaar Customer Support
      "Superb"
      0.5 5.0/5 "Blown Away!"
      Instantly finished. Fast working. Process was very good. I don't know whether I am eligible for personal loan and also top up may be given to me or not. The bank bazaar mentioned the variation of each bank then only I select the best bank for emi rate of interest and repay the amount and also the eligibility, save money for a month, finally they are providing a T- shirt based on my review too.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 22, 2017
    • Bank Bazaar Customer Support
      "Quick service"
      0.5 4.0/5 "Great!"
      Quick service in any aspect of any loans. Good service in all aspects of service related queries & good response on time.. Anyway many many thanks to bankbazaar for providing best service to their valuable customers.. I had a great experience with bankbazaar as I had received the calls on time to time regarding the process of my Loan application. It's a best oriented website giving all the facilities to takes different loans in all categories.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 22, 2017
    • Bank Bazaar Customer Support
      "Waiting"
      0.5 4.5/5 "Excellent!"
      I'm waiting for my loan to be approved I'll provide best feedback if approved I'll be very much glad to refer my friends and family regards to bankbazaar so that in future any loans are required I'll try to contact bankbazaar for any help thanks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 22, 2017
    • Bank Bazaar Customer Support
      "Personal loan "
      0.5 3.0/5 "Satisfactory"
      Great going...This is the fastest site to help customers. I am satisfied with this site...Well done and good job...nice services...I had a great experience and I got fastest reply. I hope you will continue giving this type of services to customers too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 22, 2017
    • Bank Bazaar Customer Support
      "Thanks For Support My Credit Card application."
      0.5 5.0/5 "Blown Away!"
      I had got good response from bankbazaar on my loan application. I approached bankbazaar for my requirement and submitted my loan application on the website. On which they responded and provided a good service. Their website is good and it is easy to handle.
      Was this review helpful? 0
      , madurai
      Reviewed on Jul 22, 2017
    • Bank Bazaar Customer Support
      "Great and needful, its very simple "
      0.5 4.5/5 "Excellent!"
      Bank bazaar process is very easy and their representatives are also very kind .I love it, I will tell all my friend who need card and loan . It is a great source to find happiness !!! love it and I am very much happy with the site bankbazaar.com.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 21, 2017
    • Bank Bazaar Customer Support
      "Personal Loan"
      0.5 4.0/5 "Great!"
      I am very much happy with bankbazaar, it was a great experience too. I had received a call from your side with your nice warm welcoming words,,, it's great experience in my life. I am very happy for the same... I hope you would give the same sort of service for a long time,, very great work , Keep it up!!!
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 21, 2017
    • Bank Bazaar Customer Support
      "Nice App.Thanks For Support My Credit Card application."
      0.5 5.0/5 "Blown Away!"
      Thank You Bank Bazaar Team. I would suggest Bankbazaar to provide assistance in Marathi language too, as your executives always say "Sir please speak in English or Hindi''. I am not sure what is the problem conversing in marathi, please make sure all regional language operators are available to provide customers support .
      Was this review helpful? 0
      , pune
      Reviewed on Jul 21, 2017
    • HDFC Bank Personal Loan
      "Useless bank"
      0.5 0.5/5 "Unacceptable"
      Dont apply personal loan with HDFC. 1st they will call you telling, Sir you have a HDFC salary account so you are eligible PL for 3 lakhs, when i applied they said sir your personal loan is rejected as it did not met internal policies. My Cibil was 765 No other loans PAN CARD AADHAR is upto the mark Salary is 36K take home Address proof also is Authentic. Then why, they only say did not met internal criteria, if did not met that, why the hell you call at all asking us to take a loan with you(HDFC). Opt for ICICI or Axis guys don't use HDFC. Regards
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 21, 2017
    • Bank Bazaar Customer Support
      "Personal loan"
      0.5 4.5/5 "Excellent!"
      Hi this is jo , I have applied for the loan at bankbazaar loan as it is a very easy process for the personal loan , So, please you people also apply for the loan online through bankbazaar site. Also I am sharing this my friends , also I would like to thank bankbazaar for the same.
      Was this review helpful? 1
      , vijayawada
      Reviewed on Jul 20, 2017
    • Bank Bazaar Customer Support
      "GUIDANCE"
      0.5 5.0/5 "Blown Away!"
      This is the very first time I approached bankbazaar, also I am very much satisified with all their steps for searching for my product. It happens, some times where people would not be interested in doing online search, but here after gaining sufficient information I would recommend all my friends, relatives to give a try atleast once. My hearty thanks to the team Bankbazaar.com for providing their valuable time for their customers in a proper way. Hope they would get back to me with a favourable reply on time.
      Was this review helpful? 0
      , bhopal
      Reviewed on Jul 20, 2017
    • SBI Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from State Bank of India and the process for it was smooth. I did not have much of a documentation process and also I did not get the loan on time. The rate of interest and processing charges were very much normal too. But on the other hand, after loan services were very much hassle free.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2017
    • Bank Bazaar Customer Support
      "Overall a good experience "
      0.5 3.0/5 "Satisfactory"
      The services rendered by bankbazaar is really great and I had a lot of follow up calls from them. The response was prompt from the moment I registered with them. It would have been better, if the companies whom they connect the customer too is also responsive. Lastly, the website is very much user friendly.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2017
    • Citibank Personal Loan
      "Not professional"
      0.5 1.0/5 "Really Bad"
      As a matter of fact, Citibank collected all my documents and after which they did not process my personal loan request and did not get back to me as well. It was not a very good experience as they were not very much professional. Not too sure on the interest rate and processing charges too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2017
    • Bank Bazaar Customer Support
      "I had got good response from bankbazaar on my loan applicati"
      0.5 2.5/5 "Just OK"
      I had got good response from bankbazaar on my loan application. I approached bankbazaar for my requirement and submitted my loan application on the website. On which they responded and provided a good service. Their website is good and it is easy to handle.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 19, 2017
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