Every Micro, Small and medium businesses success is completely dependent on three pillars :
- Business Idea
- Hard work
- Capital Investment
While the first two are completely under the control of the Business owner, last one which is Funding/Capital investment is a difficult task for a business. As per the recent announcement made by the Finance Ministry at "support and outreach initiative for MSME sector" on 2nd November 2018, Now businesses (MSME’s) can avail a collateral free loan in just 59 Minutes. This move will help MSME segment to grow, expand and sustain both in national and international markets. Getting credit is a big task for any MSME in India with this new path every MSME will get access to a loan equally with minimum hassle.
LegalDocs supports and respects this ministry’s initiative, and will help SMEs to get maximum benefits of this scheme.