Promote your Small Business in Hyderabad: Credit and Loan Facilities

credit loan facilities

Owing to the convenience in regulations and presence of extensive plots, Hyderabad houses more than 1,300 IT and ITeS companies in India. Also, due to the rapid industrialisation, the capital city of Telangana has become another major hub for start-ups and small businesses after Bengaluru.

The availability of business loan in Hyderabad has further eased the process of establishing firms in this city. According to the recent figures, it has been observed that the city is best suited for hardware industries in the sector of computer and electronics.

Credit and loan facilities for small businesses

Due to the burgeoning business ideas from engineers and other graduates, the government has launched various schemes to help the small business owners. The financial assistance extended will aid them in expanding their infrastructure and promote sales.

All these are directly proportional to the growth of a business. Make sure you have the necessary capital to invest in your business initially. Only then you can look to get hold and implement the tips to expand your business to another city.

Here is a list of ways by which you can gain access to various sources of finance to meet your business needs –


  • PMMY


Pradhan Mantri Mudra Yojana or PMMY is a standalone scheme where small business owners can avail loans primarily under three categories – Shishu, Kishore and Tarun categories, based on their business turnover amount.

The amount can be anything between Rs.50,000 and Rs.20 Lakh for sectors including manufacturing, services, trading, etc. The Yojana provides personal loan for self-employed beneficiaries, looking for ways to grow their business.

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  • Stand_Up India


This scheme was launched a year after PMMY, and under this scheme, you can avail loans up to Rs.1 crore. With this loan, you can get up to 75% coverage of the cost of establishing your firm and also build your business brand.

You can also enjoy the benefits of a moratorium period of 18 months before you start to repay after availing this small business loan in Hyderabad. When you apply for a loan under this scheme, most lenders also allow you to repay it over a longer tenor period.


  • Start-Up India


Startup India was launched in 2015 to encourage entrepreneurship as well as aid in job creation. The scheme offers financial assistance of up to Rs.10,000 for 4 years. You can also gain income tax exemption under this scheme if your business’ yearly turnover does not exceed Rs.25 crore.


  • Business loans from NBFCs


Other than the government schemes, you can also opt for SME loans offered by various Non-Banking Financial Companies. They demand minimum documentation and disburse the loan amount within a day to help you gain access to the finance faster.

This small business loan in Hyderabad can help you fund your machinery purchases and inventory management. You can also enhance your working capital with this loan amount.

Nevertheless, to land on the best deal for your business, ensure that you are aware of the prerequisites and then apply. In this regard, reputed financial institutions like Bajaj Finserv provide Business Loans at competitive interest rates to help customers fund their small businesses. Business Loan Interest rates are very minimal and designed accordingly, even for small businesses and for large scale businesses.

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They also extend pre-approved offers to ease the loan application process and make it faster. These pre-approved offers are available on financial products such as home loans, personal loans, business loans, etc.

Expansion is the key to business growth. Hence, with rising entrepreneurship, it is expected that more initiatives will come up and small business loan in Hyderabad are supposed to become a commonplace.

Most importantly, it is essential to analyse the business needs first and then zero in on the loan. This will guide you in making an informed decision regarding availing a loan.

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