Can Hero Fincorp SME finance can support your small business?

Contact Us
Hero FinCorp
09, Basant Lok, Vasant Vihar, New Delhi – 110057
Chennai
Delhi 110057 
india
Phone:18001024145
Customer.Care@HeroFinCorp.com

SMEs are an important part of the Indian economy and contribute significantly to its growth. With the right financial support, SMEs can scale up their businesses and create more employment opportunities.

SIDBI is a government-owned NBFC that provides financial assistance to SMEs through its various schemes such as the Credit Linked Capital Subsidy Scheme, the Interest Subvention Scheme, and the Mudra Yojana.

There are several programmes in India that focus on providing financial assistance to small and medium enterprises (SMEs). One such programme is the Prime Minister’s Mudra Yojana, which provides loans of up to Rs 10 lakh to small businesses.
Other financial support schemes for SMEs in India include the Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGFSMSE), the Prime Minister’s Employment Generation Programme (PMEGP), and the scheme for setting up Mahila Mandals/Clusters under the Mahila Samriddhi Yojana.

Under the CGFSMSE, collateral-free loans are extended to micro and small enterprises by banks and financial institutions. The scheme also provides credit guarantee cover for loans extended by banks to eligible SMEs.

The PMEGP is a central government scheme that provides financial assistance to unemployed youth for setting up new businesses. A loan of up to Rs 25 lakh can be availed under this scheme for manufacturing units.

The scheme for setting up Mahila Mandals/Clusters under the Mahila Samriddhi Yojana provides financial assistance to women’s groups for setting up enterprises. A loan of up to Rs 5 lakh can be availed under this scheme.

There are several non-banking financial companies (NBFCs) in India that focus on providing financial assistance to small and medium enterprises (SMEs). One of the leading NBFCs that offer SME finance includes Hero Fincorp. It offers a range of financial products and services to SMEs like Hero Fincorp SME finance loan. The NBFC would offer customised solutions to meet the specific needs of your businesses.

There are several other leading private sector banks in India that offers a wide range of banking and financial services to SMEs. These banks have dedicated SME Banking Divisions that offers comprehensive solutions to meet the financial needs of businesses.

But with so many different lenders and products on offer, how do you know which one is right for your business? First and foremost, you’ll need to consider the type of finance that you need. Are you looking for a short-term loan to cover some immediate costs? Or do you need a longer-term loan for business expansion? Once you know the purpose of the loan, you can start to narrow down your options.

Next, you’ll need to think about the repayment terms that you’re comfortable with. Some loans may require you to make repayments on a daily or weekly basis, while others may give you the option of making monthly repayments.
NBFCs play an important role in providing financing to small businesses in India. With the right financial support, SMEs can scale up their businesses and create more employment opportunities.

Contact Us & Send Query-
Hero FinCorp Limited
09, Basant Lok, Vasant Vihar, New Delhi – 110057
Tel. 18001024145
Email Id: Corporate.Care@HeroFinCorp.com

Website- https://www.herofincorp.com/
URL- https://www.herofincorp.com/business-loan

https://www.facebook.com/herofincorpofficial/

https://www.linkedin.com/company/hero-fincorp-ltd/