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Anonymous

Hey I am on Medial • 4m

Is it possible to get a loan under mudra scheme for a 20 year old for building startup I’m salaried ( 7.2 LPA CTC) 8 months of experience I don’t have good cibil score coz i never took a loan before I want to quit my job to fully concentrate on

Hemant Prajapati
•

Techsaga Corporations • 4m

Surely No

Anonymous

Hey I am on Medial • 4m

Reason?

Hemant Prajapati
•

Techsaga Corporations • 4m

If you're planning to quit your job, it means you'll not be having an active income. Additionally, you won't have prior experience building such product to show some proofs. As per my knowledge, govt can provide loan to salaried individual but not

Anonymous

Hey I am on Medial • 4m

What if i have a solid business plan and some early revenue

Hemant Prajapati
•

Techsaga Corporations • 4m

Sorry to say, the world of finance don't works on emotions it's all about numbers.

Anonymous

Hey I am on Medial • 4m

Yeah make sense but mudra loan is to help small and medium enterprises right ? So a risky business is able to get loan ?

Hemant Prajapati
•

Techsaga Corporations • 4m

It's good that you're looking to start business but firstly you must check out the eligibility criteria as well...

Anonymous

Hey I am on Medial • 4m

Yeah, Thanks for your time

1 replies1 like

Replies (1)

Wajid Rahemani

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Can you tell me how much money you need for a startup?

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