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ECLGS Scheme: Eligibility, Benefits, and Application Process

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The Covid-19 pandemic significantly impacted almost every industry, especially small and medium-sized enterprises (SMEs). To help MSMEs recover from the financial bash, the Indian Government launched the Emergency Credit Line Guarantee Scheme (ECLGS). The INR 20,00,000 crore economic package was announced by the Indian Finance Ministry and Financial Services Department on February 29, 2020. In this article, we will discuss the eclgs , its benefits, eligibility and application process.

7 Reasons Why Small Business Loans are Essential for Growth

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The reason for the growth of any business is attributed to the skilled staff they hired and the advanced equipment they invested in. These are both form the key components. In order to employ skilled staff and invest in cutting-edge equipment, the business requires a steady flow of cash, thus, the need for business loans comes.

Why Business Loans are Essential for Small Business Growth?

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Successfully running a business and growing it at the right time is a dream several millennials share today. New entrepreneurs have ideas they want to put into action and expand their horizons. However, they require labour, land, and capital to make it happen. That is when they decide to apply for a Business Loan.