Where to get Startup loan from Govt. channels at cheap rates? -

I have very good ideas to start various businesses but don t know where to get finance for the startup. I need at least 10-15 lakhs to start and work for one year.I don t want to Go to private lending agencies and looking for Govt. channels like SIDBI etc who offer help to new entrepreneurs.Please answer here or can mail me at pankaj.ebiz@gmail.com

Hi pankaj, Most nationalised banks give collateral free loans to start-up entrepreneurs under the CGTMC scheme. SIDBI is a good option. In addition, you can also approach IDBI, SBI and Bank of Baroda. They all give loans under this scheme.Further, you can apply for angel investment to Indian Angel Network or Mumbai Angel Network( if you are in Mumbai). They have many angel investors who are willing to fund start-ups. You just need to write a neat business plan and approach them. I took angel funding from the Indian Angel Network for my start-up. It wasn t too complicated/difficult (provided you have the right idea).