Vishal Mega Mart,Haridwar Uttarakhand

Office Address

  • 121 King Street, Australia
  • (00) 2500-123-4567


Social List

Micro Loan

What is Micro Loan

Small businesses make up for a large percentage of the economy coming into the Indian government. However, start-ups like these often struggle to meet their financial requirements which are needed to run their businesses, creating undue hold ups in sustenance. In such situations, micro loans are very helpful in providing small financial aid to small businesses, including start-ups, micro enterprises/entrepreneurs, self-employed professionals and other individuals who have low capital requirements.

Micro loans are short-term loans which comprise of smaller loan amounts which are extended to lower income entities including micro-enterprises/entrepreneurs, low income group families, start-ups, small businesses and basically anyone who is falling short of financial aid to run their businesses and have little to almost no access to this aid.

Leverage agile frameworks to provide a robust synopsis for high level overviews. Iterative approaches to corporate strategy foster collaborative thinking to further the overall value proposition. Organically grow the holistic world view of disruptive innovation via workplace diversity and empowerment. Capitalize on low hanging fruit to identify a ballpark value added activity to beta test. Override the digital divide with additional clickthroughs

Micro Loan बोले तो सिर्फ - Shiv Shakti Finance "भरोसे का पक्का प्रतीक "

Objectives of Micro Finance Loans

  • Promoting socio-economic development
  • Promoting start-ups
  • Reinforcing self-help groups
  • Encouraging female entrepreneurs to be more independent

Who Avails Micro Finance Loans

  • Unemployed people
  • Female entrepreneurs
  • Small scale retailers
  • Self-employed people
  • Minimum wage workers/labourers
  • Minorities
  • Low income group

Eligibility Criteria for Micro Loans

The following documents are required when applying for a micro loan

  • Identify proof – Know Your Customer (KYC) documents such as PAN card, Aadhar card, driver’s license, voter’s ID, etc.
  • Proof of Income – Income tax return copies of minimum 1 year validity, 6 months recent bank statements, profit and loss statement of the recent most two years and an audit balance sheet.
  • Proof of Address – Electricity bill, trade licence, telephone bill, passport and/or lease agreement.
  • Proof of Business Ownership – Business registration certificates, tax records, partnership as well as private limited company deeds as well as any other ID or Address proof documents as required by the financing company.