New Delhi, Feb. 18 -- Economic success and creation of new jobs alongside innovation and growth stems from micro small and medium-sized enterprises (MSMEs). Securing finance has always proven challenging due to the necessity of collateral. The program creates an opportunity for MSMEs to acquire loans worth up to Rs.1 crore without requiring any security pledges.

This article details the collateral-free business loan program which discusses both implementation and eligibility qualifications and features together with the loan process described specifically for MSMEs.

A collateral-free MSME loan is an unsecured business loan which supports micro small and medium companies by dispensing with requirements for security in the form of real es...