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What is a Micro Business Loan and Who Should Apply?

aayushsahu
08/06/25 4:43 PM GMT
A micro business loan offers small-ticket funding to startups, vendors, and solo entrepreneurs. Loan amounts typically range from ₹10,000 to ₹5 lakhs. Ideal for short-term needs like inventory, rent, or marketing, these loans come with fast approvals and minimal documentation. Government schemes and NBFCs both offer microloans. Ensure timely repayment to build credit and become eligible for larger loans in the future. These loans are a lifeline for grassroots businesses.

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