Jaipur is a hub of businesses and enterprises largely contributing to the Small Scale Industry (SSI) sector and Micro, Small and Medium Enterprises (MSMEs) engaged in the manufacturing and selling of antiques, handicrafts, gems, pottery, carpets, jewelry items, and leather products.
To start small scale businesses, startups, or MSMEs, the people of Jaipur shall opt for business loans, term loans or working capital loans offered by various private and public sector banks, Non-Banking Financial Companies (NBFCs), Small Finance Banks (SFBs), Regional Rural Banks (RRBs) and Micro Finance Institutions (MFIs).
| Interest Rate | 16% p.a. onwards |
|---|---|
| Loan Amount | Max. up to Rs. 1 crore, can exceed depending upon business requirements |
| Repayment Tenure | From 12 months to 5 years |
| Collateral | Not required (Besides equipment finance, machinery loan and invoice discounting) |
| Age Criteria | Min. 18 years and Max. 65 years |
