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Everything You Need to Know About Business Credit line

As per the Udyog Aadhaar Memorandum (UAM) filings, as on 31st December 2016, there are 20,03,673 micro enterprises, 8,781 medium firms, and 2,28,008 small enterprises.  While the number of UAM filings from the manufacturing sector was 9,93,735, that of the services sector was 12,56,239. In 2014-2015, Micro, Small, and Medium Enterprises (MSMEs) contributed to 30.74% of the GDP.  Non-banking financial institutes (NBFCs), and housing finance companies extended Rs. 2.59 lakh crore in credit to businesses, in FY17. Their contribution constituted almost 18% of the total credit needs of the businesses. MSMEs have easy access to the business loans from the NBFCs. A Business Loan Bajaj Finance provides flexible business loans to enterprises. Here’s all you need to know ab...