If you have a plan to start your venture, you need to factor in the expenses and start investing to build a start-up kitty. These loans are much easier to get than a direct business loan from a typical bank for first time start-ups. Most nationalised banks will give it as a cash credit or an overdraft based on stock. CROWDFUNDING AND GOVERNMENT SCHEMESCrowdfunding is raising money for your start-up from a large number of people through online platforms such as Wishberry and Kickstarter. There are also many government schemes, both state and Central, that fund start-ups, for instance, Start Up India and MSME scheme.
Source: Mint May 25, 2019 03:54 UTC