Facebook’s gift to small Businessmen, Know How one can get loan up to Rs 50 Lakh

Facebook has given a big gift to the Indian people. Actually, Facebook has announced to give loans to people doing small business or thinking of starting a small business in 200 cities of India.
Facebook’s gift to small Businessmen, Know How one can get loan up to Rs 50 Lakh
Image Credit: Abp News

Facebook has given a big gift to the Indian people. Actually, Facebook has announced to give loans to people doing small business or thinking of starting a small business in 200 cities of India. Facebook has given a big gift to the Indian people. Actually, Facebook has announced to give loans to people doing small business or thinking of starting a small business in 200 cities of India. People starting a small business can now take loans from Rs 5 to Rs 50 lakh from Facebook.

Facebook has partnered with Indifi to give loans to its users. Under this partnership, Facebook will give loans to business starters, while the decision on how to recover that loan will be done by IndiFi.

Will give a loan at 17-20 percent interest rate

Launching this ambitious scheme, Ajit Mohan, Vice President and Managing Director of social media giants Facebook India said that business people will not have to pledge anything to take this loan. This loan company will provide at an interest rate of 17-20 percent. Apart from this, if the businesswoman does, then a discount of 0.2 percent will also be given by the company. He said that it is possible that after our move, many companies will do such work and increase the capital in the market.

Source: Google/ Image Credit: Dainik Bhaskar
Source: Google/ Image Credit: Dainik Bhaskar

Ajit said that at present, capital is needed to run small and small scale industries. Which are not easily available to the people. Facebook wants to overcome this capital problem and that is why the company has taken this initiative. For this, Facebook had created a fund of $ 100 million which will be used in 30 countries including India. The company also said that till now 300 entrepreneurs in Gurugram, Mumbai, Hyderabad, Bangalore have given loans of $ 4 million.

We understand the problem of the people running small industries. We will give them an opportunity to move forward by giving them loans. With this, he will move forward in the future and will also benefit the company. Apart from this, today those running small industries will become big companies tomorrow. And will also give their support in increasing the economy of India.

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