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Tag: CGTMSE scheme benefits

Government Schemes vs. Private Lenders: Choosing the Right Funding for Your MSME

mudra loan vs private loan

Access to timely funding is one of the most common challenges faced by MSMEs. Whether it is to manage day-to-day working capital, purchase equipment, or expand operations, businesses often reach a point where internal cash flows are not enough. …

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“Open is a technology platform – it is not a bank and does not hold or claim to hold a banking license. The business current accounts, VISA corporate cards, business loans and other similar banking services/financial services offered on the Open platform are provided by RBI-licensed banks and financial institutions. All funds in the Open powered business current account are insured as per limits prescribed under the RBI’s deposit insurance scheme. The banking services/financial services offered on the Open platform are powered by our partner banks/financial institutions and follows all security standards and legal requirements prescribed by the partner bank/financial institution, in accordance with extant RBI regulations.”

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