Loan for new micro industry business
Ajay kumar (Partner) (29 Points)
29 April 2015Ajay kumar (Partner) (29 Points)
29 April 2015
CA CS Chirag
(Practicing CA)
(834 Points)
Replied 29 April 2015
generally bank prefers to give loans for purchase of new machineries howere many nationalised banks give finance for purchase of old machinery which will be to the extent of 60% of the value of machineries you can contact any nationlised bank for the same.