What are the different ways to obtain a small business loan in India?

To obtain a small business loan in India, consider these options:

• Traditional Banks: Apply for loans through public or private sector banks, offering various products like term loans and working capital loans.
• Non-Banking Financial Companies (NBFCs): NBFCs provide flexible loan options with potentially faster processing compared to banks.
• Government Schemes: Explore schemes such as Mudra Yojana, Stand-Up India, and CGTMSE for government-backed funding with favourable terms.
• Cooperative Banks: Local cooperative banks may offer small business loans with tailored services and rates.