Micro, Small and Medium Enterprises or MSMEs have emerged in India as the engine of economic growth and for promoting equitable development. The 2.6 crore Indian MSMEs play a pivotal role accounting for more than 80% of the total number of industrial enterprises and produce over 8000 value-added products. It is estimated that in terms of value, the sector accounts for 45% of the manufacturing output and 40% of the total export of the country and employs over 6 crore people. This sector seriously lacks finance raising capability due to various constraints; the chief obstacle is security that can be offered for the loan. As an asset cover or lack of collateral security is one of the serious bottleneck for the deserving borrowers getting the required finances through the organized channels, this portal intends to address the issue in a possible responsible manner. .
Your unproductive/self occupied assets like buildings, office, residences, bungalow, N.A land, factories or any other real estate within India can be mortgaged for borrowing of some other needy corporate or entity to avail good returns on such assets. The eligible borrower of the security can leverage such third party security for availing loans for the business and make returns for himself as well as the lender of the security. This Endeavour directly results in multiple advantages including the following,