why does business take loans. Companies like reliance which can do without loans also take it why so.
Is it indirectly being conveyed "The reason why traders should avoid taking debt is its unreliable" while others businesses can take it.
May be you and others also who post it should explain.
bhai, these announcements are made in crisis situation where technically a business is a multi-person entity in a supply-chain type system. There are employees to be supported etc
Even then, on paper Govt announced such policies but when you actually go and claim, there is an entire process. In short, what i want to say is, there is no blanket guarantee of loan getting passed.
Just google Mudra loan rejected.
Past credit history, defaulters, high risk etc will surely be rejected.
Now Retail Trader( individual) is like domestic worker, they are not employment generators, they work and get paid. Unka haal migrant laborer se alag nahi hai.
So i want to understand how Retail individual trader ( forget the high risk category) is a business entity. Just bcos they file Business income as per ITR doesn't actually put them amongst RIL etc.
-- Irony of life is, who has some kind of collateral gets loan, who doesn't goes to the gallows. --