One of the most popular social networking media, Facebook, has come forward with a new scheme offering loans at reasonably lower interest rates for the entrepreneurs of mini / small / micro / medium industries.
Perceptibly the most popular social networking medium, Facebook. Has decided to enter the field of lending as well!
It has been announced in this scheme that loans from Rs. 5 Lakhs to Rs. 50 Lakhs will be offered for the industries in mini/small/micro/medium cadre.
In the 1st Phase, the new scheme is to be offered in 200 cities throughout the country.
Facebook India Managing Director Ajith Mohan has informed us that the loans will be given at an interest rate of 17% to 20%!