ZipLoan - Best Textile Industry Loans Provider in India
The textile industry in India is one of the oldest industries in the country and contributes significantly to the Indian economy. Indian textile industry is one among the largest contributors to Indian exports as well. It consists of handloom, sericulture, handicrafts, etc. The major India garment industries belong to the unorganized sector. Although this sector majorly depends on the knowledge and expertise of the resource, machinery is also becoming an important aspect for Indian garment manufacturers with increasing advancement and automatic technology being actively used in the garment manufacturing sector.
We offer garment manufacturing loans to small manufacturing units in India of up to INR 5 lakhs. We are an RBI registered NBFC and offer collateral-free business loans in India. Our unsecured business loans products include SME and MSME loan, working capital loan, capital loan, machinery loan, term loan, and flexi loan. All our products are designed keeping the textile manufacturers’ needs in mind and are offered at the best interest rates in India.
We offer textile industry loans at the best terms and conditions. We offer online textile equipment finance and you can apply for loans online without visiting our office. We require minimal documents for a business loan that you can upload on our website. Our business loan documents include PAN card, last 12-months bank statement, last 2-3 year ITR, business place address proof, and residence address proof. Our eligibility criteria for garment manufacturing loan include:
- Minimum Turnover of INR 10 Lakhs in the last 12 months.
- Last year ITR of more than INR 2.5 Lakhs.
- Either house or business premises should be owned.
- Business place should be separate from the residence.
- Business vintage (operations) for at least 2 years.
How to Increase Small Textile Industry in India?
You can expand your clothing business with the following steps:
Grow with E-commerce: You can start selling your garments online or by selling on Amazon. Online selling will increase your reach leaving behind the confines of demography.
Marketing Campaign: You can plan a marketing campaign for your small garment manufacturing business. You can take textile industry loans from us and invest them in the marketing campaign.
Social Media: With the increasing presence of the customers on various social media networks, you can also go online with your social media pages.