MSME Loan
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| MSME Loan |
The Ministry of Micro, Small and
Medium Enterprises (MSMEs) promotes the growth and development of the
MSME sector by introducing various schemes and financial assistance programmes
in collaboration with respective Ministries, State Governments and other
Stakeholders. The MSME schemes benefit both existing and emerging enterprises.
Listed here are the popular business loans or financial assistance schemes
launched by the Ministry.
MSME Categorisation
According to Central Government, micro, small and medium
enterprises are classified as below.
- Micro
Enterprises
- Business
Investment – Not more than Rs.1 Crore
- Annual
Turnover – Not more than Rs.5 Crore
- Small
Business
- Business
Investment – Not more than Rs.10 Crore
- Annual
Turnover – Not more than Rs.50 Crore
- Medium
Enterprise
- Business
Investment – Not more than Rs.50 Crore
- Annual
Turnover – Not more than Rs.250 Crore
What are MSME Loans or MSME Business Loans?
MSME loans are financial assistance schemes provided
by SIDBI (Small
Industries Development Bank of India) in association with nationalised and
private banks, Micro Finance Institutions (MFIs), non-banking financial
companies (NBFCs) and other financial institutions.
The loan schemes are designed to help new and emerging
businesses enjoy collateral-free loans at lower interest rates. Credit
guarantee schemes have also been introduced to strengthen the credit delivery
system and facilitate the flow of credit to the MSE sector.
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