MSME Loans

MSME LOANS


1. MSME Loan Eligibility Criteria
  • Business type must be registered as Micro, Small, or Medium Enterprise (MSME) as per latest definition:
  • Micro: Investment ≤ ₹1 Cr & Turnover ≤ ₹5 Cr
  • Small: Investment ≤ ₹10 Cr & Turnover ≤ ₹50 Cr
  • Medium: Investment ≤ ₹50 Cr & Turnover ≤ ₹250 Cr

2. CGTMSE (Credit Guarantee Fund Trust for Micro & Small Enterprises)
  • Collateral-free loans up to ₹2 Cr.
  • For both new & existing MSEs.
  • Must fall under eligible activity list.

3. Stand-Up India
  • Loans ₹ 20 lakh – ₹1000 cr
  • For SC/ST/women entrepreneurs.
  • For new enterprises in manufacturing, services, trading.

NOTES
  • Credit Score-For most loans, CIBIL 650+ is preferred
  • For collateral-free loans (CGTMSE), good repayment history is crucial

Documents Required for MSME Loan Schemes
  • Identity Proof – Aadhaar, PAN, Passport, Voter ID, Driving License
  • Address Proof – Aadhaar, Passport, Utility bills, Rent agreement, Property papers
  • Business Proof
    • Udyam Registration / MSME Registration Certificate
    • GST Registration
    • Shop & Establishment License / Trade License
    • Partnership Deed / MoA & AoA (if company)
  • Financial Documents
    • ITR for last 1–3 years (for existing businesses)
    • Bank statements (6–12 months)
    • Balance sheet, P&L (CA certified, if applicable)
    • Project Report / Business Plan – Required for new businesses/startups (like PMEGP, MUDRA)
  • Photographs – Passport-size photos of applicant(s)
  • Collateral Documents (if applicable) – Property papers, valuation, NOC