There are several available options of Loan for MSMEs in Delhi & Gurgaon, offered by both government and private institutions. These loans are designed to provide financial support for starting, expanding, or managing business operations. Here are some key loan schemes and options available for MSMEs:
1. Pradhan Mantri Mudra Yojana (PMMY)
- Types of Loans: Shishu (up to ₹50,000), Kishor (₹50,001 to ₹5 lakh), and Tarun (₹5 lakh to ₹10 lakh).
- Purpose: To provide loans for startups, business expansion, and working capital needs.
- Eligibility: Micro and small enterprises engaged in manufacturing, trading, or service sectors.
2. Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE)
- Purpose: Offers collateral-free loans up to ₹2 crore.
- Coverage: A credit guarantee is provided by the government to lenders, covering up to 85% of the loan amount.
- Eligibility: New and existing micro and small enterprises.
3. Stand-Up India Scheme
- Purpose: To support women entrepreneurs and SC/ST entrepreneurs.
- Loan Amount: ₹10 lakh to ₹1 crore.
- Eligibility: At least 51% of the stake should be held by SC/ST or women entrepreneurs in the business.
4. SIDBI Make in India Soft Loan Fund for MSMEs (SMILE)
- Purpose: To support MSMEs in the manufacturing and services sectors.
- Loan Amount: Typically between ₹10 lakh to ₹25 lakh.
- Eligibility: New and existing MSMEs engaged in manufacturing or service activities.
5. Udyogini Scheme
- Purpose: Focuses on women entrepreneurs from rural and semi-urban areas.
- Loan Amount: Up to ₹3 lakh.
- Eligibility: Women entrepreneurs involved in agriculture, retail, or small-scale industries.
6. MSME Loan in 59 Minutes
- Purpose: A quick and convenient loan approval process for MSMEs.
- Loan Amount: ₹1 lakh to ₹5 crore.
- Eligibility: New and existing MSMEs with good credit history.
7. National Small Industries Corporation (NSIC) Subsidy
- Purpose: Provides financing options for MSMEs under various schemes.
- Services: Raw material assistance, equipment finance, and more.
8. Bank Loans and Private Lenders
- Options: Banks like SBI, HDFC, ICICI, and others provide various loan products such as term loans, working capital loans, and business loans specifically for MSMEs.
- Features: Interest rates vary based on credit score, business profile, and loan type. Collateral may be required for larger loans.
Documents Required for MSME Loans
- Business plan or project report.
- Proof of business existence (e.g., registration certificate).
- PAN card and Aadhar card of the applicant.
- Financial statements (balance sheet, profit and loss statement).
- Bank statements for the last 6-12 months.
- GST registration and tax returns.
- Proof of business ownership or lease agreement.
How to Apply
- Online Portals: Many loans can be applied for through online portals like Udyam Registration, PSB Loans in 59 Minutes, or directly through the bank’s websites.
- Bank Branches: Visit the nearest bank branch with necessary documents.
- Facilitation Centers: MSME facilitation centers and business associations can guide and assist with the loan application process.
These loan schemes aim to make credit more accessible, affordable, and convenient for MSMEs, enabling them to grow and contribute to the economy effectively.