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MSME loan schemes available in Uttarakhand

Uttarakhand, the land of Gods, is a state in northern India that offers many opportunities for MSMEs to flourish. The state government has launched several loan schemes for MSMEs to provide them with financial assistance and support their growth. In this blog, we will discuss some of the MSME loan schemes in Uttarakhand.

Mukhya Mantri Swarozgar Yojana Uttarakhand

The Mukhya Mantri Swarozgar Yojana (MMSY) is a state government scheme that aims to provide financial assistance to unemployed youth and help them start their businesses. This scheme focuses on people who came back to Uttarakhand due to COVID-19 and are currently unemployed. Another main objective of this scheme is to stop migration from hilly and rural areas in search of jobs. The following are some of its features:

Loan amount Rs. 10 lakh (maximum)
Age Minimum 18 years
Qualification No specific qualification
Selection of beneficiaries First Come First Serve

Mukhyamantri Saur Swarojgar Yojna

The main objective of the scheme is to provide self-employment opportunities to such small and marginal farmers and unemployed residents of the state to encourage them to develop sources of income by setting up solar power plants on land that is not suitable for agriculture and selling the electricity produced to UPCL. Under this scheme, only solar power plants of 20/25/50/100/200 kilowatt capacity will be allowed. The following are some of its features:

Age Minimum 18 years
Residential status Permanent 
Interest Rate 8%
Qualification No specific qualification
Application fee Rs.2,000 to Rs.5,000

Deendayal Upadhyay Home Stay Loan Scheme Uttarakhand

Uttarakhand government introduced this scheme to provide an unprecedented experience to the domestic and foreign tourists visiting Uttarakhand as well as for the prosperity of the local people. This is one of the best MSME loan scheme that is perfectly tailored for the people of Uttarakhand. Through this scheme, the government will provide loans for setting up homestays/renovating the house. The main aim is to stop the continuous migration in the state as well as to provide employment. The following are some of its features:

Eligibility A minimum of one and a maximum of six rooms have been arranged for the guests who are native/permanent residents of Uttarakhand and reside in a building with their family, whose building is outside the limits of the Municipal Corporation.
Residential status Native/Permanent
Loan subsidy in Plain areas 25% of the project cost or Rs 7.50 lakh (whichever is less)
Loan subsidy in Hilly areas 50% of the project cost or Rs 15.00 lakh (whichever is less)

Veer Chandra Singh Garhwali Tourism Self-Employment Scheme Uttarakhand

Uttarakhand is a state with a lot of potential in tourism. As the name of the scheme suggests the main objective of this scheme is to promote tourism in Uttarakhand. This scheme provides loans to young entrepreneurs who are interested in starting a business related to tourism. The following are some of its features:

Residential status Native/Permanent
Non-vehicular items 33 percent maximum grant of Rs. 33.00 lahks is approved by the Tourism Department in hilly areas and a 25 percent maximum of Rs. 25.00 lakhs in plain areas as a grant for non-vehicular items
Vehicle items 25 percent maximum of Rs 10.00 lakh in hilly and plain areas
Eligibility Should not be a defaulter of any bank 

Uttarakhand Chief Minister Self Employment Scheme Very Micro (Nano)

All entrepreneurs who require very minimal funds to kickstart their business can avail this scheme under Mudra Loan Scheme (Shishu) in Micro Micro (Nano) Enterprises under Mukhyamantri Swarozgar Yojana with minimum formality. The following are some of its features:

Age 18-65 years
Qualification No specific qualification
Residential status Native/Permanent
Loan amount Maximum Rs.50,000

In conclusion, Uttarakhand offers several loan schemes to support the growth of MSMEs in the state. These schemes cover a wide range of industries and sectors and cater to the diverse needs of entrepreneurs and businesses. With the support of these schemes, entrepreneurs and MSMEs can access affordable credit and other financial assistance to help them overcome their business challenges and achieve their growth objectives.

You can learn more about all the loans mentioned above by clicking this link: msy.uk.gov.in

About Finline!

Finline is an online platform for creating financial reports for getting bank loans and investments. It’s like ‘Canva’ but for financials. If you are an entrepreneur looking for a bank loan, you need to have a well-crafted project report. We, at Finline will help you with that. Our team will help you create a powerful business plan in ten minutes. That too in your language. All public and private sector banks working in India accept our project report. Click to create your report.

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MSME Loan schemes available in Uttar Pradesh

 As the backbone of the Indian economy, MSMEs (Micro, Small and Medium Enterprises) contribute significantly to the country’s GDP and employment opportunities. However, despite their importance, these businesses often face financial challenges, such as the inability to secure adequate funds due to a lack of collateral or credit history.

To support the growth and development of MSMEs, various state and central government loan schemes have been introduced in India. These schemes offer financial assistance to small business owners, helping them to meet their working capital and investment requirements.

In this blog, we will focus on loan schemes available for MSMEs in Uttar Pradesh. We will provide a detailed description of each scheme, along with its features. The following are some of the best Loan schemes that are available for MSMEs in Uttar Pradesh:

Mukhyamantri Yuva Swarojgar Yojana (MYSY)

This scheme is launched by the government of Uttar Pradesh to promote self-employment opportunities among the educated but unemployed youth within the state. The government also offers a 25% subsidy on the margin money requirement for loans. The following are its main features:

Loan amount Upto Rs. 25 lakhs
Interest rates 6% for the first 3 years
Subsidy 25% of margin money
Educational Qualification High school passed
Gender Male/Female

Mukhya Mantri Gramodyog Rojgar Yojana (MMGRY)

This scheme by the Uttar Pradesh state government aims to promote self-employment opportunities in rural areas by providing financial assistance to set up micro-enterprises in the manufacturing, services, and trade sectors. The main objective of the scheme is to promote village industries such as khadi, pottery, weaving, carpentry, and food processing. 50 per cent of the beneficiaries will be from Scheduled Caste/Tribe/Backward Caste (SC/ST/OBC) youth. The following are its main features:

Loan amount Upto Rs.10 Lakhs
Interest rates 7-15%
Subsidy Upto 25% of the project cost
Preference Unemployed youth with technical training from ITI and Polytechnic institutes
Age & Gender Male/Female above the age of 18

Mukhya Mantri Mahila Udyam Nidhi Yojana (MMUNY)

This scheme aims to promote entrepreneurship among women by providing financial assistance for setting up small enterprises. The main objective of the scheme is to promote women entrepreneurs. To be eligible for the scheme, the applicant must be a woman and a resident of Uttar Pradesh. The following are some of its features:

Loan amount  Upto Rs.10 lakhs
Interest rates Between 7-15%
Gender Women
Age 18 to 55 years

Prime Minister’s Employment Generation Programme (PMEGP)

It is a credit-linked subsidy scheme launched by the Government of India. The main objective of PMEGP is to promote and encourage self-employment ventures in both rural and urban areas. The main focus is given to establishing sustainable employment opportunities through micro-enterprises. Below are some of its important features:

Loan amount  Up to Rs. 25 lakh
Interest rates Depending upon several factors like, bank, creditworthiness of the borrower, etc
Subsidy 25% to 35% of the project cost
Gender Male/Female
Age 18-40 years

Pradhan Mantri MUDRA Yojana (PMMY)

The Pradhan Mantri MUDRA Yojana (PMMY) is a flagship central government scheme launched in 2015. It provides micro-loans to non-corporate, non-farm micro and small enterprises in both rural and urban areas.

PMMY offers loans under three categories, depending on the stages of business growth and funding needs:

  • Shishu Mudra: Up to Rs. 50,000
  • Kishore Mudra: Rs. 50,001 to Rs. 5 lakh
  • Tarun Mudra: Rs. 5 lakh to Rs. 10 lakh

MUDRA loans are availed through various financial institutions, including Public sector banks, Private sector banks, Regional Rural Banks, Small Finance Banks, Microfinance Institutions, and Non-Banking Financial Companies (NBFCs).

Unlike other loan schemes, PMMY doesn’t have specific criteria for age, gender, tenure, interest rates, etc. All these factors can vary based on the category of the loan and the policies of the lending institution.

Stand-up India

Stand-up India is a central government scheme launched in 2016. It provides bank loans for entrepreneurship among women and members of Scheduled Castes (SCs) and Scheduled Tribes (STs). Existing businesses cannot avail loans through this scheme, as these are provided for starting new businesses. These loans are provided through various banks, including scheduled commercial banks, regional rural banks (RRBs), and small finance banks.

This scheme provides loan amounts ranging from Rs. 10 lakhs to Rs. 1 crore. The interest rates and tenure vary depending on the nature of the business and other factors such as the nature of the business, credit policies of the lender, etc.

About Finline

Finline is an online platform for creating financial reports for getting bank loans and investments. It’s like ‘Canva’ but for financials. If you are an entrepreneur looking for a bank loan, you need to have a well-crafted project report. We, at Finline will help you with that. Our team will help you create a powerful business plan in ten minutes. That too in your language. All public and private sector banks working in India accept our project report. Click to create your report.

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MSME Loan schemes available in Tripura

Tripura MSME loan schemes

The Micro, Small and Medium Enterprises (MSMEs) sector is the backbone of the Indian economy and plays a crucial role in providing employment opportunities and boosting economic growth. The government of India and state governments have launched various loan schemes to provide financial support to MSMEs in their respective states. One such state that has been actively promoting the growth of MSMEs is Tripura. Tripura provides various MSME Loan schemes, incentives, subsidies etc.

Located in Northeast India, Tripura is one of the smallest states in the country but has a rich cultural heritage and a significant contribution to the bamboo industry. The Tripura state government has introduced several MSME loan schemes to encourage the establishment and growth of MSMEs, especially in sectors like bamboo and handicrafts. These schemes aim to provide financial assistance, technical support, and marketing opportunities to MSMEs in the state.

In this blog, we will discuss the various loan schemes available for MSMEs in Tripura and how they can benefit from them. We will also provide a detailed analysis of each scheme and create separate tables to help entrepreneurs understand the eligibility criteria and other relevant details.

Credit Linked Capital Subsidy Scheme (CLCSS)

Credit Linked Capital Subsidy Scheme was launched in October 2000 by the Government of India. This scheme provides necessary funds to MSMEs for upgrading their existing technologies. Enterprises can use this scheme to upgrade their existing plant and machinery and increase profit. This scheme has no upper loan limit, but the subsidy is calculated on the loan amount sanctioned for P&M purchase only. The following are its main features:

Loan amount No upper limit
Subsidy 15% of the loan amount
Annual guarantee fee 0.75%-1.0%
Loan tenure Flexible tenure depending upon the repayment capacity

Mahila Udyam Nidhi Scheme

The Mahila Udyam Nidhi Scheme provides financial assistance to women entrepreneurs who want to start new ventures or expand their existing businesses. The main motive of the scheme is to empower women entrepreneurs across the state. Please note that these schemes are now available only through Punjab National Bank. The following are some of its features:

Loan amount Up to Rs. 10 lakh
Loan interest 5% per annum
Loan tenure 5 to 7 years
Educational Qualification 10th standard
Age & Gender Women aged 18 to 55 years

Pradhan Mantri MUDRA Yojana (PMMY)

The Pradhan Mantri MUDRA Yojana (PMMY) is a flagship central government scheme launched in 2015. It provides micro-loans to non-corporate, non-farm micro and small enterprises in both rural and urban areas.

PMMY offers loans under three categories, depending on the stages of business growth and funding needs:

  • Shishu Mudra: Up to Rs. 50,000
  • Kishore Mudra: Rs. 50,001 to Rs. 5 lakh
  • Tarun Mudra: Rs. 5 lakh to Rs. 10 lakh

MUDRA loans are availed through various financial institutions, including Public sector banks, Private sector banks, Regional Rural Banks, Small Finance Banks, Microfinance Institutions, and Non-Banking Financial Companies (NBFCs).

Unlike other loan schemes, PMMY doesn’t have specific criteria for age, gender, tenure, interest rates, etc. All these factors can vary based on the category of the loan and the policies of the lending institution.

Prime Minister’s Employment Generation Programme (PMEGP)

PMEGP is a credit-linked subsidy scheme administered by the Ministry of Micro, Small and Medium Enterprises (MSME), which aims at creating job opportunities by establishing micro-enterprises. The main target of this scheme is Women, Traditional and prospective artisans and Unemployed youth. The following are some of its main features:

Age Minimum age of 18
Interest rate Between 11% -12% depending on the bank
Loan tenure 3-7 years
Education qualification VIII standard pass
Maximum Loan amount Rs. 1 Crore
Subsidy 15% to 35%

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

CGTMSE is a joint initiative launched in 2000 by the Ministry of Micro, Small and Medium Enterprises (MSME), the Government of India, and the Small Industries Development Bank of India (SIDBI). It encourages financial institutions to provide collateral-free credit schemes to micro and small enterprises. In case of any default, the bank can file a claim with CGTMSE. The following are some of its main features:

Loan amount Up to 5 crore
Collateral Not required
Loan tenure 5-10 years
Annual Guarantee fee 0.37%-1.35%
Age Minimum age of 18

Stand-up India

Stand-up India is a central government scheme launched in 2016. It provides bank loans for entrepreneurship among women and members of Scheduled Castes (SCs) and Scheduled Tribes (STs). Existing businesses cannot avail loans through this scheme, as these are provided for starting new businesses. These loans are provided through various banks, including scheduled commercial banks, regional rural banks (RRBs), and small finance banks.

This scheme provides loan amounts ranging from Rs. 10 lakhs to Rs. 1 crore. The interest rates and tenure vary depending on the nature of the business and other factors such as the nature of the business, credit policies of the lender, etc.

SIDBI Make in India Soft Loan Fund for Micro, Small, and Medium Enterprises (SMILE)

SMILE is a scheme launched by the central government to provide financial assistance to 25 Identified sectors under the ‘Make in India’ initiative. This scheme promotes the ‘Make in India’ initiative among entrepreneurs. SMILE provides adequate funding for the setting up of new enterprises and also for the expansion of existing ones. The following are some of its main features:

Loan tenure Maximum 10 years
Loan amount From Rs.10 lakhs to Rs.25 lakhs
Interest rates Depending on enterprises’ requirement
Nature of loan Quasi-equity and term loans

About Finline!

Finline is an online platform for creating financial reports for getting bank loans and investments. It’s like ‘Canva’ but for financials. If you are an entrepreneur looking for a bank loan, you must have a well-crafted project report. We, at Finline will help you with that. Our team will help you create a powerful business plan in ten minutes. That too in your language. All public and private sector banks working in India accept our project report. Click to create your report.

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MSME Loan schemes available in Telangana

Telangana, one of the youngest states in India, has been a leading destination for MSMEs due to its business-friendly policies and conducive environment. MSMEs have been playing a significant role in the state’s economic development, contributing to its growth and providing employment opportunities. However, like any other sector, MSMEs face their fair share of challenges, including access to finance. To address this issue, the Government of Telangana has launched various MSME loan schemes and financial assistance programs to provide support to the MSME sector. These schemes aim to encourage entrepreneurship, promote industrial growth, and provide easy access to finance for MSMEs. This blog will discuss the various MSME loan schemes available in Telangana and how they can benefit from them.

T-PRIDE

TS-PRIDE (Telangana State Program for Rapid Incubation of Dalit Entrepreneurs) is an initiative by the Telangana government to promote entrepreneurship among Dalits in the state. The schemes offer financial assistance and incentives to encourage business development and empower these communities. Through this scheme, land will be allotted to SC / ST Entrepreneurs in proportion to their population in the State. The following are some of its benefits:

Loan amount Rs.10 Lakhs – Rs.50 Lakhs
Subsidy on investments 15% to 35% depending on the nature of the business
Interest rates 3%-9%
Category SC/ST
Gender Male/Female

Telangana State Minorities Finance Corporation (TSMFC) Bank Linked Subsidy Scheme

The Telangana State Minorities Finance Corporation (TSMFC) Bank Linked Subsidy Scheme provides concessional Subsidized Loans with Bank Linkage for Minorities in the state for the establishment and expansion of MSMEs. This scheme is one of the best MSME loan scheme provided by the Telangana government for the minority community. The financial assistance from the TSMFC by way of subsidy would be linked to the credit component of Banks. Following are some of its benefits:

Subsidy 80% maximum of Rs.80,000/-  or 70% subject to maximum of Rs.1.40 lakh depending on Unit cost
Age 21 – 55 years
Annual income Maximum Rs.2,00,000
Gender Male/Female
Category Minority community

T-IDEA

T-IDEA stands for “Telangana State Industrial Development and Entrepreneur Advancement” incentive scheme. This scheme is especially for general category entrepreneurs. This scheme provides additional 10% investment subsidy on fixed capital investment limited to Rs.
10.00 lakhs to MSE’s which are solely owned by women. Following are some of its benefits:

Loan amount Upto Rs.20 Lakhs
Subsidy on investments 15% limited to Rs.20 lakh 
Category General
Interest rates 3%-9%
Gender Male/Female

Credit Linked Capital Subsidy Scheme (CLCSS)

Credit Linked Capital Subsidy Scheme was launched in October 2000 by the Government of India. This scheme provides necessary funds to MSMEs for upgrading their existing technologies. Enterprises can use this scheme to upgrade their existing plant and machinery and increase profit. This scheme has no upper loan limit, but the subsidy is calculated on the loan amount sanctioned for P&M purchase only. The following are its main features:

Loan amount No upper limit
Subsidy 15% of the loan amount
Annual guarantee fee 0.75%-1.0%
Loan tenure Flexible tenure depending upon the repayment capacity

Mahila Udyam Nidhi Scheme

The Mahila Udyam Nidhi Scheme provides financial assistance to women entrepreneurs who want to start new ventures or expand their existing businesses. The main motive of the scheme is to empower women entrepreneurs across the state. Please note that these schemes are now available only through Punjab National Bank. The following are some of its features:

Loan amount Up to Rs. 10 lakh
Loan interest 5% per annum
Loan tenure 5 to 7 years
Educational Qualification 10th standard
Age & Gender Women aged 18 to 55 years

Pradhan Mantri MUDRA Yojana (PMMY)

The Pradhan Mantri MUDRA Yojana (PMMY) is a flagship central government scheme launched in 2015. It provides micro-loans to non-corporate, non-farm micro and small enterprises in both rural and urban areas.

PMMY offers loans under three categories, depending on the stages of business growth and funding needs:

  • Shishu Mudra: Up to Rs. 50,000
  • Kishore Mudra: Rs. 50,001 to Rs. 5 lakh
  • Tarun Mudra: Rs. 5 lakh to Rs. 10 lakh

MUDRA loans are availed through various financial institutions, including Public sector banks, Private sector banks, Regional Rural Banks, Small Finance Banks, Microfinance Institutions, and Non-Banking Financial Companies (NBFCs).

Unlike other loan schemes, PMMY doesn’t have specific criteria for age, gender, tenure, interest rates, etc. All these factors can vary based on the category of the loan and the policies of the lending institution.

Prime Minister’s Employment Generation Programme (PMEGP)

PMEGP is a credit-linked subsidy scheme administered by the Ministry of Micro, Small and Medium Enterprises (MSME), which aims at creating job opportunities by establishing micro-enterprises. The main target of this scheme is Women, Traditional and prospective artisans and Unemployed youth. The following are some of its main features:

Age Minimum age of 18
Interest rate Between 11% -12% depending on the bank
Loan tenure 3-7 years
Education qualification VIII standard pass
Maximum Loan amount Rs. 1 Crore
Subsidy 15% to 35%

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

CGTMSE is a joint initiative launched in 2000 by the Ministry of Micro, Small and Medium Enterprises (MSME), the Government of India, and the Small Industries Development Bank of India (SIDBI). It encourages financial institutions to provide collateral-free credit schemes to micro and small enterprises. In case of any default, the bank can file a claim with CGTMSE. The following are some of its main features:

Loan amount Up to 5 crore
Collateral Not required
Loan tenure 5-10 years
Annual Guarantee fee 0.37%-1.35%
Age Minimum age of 18

Stand-up India

Stand-up India is a central government scheme launched in 2016. It provides bank loans for entrepreneurship among women and members of Scheduled Castes (SCs) and Scheduled Tribes (STs). Existing businesses cannot avail loans through this scheme, as these are provided for starting new businesses. These loans are provided through various banks, including scheduled commercial banks, regional rural banks (RRBs), and small finance banks.

This scheme provides loan amounts ranging from Rs. 10 lakhs to Rs. 1 crore. The interest rates and tenure vary depending on the nature of the business and other factors such as the nature of the business, credit policies of the lender, etc.

SIDBI Make in India Soft Loan Fund for Micro, Small, and Medium Enterprises (SMILE)

SMILE is a scheme launched by the central government to provide financial assistance to 25 Identified sectors under the ‘Make in India’ initiative. This scheme promotes the ‘Make in India’ initiative among entrepreneurs. SMILE provides adequate funding for the setting up of new enterprises and also for the expansion of existing ones. The following are some of its main features:

Loan tenure Maximum 10 years
Loan amount From Rs.10 lakhs to Rs.25 lakhs
Interest rates Depending on enterprises’ requirement
Nature of loan Quasi-equity and term loans

About Finline!

Finline is an online platform for creating financial reports for getting bank loans and investments. It’s like ‘Canva’ but for financials. If you are an entrepreneur looking for a bank loan, you need to have a well-crafted project report. We, at Finline will help you with that. Our team will help you create a powerful business plan in ten minutes. That too in your language. All public and private sector banks working in India accept our project report. Click to create your report.

 

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MSME Loan schemes available in Tamil Nadu

Micro, Small and Medium Enterprises (MSMEs) are an important part of the Indian economy, contributing significantly to employment generation and GDP growth. However, lack of access to finance is a major challenge faced by MSMEs in the country. To address this issue, various state and central governments have launched loan schemes for MSMEs. In this blog, we will look at some of the loan schemes available for MSMEs in Tamil Nadu.

Annal Ambedkar Business Champions Scheme

The Annal Ambedkar Business Champions Scheme (AABCS) is a specific MSME loan scheme in Tamil Nadu aimed at fostering the economic development of entrepreneurs belonging to Scheduled Castes (SCs) and Scheduled Tribes (STs). The following are some of its features:

Loan amount 70% of project cost
Interest rates 6%
Age 18-55 years
Capital subsidy 35% capital subsidy
Qualification No minimum educational qualification

New Entrepreneur cum Enterprise Development Scheme

The New Entrepreneur-cum-Enterprise Development Scheme (NEEDS) is an initiative by the Department of Micro, Small and Medium Enterprises (MSME), Government of Tamil Nadu. The main objective of the scheme is to promote the first entrepreneurial projects of first-generation entrepreneurs. The following are some of its features:

Capital subsidy 25% of the project cost
Interest rates 3%
Project cost limit Rs. 10 lakhs to Rs. 500 lakhs
Gender Male/Female
Age Between 21-45

Unemployed Youth Employment Generation Programme

The Unemployed Youth Employment Generation Programme (UYEGP) is a specific MSME loan scheme offered by the Tamil Nadu government. This scheme aims at mitigating the unemployment problems of socially and economically weaker sections of society. The following are some of its main features:

Capital subsidy 25%-35% of the project cost
Project cost limit Rs. 15.00 lakh for trading activities and Rs. 25.00 lakh for manufacturing and service activities
Age Between 18-45
Qualification Minimum 8th Pass
Gender Male/Female

Tamil Nadu State Government Credit Guarantee Scheme

The Tamil Nadu State Government Credit Guarantee Scheme is a scheme launched by the Tamil Nadu government to provide credit guarantees to MSMEs for loans taken from banks and financial institutions. The Tamil Nadu Industrial Investment Corporation (TIIC) implements the scheme. This scheme covers both term loans and working capital facilities. Following are some of its features:

Loan amount Upto Rs.2 Crore
Interest rates Competitive interest rate depending on the bank 
Guarantee cover 80%
Gender Male/Female

The Tamilnadu Industrial Investment Corporation Ltd Loans

The Tamil Nadu Industrial Investment Corporation (TIIC) provides loans to MSMEs for setting up new projects or expanding existing ones. This scheme offers subsidies and loans under a single roof. Following are some of its features:

Loan amount Upto Rs. 5 crores
Interest rates 3%-6%
Prepayment charges Nil
Gender Male/Female

Credit Linked Capital Subsidy Scheme (CLCSS)

Credit Linked Capital Subsidy Scheme was launched in October 2000 by the Government of India. This scheme provides necessary funds to MSMEs for upgrading their existing technologies. Enterprises can use this scheme to upgrade their existing plant and machinery and increase profit. This scheme has no upper loan limit, but the subsidy is calculated on the loan amount sanctioned for P&M purchase only. The following are its main features:

Loan amount No upper limit
Subsidy 15% of the loan amount
Annual guarantee fee 0.75%-1.0%
Loan tenure Flexible tenure depending upon the repayment capacity

Pradhan Mantri MUDRA Yojana (PMMY)

The Pradhan Mantri MUDRA Yojana (PMMY) is a flagship central government scheme launched in 2015. It provides micro-loans to non-corporate, non-farm micro and small enterprises in both rural and urban areas.

PMMY offers loans under three categories, depending on the stages of business growth and funding needs:

  • Shishu Mudra: Up to Rs. 50,000
  • Kishore Mudra: Rs. 50,001 to Rs. 5 lakh
  • Tarun Mudra: Rs. 5 lakh to Rs. 10 lakh

MUDRA loans are availed through various financial institutions, including Public sector banks, Private sector banks, Regional Rural Banks, Small Finance Banks, Microfinance Institutions, and Non-Banking Financial Companies (NBFCs).

Unlike other loan schemes, PMMY doesn’t have specific criteria for age, gender, tenure, interest rates, etc. All these factors can vary based on the category of the loan and the policies of the lending institution.

Prime Minister’s Employment Generation Programme (PMEGP)

PMEGP is a credit-linked subsidy scheme administered by the Ministry of Micro, Small and Medium Enterprises (MSME), which aims at creating job opportunities by establishing micro-enterprises. The main target of this scheme is Women, Traditional and prospective artisans and Unemployed youth. The following are some of its main features:

Age Minimum age of 18
Interest rate Between 11% -12% depending on the bank
Loan tenure 3-7 years
Education qualification VIII standard pass
Maximum Loan amount Rs. 1 Crore
Subsidy 15% to 35%

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

CGTMSE is a joint initiative launched in 2000 by the Ministry of Micro, Small and Medium Enterprises (MSME), the Government of India, and the Small Industries Development Bank of India (SIDBI). It encourages financial institutions to provide collateral-free credit schemes to micro and small enterprises. In case of any default, the bank can file a claim with CGTMSE. The following are some of its main features:

Loan amount Up to 5 crore
Collateral Not required
Loan tenure 5-10 years
Annual Guarantee fee 0.37%-1.35%
Age Minimum age of 18

Stand-up India

Stand-up India is a central government scheme launched in 2016. It provides bank loans for entrepreneurship among women and members of Scheduled Castes (SCs) and Scheduled Tribes (STs). Existing businesses cannot avail loans through this scheme, as these are provided for starting new businesses. These loans are provided through various banks, including scheduled commercial banks, regional rural banks (RRBs), and small finance banks.

This scheme provides loan amounts ranging from Rs. 10 lakhs to Rs. 1 crore. The interest rates and tenure vary depending on the nature of the business and other factors such as the nature of the business, credit policies of the lender, etc.

SIDBI Make in India Soft Loan Fund for Micro, Small, and Medium Enterprises (SMILE)

SMILE is a scheme launched by the central government to provide financial assistance to 25 Identified sectors under the ‘Make in India’ initiative. This scheme promotes the ‘Make in India’ initiative among entrepreneurs. SMILE provides adequate funding for the setting up of new enterprises and also for the expansion of existing ones. The following are some of its main features:

Loan tenure Maximum 10 years
Loan amount From Rs.10 lakhs to Rs.25 lakhs
Interest rates Depending on enterprises’ requirement
Nature of loan Quasi-equity and term loans

About Finline!

Finline is an online platform for creating financial reports for getting bank loans and investments. It’s like ‘Canva’ but for financials. If you are an entrepreneur looking for a bank loan, you need to have a well-crafted project report. We, at Finline will help you with that. Our team will help you create a powerful business plan in ten minutes. That too in your language. All public and private sector banks working in India accept our project report. Click to create your report.

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MSME Loan schemes available in Sikkim

The state of Sikkim, nestled in the foothills of the Himalayas, is known for its scenic beauty and tourism industry. However, the state government is also promoting the growth of Micro, Small and Medium Enterprises (MSMEs) in the state. To provide financial assistance and boost entrepreneurship, various MSME loan schemes have been launched by both the central and sikkim state governments. These schemes cater to the diverse needs of MSMEs, ranging from start-ups to established businesses looking to expand.

In this blog, we will take a detailed look at the various loan schemes available for MSMEs in Sikkim. We will explore the eligibility criteria, benefits and features of each scheme. Additionally, we will also provide separate tables for each scheme, outlining the specific details such as gender, qualification, age group, social category, industry profile, rural/urban and government affiliation. With this information, MSMEs in Sikkim can make informed decisions and choose the most suitable loan scheme for their business needs.

Youth Skilled Startup Scheme Sikkim

Taking the spirit of Atmanirbhar Bharat forward the government of Sikkim has envisioned the Youth Skilled Startup Scheme to promote equitable entrepreneurial opportunities among the educated unemployed mass in Sikkim. This is one of the best MSME loans that you can take if you are from Sikkim. The scheme provides back-ended bank loan subsidy assistance @ 50% for BPL and 35% for others on financially viable bankable projects. The following are some of its features:

Age 18-40 Years
Loan Tenure Up to 7 years
Interest rates The lowest applicable rate of the bank not exceeding base rate (MCLR) + 3% + tenor premium
Residence Sikkim
Educational Qualification Minimum 5th passed

Credit Linked Capital Subsidy Scheme (CLCSS)

Credit Linked Capital Subsidy Scheme was launched in October 2000 by the Government of India. This scheme provides necessary funds to MSMEs for upgrading their existing technologies. Enterprises can use this scheme to upgrade their existing plant and machinery and increase profit. This scheme has no upper loan limit, but the subsidy is calculated on the loan amount sanctioned for P&M purchase only. The following are its main features:

Loan amount No upper limit
Subsidy 15% of the loan amount
Annual guarantee fee 0.75%-1.0%
Loan tenure Flexible tenure depending upon the repayment capacity

Pradhan Mantri MUDRA Yojana (PMMY)

The Pradhan Mantri MUDRA Yojana (PMMY) is a flagship central government scheme launched in 2015. It provides micro-loans to non-corporate, non-farm micro and small enterprises in both rural and urban areas.

PMMY offers loans under three categories, depending on the stages of business growth and funding needs:

  • Shishu Mudra: Up to Rs. 50,000
  • Kishore Mudra: Rs. 50,001 to Rs. 5 lakh
  • Tarun Mudra: Rs. 5 lakh to Rs. 10 lakh

MUDRA loans are availed through various financial institutions, including Public sector banks, Private sector banks, Regional Rural Banks, Small Finance Banks, Microfinance Institutions, and Non-Banking Financial Companies (NBFCs).

Unlike other loan schemes, PMMY doesn’t have specific criteria for age, gender, tenure, interest rates, etc. All these factors can vary based on the category of the loan and the policies of the lending institution.

Prime Minister’s Employment Generation Programme (PMEGP)

PMEGP is a credit-linked subsidy scheme administered by the Ministry of Micro, Small and Medium Enterprises (MSME), which aims at creating job opportunities by establishing micro-enterprises. The main target of this scheme is Women, Traditional and prospective artisans and Unemployed youth. The following are some of its main features:

Age Minimum age of 18
Interest rate Between 11% -12% depending on the bank
Loan tenure 3-7 years
Education qualification VIII standard pass
Maximum Loan amount Rs. 1 Crore
Subsidy 15% to 35%

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

CGTMSE is a joint initiative launched in 2000 by the Ministry of Micro, Small and Medium Enterprises (MSME), the Government of India, and the Small Industries Development Bank of India (SIDBI). It encourages financial institutions to provide collateral-free credit schemes to micro and small enterprises. In case of any default, the bank can file a claim with CGTMSE. The following are some of its main features:

Loan amount Up to 5 crore
Collateral Not required
Loan tenure 5-10 years
Annual Guarantee fee 0.37%-1.35%
Age Minimum age of 18

Stand-up India

Stand-up India is a central government scheme launched in 2016. It provides bank loans for entrepreneurship among women and members of Scheduled Castes (SCs) and Scheduled Tribes (STs). Existing businesses cannot avail loans through this scheme, as these are provided for starting new businesses. These loans are provided through various banks, including scheduled commercial banks, regional rural banks (RRBs), and small finance banks.

This scheme provides loan amounts ranging from Rs. 10 lakhs to Rs. 1 crore. The interest rates and tenure vary depending on the nature of the business and other factors such as the nature of the business, credit policies of the lender, etc.

SIDBI Make in India Soft Loan Fund for Micro, Small, and Medium Enterprises (SMILE)

SMILE is a scheme launched by the central government to provide financial assistance to 25 Identified sectors under the ‘Make in India’ initiative. This scheme promotes the ‘Make in India’ initiative among entrepreneurs. SMILE provides adequate funding for the setting up of new enterprises and also for the expansion of existing ones. The following are some of its main features:

Loan tenure Maximum 10 years
Loan amount From Rs.10 lakhs to Rs.25 lakhs
Interest rates Depending on enterprises’ requirement
Nature of loan Quasi-equity and term loans

Note: The information provided in the tables is subject to change. Please visit the respective scheme websites for the latest updates and eligibility criteria.

About Finline!

Finline is an online platform for creating financial reports for getting bank loans and investments. It’s like ‘Canva’ but for financials. If you are an entrepreneur looking for a bank loan, you need to have a well-crafted project report. We, at Finline will help you with that. Our team will help you create a powerful business plan in ten minutes. That too in your language. All public and private sector banks working in India accept our project report. Click to create your report.

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MSME Loan schemes available in Rajasthan

Small and Medium Enterprises (SMEs) play a vital role in the economic development of Rajasthan. With the growth of the MSME sector, there has been a significant increase in the demand for financial assistance. To cater to this need, various financial institutions and the government have come up with different loan schemes for MSMEs. These loan schemes are designed to provide financial support and promote entrepreneurship. Here are some of the popular loan schemes available for MSMEs in Rajasthan:

Rajasthan State Financial Corporation (RSFC) MSME Loan Scheme

This scheme is offered by the Rajasthan State Financial Corporation (RSFC) to promote the growth of MSMEs in the state. The scheme provides term loans, special loans and working capital loans to MSMEs engaged in manufacturing, service, and trading activities. Following are some of its details:

Loan amount Upto Rs. 5 crore
Interest Rates 9.75% to 11.50% 
Loan Tenure 3-10 years
Gender Both Male and Female
Residence Indian citizen Residing in Rajasthan

SME Saral Loan Scheme

This scheme is offered by the state government of Rajasthan. SME Saral loans scheme offers both fund-based and non-fund-based facilities. It provides loans for Working Capital, fixed assets needed for business purposes, Capacity expansion, modernization, technology up-gradation etc. Following are some of its main highlights:

Loan amount  Minimum Rs. 10.00 lacs and maximum of Rs. 500.00 lacs.
Interest Rates @8.40% onwards
Loan Tenure Upto 84 Months
Gender Both Male and Female
Residence Indian citizen Residing in Rajasthan

Rajasthan State Industrial Development and Investment Corporation (RIICO) MSME Loan Scheme

This scheme is offered by the Rajasthan State Industrial Development and Investment Corporation (RIICO) to promote industrial development in the state. The scheme provides financial assistance to MSMEs for the establishment of new units, expansion of existing units, and modernization of technology. Following are some of its main highlights:

Loan amount Upto Rs. 50 crore
Interest Rates 8.5% to 11.5%
Loan Tenure 7-10 Years
Gender Both Male and Female
Residence Indian citizen Residing in Rajasthan

Credit Linked Capital Subsidy Scheme (CLCSS)

Credit Linked Capital Subsidy Scheme was launched in October 2000 by the Government of India. This scheme provides necessary funds to MSMEs for upgrading their existing technologies. Enterprises can use this scheme to upgrade their existing plant and machinery and increase profit. This scheme has no upper loan limit, but the subsidy is calculated on the loan amount sanctioned for P&M purchase only. The following are its main features:

Loan amount No upper limit
Subsidy 15% of the loan amount
Annual guarantee fee 0.75%-1.0%
Loan tenure Flexible tenure depending upon the repayment capacity

Pradhan Mantri MUDRA Yojana (PMMY)

The Pradhan Mantri MUDRA Yojana (PMMY) is a flagship central government scheme launched in 2015. It provides micro-loans to non-corporate, non-farm micro and small enterprises in both rural and urban areas.

PMMY offers loans under three categories, depending on the stages of business growth and funding needs:

  • Shishu Mudra: Up to Rs. 50,000
  • Kishore Mudra: Rs. 50,001 to Rs. 5 lakh
  • Tarun Mudra: Rs. 5 lakh to Rs. 10 lakh

MUDRA loans are availed through various financial institutions, including Public sector banks, Private sector banks, Regional Rural Banks, Small Finance Banks, Microfinance Institutions, and Non-Banking Financial Companies (NBFCs).

Unlike other loan schemes, PMMY doesn’t have specific criteria for age, gender, tenure, interest rates, etc. All these factors can vary based on the category of the loan and the policies of the lending institution.

Prime Minister’s Employment Generation Programme (PMEGP)

PMEGP is a credit-linked subsidy scheme administered by the Ministry of Micro, Small and Medium Enterprises (MSME), which aims at creating job opportunities by establishing micro-enterprises. The main target of this scheme is Women, Traditional and prospective artisans and Unemployed youth. The following are some of its main features:

Age Minimum age of 18
Interest rate Between 11% -12% depending on the bank
Loan tenure 3-7 years
Education qualification VIII standard pass
Maximum Loan amount Rs. 1 Crore
Subsidy 15% to 35%

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

CGTMSE is a joint initiative launched in 2000 by the Ministry of Micro, Small and Medium Enterprises (MSME), the Government of India, and the Small Industries Development Bank of India (SIDBI). It encourages financial institutions to provide collateral-free credit schemes to micro and small enterprises. In case of any default, the bank can file a claim with CGTMSE. The following are some of its main features:

Loan amount Up to 5 crore
Collateral Not required
Loan tenure 5-10 years
Annual Guarantee fee 0.37%-1.35%
Age Minimum age of 18

Stand-up India

Stand-up India is a central government scheme launched in 2016. It provides bank loans for entrepreneurship among women and members of Scheduled Castes (SCs) and Scheduled Tribes (STs). Existing businesses cannot avail loans through this scheme, as these are provided for starting new businesses. These loans are provided through various banks, including scheduled commercial banks, regional rural banks (RRBs), and small finance banks.

This scheme provides loan amounts ranging from Rs. 10 lakhs to Rs. 1 crore. The interest rates and tenure vary depending on the nature of the business and other factors such as the nature of the business, credit policies of the lender, etc.

SIDBI Make in India Soft Loan Fund for Micro, Small, and Medium Enterprises (SMILE)

SMILE is a scheme launched by the central government to provide financial assistance to 25 Identified sectors under the ‘Make in India’ initiative. This scheme promotes the ‘Make in India’ initiative among entrepreneurs. SMILE provides adequate funding for the setting up of new enterprises and also for the expansion of existing ones. The following are some of its main features:

Loan tenure Maximum 10 years
Loan amount From Rs.10 lakhs to Rs.25 lakhs
Interest rates Depending on enterprises’ requirement
Nature of loan Quasi-equity and term loans

These are some of the loan schemes available for MSMEs in Rajasthan. Each scheme has its eligibility criteria, and MSMEs can choose the one that best suits their requirements. By availing of these schemes, MSMEs can meet their financial needs and contribute to the growth of the economy.

About Finline!

Finline is an online platform for creating financial reports for getting bank loans and investments. It’s like ‘Canva’ but for financials. If you are an entrepreneur looking for a bank loan, you need to have a well-crafted project report. We, at Finline will help you with that. Our team will help you create a powerful business plan in ten minutes. That too in your language. All public and private sector banks working in India accept our project report. Click to create your report.

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MSME Loan schemes available in Punjab

Micro, Small, and Medium Enterprises (MSMEs) form the backbone of India’s economy, providing employment opportunities to millions of people. Punjab, one of the most prosperous states in India, has a vibrant MSME sector that contributes significantly to the state’s economic growth. However, the growth of MSMEs is often hindered by the lack of access to adequate financial resources. To address this issue, state and central governments have launched various loan schemes to provide financial assistance to MSMEs in Punjab. In this blog, we will discuss some of the loan schemes available in Punjab specifically for women and SC/STs and their eligibility criteria.

Punjab National Bank (PNB) MSME Loan Scheme

PNB offers financial assistance to MSMEs for various purposes such as the purchase of machinery, working capital, infrastructure development, and technology up-gradation. These schemes cover various aspects of business operations, from starting up to expansion and modernization. Following are some of its main highlights:

Loan amount  Upto 5 crore
Repayment Period Varies depending on the loan amount and the type of loan. Generally ranges between 3 to 7 Years.
Interest rates 8.50% to 13.50%
Age Minimum 18 years of age
Gender Male/Female

Punjab State Cooperative Bank (PSCB) MSME Loan Scheme

PSCB provides financial assistance to MSMEs for various purposes such as working capital, purchase of machinery, and infrastructure development. Like PNB, Punjab State Cooperative Bank (PSCB) also provides schemes that cover various aspects of business operations, from starting up to expansion and modernization. Following are some of its main highlights:

Loan amount  Upto 5 crore
Repayment Period Varies depending on the loan amount and the type of loan. Generally Upto 7 years
Interest rates 7% – 12%
Age Minimum 18 years of age
Gender Male/Female

Mahila Udyam Nidhi Scheme

The Mahila Udyam Nidhi Scheme provides financial assistance to women entrepreneurs who want to start new ventures or expand their existing businesses. The main motive of the scheme is to empower women entrepreneurs across the state. Please note that these schemes are now available only through Punjab National Bank. The following are some of its features:

Loan amount Up to Rs. 10 lakh
Loan interest 5% per annum
Loan tenure 5 to 7 years
Educational Qualification 10th standard
Age & Gender Women aged 18 to 55 years

Punjab State Scheduled Caste Land Development and Finance Corporation (PSSCLDFC) MSME Loan Scheme

The Punjab State Scheduled Caste Land Development and Finance Corporation (PSSCLDFC) offers various loan schemes to support Scheduled Caste individuals in Punjab for diverse economic activities. It provides financial assistance to SC entrepreneurs for the establishment of new enterprises or for the expansion of existing ones. Following are some of its main highlights:

Loan amount Up to Rs. 30 lakh
Loan interest 5% – 8% 
Loan tenure 3 to 15 years
Age 18 to 55 years
Category  SC

Credit Linked Capital Subsidy Scheme (CLCSS)

Credit Linked Capital Subsidy Scheme was launched in October 2000 by the Government of India. This scheme provides necessary funds to MSMEs for upgrading their existing technologies. Enterprises can use this scheme to upgrade their existing plant and machinery and increase profit. This scheme has no upper loan limit, but the subsidy is calculated on the loan amount sanctioned for P&M purchase only. The following are its main features:

Loan amount No upper limit
Subsidy 15% of the loan amount
Annual guarantee fee 0.75%-1.0%
Loan tenure Flexible tenure depending upon the repayment capacity

Pradhan Mantri MUDRA Yojana (PMMY)

The Pradhan Mantri MUDRA Yojana (PMMY) is a flagship central government scheme launched in 2015. It provides micro-loans to non-corporate, non-farm micro and small enterprises in both rural and urban areas.

PMMY offers loans under three categories, depending on the stages of business growth and funding needs:

  • Shishu Mudra: Up to Rs. 50,000
  • Kishore Mudra: Rs. 50,001 to Rs. 5 lakh
  • Tarun Mudra: Rs. 5 lakh to Rs. 10 lakh

MUDRA loans are availed through various financial institutions, including Public sector banks, Private sector banks, Regional Rural Banks, Small Finance Banks, Microfinance Institutions, and Non-Banking Financial Companies (NBFCs).

Unlike other loan schemes, PMMY doesn’t have specific criteria for age, gender, tenure, interest rates, etc. All these factors can vary based on the category of the loan and the policies of the lending institution.

Prime Minister’s Employment Generation Programme (PMEGP)

PMEGP is a credit-linked subsidy scheme administered by the Ministry of Micro, Small and Medium Enterprises (MSME), which aims at creating job opportunities by establishing micro-enterprises. The main target of this scheme is Women, Traditional and prospective artisans and Unemployed youth. The following are some of its main features:

Age Minimum age of 18
Interest rate Between 11% -12% depending on the bank
Loan tenure 3-7 years
Education qualification VIII standard pass
Maximum Loan amount Rs. 1 Crore
Subsidy 15% to 35%

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

CGTMSE is a joint initiative launched in 2000 by the Ministry of Micro, Small and Medium Enterprises (MSME), the Government of India, and the Small Industries Development Bank of India (SIDBI). It encourages financial institutions to provide collateral-free credit schemes to micro and small enterprises. In case of any default, the bank can file a claim with CGTMSE. The following are some of its main features:

Loan amount Up to 5 crore
Collateral Not required
Loan tenure 5-10 years
Annual Guarantee fee 0.37%-1.35%
Age Minimum age of 18

Stand-up India

Stand-up India is a central government scheme launched in 2016. It provides bank loans for entrepreneurship among women and members of Scheduled Castes (SCs) and Scheduled Tribes (STs). Existing businesses cannot avail loans through this scheme, as these are provided for starting new businesses. These loans are provided through various banks, including scheduled commercial banks, regional rural banks (RRBs), and small finance banks.

This scheme provides loan amounts ranging from Rs. 10 lakhs to Rs. 1 crore. The interest rates and tenure vary depending on the nature of the business and other factors such as the nature of the business, credit policies of the lender, etc.

SIDBI Make in India Soft Loan Fund for Micro, Small, and Medium Enterprises (SMILE)

SMILE is a scheme launched by the central government to provide financial assistance to 25 Identified sectors under the ‘Make in India’ initiative. This scheme promotes the ‘Make in India’ initiative among entrepreneurs. SMILE provides adequate funding for the setting up of new enterprises and also for the expansion of existing ones. The following are some of its main features:

Loan tenure Maximum 10 years
Loan amount From Rs.10 lakhs to Rs.25 lakhs
Interest rates Depending on enterprises’ requirement
Nature of loan Quasi-equity and term loans

About Finline!

Finline is an online platform for creating financial reports for getting bank loans and investments. It’s like ‘Canva’ but for financials. If you are an entrepreneur looking for a bank loan, you need to have a well-crafted project report. We, at Finline will help you with that. Our team will help you create a powerful business plan in ten minutes. That too in your language. All public and private sector banks working in India accept our project report. Click to create your report.

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MSME Loan schemes available in Odisha

MSMEs (Micro, Small and Medium Enterprises) play a crucial role in the growth and development of the Indian economy. However, the growth of MSMEs is often hindered by a lack of access to finance. To overcome this challenge, the government has introduced several loan schemes that cater to the specific needs of MSMEs. Odisha is one of the most promising states in India when it comes to MSMEs. The state government of Odisha has launched several loan schemes to support the growth of MSMEs in the state. In this article, we will discuss some of the most popular loan schemes available for MSMEs in Odisha. 

Gramodyog Rozgar Yojana (GRY)

GRY is a loan scheme that aims to promote rural entrepreneurship in Odisha. The scheme is implemented by the Khadi and Village Industries Commission (KVIC) through its state and district offices. Through this scheme, the beneficiaries will get financial assistance in the form of loans and grants with competitive interest rates as well as flexible repayment tenure. The scheme also provides training and skill development programs to the beneficiaries to help them set up and run their businesses successfully. Following are some of its key highlights:

Loan amount ₹10,000 to ₹25 lakhs
Interest rates  4% per annum for general category beneficiaries and 2% per annum for SC/ST, women, and differently-abled beneficiaries
Rural/Urban Only available to Rural areas
Loan tenure 7 years
Gender Male/Female

Mukhyamantri Krushi Udyog Yojana Odisha

The Mukhyamantri Krushi Udyog Yojana Odisha is an MSME loan scheme that aims to provide financial assistance to small and marginal farmers, entrepreneurs, and unemployed youth in the state of Odisha. The scheme provides loans to purchase land, equipment, and tools. The scheme also provides for the training of farmers and entrepreneurs to improve their skills and knowledge. Following are some of its key highlights:

Loan amount ₹10 lakhs to ₹25 crores
Interest rates 4% to 9% per annum
Rural/Urban Available for both rural and urban residents
Loan tenure 7 years
Margin money subsidy 25% of the project cost for SC/ST, women, and differently-abled beneficiaries

PM Vishwakarma Scheme

This scheme was launched on 17th September 2023 by Prime Minister, Narendra Modi, on the occasion of Vishwakarma Jayanti. It provides skill training and financial assistance to traditional artisans and craftsmen across the country. This scheme also provides an interest subvention of 8% on the loan amount. Following are some of its main highlights:

Loan amount Up to ₹3 lakh
Interest rates 5%
Rural/Urban Available for both rural and urban residents
Loan tenure 18-30 months
Gender Both male and female

Credit Linked Capital Subsidy Scheme (CLCSS)

Credit Linked Capital Subsidy Scheme was launched in October 2000 by the Government of India. This scheme provides necessary funds to MSMEs for upgrading their existing technologies. Enterprises can use this scheme to upgrade their existing plant and machinery and increase profit. This scheme has no upper loan limit, but the subsidy is calculated on the loan amount sanctioned for P&M purchase only. The following are its main features:

Loan amount No upper limit
Subsidy 15% of the loan amount
Annual guarantee fee 0.75%-1.0%
Loan tenure Flexible tenure depending upon the repayment capacity

Pradhan Mantri MUDRA Yojana (PMMY)

The Pradhan Mantri MUDRA Yojana (PMMY) is a flagship central government scheme launched in 2015. It provides micro-loans to non-corporate, non-farm micro and small enterprises in both rural and urban areas.

PMMY offers loans under three categories, depending on the stages of business growth and funding needs:

  • Shishu Mudra: Up to Rs. 50,000
  • Kishore Mudra: Rs. 50,001 to Rs. 5 lakh
  • Tarun Mudra: Rs. 5 lakh to Rs. 10 lakh

MUDRA loans are availed through various financial institutions, including Public sector banks, Private sector banks, Regional Rural Banks, Small Finance Banks, Microfinance Institutions, and Non-Banking Financial Companies (NBFCs).

Unlike other loan schemes, PMMY doesn’t have specific criteria for age, gender, tenure, interest rates, etc. All these factors can vary based on the category of the loan and the policies of the lending institution.

Prime Minister’s Employment Generation Programme (PMEGP)

PMEGP is a credit-linked subsidy scheme administered by the Ministry of Micro, Small and Medium Enterprises (MSME), which aims at creating job opportunities by establishing micro-enterprises. The main target of this scheme is Women, Traditional and prospective artisans and Unemployed youth. The following are some of its main features:

Age Minimum age of 18
Interest rate Between 11% -12% depending on the bank
Loan tenure 3-7 years
Education qualification VIII standard pass
Maximum Loan amount Rs. 1 Crore
Subsidy 15% to 35%

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

CGTMSE is a joint initiative launched in 2000 by the Ministry of Micro, Small and Medium Enterprises (MSME), the Government of India, and the Small Industries Development Bank of India (SIDBI). It encourages financial institutions to provide collateral-free credit schemes to micro and small enterprises. In case of any default, the bank can file a claim with CGTMSE. The following are some of its main features:

Loan amount Up to 5 crore
Collateral Not required
Loan tenure 5-10 years
Annual Guarantee fee 0.37%-1.35%
Age Minimum age of 18

Stand-up India

Stand-up India is a central government scheme launched in 2016. It provides bank loans for entrepreneurship among women and members of Scheduled Castes (SCs) and Scheduled Tribes (STs). Existing businesses cannot avail loans through this scheme, as these are provided for starting new businesses. These loans are provided through various banks, including scheduled commercial banks, regional rural banks (RRBs), and small finance banks.

This scheme provides loan amounts ranging from Rs. 10 lakhs to Rs. 1 crore. The interest rates and tenure vary depending on the nature of the business and other factors such as the nature of the business, credit policies of the lender, etc.

SIDBI Make in India Soft Loan Fund for Micro, Small, and Medium Enterprises (SMILE)

SMILE is a scheme launched by the central government to provide financial assistance to 25 Identified sectors under the ‘Make in India’ initiative. This scheme promotes the ‘Make in India’ initiative among entrepreneurs. SMILE provides adequate funding for the setting up of new enterprises and also for the expansion of existing ones. The following are some of its main features:

Loan tenure Maximum 10 years
Loan amount From Rs.10 lakhs to Rs.25 lakhs
Interest rates Depending on enterprises’ requirement
Nature of loan Quasi-equity and term loans

These are some of the loan schemes available for MSMEs in Odisha. Each scheme has its eligibility criteria, and MSMEs can choose the one that best suits their requirements. By availing of these schemes, MSMEs can meet their financial needs and contribute to the growth of the economy.

About Finline!

Finline is an online platform for creating financial reports for getting bank loans and investments. It’s like ‘Canva’ but for financials. If you are an entrepreneur looking for a bank loan, you need to have a well-crafted project report. We, at Finline will help you with that. Our team will help you create a powerful business plan in ten minutes. That too in your language. All public and private sector banks working in India accept our project report. Click to create your report.

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MSME Loan schemes available in Nagaland

Nagaland, a state in the northeastern region of India, is home to a vibrant and diverse micro, small, and medium enterprise (MSME) sector. To support the growth and development of this sector, the government of Nagaland has launched several loan schemes specifically designed for MSMEs. These loan schemes offer financial assistance to entrepreneurs and help them start or expand their businesses. In this blog, we will discuss some of the MSME loan schemes available in Nagaland.

Nagaland State Industrial Development Corporation (NSIDC) Term Loan Scheme:

The NSIDC Term Loan Scheme provides financial assistance to new and existing MSMEs for setting up new units, expansion, and modernization of existing units. This loan requires the beneficiary to submit collateral to avail this loan. The following are the major highlights of this scheme:

Loan amount Up to ₹50 lakh
Collateral Required
Loan tenure Up to 7 years
Annual Guarantee fee 0.37%-1.35%
Age Minimum age of 18

Nagaland State Cooperative Bank (NSCB) MSME Loan Scheme:

The NSCB Loan Scheme provides financial assistance to MSMEs for setting up new units, expansion, and modernization of existing units. To access this loan you need to submit a collateral. The collateral can be land, property or any other assets. Following are some of its highlights:

Loan amount  ₹5 lakh to ₹50 lakh
Collateral Required
Loan tenure Up to 7 years
Moratorium period 2 years on principal repayment
Preference Units located in industrial estates developed by NIDC

Nagaland State Rural Livelihoods Mission MSME Loan scheme(NSRLM)

NSRLM aims to improve the livelihoods of rural communities in Nagaland by promoting sustainable livelihoods. Under this scheme, financial assistance is provided to women’s self-help groups (SHGs) for starting small businesses. Following are some of its highlights:

Loan amount ₹1 lakh  to ₹5 lakh
Collateral Depending on the nature of the loan
Loan tenure 5 years
Interest rates 4% to 7% (subsidized Rates)
Preference Self Help Groups (SHGs) formed and promoted by NSRLM

PM Formalisation of Micro Food Processing Enterprises Scheme

PM Formalisation of Micro Food Processing Enterprises Scheme is a scheme launched by the central government of India to help existing micro food processing units upgrade and formalize their businesses. This scheme is only available to existing units with annual turn over up to 25 lakhs. Following are some of its highlights:

Soft Loan amount Up to ₹2 lakh
Subsidy 70% subsidy on capital expenditure (maximum ₹1 lakh)
Loan tenure 6 months to 3 years
Extra benefits Handholding support, technical assistance, and skill development training
Preference Farmer Producer Organizations (FPOs), Self Help Groups (SHGs), and producer cooperatives

Credit Linked Capital Subsidy Scheme (CLCSS)

Credit Linked Capital Subsidy Scheme was launched in October 2000 by the Government of India. This scheme provides necessary funds to MSMEs for upgrading their existing technologies. Enterprises can use this scheme to upgrade their existing plant and machinery and increase profit. This scheme has no upper loan limit, but the subsidy is calculated on the loan amount sanctioned for P&M purchase only. The following are its main features:

Loan amount No upper limit
Subsidy 15% of the loan amount
Annual guarantee fee 0.75%-1.0%
Loan tenure Flexible tenure depending upon the repayment capacity

Pradhan Mantri MUDRA Yojana (PMMY)

The Pradhan Mantri MUDRA Yojana (PMMY) is a flagship central government scheme launched in 2015. It provides micro-loans to non-corporate, non-farm micro and small enterprises in both rural and urban areas.

PMMY offers loans under three categories, depending on the stages of business growth and funding needs:

  • Shishu Mudra: Up to Rs. 50,000
  • Kishore Mudra: Rs. 50,001 to Rs. 5 lakh
  • Tarun Mudra: Rs. 5 lakh to Rs. 10 lakh

MUDRA loans are availed through various financial institutions, including Public sector banks, Private sector banks, Regional Rural Banks, Small Finance Banks, Microfinance Institutions, and Non-Banking Financial Companies (NBFCs).

Unlike other loan schemes, PMMY doesn’t have specific criteria for age, gender, tenure, interest rates, etc. All these factors can vary based on the category of the loan and the policies of the lending institution.

Prime Minister’s Employment Generation Programme (PMEGP)

PMEGP is a credit-linked subsidy scheme administered by the Ministry of Micro, Small and Medium Enterprises (MSME), which aims at creating job opportunities by establishing micro-enterprises. The main target of this scheme is Women, Traditional and prospective artisans and Unemployed youth. The following are some of its main features:

Age Minimum age of 18
Interest rate Between 11% -12% depending on the bank
Loan tenure 3-7 years
Education qualification VIII standard pass
Maximum Loan amount Rs. 1 Crore
Subsidy 15% to 35%

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

CGTMSE is a joint initiative launched in 2000 by the Ministry of Micro, Small and Medium Enterprises (MSME), the Government of India, and the Small Industries Development Bank of India (SIDBI). It encourages financial institutions to provide collateral-free credit schemes to micro and small enterprises. In case of any default, the bank can file a claim with CGTMSE. The following are some of its main features:

Loan amount Up to 5 crore
Collateral Not required
Loan tenure 5-10 years
Annual Guarantee fee 0.37%-1.35%
Age Minimum age of 18

Stand-up India

Stand-up India is a central government scheme launched in 2016. It provides bank loans for entrepreneurship among women and members of Scheduled Castes (SCs) and Scheduled Tribes (STs). Existing businesses cannot avail loans through this scheme, as these are provided for starting new businesses. These loans are provided through various banks, including scheduled commercial banks, regional rural banks (RRBs), and small finance banks.

This scheme provides loan amounts ranging from Rs. 10 lakhs to Rs. 1 crore. The interest rates and tenure vary depending on the nature of the business and other factors such as the nature of the business, credit policies of the lender, etc.

SIDBI Make in India Soft Loan Fund for Micro, Small, and Medium Enterprises (SMILE)

SMILE is a scheme launched by the central government to provide financial assistance to 25 Identified sectors under the ‘Make in India’ initiative. This scheme promotes the ‘Make in India’ initiative among entrepreneurs. SMILE provides adequate funding for the setting up of new enterprises and also for the expansion of existing ones. The following are some of its main features:

Loan tenure Maximum 10 years
Loan amount From Rs.10 lakhs to Rs.25 lakhs
Interest rates Depending on enterprises’ requirement
Nature of loan Quasi-equity and term loans

About Finline!

Finline is an online platform for creating financial reports for getting bank loans and investments. It’s like ‘Canva’ but for financials. If you are an entrepreneur looking for a bank loan, you need to have a well-crafted project report. We, at Finline will help you with that. Our team will help you create a powerful business plan in ten minutes. That too in your language. All public and private sector banks working in India accept our project report. Click to create your report.