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MSME Loan Benefits & Schemes

Your Udyam certificate unlocks access to collateral-free loans up to ₹50 lakh, priority sector lending, and subsidised interest rates — exclusively for registered MSMEs.

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Loan Schemes

Top MSME Loan Schemes in India

Know which scheme is right for your business

CGTMSE Scheme

Credit Guarantee Fund Trust for Micro and Small Enterprises. Collateral-free loans up to ₹2 crore. No guarantor needed. Backed by GoI.

MUDRA Loan

Pradhan Mantri MUDRA Yojana — Shishu (up to ₹50K), Kishore (₹50K–5L), Tarun (₹5L–10L). No collateral, easy documentation.

PSB 59-Minute Loan

In-principle loan approval within 59 minutes for MSMEs up to ₹5 crore. Available from multiple public sector banks online.

NSIC Subsidy Scheme

National Small Industries Corporation subsidy on raw material procurement, credit support, and marketing assistance for MSMEs.

Priority Sector Lending

Banks are mandated to allocate 40% of credit to priority sectors including MSMEs. Lower interest rates and faster processing guaranteed.

Interest Subsidy Schemes

State government schemes offering 3–5% interest subsidy on term loans for MSMEs. Varies by state and sector.

FAQ

MSME Loan FAQs

Yes! Under the CGTMSE scheme, registered MSMEs can get loans up to ₹2 crore without any collateral or third-party guarantee. The government provides credit guarantee to the bank. You need a valid Udyam Registration Certificate and good credit history.
MSME loans typically carry interest rates of 8–12% p.a. depending on the bank, scheme, and your credit profile. Under MUDRA scheme, rates start from 7.5% p.a. State government interest subsidy schemes can reduce your effective rate further by 3–5%.
Most bank loan schemes require GST registration for loans above ₹40 lakh. For smaller loans (MUDRA, CGTMSE up to ₹10 lakh), GST is not mandatory. However, having GST significantly improves your loan eligibility and the amount you can borrow.

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