Description
MSME Loans in India: Fueling Growth for Small Businesses
As BusinessBadhega.com, we recognize the critical role that financing plays in nurturing Micro, Small, and Medium Enterprises (MSMEs). Let’s explore the world of MSME Loans, their eligibility criteria, and how we can assist you in securing these vital funds.
Understanding MSMEs
- MSMEs form the backbone of India’s economy, catering to a diverse audience.
- They are classified into two categories:
- Manufacturing Enterprises: Engaged in producing goods or deploying machinery for value addition.
- Service Enterprises: Providing various services.
Revised MSME Classification
- As of 1st July 2020, MSMEs are defined based on the Composite Criteria of:
- Investment in Plant & Machinery/Equipment
- Annual Turnover
MSME Loans
- BusinessBadhega offers MSME loans, empowering businesses to grow and leave their mark in the market.
- These loans provide the strength and potential needed for expansion and success.
Eligibility Criteria for MSME Loans
- Self-Employed Professionals (SEP):
- Allopathic doctors, company secretaries, chartered accountants, and practicing architects.
- Self-Employed Non-Professionals (SENP):
- Traders, retailers, manufacturers, proprietors, and service providers.
MSME Loan Benefits
- Quick Disbursement: Applicants can avail loans of up to Rs. 45 lakh within 2 days.
- Pre-Approved Offers: Exclusive pre-approved offers make financing accessible for MSMEs.
How Can We Assist You?
At BusinessBadhega.com, we provide end-to-end consultation and hassle-free services throughout the MSME loan process. Let us be your partner in growth!
Note:- Initial Consulting Fee + Addon Fee Based on Review