SCHEME FOR FINANCING TO MSMEs
PURPOSE:
- Providing loans for Tiny Industry, Small Scale Industry and Medium Enterprises.
ELIGIBILITY:
The following units are eligible for financing under SMEs:-
i).
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Manufacturing’s units –Micro, Small & Medium manufacturing concerns, ancillary units, vendors to large manufacturers, Agro processing units etc.
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ii).
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Service entities – Educational institutions, hotels, travel, freight management, small hospitals, call centres, health care units, women entrepreneurs etc.
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iii).
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Micro and Small Scale (Industry related) Service and Business Enterprises (SSSBE) which forms part of SMEs.
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Classification of MSME as per MSMED Act, 2006 is as under
Enterprises
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Enterprises engaged in Services (Investment in Equipments)
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Micro
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Up to Rs. 10 lakh
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Small
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Above Rs. 10 lakh & up to Rs. 2 crore
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Medium
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Above Rs. 2 crore & up to Rs. 5 crore
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Enterprises
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Enterprises engaged in Services (Investment in Equipments)
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Micro
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Up to Rs. 25 lakh
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Small
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Above Rs. 25 lakh & up to Rs. 5 crore
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Medium
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Above Rs. 5 crore & up to Rs. 10 crore
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