MSME stands for Micro, Small, and Medium Enterprises. An MSME loan is a financial product specifically designed to meet the funding needs of these types of businesses. The Government of India categorizes MSMEs based on their investment in plant and machinery or equipment and turnover. 

1. Machinery Loan
2. Power loom Loan
3. Business Loan
4. Plant Development Loan 

• Eligibility: All SME Units run by individual, Proprietary concerns, Registered Partnership Firms, Private Limited Companies.

• Purpose: For expansion/development of existing business.

• Rate of Interest: 13.50%

• Repayment: Working capital 1 year renewal review every year capital Expenditure Debt medium or long term

• Security: Registered Mortgage of NA Constructed immovable property, 2 Guarantors.

• Processing Fees: 25000 to 1 lakh-1500, 1 lakh to 5 lakh- 2000.

• Share Holding: 2.50% of the loan amount.

• Document: Identity, Address proof, income papers of Borrower and both Guarantors, Project report of Business & concerned documents like property extract, search report, valuation etc.

• Guarantor: Two Guarantor

• Insurance: Insurance of property charged to the bank.

• Other: other term and conditions are also applicable.