WHAT IS MSME.? WHAT'S MSME LOAN? WHAT IS MUDRA LOAN? DOCUMENTS, CATEGORY AND CONDITIONS.

For more details visit ministry of MSME linkMUDRA Loan in detail link

What is MSME Loan?

MSME means Micro, Small, Medium Enterprises business entities, in MSME categorisation three changes are now made which are following… 

I. An increase in investment limits of micro, small and medium businesses entities. 

II. Introduction of turnover based classification. 

III. No distinction between companies in service provider or manufacturers. 

At above discussed based changes made by government now following are the current classification of MSME entities. 

I. Micro category: In micro business category those businesses who’s maximum business investment(including all machinery,plant or equipment, Furniture ,row materials etc..) is up-to max 1 Cr (Rs. One crore) and total maximum business turnover not more than five crores, falls under Micro business entity.  

II. Small category: In small business category those businesses who’s maximum business investment (including all machinery or equipment, plant, row materials etc… ) is up-to 10 Cr (Rs. Ten crores) and total maximum business turnover not more than fifty crores, falls under Small business entity.

III. Medium Enterprises category : In medium business category those businesses who’s maximum business investment (including all machinery or equipment, plant, row materials etc… ) is up-to 50 Cr (Rs. Fifty crores) and total maximum business turnover not more than 250 cr. (two hundred and fifty crores), falls under Medium  business entity.

    

                           MSME LOAN

Note: There are no middleman or agents involved in MSME loan facilities for availing msme loans, borrowers are advised to keep away these kinds of person. 

To apply MSME loan customer must be  register under msme (Udyog adhar -ie. Free Resistraion done at https://udyamregistration.gov.in) and visit your bank where you have already open your business account with following documents. 

I. Applicant's KYC: Applicant's passport size photo, photo id-date of birth-signature proof/pan card, address proof/aadhar card, relationship proof. 

II. Udyog adhar: Udyog adhar Resistraion copy. 

III. Quotations: All machinery/equipment quotation details and last 6months sales-purchase bills.

IV. ITR: Last 3 years ITR return and one year's bank statement.

V. SOA: Last one year all loan account statement. 

Note: Any extra documents can be asked as per banks requirement... Customers  must be aware that they should not have any default/overdue any loan or this kind of wrong practice/fraud, if found bank may cancel loan request at any stage.

                      MUDRA LOAN 

Note: There are no middleman or agents involved in mudra loan facilities for availing mudra loans, borrowers are advised to keep away these kinds of person. 

Under Pradhan mantri mudra yojana (PMMY), Mudra has created three schemes thats are following... 

I. Shishu: Covering up to Rs. 50,000/-

II. Kishore.  Covering above Rs. 50,000/- up to Rs. 5,00,000/-

III. Tarun: Covering above Rs. 5,00,000/- up to Rs. 10,00,000/-

                  Who Can Apply??? 

Note:Mudra Loan facilities are available for following end use..

1-Transport Vehicle. Example :Tractor, auto rickshaw etc. 

2-Community, Social & personal service activities. Example :salon, beauty parlor, dry cleaning, medical shop etc. 

3-Food products sectors. Example :Papad making, achar making etc. 

4-Textile products/activities. Example:Handloom, poweloom, khadi activities etc. 

5- Business loan for traders and shop keepers. 

6- Equipment finance schemes for micro units. 

7- Activities allied to agriculture. Example: Bee keeping,  poultry form, dairy, fishery etc. 

Documents required for Mudra Loan:

Borrower should visit at State bank of India for their MUDRA loan requirements about Mudra loan documentation and procedures request..with following documents....

I. KYC: Applicant's passport size photo, photo id-date of birth-signature proof/pan card, address proof/aadhar card, relationship proof. 

II. Business entities & Udyog adhar: Udyog adhar Resistraion copy & other business related permission/licenses.

III. Quotations: All machinery/equipment quotation details and last 6months sales-purchase bills.

IV. ITR: Last 3 years ITR return and one year's bank statement.

V. SOA: Last one year all loan account statement. 

Note: Any extra documents can be asked as per banks requirement... Customers  must be aware that they should not have any default/overdue any loan or this kind of wrong practice/fraud, if found bank may cancel loan request at any stage.