Who is eligible for msme loan

Any Indian enterprise, whether individual or non-individual, holding an active Udyam Registration Certificate is eligible for an MSME loan. Eligibility is primarily based on the business meeting specific investment and turnover criteria:

• Micro Enterprises: Investment up to ₹2.5 crore and turnover up to ₹10 crore.
• Small Enterprises: Investment up to ₹25 crore and turnover up to ₹100 crore.
• Medium Enterprises: Investment up to ₹125 crore and turnover up to ₹500 crore.

Lenders also consider factors like business vintage, credit score, and repayment capacity.