Who is eligible for Udyam loan?

Enterprises registered as Micro, Small, or Medium Enterprises (MSMEs) with a valid Udyog Aadhaar or Udyam number are eligible for Udyam loans. The business must primarily operate within the manufacturing or service sectors, though trading firms may qualify under specific loan schemes. Applicants should also meet minimum age and business vintage requirements, such as having a minimum of two years in business, as specified by the lender.