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Fuel your MSME growth with customized business loans! Fast approval, flexible terms, and up to ₹15 crores to help you scale your business.

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MSME business loans

The GOI enacted the MSMED Act 2006. As the name states, the definition of MSMEs consists of Micro, small, and medium-scale enterprises. This sector accounts for almost one-third of India’s economy and plays a significant role in driving growth. So, accelerating your MSME business needs simplified processes and easy access to business loans without collateral. That’s why we are here to assist in expediting growth by providing hassle-free access to business loans for MSMEs in India.

Key Features of MSME Business Loans

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Advantages of MSME Business Loan

Business owners get an unsecured loan for their MSME. It is a convenient type of funding for businesses looking to expand, reconstruct, or launch new ventures.
Lower interest rates give MSME loans a competitive edge.
Collateral-free loans are beneficial for MSMEs because they often lack assets to offer as security.
MSMEs use short-term funding to fulfil short-term needs, avoiding long-term commitments.
Some investors ask for equity in MSMEs in exchange for funding, but MSME loans allow business owners to retain control.

Here’s a Guide to MSME Loans for New Business – Advantages, Eligibility and Application Process.

MSME Business Loan Eligibility Criteria

The business should be across the service or manufacturing sector to avail of the Loans for MSMEs in India.
The investments in the service sector should not exceed Rs. 5 crores.
Age above 25 years.
The business should have been in operation for more than six months if the fund is borrowed for business expansion.
The business setup should not be in the blacklist categories.

Challenges Faced by MSMEs in India

Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the Indian economy. They contribute to 45% of India’s total industrial employment and 50% of India’s total exports. MSME industries currently manufacture more than 6000 types of products. Therefore, when these industries grow, the country’s economy will also thrive.

Several financial institutions offer unsecured business loans to MSMEs to cover business-related expenses. The applicant must meet the MSME loan eligibility requirements. The Reserve Bank of India (RBI) and the Government of India define MSME loans as loans to businesses to help them in areas such as infrastructure, finance, and others.

There are certain government schemes under which certain financial institutions offer loans for MSMEs. For instance, CGTMSE, PMEGP, MUDRA Loan, RAMP, CBFTE, PMS and others.

Documents Required to Apply for MSME Business Loans

Obtaining MSME Business loans in India necessitates essential documents as listed below:

Adhar Card (complete page)
Pan Card
Latest Electricity Bill
Current Rent Agreement
Passport Size Photo

GST Certificate
MOA, AOA, Pan Card,
Shop act / Trade License
Certificate of incorporation
Shareholding Pattern
Partnership Deed
Current electricity bill and
Rent Agreement

All account Bank statements (For the last 12 months)
All current loan sanction letters

Last 2 years’ complete Financials
GST Returns (for last 12 months)

Govt schemes for MSMEs in the Pharmaceutical Sector

The government of India launched 3 schemes to make the pharma industry Atma Nirbhar, additional resilient and future-ready. Those are as below –

PTUAS Scheme
API-CF Scheme
PMPDS Scheme

Read more about the government schemes available for MSMEs in the Pharmaceutical Sector.

Few more schemes

1. RAMP scheme

RAMP is the World Bank-assisted GOI scheme. Technically, It stands for Raising and Accelerating MSME Performance. The scheme aims at

Improving access to market and credit
Strengthening institutions and governance at the Centre and State
Improving Centre-State linkages and partnerships
Addressing issues of delayed payments
Greening of MSMEs

2. CBFTE scheme

CBFTE is a scheme to help Indian MSMEs ensure that their products and services meet international quality standards so that they can reach their full potential in the global market. It will be beneficial for MSMEs as it will give them access to more opportunities and help them reach their potential in the global value chain.

3. PMS scheme

PMS (Procurement and Marketing Support) is an initiative by the government of India to help and support MSMEs, by promoting ways in for numerous marketing topics. MSME needs to know about the latest marketing developments and stay updated with trends.

MSME business loans at Terkar Capital

Terkar Capital offers easy access to MSME business loans in India, supporting this crucial sector that contributes significantly to the country’s economy. We offer MSME loans for new businesses, with a deep understanding of customers’ financial strengths and weaknesses, We provide personalized financial solutions, ensuring a smooth loan process.

How we execute MSME Business Loans?

Here’s the execution process to avail of an MSME business loan at Terkar Capital.

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Client's Testimonial

What our clients think about us?

H Tamhankar

We are very thankful to Terkar Capital for your efforts in arranging facility. Their approach is very simple, professional, and fast! The team is highly responsive that executed the process in short span of time without any hassles. Great work... Thank you!

J Agwan

Terkar Capital is upright at delivering specialized funding needs. They implement what they state. Because of you, we're able to make our business reach an exponential level.

A Waghmare

Obliged for the services by Terkar Capital in helping secure funds for the business. They offer a broad range of advanced funding solutions and deliver financial solutions that are right for customers. Grateful for the services rendered by your firm.

C Sonawane

Thank you Terkar Capital for processing my business loan in just a few working days. Very professional & skilled team. They understood my requirements to a level that were beyond my expectations from any lending company. I strongly recommend Terkar Capital.