MSME Loan Consultant in your District

MSME loan can be taken for any business type to meet your working capital requirement, boost cash flow, business expansion, stock up on inventory, pay off rent, and salaries, purchase raw materials, equipment, tools or anything related to your business for growth. 

MSME loan schemes initiated under the Ministry of MSME (MoMSME) are offered to Micro, Small, and Medium Enterprises (MSME) by various Banks/NBFCs. As per the revised classification w.e.f. 1^st July 2020, MSMEs are now defined based on Composite Criteria of “Investment in Plant & Machinery/equipment and Annual Turnover”. Find more at the government website or speak to an OZGiAN.

 📌  MSME Loan Eligibility Criteria -  

🎯 The essential criteria to qualify for the MSME loan is to be an existing micro, small, or medium entrepreneur in the manufacturing or services industry.

🎯 Age: 21 - 60 years. 

🎯  Business Vintage: 1 year & above.

🎯 Credit Score: A good credit score increases the chances of loan approval. 

📌  MSME Loan checklist by OZG Documentation Center

➡ 1) MSME Certificate also known as Udyam Registration Certificate. 

🎯 How to get it? 

Get it easily at the government website:  udyamregistration.gov.in. This is a fully online process and is free. 

➡ 2) Loan Application Form:

Business Loan for MSME application form duly filled and signed by all the applicant(s). 

➡ 3) Photographs: 

Passport-size photographs of all the applicant(s). 

➡ 4) Identity Proof -

🎯 Pan Card

🎯 Aadhar Card

🎯 Passport

🎯 Voters ID Card

🎯 Driving License

➡ 5) Residence Address Proof -

🎯 Passport

🎯 Latest Utility Bill - Telephone or Electricity bill.

🎯 Ration Card

🎯 Aadhar Card

🎯 Driving License

➡ 6) Business Address Proof:

🎯 Trade License

🎯 Rent Agreement

🎯 Utility Bill under the name of the business - Telephone or Electricity bill, not more than 3 months old.

➡ 7) Proof of Age of the Applicant(s):

Applicants need to submit their proof of age as one of the documents required for Business Loan for MSME

➡ 8) MSME Business Plan: 

You can get an OZGiAN 24/7 support chat within 1 to 3 working day.

➡ 9) Bank Statement: 

The last 6 months. Get it instantly for FREE from WhatsApp no. of your bank. 

➡ 10) Income Proof: 

This is the income proof of the business that could be the Income Tax Returns (ITR) with the profit and loss account and balance sheet. 

➡ 11) Business Registration Proof:

🎯 Trade License / Partnership deed

🎯 Company Registration Certificate, Memorandum of Association (MoA), Article of Association (AOA).