MICRO, SMALL & MEDIUM ENTERPRISES (Business ) LOANS

 

Government of India is pushing up Business sector for exponential growth which accounts for 80 % employment in the country. A dedicated entity SIDBI (The Small Industrial Development Bank Of India) is established which provides financial assistance to the sector.

Business Loans are offered to small / medium scale industries where fund is used for setting up a unit, buying machinery, installations & working capital etc.

TYPE OF SME LOANS
  • Working Capital Loan – Over Draft (OD) & Cash Credit (CC)
  • Unsecured Business Loan
  • Loan Against Property
  • Term Loan – Plant & Machinery Loans
  • Lease Rent Discounting (LRD)
  • Letter of Credit (LC)
  • Bank Guarantee (BG)
  • Buyers Credit and Bill Discounting
  • Sales Invoice Financing
  • Export Limits (PCFC & EPC)

MANUFACTURING SECTOR

 

  • Micro Enterprises: Businesses with revenue of as much as Rs 5 crore is called a micro enterprise.
  • Small Enterprises: Businesses with revenue between Rs 5 crore and Rs 75 crore is called a small enterprise.
  • Medium Enterprises: Businesses with revenue between Rs 75 crore and Rs 250 crore is called a medium enterprise.

Service Sector

 

  • Micro Enterprises: Businesses with revenue of as much as Rs 5 crore is called a micro enterprise.
  • Small Enterprises: Businesses with revenue between Rs 5 crore and Rs 75 crore is called a small enterprise.
  • Medium Enterprises: Businesses with revenue between Rs 75 crore and Rs 250 crore is called a medium enterprise.