These MSME schemes are backed by the government and you can apply for an MSME loan with any financial institution that has the provision for any MSME scheme. But you would also need to make sure you are eligible for the loans you apply for. You can contact your lender at your nearest bank branch and see which loan scheme will suit your needs and your eligibility. There are also options where you can apply for MSME loans online by uploading the docs required. Once your loan is approved you can get your loan disbursed quickly.

There are many MSME loan schemes like MUDRA(Micro Unit Development and Refinance Agency), CGTMSE(Credit Guarantee Funds Trust for Micro and Small Enterprises), PMEGP (Prime Minister’s Employment Generation Programme), etc. Before applying for a loan make sure you have a good credit score so that your loan application doesn’t get rejected. With a good credit score you will also be able to get low interest loans and high loan amounts.