Frequently Asked Questions

SME AND MSME LOAN

How can I register my business as an MSME?

You can register online through the Udyam Registration Portal using your Aadhaar number and business details.

What is the PMMY (Pradhan Mantri MUDRA Yojana)

It’s a government scheme that offers collateral-free loans up to ₹10 lakh to micro and small enterprises under three categories: Shishu, Kishore, and Tarun.

Can MSMEs get collateral-free loans?

Yes. Under the CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) scheme, MSMEs can avail loans without collateral up to a certain limit.