MSME Fund

Incur capital deals with various schemes and initiatives to support and fund MSMEs. Here are some key government schemes and funding options available for MSMEs.

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Key Government Funding Schemes for MSMEs

1.Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

• Objective: To provide collateral-free credit to micro and small enterprises.
• Eligibility: New and existing MSMEs engaged in manufacturing or service activities.
• Funding Amount: Up to ₹2 crore.
• Application Process: Apply through participating banks and financial institutions.
• Website: CGTMSE

2. Prime Minister’s Employment Generation Programme (PMEGP)

• Objective: To generate self-employment opportunities through the establishment of micro enterprises in rural and urban areas.
• Eligibility: Individuals above 18 years of age, self-help groups, institutions, and cooperatives.
• Funding Amount: Up to ₹25 lakh for manufacturing and ₹10 lakh for service sector.
• Application Process: Apply through the Khadi and Village Industries Commission (KVIC) portal.
• Website: KVIC PMEGP

3.Micro and Small Enterprises – Cluster Development Programme (MSE-CDP)

• Objective: To support the sustainability and growth of MSMEs by addressing common issues such as improvement of technology, skills, quality, market access, etc.
• Eligibility: Clusters of MSMEs.
• Funding Amount: Varies based on project requirements.
• Application Process:Apply through the Ministry of MSME.
• Website: MSE-CDP

4.Stand Up India Scheme

• Objective: To promote entrepreneurship among women and SC/ST communities.
• Eligibility: SC/ST and/or women entrepreneurs setting up greenfield enterprises.
• Funding Amount: ₹10 lakh to ₹1 crore.
• Application Process: Apply through the Stand Up India portal.
• Website: Stand Up India

5.SIDBI Make in India Soft Loan Fund for Micro, Small, and Medium Enterprises (SMILE)

• Objective: To provide soft loans to MSMEs to meet the required debt-equity ratio and term loan requirements.
• Eligibility: New and existing MSMEs in manufacturing and service sectors.
• Funding Amount: Varies based on project requirements.
• Application Process: Apply through the Small Industries Development Bank of India (SIDBI).
• Website: SIDBI SMILE

6.Technology Upgradation Fund Scheme (TUFS)

• Objective: To facilitate the modernization and upgradation of the MSME sector.
• Eligibility: MSMEs in the textile and jute industry.
• Funding Amount: Varies based on project requirements.
• Application Process: Apply through the Ministry of Textiles.
• Website: TUFS

7.National Small Industries Corporation (NSIC) Subsidy

• Objective: To promote and support MSMEs through various schemes like raw material assistance, marketing assistance, and performance and credit rating.
• Eligibility: MSMEs registered with NSIC.
• Funding Amount: Varies based on the scheme.
• Application Process: Apply through the NSIC portal.
• Website: NSIC

8.Kalaari Capital

• Focus:Technology, internet, and mobile startups.
• Website:Kalaari Capital