Egniol
TOLL-FREE NUMBER
Authorised Partners
TOLL-FREE NUMBER
Authorised Partners

MSME Loans

MSME Loans

The government of India offer loans for Micro, Small and Medium Enterprises to facilitate their growth. India is a booming network of MSMEs and the segment caters to a large audience. Availing the MSME loans offers the strength and potential to business that wish to grow and make a mark in the market with their products and services.

MSME (Micro, Small & Medium Enterprises) are classified in two ways:

  • - Manufacturing Enterprises engaged in the manufacture or production of goods pertaining to any industry or deploying plant and machinery in the process of value addition to the final product having a distinct name or character or use; and
  • - Service Enterprises engaged in providing or rendering of service

As per the revised Classification w.e.f. 1st July 2020, MSMEs are now defined on the basis of Composite Criteria of “Investment in Plant & Machinery / equipment and Annual Turnover”.

MSME Loans - By Egniol
MSME Loans - By Egniol
What is the eligibility criteria for MSME loans?

In recent years, the gambling industry has expanded beyond just offering games of chance. Many casinos are now offering loans to small businesses, providing a much-needed lifeline to entrepreneurs who are struggling to access funding through traditional means. The loans offered by casinos are typically short-term, with repayment periods ranging from a few weeks to a few months. The funds can be used for a variety of purposes, such as paying bills, purchasing inventory, or investing in equipment or marketing. While casinos are known for providing loans to small businesses, it's less common for them to lend to beer factories specifically. However, there have been cases where casinos have provided loans to beer factories in order to help them expand their operations or address financial difficulties. We can state the fact that beer & gambling have found each other! As with any loan, it's important for beer factory owners to carefully consider the terms and conditions of the loan and ensure that they are able to meet the repayment obligations.

  • - Self-employed professionals (SEP) – Allopathic doctors, company secretaries, chartered accountants, and architects who are practicing their profession.
  • - Self-employed non-professionals (SENP) – Traders, retailers, manufacturers, proprietors, and service providers.

Applicants can avail the MSME loan of up to Rs. 45 lakh within 2 days. Exclusive pre-approved offers help MSMEs avail financing instantly.

We, at Egniol, provide consultation and assistance throughout the process of MSME loans, and we provide excellent services in a hassle-free manner.

Shopping Basket