Scorpion Capital
MSME
Government Eligibility Criteria & Checklist for MSME Funding in India
Definition of MSME (Updated July 1, 2020):
Enterprise Type Investment in Plant & Machinery/Equipment Annual Turnover
| Category | Lower Limit (≤) | Upper Limit (≤) |
|---|---|---|
| Micro | ₹1 crore | ₹5 crore |
| Small | ₹10 crore | ₹50 crore |
| Medium | ₹50 crore | ₹250 crore |
General Eligibility Criteria for MSME Funding:
- • Udyam Registration (Mandatory) via https://udyamregistration.gov.in
- • Recognized MSME structure (Sole Proprietorship, LLP, Pvt. Ltd. etc.
- Active business in manufacturing/service sector
- Valid PAN and GST registration (as applicable)
- Good CIBIL or credit score (700+ preferred)
- No default with any bank/NBFC; not under IBC
- Compliant with environment/labour laws
- Financial documents (ITRs, audited reports etc) upto 3 years.
Funding Checklist for MSMEs
✅ Udyam Registration Certificate
✅ Business PAN Card
✅ GST Registration Certificate (if applicable)
✅ Aadhar Card of Proprietor/Directors
✅ Last 2 Years ITRs & Financials
✅ Bank statements (last 6-12 months)
✅ Project Report or Business Plan
✅ Collateral Documents (if applicable)
✅ CIBIL/CRIF Report
✅ NOC from Existing Financier (if refinancing)
Popular MSME Funding Schemes
| Scheme Name | Description |
|---|---|
| CGTMSE | Collateral-free loans up to ₹2 crore |
| PMEGP | Support to new micro-enterprises via KVIC |
| Mudra Loans | Loans up to ₹10 lakh for all MSMEs |
| Stand-Up India | For SC/ST/Women entrepreneurs (₹10L–₹1Cr) |
| SMILE by SIDBI | Soft loans to support MSME growth |
| ECLGS | Emergency COVID-19 relief funding |
Official Government Portals
- Udyam Registration: https://udyamregistration.gov.in
- MSME Samadhan: https://samadhaan.msme.gov.in
- MSME Sampark: https://sampark.msme.gov.in
- CGTMSE: https://cgtmse.in
- PMEGP: https://kviconline.gov.in
- Mudra Loans: https://mudra.gov.in
- Stand Up India: https://standupmitra.in
- MSME Ministry: https://msme.gov.in
