Eligibility Criteria for MSME loan
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The easy-to-meet MSME loan eligibility criteria help avail a hassle-free MSME Loan from Bajaj Finserv. These relaxed requirements simplify the loan application process and also expedite loan processing. To qualify and get funding through a Bajaj Finserv MSME loan, you must meet the following criteria:
The eligibility criteria for MSME loans are as follows:
- Business experience: The applicant must have at least 3 years of experience in the same industry
- Minimum turnover: The business should have a minimum annual turnover of Rs. 40 lakh
- Profitability: The business must have demonstrated profitability for at least one year
- Credit history: A good credit score is required, indicating responsible financial management and loan repayment capability
- Applicant's age: The primary applicant must be at least 18 years old and not exceed 80 years of age by the loan’s maturity date
Latest MSME Budget Updates in February 2025
Updated investment limits: The investment and turnover limits for MSMEs will be increased by 2.5 times and 2 times, respectively
Types of enterprises and revised limits
Type of enterprise |
Revised investment limit |
Revised turnover limit |
Micro enterprises |
From Rs. 1 crore to Rs. 2.5 crore |
From Rs. 5 crore to Rs. 10 crore |
Small enterprises |
From Rs. 10 crore to Rs. 25 crore |
From Rs. 50 crore to Rs. 100 crore |
Medium enterprises |
From Rs. 50 crore to Rs. 125 crore |
From Rs. 250 crore to Rs. 500 crore |
Additional initiatives for MSMEs in budget 2025
- Credit cards for micro enterprises: Customised credit cards with a Rs. 5 lakh limit will be introduced for micro enterprises registered on the Udyam portal, with 10 lakh cards planned for issuance in the first year
- Fund of funds for startups: The Alternate Investment Funds (AIFs) for startups, with a total commitment of Rs. 91,000 crore, will be expanded with an additional Rs. 10,000 crore Fund of Funds
- Scheme for first-time entrepreneurs: A new scheme will support 5 lakh first-time entrepreneurs, including women, SCs, and STs, offering term loans of up to Rs. 2 crore over the next 5 years
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