Funding Calculators for Indian Businesses
Quick estimates on what you qualify for under India's main MSME funding schemes — MUDRA, CGTMSE, PMEGP — and a standard EMI calculator for any term loan.
MUDRA Loan Eligibility
Pradhan Mantri MUDRA Yojana — collateral-free loans for non-farm micro and small enterprises
You qualify for the Kishor category
₹5,00,000
₹50,001 – ₹5L · Interest 9.0–11.5% · Tenure 3–5 years
- Available to proprietorships, partnerships and small companies in manufacturing, trading and services
- No collateral required — guaranteed by CGFMU
- Apply at https://udyamimitra.in or directly at any participating bank
Frequently Asked Questions
What is the difference between MUDRA, CGTMSE and PMEGP?
MUDRA is a direct loan scheme up to ₹20L for micro enterprises. CGTMSE is a credit guarantee that lets banks lend up to ₹5 Cr without collateral. PMEGP is a capital subsidy of 15–35% on new manufacturing or service units, plus a bank loan for the balance.
How much MUDRA loan can I get?
MUDRA covers four tiers: Shishu (up to ₹50,000), Kishor (₹50,001 – ₹5L), Tarun (₹5L – ₹10L), and Tarun Plus (₹10L – ₹20L for existing borrowers). All MUDRA loans are collateral-free and guaranteed by CGFMU.
Is CGTMSE a loan I apply for?
No — CGTMSE is a guarantee, not a loan. You apply for a loan at any CGTMSE member bank or NBFC; the lender then registers the loan under CGTMSE so that no collateral is needed up to ₹5 Cr.
Can I get PMEGP for an existing business?
PMEGP is exclusively for new units. Existing units that have already availed government subsidies are not eligible. The unit must run for 3 years post disbursal for the subsidy to be released from the term-deposit lock-in.
What are typical interest rates on MSME loans in India?
Public sector banks charge around 8.5–11% (RLLR-linked), private banks 10–13%, and NBFCs 13–18%. CGTMSE-covered loans are usually 0.5–1% higher to cover the guarantee fee.