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Credit Guaranteed Loan

2nd Loan for up-gradation of the existing PMEGP/MUDRA units

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Objective

Technology up-gradation and expansion of existing units through credit support

Key Benefits

To fulfill the need of additional financial assistance for upgradation and expansion of successful/well performing existing unitsMaximum subsidy would be 15% of the project cost (20% for NER and Hill States). The balance amount of the total project cost is provided by Banks as term loan.

Applicable For

Existing well performing PMEGP/MUDRA units

Detailed Information

Further financial assistance scheme for expansion/upgrade the existing PMEGP/MUDRA units for manufacturing and Service/Trading units from the year 2018-19The maximum cost of the project under manufacturing sector for up-gradation is Rs.1.00 crore and Rs.25.00 lakh under Service/Trading sector.Maximum subsidy would be 15% of the project cost (20% for NER and Hill States) i.e. Rs. 15.00 lakh in Non-NER and Rs. 20.00 Lakh for NER and Hill States. The balance amount of the total project cost are provided by Banks as term loan.All existing units financed under PMEGP/MUDRA schemes running successfully whose Margin Money claim has been adjusted and the First loan (only CE) availed should have been repaid in stipulated time and WC may be exempted.The units should have been making profit for the last three years.Beneficiary may apply to the same financing bank, which sanctioned the loan for their unit, or to any other financing bank, which is willing to extend credit facility for second loan.The beneficiary can choose any implementing agency and that may be different from the agency chosen for 1st loan.Registration of Udyog Aadhar Memorandum (UAM) is mandatory.The 2nd loan should lead to additional employment generation.On PMEGP e-Portal, a separate application link provided to submit the application under 2nd loan for up-gradation.

Frequently Asked Question

  • What is MCS?
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    MCS helps your business by providing access to over 800 government schemes, offering expert consultations, and simplifying regulatory processes, ultimately saving time, reducing costs, and accelerating your growth.
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    The Partnership Plan allows businesses to generate Scheme Reports for their clients, while also gaining access to online consultations through ProSePuccho. This plan provides an additional revenue stream by helping your clients access government schemes.
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  • How does MCS empower MSMEs with financial solutions?
    MCS is designed to assist Micro, Small, and Medium Enterprises (MSMEs) through a broad range of MSME services and MSME schemes that promote business expansion and resilience. Entrepreneurs can explore options like MSME Loan Scheme, working capital schemes, and term loans to finance growth and innovation. Additionally, MCS helps businesses leverage Credit Linked Capital Subsidy Scheme (CLCSS) and collaborates with the Ministry of Micro, Small and Medium Enterprises (MSME) to ensure financial sustainability and job creation across India.
  • How does MCS bridge the gap with government and institutional support for MSMEs?
    MCS collaborates with institutions like the Small Industries Development Bank of India (SIDBI) and actively works on credit accessibility and funding solutions such as the Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE). With the support of state governments, banks, and industry clusters (DICs), we facilitate MSMEs in implementing government initiatives like the Prime Minister’s Employment Generation Programme (PMEGP). Entrepreneurs can apply online for MSME loans or receive assistance to access financial resources like the Fund Trust for Micro Enterprises, enabling them to fully realize their potential.
  • What MSME schemes in India can entrepreneurs access through MCS?
    MCS makes it easy for businesses to access various MSME schemes in India, including funding solutions for small businesses and innovation-driven enterprises. Our platform simplifies scheme integration to help MSMEs tackle interest rate challenges and seamlessly benefit from government-instituted schemes designed for long-term sustainable growth. Whether it's financial support to scale operations or strategic advisory services to drive continuous growth, MCS serves as a consistent partner in the evolution of MSMEs.