UP MSME Loan Scheme 2022 Apply Online, Interest Rate & Login

UP MSME Loan Scheme 2022 Apply Online, Interest Rate & Login, UP Patrakar Pension Yojana Details, UP MSME Loan Mela Apply Online, UP MSME loan Mela  Registration

UP MSME Loan Scheme 2022: To provide assistance to the citizens in the state, Uttar Pradesh Chief Minister Yogi Adityanath has launched the UP MSME Loan Scheme , under which Apply Online has been started for the official website diupmsme.upsdc.gov.in.

Under this UP MSME Loan Scheme by the state government, interested individuals can apply in online mode for loans up to Rs 2,000 crore. In which MSMEs can apply for loans up to Rs 2,000 crore. Today we are telling you about thefeatures, benefits, list of documents required and eligibility criteria for UP MSME Loan Mela.

UP MSME Loan Scheme 2022

UP MSME Loan Scheme 2022 – This program, known as the Mukhyamantri Yuva Swarozgar Yojana, encourages young people in the state to become self-employed. Loans of up to Rs. 25 lakhs are available to individuals who want to start their own businesses, while loans of up to Rs. 10 lakhs are available to those in the service industry.

UP MSME Loan

The UP government will give financial support to 36,000 business people via the implementation of this program in order to foster economic growth in the country’s micro, medium, and small businesses. The loan amount would be Rs. 2000 crore. It functions as a sort of reed bone in the context of these three industries, without which nothing is conceivable.

UP MSME Loan Scheme Main Point Highlight:

scheme name UP MSME Loan Scheme
Announcement Uttar Pradesh Chief Minister Yogi Adityanath
State Uttar Pradesh
Registration Mode Online
date started May 14
Last date May 20
Beneficiary MSME Sector
total budget 2000 crore rupees
official website http://diupmsme.upsdc.gov.in/

Purpose of UP MSME Loan Scheme

As you all know that the whole of India is going through the crisis of corona virus. Many people in the country are suffering due to this corona virus. To reduce this corona virus and for the safety of the people of the country, the entire country has been locked down till May 17 by the Prime Minister.

Due to this lock down, many people of the country are facing difficulty in running their business, in view of this problem, the Chief Minister of UP has started the UP MSME Loan Mela , through this scheme the micro, medium, small entrepreneurs of Uttar Pradesh. To provide a major boost to the laborers by giving them loans for the development of their business.

UP MSME Loan Scheme

What Is UP MSME Loan Mela?

The Uttar Pradesh Chief Minister Yogi Adityanath welcomes the MSME measures announced under the self- reliant India campaign. According to this UP Government will start inviting UP Online Loan Mela 2022 Online Application / Registration Form on MSME Sathi portal at diupmsme.upsdc.gov.in .

This online loan fair for MSME sector will focus on production of local (indigenous) products and replace them with global brands. Yogi Online Loan Mela Scheme will provide a major boost for the growth of Micro, Small and Medium Enterprises.

Earlier on 13 May 2020, this scheme was announced by the Union Finance Minister Nirmala Sitharaman. 3 lakh crore package for MSME sector under self-reliant India campaign. For the UP Online Loan Mela , the state government will share Rs. There is about 2000 crore loan provision with business holders.

From 14th May 2020 to 20th May 2020, UP Govt. Will launch an online loan fair for the MSME sector in which about 36,000 business persons will be given loans worth ₹2000 crore.

UP MSME Loan Mela has many profits that will be available to those who apply for loans.
  • The total budget of the scheme is 2000 Crore to make people self-employed in the state.
  • Only micro, small and medium groups of the organization will get the loan below this scheme to develop their business.
  • The process to get the loan will quick the loan amount will be credited in the beneficiaries account very soon.
  • Due to COVID-19 people are suffering from several problems, so this is a very noble initiative to provide some relief.

Types of MSMEs

MSMEs are divided into three categories, whose complete information we have given below.

  • Micro Industries – Under this micro industry comes the business company which has a turnover of 5 crores by investing 1 crore.
  • Small Industries – Under this industry, there is an investment of 10 crores, whose turnover is 50 crores.
  • Medium Industries – Under this medium industry, big industries and companies that get a turnover of 100 crores by investing 20 crores come.

Loan To Be Provided To 1.90 Lakh Beneficiaries

UP MSME Loan Scheme

Under the UP MSME Loan scheme , a loan of ₹ 16 crore will be provided by the government to 1.90 lakh beneficiaries. The information about providing this loan was provided by Uttar Pradesh Chief Minister Yogi Adityanath ji on 30 June 2022 during the loan fair at Lok Bhawan in Lucknow. A loan distribution ceremony will also be organized by the government under this scheme.

This event will be organized in all the districts of the state. With the operation of this scheme, the citizens of the state will be able to set up their own businesses. Apart from this, he will also be able to provide employment to others. With the operation of this scheme, the standard of living of the citizens of the state will improve and they will become strong and self-reliant. Apart from this, the unemployment rate of the state will also come down.

Which bank is best for MSME loan?

The best bank for MSME loans is the one that caters to your requirement at lower interest rates. It purely depends on your business credit profile and the lender’s policies.

Bank Name  Interest Rate
Allahabad Bank MSME Loan At the discretion of the bank
Oriental Bank of Commerce MSME Loan From 10.70% per annum
PNB MSME Loan At the discretion of the bank
State Bank of India MSME Loan 7.65 percent per annum onwards
Syndicate Bank MSME Loan At the discretion of the bank
Union Bank of India MSME Loan At the discretion of the bank
UCO Bank MSME Loan 8.85% per annum onwards
United Bank of India MSME Loan 10.25% to 16.25%

Benefits of UP MSME Loan Scheme

  • All micro, small, and medium-sized company owners will get financial assistance in order to expand their operations.
  • A very short period of time will elapse before the loan money is sent to the beneficiary’s bank account.
  • While the Corona epidemic has been ongoing, importation of goods have been halted, creating an excellent opportunity for local companies.

UP MSME Loan Scheme

  • Posture
  • Prime Minister’s Employment Generation Program
  • Vishwakarma Shram Samman Scheme
  • Chief Minister Youth Self Employment Scheme
  • One District One Product Scheme

MSME Loan Overview

The interest rates on the MSME loans range from 8.50% to 17% depending on the business profile and internal policies of the lender.

Interest Rate   7.65% p.a. onwards
Loan Amount   Rs.50,000 onwards
Loan Tenure   Up to 15 years

Eligibility Criteria

To apply for the scheme, candidates need to be eligible for it then only he/she can apply for the loan.

  • Trust’s, NGO’s, and charitable foundations are not eligible to get the benefits of this scheme.
  • The business of the candidate must not come under the blacklisted organization.
  • The settled business has to in operation for a greater span.
  • The turnover of a business must be higher than the defined limit.

Documents Required :

  • Aadhaar Card
  • Email-id
  • Active Mobile Number
  • Bank Account Details
  • PAN Card
  • Photocopy of Bank Passbook

How to apply for UP MSME Loan Scheme 2022

Applicants who are inspired and want to fill the application form can check the whole process given below.

  • Visit the official website to log in candidate has to click on the “login” tab appearing on the homepage.
  • Under the login button, you will see the “Applicant login” link, hit the link to apply for the loan.

  • On the login page, applicants will see the “New user Registration” on the left side of the page.
  • The registration form will open on the screen.

  • Applicants must fill all the information and click on the “Submit” button.
  • Candidate registration is completed now login with the details on the site again.
  • On the dashboard, you have to apply for the loan.
  • Enter the details and attach all the necessary documents.
  • Hit the “Submit” button to complete the process.
  • Finally, your application is submitted and wait for further notices that will be sent to your mobile number or email.

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UP MSME Loan Scheme (F.A.Qs)?

What are the benefits of UP MSME Loan Mela 2021 Scheme?

The candidate who will apply for the loan will get instant amount on their bank account after verification of application. Only MSME sector companies will get the loan to enhance their business.

How can I apply for the UP MSME Loan Mela 2021?

Visit the formal site –> Click on the login button on the navbar –> Under that hit the applicant login tab –> You will see click new registration login enter the details and register yourself –> Login again with the information –> click on the apply for loan option –> fill the application form and upload the documents –> hit the submit button.

If I am not the citizens of UP state then also I can apply for this Scheme?

No, the primary criteria to apply for this scheme is that the person must belong to Uttar Pradesh. You can apply for the schemes of your respective state.

What is last date to submit the application form for UP MSME loan 2020?

The last to apply for the loan of UP MSME is 20th May 2020.

Conclusion:

Here we have provided all the information about the Sarathi Parivahan Application Status & Form 2022 State-Wise.  If you like this, you should definitely share it with people you know. I hope you liked this article and got some new information. Please tell me in the comments.

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