Priority sector lending for MSMEs - Get business & Product Information

Eligibility

Below are eligible to be classified for PSL

• Bank loans to Micro, Small and Medium Enterprises, for both manufacturing and service sectors
• Loans to startups (upto Rs. 50 Crores)
• Farmers for installation of solar power and setting up Compressed Bio-Gas (CBG) plants
• Export Credit
• Agriculture; Farm credit, Agriculture infrastructure and Ancillary activities
• Social Infrastructure; finance for building schools, health care facilities, drinking water facilities and sanitation facilities (including loans for construction/ refurbishment of toilets and improvement in water facilities in the household) in Tier II to Tier VI centres
• Renewable energy; finance for solar based power generators, biomass based power generators, wind mills, micro-hydel plants and for non-conventional energy based public utilities viz. street lighting systems, and remote village electrification
• Education; finance for educational purposes including vocational courses
• Housing loans; finance for purchase/construction of a dwelling unit per family

Weaker Sections

• finance to Small and Marginal Farmers,
• Artisans, village and cottage industries,
• Beneficiaries under Government Sponsored Schemes such as National Rural Livelihoods Mission (NRLM), National Urban Livelihood Mission (NULM) and Self Employment Scheme for Rehabilitation of Manual Scavengers (SRMS)
• Scheduled Castes and Scheduled Tribes
• Beneficiaries of Differential Rate of Interest (DRI) scheme
• Self Help Groups
• Distressed farmers indebted to non-institutional lenders
• Distressed persons other than farmers, with loan amount not exceeding ₹ 0.1 million per borrower to prepay their debt to non-institutional lenders
• Individual women beneficiaries up to ₹ 0.1 million per borrower
• Persons with disabilities
• Overdraft limit to PMJDY account holder upto ₹ 10,000/- with age limit of 18-65 years.
• Minority communities as may be notified by Government of India from time to time

To ensure that MSMEs do not remain small and medium units merely to remain eligible for priority sector status, MSME units will continue to enjoy the priority sector lending status up to three years after they grow out of the MSME category