Name: Hafsah Siddique Class: CO6I-B
Enrollment Number: 1234567890 Subject: EDE
Practical 8
Aim: Visit a bank/financial institution to enquire about various funding schemes for small scale
enterprise.
Funding Schemes for Small Scale Enterprises
As part of our study, I visited a local branch of State Bank of India (SBI) to understand the
various funding schemes available for small-scale enterprises. The bank officials provided us
with detailed information about multiple schemes, primarily aimed at promoting
entrepreneurship and supporting MSMEs (Micro, Small & Medium Enterprises).
Key Funding Schemes Offered:
1. Mudra Loan (Pradhan Mantri Mudra Yojana - PMMY)
○ Offered in three categories: Shishu (up to ₹50,000), Kishor (₹50,000 – ₹5 lakh),
and Tarun (₹5 – ₹10 lakh).
○ No collateral required for loans up to ₹10 lakh.
○ Primarily for small businesses, artisans, street vendors, and startups.
2. Stand-Up India Scheme
○ Provides loans ranging from ₹10 lakh to ₹1 crore.
○ Specifically for SC/ST and women entrepreneurs.
○ Meant for starting new ventures in manufacturing, services, or trading.
3. CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises)
○ Offers collateral-free credit up to ₹2 crore.
○ Supports both new and existing enterprises.
4. SBI SME Smart Score Loan
○ A pre-approved, score-based loan for small and medium enterprises.
○ Simple documentation and fast processing.
5. SIDBI Loans
○ Through partnership with banks, SIDBI (Small Industries Development Bank of
India) provides refinance and direct loans to MSMEs.
○ Focuses on modernization, sustainability, and innovation.
Conclusion:
The visit helped us understand how government and financial institutions are working together to
support the growth of small-scale enterprises in India. These schemes offer financial support
with easy terms, minimal collateral, and subsidized interest rates to promote self-employment
and entrepreneurship.
Marks Obtained Out Of Signature
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