Loans
Businesses are classified as micro, small or medium enterprises (MSMEs) based on their nature, scale, investment limit and turnover. These enterprises are covered under the MSME Development Act, 2006 and are broadly of two types- manufacturing or services. Business owners can get registered and get MSME certificates to avail of the benefits made available by the government for the growth and support of such enterprises. The government extends support measures through accessible credit facilities or policy steps to facilitate their growth.
For MSMEs that need funds either for their working capital needs or to finance their growth and expansion plans, HDFC Bank offers Business Loans curated to fit their requirements. Whether you own and operate a construction, education or infotech business, we have you covered when it comes to financial assistance. MSME enterprises can avail themselves of Business Loans of up to ₹50 lakh, provided they meet the eligibility criteria outlined by HDFC Bank.