Agra is home to thousands of MSMEs in shoe, leather, marble, handicraft, IT and food processing industries. The Government of India and RBI offer multiple subsidised schemes to fund these businesses — but most owners do not know how to apply.
Top Government Schemes for MSMEs
1. Mudra Loan (PMMY)
- Shishu — up to ₹50,000
- Kishor — ₹50,001 to ₹5 lakh
- Tarun — ₹5 lakh to ₹10 lakh
- No collateral required
2. CGTMSE
Collateral-free loans up to ₹2 crore backed by government guarantee. Ideal for manufacturing and service MSMEs.
3. PMEGP
Project cost up to ₹50 lakh (manufacturing) and ₹20 lakh (services) with 15%–35% government subsidy.
4. Stand-Up India
Loans of ₹10 lakh to ₹1 crore for SC/ST and women entrepreneurs.
Eligibility Criteria
- Business vintage of minimum 1–3 years
- Annual turnover of ₹10 lakh+
- ITR of last 2 years
- GST registration (if applicable)
- CIBIL of proprietor 700+
Documents Checklist
- KYC of proprietor/partners/directors
- Business KYC — Udyam, GST, Shop Act
- Last 12 months bank statements
- 2 years ITR with computation
- Project report for new units
- Property papers (if collateral loan)
Interest Rates
MSME secured loans: 9.50%–13% | Unsecured: 14%–22%. Subsidised schemes can be as low as 7%.
How Banking Hub Helps
We prepare bankable project reports, file CGTMSE applications, coordinate with SIDBI/Bank of Baroda/SBI MSME branches, and ensure approval in 21 days.