Loans and finance for MSMEs in Haryana

What we do

• Advise you on the loan, guarantee and interest-subsidy schemes that suit your project, and on what each one asks for.
• Prepare the Detailed Project Report (DPR), CMA data and the other loan papers a bank usually asks for.
• Check the papers against the scheme conditions before you submit them.
• You apply to the bank or lender of your choice. The bank decides on the loan.

We do not arrange loans, we have no tie-up with any bank or lender, and we do not take any payment from lenders. We cannot promise that a loan or subsidy will be sanctioned.

Schemes open to Haryana MSMEs

Status as checked on 12 October 2026. Schemes change: confirm on the official page before you apply.

• Pradhan Mantri MUDRA Yojana

  Open

  Non-farm micro enterprises in manufacturing, trading and services, through banks, NBFCs and micro-finance institutions.

  • Shishu up to ₹50,000; Kishore up to ₹5 lakh; Tarun up to ₹10 lakh.
  • Tarun Plus from ₹10 lakh to ₹20 lakh, for borrowers who have taken and repaid a Tarun loan.
  • No collateral: loans are covered by the Credit Guarantee Fund for Micro Units (CGFMU).

  Open. Apply at a bank, NBFC or micro-finance institution, or on the Udyamimitra portal.

  Sources:

  • Department of Financial Services, October 2024 highlights (Tarun Plus)
  • Udyamimitra portal

  Read our Pradhan Mantri MUDRA Yojana page

• CGTMSE credit guarantee

  Open

  New and existing micro and small enterprises, including service enterprises and retail trade, borrowing without collateral.

  • Guarantee cover on loans of up to ₹10 crore per borrower, for guarantees approved on or after 1 April 2025.
  • Annual guarantee fee from 0.37% a year; the lender pays it and usually passes it on.
  • There is no separate application: you ask your bank to cover the loan under CGTMSE when it sanctions it.

  Open, through CGTMSE member lending institutions.

  Source:

  • CGTMSE

  Read our CGTMSE credit guarantee page

• RBI rule: collateral-free loans to micro and small enterprises

  In force

  Micro and small enterprises borrowing from banks, and all PMEGP units.

  • Banks must not take collateral security on loans to micro and small enterprises of up to ₹20 lakh.
  • A bank may extend this up to ₹25 lakh at its discretion.
  • Applies to loans sanctioned or renewed on or after 1 April 2026 (RBI/2025-26/206, 9 February 2026).

  In force from 1 April 2026. This is a rule for banks, not a scheme you apply to.

  Sources:

  • RBI notification
  • RBI press release

• Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME)

  Open

  MSMEs taking a loan to buy plant and machinery or equipment.

  • A 60% guarantee from NCGTC (National Credit Guarantee Trustee Company) on the loan.
  • Loans of up to ₹100 crore; plant and machinery must be most of the project cost (bank pages differ on the exact share, so check with your bank).
  • An upfront contribution of 5% of the loan.
  • The scheme window runs four years from its guidelines of 27 January 2025, or until the overall cap is used.

  Open, through the lending banks.

  Sources:

  • Indian Bank scheme page
  • IIBF brochure (report or summary)

• SIDBI direct and indirect lending

  Open

  MSMEs looking for term loans or working capital directly from SIDBI, or through its lending programmes.

  • Direct term loans and working capital, Prayaas micro-loans, GST Sahay invoice-based credit and co-lending with other lenders.
  • SIDBI has a branch in Haryana at Bahadurgarh.
  • Terms are product by product: read them on sidbi.in.

  Open. Each product has its own terms on sidbi.in.

  Sources:

  • SIDBI
  • SIDBI branch offices

• PM Vishwakarma

  Check current status

  Artisans and craftspeople in the 18 traditional trades the scheme lists.

  • Collateral-free loans of ₹1 lakh, then ₹2 lakh, at a 5% concessional rate (the Government of India pays an interest subvention of up to 8%).
  • A toolkit incentive and skill training are part of the scheme.

  The scheme is live, but its target of 30 lakh verified beneficiaries was reported as reached by September 2026, so new registrations may be limited. Confirm on the PM Vishwakarma portal before you plan on it.

  Sources:

  • PM Vishwakarma portal
  • Report on the 30 lakh target (GKToday) (report or summary)

• Haryana Interest Subsidy 2026 (clause 4.1.2)

  Notified, guidelines awaited

  Manufacturing micro and small enterprises in Haryana with a term loan for a new, expansion or diversification project.

  • 5% interest subsidy in Core areas and 6% in Intermediate areas, each up to ₹20 lakh a year.
  • 7% in Sub-Prime and Prime areas, up to ₹25 lakh a year.
  • An extra 1% for units owned by women, SC, Divyang, transgender persons, ex-servicemen or Agniveers, and for joint ventures with a foreign investor.
  • For three years from the date of commercial operations.

  Notified in the Haryana Government Gazette (Extraordinary) No. 114-2026/Ext of 29 July 2026. Operational guidelines are awaited: they were due by 29 October 2026 and were not on the department page when we checked.

  Source:

  • Department of MSME, Haryana: policy page and notification

  Read our Haryana Interest Subsidy 2026 (clause 4.1.2) page

• Mukhyamantri Matrushakti Udyamita Yojana (Haryana)

  Check current status

  Women aged 18 to 60 with a Haryana domicile, a Parivar Pehchan Patra and a family income of up to ₹5 lakh.

  • Collateral-free loan of up to ₹5 lakh (earlier ₹3 lakh).
  • A 7% interest subsidy for three years on timely repayment.

  Check current status: district-level loans under the scheme have been reported, but we found no 2026 notification. Confirm with the Haryana Women Development Corporation before you apply.

  Sources:

  • Vikaspedia scheme page
  • The Tribune report (report or summary)

• HSFDC self-employment loans (Haryana)

  Check current status

  Scheduled Caste entrepreneurs in Haryana, for trade, industrial and professional self-employment, with the national NSFDC and NSKFDC schemes.

  • Loans for small self-employment projects, with a subsidy and margin-money component on some schemes.
  • Loan amounts and subsidy limits differ by scheme: confirm them with HSFDC before you plan on a figure.

  Check current status: loans for 2025-26 have been reported, but the amounts were not confirmed against HSFDC. Confirm with the Haryana Scheduled Castes Finance & Development Corporation.

  Sources:

  • myScheme (NSKFDC term loan, Haryana)
  • The Tribune report on 2025-26 loans (report or summary)

Not open or not operating

These come up often but were not available for new applications when we checked on 12 October 2026.

• Stand-Up India Closed

  Closed on 31 March 2025. A successor term-loan scheme of up to ₹2 crore for first-time women, SC and ST entrepreneurs was announced in the Union Budget 2025-26, but we found no launch as of 12 October 2026.

  Sources:

  • Department of Financial Services
  • Stand-Up Mitra portal
• PMEGP Continuation not found

  Approved for 2021-22 to 2025-26. We found no notified continuation for 2026-27 as of 12 October 2026; confirm on the KVIC PMEGP portal.

  Source:

  • KVIC PMEGP e-portal
• PMFME Closed

  Ended on 30 September 2026; no continuation had been notified as of 12 October 2026.

  Source:

  • PMFME portal (Ministry of Food Processing Industries)
• Haryana Sectoral Credit Guarantee Fund (clause 4.1.7) Not operating

  Announced in the Haryana 2026 policy, but the fund is not operational yet.

  Source:

  • Department of MSME, Haryana: policy page
• Haryana Financial Corporation (HFC) Not operating

  Reported as making no new loans since May 2010 and being wound up. It is not a source of loans.

  Source:

  • HFC management discussion (IndiaInfoline) (report or summary)
• HSIIDC term loans Not operating

  Plot allotment is open, but HSIIDC term lending is legacy only (settlement of old loans). It is not a source of new loans.

  Source:

  • HSIIDC

Frequently asked questions