Welcome to the UP MSME Loan Mela! In this article, we will guide you on how to apply for the UP MSME Loan Fair online. Chief Minister Yogi Adityanath has launched the MSME Sathi Loan App for the year 2023, allowing MSMEs to apply for loans of up to Rs 2,000 crore. Let’s explore the features, benefits, required documents, and eligibility criteria for this fantastic opportunity.
Table of Contents
- UP MSME Loan Mela 2023
- Highlights of UP MSME Loan Mela
- Uttar Pradesh MSME Loan Mela Scheme
- Types of MSME
- What is UP MSME Loan Mela?
- Objective of UP MSME Loan Scheme
- UP MSME Loan Mela Delayed Payment Monitoring System
- Uttar Pradesh Loan Schemes
- UP MSME Loan Mela List of Documents
- Benefits of MSME Sathi UP Online Loan Fair 2023
- Eligibility for UP MSME Loan Mela 2023
- Schemes under UP MSME Loan Mela 2023
- MSME Sathi App Online Registration Process
UP MSME Loan Mela 2023
The UP MSME Loan Mela is a scheme that supports micro, small, and medium entrepreneurs. The Uttar Pradesh government aims to provide financial assistance of ₹2,000 crores to 36,000 business persons in these sectors. These entrepreneurs are the backbone of the economy, playing a crucial role in promoting economic development.
Highlights of UP MSME Loan Mela
- Scheme Name: UP MSME Loan Fair
- Announcement: Uttar Pradesh Chief Minister Yogi Adityanath
- State: Uttar Pradesh
- Registration Mode: Online
- Start Date: May 14
- Last Date: May 20
- Beneficiary: MSME Sector
- Total Budget: ₹2,000 crore
- Official Website: http://diupmsme.upsdc.gov.in/
Uttar Pradesh MSME Loan Mela Scheme
Within 24 hours of the Central Government’s economic package, the Uttar Pradesh government launched the MSME Saathi Portal and Mobile App. More than 56,000 entrepreneurs in the MSME sector received one-time loans worth ₹2,000 crores. Those who haven’t registered yet are encouraged to do so and avail the benefits of the loan scheme.
Types of MSME
MSMEs are categorized into three types based on their investment and turnover:
- Micro Industry: Investment up to ₹1 crore and turnover of ₹5 crores.
- Small Scale Industry: Investment up to ₹10 crores and turnover of ₹50 crores.
- Medium Industry: Investment up to ₹20 crores and turnover up to ₹100 crores.
What is UP MSME Loan Mela?
UP CM Yogi Adityanath welcomes the MSME measures under the Atmanirbhar Bharat campaign. The UP Government will invite online applications for the UP Online Loan Mela 2023 on the MSME Sathi Portal. This loan fair aims to boost the development of Micro, Small, and Medium Enterprises, focusing on local product manufacturing and replacing global brands.
Objective of UP MSME Loan Scheme
In light of the COVID-19 crisis and its impact on businesses, the UP MSME Loan Fair provides crucial financial support to micro, medium, and small entrepreneurs. The loans aim to promote and develop their businesses during these challenging times.
UP MSME Loan Mela Delayed Payment Monitoring System
To address payment delays, the Ministry has introduced an online application system through which the State can file complaints against defaulting buyers. The Ministry will oversee these complaints and settle the dues along with interest.
Uttar Pradesh Loan Schemes
The state also offers various other loan schemes, including the Mukhyamantri Yuva Swarozgar Yojana, Vishwakarma Shram Samman Yojana, Chief Minister Youth Self Employment Scheme, and the One District One Product scheme.
UP MSME Loan Mela List of Documents
To apply for the UP MSME Loan Mela, applicants will need the following documents:
- Aadhar card
- PAN card
- Registered mobile number
- Email ID
- Photocopy of bank passbook
- Bank account number
Benefits of MSME Sathi UP Online Loan Fair 2023
- Boost for micro, small, and medium entrepreneurs.
- Quick transfer of loan amounts to bank accounts.
- Opportunity for local businesses to thrive amid the reduced import during the pandemic.
Eligibility for UP MSME Loan Mela 2023
- Established business with a considerable operating period.
- Minimum turnover within a prescribed range.
- Trusts, NGOs, and charitable institutions are not eligible.
- Businesses should not be blacklisted.
Schemes under UP MSME Loan Mela 2023
- Mukhyamantri Yuva Swarozgar Yojana
- One District One Product Margin Money Scheme
- Vishwakarma Shram Samman Yojana
- One District One Product Training and Tool-Kit Scheme
MSME Sathi App Online Registration Process
- Visit the official website or download the MSME Sathi App.
- Click on “New User Registration” and fill in the required information and upload supporting documents.
- Submit the form and wait for further communication on your email or phone.
The UP MSME Loan Mela is a fantastic opportunity for micro, small, and medium entrepreneurs to receive financial support for their businesses. By providing loans up to ₹2,000 crores, the Uttar Pradesh government aims to boost economic growth and promote local businesses. Don’t miss this chance to apply online and take your business to new heights.