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Bureau for Facilitating MSMEs of Tamil Nadu (FaMe TN)
(A Section 8 company under MSME Department, Government of Tamil Nadu)
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Secured Business Loans for MSMEs
Government of India, Ministry of MSME
Small Industries Development Bank of India

Secured Business Loans for MSMEs

If you are part of the manufacturing or service sector, you can get a loan to manage unexpected business expenses

Objective
  • To provide credit to MSMEs in the manufacturing and service sectors for planned or unplanned business expenses, creation of tangible assets, and based on collateral security and repayment capacity.
Key Benefits
  • Term-loan credit provided to manufacturing and service sectors against collateral.
  • Assistance linked to gross cash accruals and collateral security value, up to INR 10 crores.
  • Loan repayment period, including moratorium, is a maximum of 10 years.
Eligibility Criteria
  • The applicant should be an existing MSME unit with a net profit in at least 2 of the last 3 years, and cash profits in all 3 years.
How to Apply / Office To Contact
How to Apply / Office To Contact

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