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We understand that small businesses are the backbone of the economy. We believe in empowering aspiring entrepreneurs and supporting their dreams by providing them with financial solutions tailored to their needs.

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Micro Enterprise Loan (MEL)

A micro-enterprise under this loan category is usually a small business engaged into manufacturing, trading or services.
Loan amount up to ₹ 50,00,000
Loan tenure upto 120 Months

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Features

  • MEL is working capital loan to the micro enterprises.
  • MEL loan is provided up to ₹ 50,00,000
  • Loan tenure is upto 120 Months
  • The interest rate for the product ranges up to 36%.
  • Loan extended to over 190 categories of micro enterprises ( more are added from time to time)
  • Usually utilized for stocks, extending more credit or replacing trade credit and for replenishing working capital used for consumption
  • Hassle free loans – quick turnaround time.
  • Facility to have limit based loans.

Eligibility

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Customer Profile

Small Enterprises which includes retailers, traders, small manufacturers and service providers

Age

Between 22 to 65 years

Minimum Business Vintage

3 Years

Industry Experience

5 years

Monthly Income

₹20,000/- or above

documentation

Identity Proof Of Applicant
(Any One)

Voter ID Card / PAN Card / Passport / Driving License / Aadhar Card

Ownership Proof(Any One)

Electric Bill/tax Bill/water Bill/possession Letter Or Sale Deed With Latest Utility Bill

Identity Proof of Firm (Any One)

Shop Establishment Certificate/pan Card/pan Intimation Letter/wealth Tax Assessment Order / Partnership Deed And Supplementary Agreement For Appointment And Retirement Of Any Partner

Income Proof (Any One)

Shop Establishment Certificate/sales And Purchase Bills / Itr / Financials With All Schedules Of Last 3 Years

Bank Statement

Last 6 Months’ Bank Statement Of All Bank Accounts

*MAS reserves the right to ask for additional documents

Have questions or need help choosing the right loan solution?

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Faqs

What is the purpose of this loan?

To support micro businesses for their working capital needs, for stocking of inventory or purcahse of equipments

Who is eligible?

Small business owners with minimum 1 year operations, valid KYC, steady income, and loan repayment history

What is the interest rate?

Based on business type, loan amount, and customer profile. Rate for Micro Enterprise Loan can range from 14% to 24%

What is the loan amount? And how is it decided?

Up to ₹50 lakhs. Based on cash flow and business requirement

What is the tenure?

12 to 36 months

How long does approval take?

24–48 hours

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