Slide backgroundMSME

The Government of India has introduced MSME or Micro, Small, and Medium Enterprises in agreement with Micro, Small and Medium Enterprises Development (MSMED) Act of 2006. These enterprises primarily engaged in the production, manufacturing, processing, or preservation of goods and commodities. MSMEs play a significant role in economic growth and contribute to 29.7 percent of GDP and 49.66 percent of exports. The sector offers employment to nearly 60 million people through 28.5 million enterprises, after the agriculture sector.

Across the globe, MSMEs are accepted as a means of economic growth and for promoting equitable development. They are known to generate the highest rate of growth in the economy. MSMEs have driven India to new heights through requirements of low investment, flexible operations, and the capacity to develop appropriate native technology.

AML understands that managing financial health is one of the most important needs of a Business. An enterprise requires funds to manage its working capital requirement as well as addition / replacement of capital assets. Asirvad Micro Finance Limited provides loans to Micro-Small and Medium Enterprises in the Manufacturing, Service, Trading and Agri-Allied activities to meet the above requirement.


Secured Business Loans up to Rs 15 lacs


Maximum 7 years


Repayment in Equated Monthly Instalments (EMI)

Product Features

  • Secured Business Loans up to Rs 15 lacs
  • Unsecured Loans up to Rs 3 lacs
  • Tenor – Secured Loans Maximum 7 years /Unsecured Loans Maximum 3 years
  • Repayment in Equated Monthly Instalments (EMI)
  • Collateral Security by way of Mortgage of Immoveable Property

Purpose of Loan

End use of the loan to be income generating in nature

Indicative Interest Rate

  • Secured loans
  • Between 18% to 30%
  • Unsecured Loans
  • Between 26% to 30%

Indicative List of documents

  • Proof of Address & Proof of Identity
  • Proof of Banking History
  • Proof of Business Continuity
  • Documents for the property being offered as collateral for the facility

Note: the above list of documents is only indicative in nature and additional documents may be required on a case-to-case basis for credit assessment

Approach for Gradation of Risk

The process of gradation of risk and interest determination is primarily based on the details of Loan amount, Market Value of collateral security, Business profile, Size of the Business, Banking habits, credit history and repayment capacity of customers.

Start typing and press Enter to search