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MSME

Definition

Presence in MSME
Clusters An Unbeaten Century Chronicling
a 100 years of Karur Vysya Bank
KVB MSME Products

Interest/Charges for Our exclusive credit Plans for Small and Medium Enterprise entails providing lower rate of
MSME interest for growing business units and offering them access to banking services at low Trading Account Click here
rate of interest, quick processing and servicing.

Loan Application Micro, Small and Medium Enterprises Development (MSMED) Act, 2006
FasTag Click here
Time Limit The Government of India has enacted the Micro, Small and Medium Enterprises
Development (MSMED) Act, 2006 on June 16, 2006 which was notified on October 2,
Revival and 2006. With the enactment of MSMED Act 2006, the paradigm shift that has taken place is Online Account Opening Request Click here
rehabilitation forms the inclusion of services sector in the definition of Micro, Small and Medium Enterprises,
apart from extending the scope to Medium Enterprises.

Grievance Redressal Definition of Micro, Small and Medium Enterprises:

Apply for MSME loan (Business loan)

Nodal Officer The MSMED Act, 2006 defines the Micro, Small and Medium Enterprises based (i) on the Click here
investment in plant and machinery for those engaged in manufacturing or production,
Others processing or preservation of goods and (ii) on the investment in equipment for enterprises
engaged in providing or rendering of Services.
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The investment in plant and machinery is the original cost excluding land and building and
other items specified by the Ministry of Small Scale Industries vide its notification no. S.O.
1722 (E) dated 05.10.2006. Helpline

The guidelines with regard to investment in plant and machinery or equipment as defined
in the MSMED Act, 2006 are:
Nature of Investment in plant and machinery
activity of excluding land and building for
the enterprises engaged in
Enterprise manufacturing or production,
processing or preservation of
goods
Micro Not exceeding Rs.25.00 Lakhs
Investment in equipment
excluding land and building
for enterprises engaged in
providing or rendering of
services (loans up to Rs 1
crore)
Not exceeding Rs.10.00 Lakhs
Within India: 1860 200 1916 (Local call
charges applicable)
Outside India: +91 44 - 30721916
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Interactive Voice Response System
Debit Card Hotlist
SBI credit card hotlist/FAQ

Small More than Rs.25.00 lakhs but does More than Rs.10.00 lakhs but
not exceed Rs.500.00 lakhs does not exceed Rs.200.00 Quick Links
lakhs
Card Protection Registration (Visa/Master Cards)
Medium More than Rs.500.00 lakhs but does More than Rs.200.00 lakhs but
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not exceed Rs.1000.00 lakhs does not exceed Rs.500.00
lakhs Gift Card Portal
KVB mpay portal
TNEB Payment Gateway
The investment in plant and machinery is the original cost excluding land and building and Online Money Transfer from US
other items specified by the Ministry of Small Scale Industries vide its notification. Online Money Transfer from Non-US Countries
Online Bill Payments
The illustrative lists of enterprises that are engaged in providing or rendering services are: Temple Donations
Small road and water transport operators (original investment in vehicles upto Rs.200.00 VISA Online Bill Pay
lacs under Priority sector) Holiday List
Retail trade (with credit limits not exceeding Rs.20.00 lakhs)

Small business (whose original cost price of the equipment used for the purpose of
business does not exceed Rs.20.00 lakhs Feedback Complaint
Professional and self-employed persons (whose borrowing limits do not exceed We welcome your valuable feedback and in
Rs.10.00 lakhs of which not more than Rs.2.00 lakhs should be for working capital case you are interested in writing to us
requirements except in case of professionally qualified medical practitioners setting up of
please
practice in semi-urban and rural areas, the borrowing limits should not exceed Rs.15.00
lakhs with a sub-ceiling of Rs.3 lakhs for working capital requirements)

MSME | Definition | Presence in MSME Clusters | KVB MSME Products | Interest/Charges for MSME | Loan Application | Grievance Redressal Mechanism | Nodal Officer | Others