my offers

How about checking some pre-approved offers you might be eligible for?

my offers

How about checking some pre-approved offers you might be eligible for?

  • Mobile No.
  • Date of birth

You have a pre approved offer

  • Sum Assured
    Premium
    Persons Covered
  • Rate
    5%

Currently, we do not have a personalized offer for you but don’t be disheartened. Check out our oven fresh deals of the day here!

We have 02 personalised offers for you

Currently, we do not have a personalized offer for you but don’t be disheartened. Check out our oven fresh deals of the day here!

my offers

MSME Databank

When running a business, time is of the essence and as the business flourishes, mergers, acquisitions are bound to happen for many firms. Even minor delays in financing can result in missing out on a lucrative market opportunity. This would require a substantial amount of investment and funding for the business. Small business finance can also be helpful in such cases. Business owners can use loan funds to expand and further grow their business. The Ministry of MSME has constantly uplifted and facilitated MSMEs by transforming them into a digitally empowered community. With the introduction of the MSME Databank web portal, it is now easier to get an online Census of the MSMEs in India.

What is MSME Databank?

The MSME Databank will contain a detailed database of all MSME units in India. With this information the Ministry of MSME will have the Census data online. It will also help MSMEs to participate in the procurement process under the Public Procurement Policy of the Government of India. This detailed database will contain all the information and requirements related to Joint Venture, technology transfer, import-export of machinery within the business. The MSME Databank also enables to monitor various loan schemes and policies structured specifically for MSMEs so that the government can pass on the benefits directly to small business owners.

Who can Apply for MSME Databank?

  • Small Business Units

  • Industry associations such as CII, DICCI

  • Organization associated with MSME development organizations such as DC MSME, NSIC, KVIC, Coir Board, etc.

  • Existing and new SC/ST entrepreneurs

Eligibility Criteria for MSME Databank

  • Promoters and entities with Aadhaar are eligible

  • Promoter’s Udyog Aadhaar Number for the business and PAN.

  • MSME Units which are getting benefits from the government

  • MSME Development (Furnishing of Information) Rules, 2009 requires all MSME enterprises to provide information relating to their business to the government of India.

Features of MSME Databank

  • Web-based secured online application

  • Accessible 24/7

  • Helps the government to buy their procurements from MSMEs

  • Registered MSMEs will be eligible for becoming suppliers of Government

  • Aadhaar and Udyog aadhar enabled enrolment

  • Enrolment on self-certification basis

  • Easy updation by MSME units as and when required

  • Exclusive access to government departments and PSUs users provided to search MSME units for their procurement needs.

  • Real-time MIS Dashboard for monitoring and updation

  • Mapping of products with HS/NPC codes for easy classification

How to Register on MSME Databank

To register for the databank one has to access the MSME Databank Portal. One has to fill the form as on the website at www.msmedatabank.in.

There is mainly 4 type of details required in the form which is the following:

  1. Basic details

  2. Factory and product details

  3. Other details

  4. Additional requirements

Step1: Fill in the basic details required details such as Aadhaar no, PAN no, Name of enterprise, state, the communication address of promoter etc. this can be seen in the following image:

Step 1 Basic Details

Step 2: Here details like enterprise address, state, a person employed, last year’s turnover and product details etc. needs to be mentioned.

Step 2 Factory and Product Details

Step 3: In the Other details section, fill in the bank name, Account Number, IFSC Code, awards details etc.

Step 3 Other Details

Step 4: In the Additional Requirements details, you can fill in information like the use of solar energy, Joint Venture, Export, quality certification etc.

Step 4 Additional Requirements

Small business entrepreneurs can easily avail all the government benefits online without visiting any department. The Databank also helps to understand each scheme from getting financial support to marketing and technology assistance. The MSME databank is a step towards making MSMEs move towards Digital India.

MSME Loan Scheme 2020

MSME loans are offered by the government with the help of various schemes such as Mudra Loan, CGTMSE, PMEGP, etc. The objective of these schemes are to ensure that the new and existing entrepreneurs in the country get the necessary financial support and funding for their businesses. The government recently introduced relief packages to support stressed MSMEs cope up with the pandemic situation. This includes payment of statutory dues, salary/wages/electricity bills/rent etc. The “Atma Nirbhar Bharat Abhiyan” focuses on land, labour, liquidity and law. The economic package was introduced to help the stressed MSMEs, sustain the disruptions caused by the Pandemic lockdown. The scheme offers:

  • Collateral-free loan package of about Rs. 6 lakh crore

  • Providing Rs. 3 lakh crore for MSMEs

  • Rs. 30,000 crore lifeline to non-bank and housing finance companies (NBFCs).

There are many government loan schemes, that are specifically designed to assist MSME projects, which are low on interest and totally free of collateral security stipulations. At Finserv MARKETS, you can easily avail MSME finance and business loans to set-up or expand your business. Offering low-interest rates with a host of other benefits of MSME loan like a line of credit facility. You can get an MSME loan up to INR 30 Lakhs without any collateral required.

With the Finserv MARKETS App, get pre-approved offers for an instant loan with ease. The app also lets you check your CIBIL score for free and also obtain a Financial Health Check Report (FHCR). If you are an existing customer at Finserv MARKETS, you can also avail of exclusive pre-approved Business Loans through Finserv MARKETS app. With an MSME loan, you get access to a unique Flexi loan facility and loan approval in just 24 hours.

FAQs

  • ✔️Where to register on MSME DataBank?

    Three types of organizations where you can register for MSME DataBank. They are as follows:

    • MSME – this registration is for individuals that have MSME Units.

    • Association – this link is for registration by Industry Associations.

    • MSME Development Organizations – this link is for registration by various organizations under the Ministry of MSME, like DC-MSME, NSIC, KVIC, Coir Board, MGIRI, NIMSME, etc.

    To register, one needs to make sure the MSME business applies under the appropriate category applicable to you, else your registration will be treated as invalid.

  • ✔️What are the documentations required to register on MSME DataBank?

    Important documents such as Aadhaar Number, Udyog Aadhaar Number & PAN are mandatorily required for registration on MSME DataBank. An individual cannot register on MSME DataBank without the mentioned documents.

  • ✔️What to do if your PAN Number is already present in the Database while registering as an MSME?

    While registering on MSME DataBank duplicate registration with PAN is not allowed. In case you have more than one unit, you can add your details from your dashboard. The login credentials will be sent directly on your registered e-mail ID.

  • ✔️Is it possible to edit the information regarding the unit once filled in the respective boxes?

    The fields being fetched from Udyog Aadhaar Data cannot be changed since it will lead to mismatch between data of Udyog Aadhaar & MSME DataBank. However, you can proceed by entering the other information about your enterprise in the respective fields.

  • ✔️I am a manufacturing unit but while registering on MSME DataBank my category is displayed as Services.

    If you have specified yourself as a Service organization while registering on Udyog Aadhaar the same will reflect here.

  • ✔️I am a service unit but while registering on MSME DataBank my category is displayed as Manufacturing.

    In case you have specified yourself as a Manufacturing organization while registering on Udyog Aadhaar the same will reflect here.

  • ✔️My unit is Proprietorship unit but while registering on MSME DataBank my category is displayed as Partnership.

    If you have specified yourself as a Partnership organization while registering on Udyog Aadhaar the same will reflect here.

  • ✔️How to update your information in MSME DataBank?

    If you have already registered under the MSME Databank you will soon receive an email with your login credentials using which you can view & update your information.

  • ✔️Where to contact in case of any technical issues?

    In case of any issues regarding the data bank you can contact the MSME DataBank Helpline on +91-9599230207 or you can also email your queries to support@msmedatabank.in and the representative will get back to you as soon as possible.

  • ✔️Can you get a certificate for registration on MSME Databank?

    No, the DataBank is built to create a comprehensive database of MSMEs across the country. There are no certifications for registration under the MSME DataBank.

Happy Customers of Finserv MARKETS

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

Check your personal loan eligibility in seconds!

My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

Get the best FD interest rates starting @ 8.40%. Let's start!

Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!

Get sum insured up to 1 Crore! Let's start!

The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!

Zero additional charge on part-payment option on Business loans! Let's start!

I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!

Get home loan sanctioned online in 72 hours! Let's start!