MSME Finance
Flexible funding to establish, modernise or expand your small and medium enterprise.
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Finance that moves Assam forward.
Practical financing for entrepreneurs, MSMEs, agriculture and infrastructure—designed to help ambitious ideas become sustainable businesses.
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Choose a financing solution that matches your business ambition, from a new enterprise to a large-scale expansion.
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Official loan scheme details
Find the right AFC loan scheme
Review the purpose, eligibility, limits, repayment period and indicative interest rate for each scheme.
- Purpose
- Setting up new industrial units; expansion, modernisation, technology upgradation or diversification of existing industrial units.
- Eligibility
- Units in MSME/CRE sectors that are not banned by the Government.
- Limit of assistance
- Maximum: Rs. 400 lakh for proprietorship/partnership concerns and Rs. 1,000 lakh for private/public limited companies. Minimum: Rs. 2 lakh for SC/ST-promoted projects and Rs. 5 lakh for other entrepreneurs. No minimum for an additional loan.
- Debt-equity norm
- 2:1 for loans above Rs. 10 lakh and 3:1 for loans below Rs. 10 lakh. It may be relaxed up to 3:1 for loans up to Rs. 100 lakh for existing borrowers with a satisfactory three-year repayment record.
- Moratorium
- Up to 3 years from first disbursement; interest is payable quarterly during this period.
- Repayment
- Up to 10 years, fixed with regard to project implementation, profitability, cash generation and servicing capacity.
- Interest rate
- MSME, hotel and nursing home: 8.00% to 10.00% p.a. Commercial complexes and other infrastructure: 8.50% to 10.50% p.a. Working capital: 1% above the term-loan rate.
- Purpose
- Financing initial working capital for MSME-sector units not banned by the Government.
- Eligibility
- New proposals seeking both term loan and working capital from AFC, or MSME units that have only availed an AFC term loan and have a good, non-defaulting track record.
- Quantum of loan
- Rs. 2 lakh to Rs. 200 lakh for proprietorships, partnerships and co-operative societies; up to Rs. 400 lakh for companies. Combined term and working-capital term loans must not exceed Rs. 400 lakh for these concerns or Rs. 1,000 lakh for companies.
- Debt-equity ratio
- 3:1 below Rs. 10 lakh; 2:1 above Rs. 10 lakh.
- Moratorium
- Up to 6 months.
- Repayment
- Maximum 5 years by EMI, including a 3 to 6 month moratorium. The promoter must approach a commercial bank for continuous working-capital requirements during the loan currency.
- Interest rate
- 1% above the existing term-loan rate, currently 9.00% to 11.50% p.a., based on in-house rating.
- Purpose
- Financing initial working capital for MSME-sector units not banned by the Government.
- Eligibility
- Existing units must have regular dealings with banks/FIs and net profit in each of the last three financial years. New units may receive it alongside a term loan when requested.
- Quantum of loan
- Rs. 2 lakh to Rs. 200 lakh for proprietorships, partnerships and co-operative societies; up to Rs. 400 lakh for companies. Combined term and working-capital term loans must remain within Rs. 400 lakh or Rs. 1,000 lakh respectively.
- Promoter contribution
- At least 25% of total working-capital requirement.
- Moratorium
- 1 month from first disbursement.
- Repayment
- Within 1 year from first disbursement, excluding the 1-month moratorium. It may be renewed upon request before closure of repayment.
- Interest rate
- 1% above the existing term-loan rate, currently 9.00% to 11.50% p.a., based on in-house rating.
- Purpose
- Medical equipment, clinics, X-ray and pathology labs, ambulances, mobile clinics, computers, and expansion, renovation or modernisation of existing premises.
- Eligibility
- Individuals, partners, corporates, trusts with borrowing powers, and existing profit-making nursing homes/hospitals. Promoters must be registered medical practitioners with at least MBBS/BDS/BAMS or equivalent relevant qualifications, and have positive net worth for the last 3 years.
- Quantum of loan
- Rs. 2 lakh to Rs. 50 lakh.
- Debt-equity ratio
- 3:1.
- Moratorium
- Up to 12 months; up to 24 months may be considered for construction.
- Repayment
- Fixed according to project profitability and cash generation, up to 6 years. Repayment is by EMI.
- Interest rate
- 8.00% to 10.00% p.a. onwards, based on in-house rating.
- Purpose
- Purchase of identifiable plant, machinery and other equipment, including energy-saving systems, for modernisation, expansion or replacement. Directly imported machinery/equipment is eligible.
- Eligibility
- Industrial concerns operating for at least 3 years with a sound financial position, profit and/or dividend in the preceding two financial years, no default to FIs/banks and positive net worth for the last 3 years.
- Quantum of loan
- Rs. 5 lakh to Rs. 200 lakh. Assistance may be up to 85% of capital-goods cost while maintaining the prescribed debt-equity ratio.
- Debt-equity ratio
- 4:1 maximum.
- Moratorium
- 3 to 12 months.
- Repayment
- 3 to 5 years, including the 3 to 12 month moratorium.
- Interest rate
- 8.00% to 10.00% p.a., based on in-house rating.
- Purpose
- Tourist vehicles sponsored by Assam Tourism Development Corporation, trucks for experienced operators, tankers with confirmed petroleum-product placement orders, and deluxe buses with necessary route permits.
- Eligibility
- At least 3 years of transport-operator experience, ownership of at least one similar vehicle, profit in the last 2 financial years, no bank/FI default and a rating not below CA.
- Quantum of loan
- Up to 80% of chassis and body cost.
- Debt-equity ratio
- 1:4.
- Moratorium
- Up to 6 months.
- Repayment
- 48 months, including a 3 to 6 month moratorium.
- Interest rate
- 9.00% to 11.00% p.a. on reducing balance, based on in-house rating.
- Purpose
- To expand micro-credit activity through SHGs/JLGs and financial intermediaries such as NBFCs, Section 25 companies and co-operative thrift and credit societies.
- Objective
- To encourage women entrepreneurs across rural, semi-urban and urban Assam to establish enterprises and support family livelihoods and socio-economic development.
- Eligibility
- NBFC-MFIs and registered co-operative societies with at least 3 years of microfinance operations, audited financial records and operations in Assam. The detailed eligibility, net-owned-fund, portfolio, rating, governance and regulatory requirements apply as per the official scheme document.
- Quantum of loan
- First loan: Rs. 5 lakh to Rs. 500 lakh. Subsequent loans depend on performance and AFC exposure norms; additional assistance may be considered after 6 months from the first EMI of the last disbursement with a 100% repayment record.
- Moratorium
- 1 month.
- Repayment
- 36 months, excluding the moratorium period.
- Interest rate
- 13.50% p.a. on reducing balance.
Terms, eligibility and interest rates are subject to AFC appraisal and applicable policy. Please contact AFC for the latest confirmation before applying.
A better loan experience
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- Easy online application and document submission
- Transparent process with real-time application tracking
- Dedicated support throughout your journey
- Flexible repayment options for your business needs
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Simple process
From idea to finance in four steps
1
Choose a scheme
Find the financing option suited to your need.
2
Apply online
Complete the application at your convenience.
3
Submit documents
Share the required details securely online.
4
Track & grow
Track progress and put your plan into action.
Important notice
For loan assistance, use the official AFC customer portal or contact the nearest AFC office. Never share account credentials or OTPs with anyone.