Loan Schemes for MSMEs in Haryana: How to Get Funded

Want to expand your small business but do not know where to begin with funds? You are not alone and that is precisely where the Loan Schemes of MSMEs in Haryana come to the fore.

Haryana with a strong industrial base and pro-business policies has various government sponsored loan schemes that are specific to micro, small and medium enterprises. The aim of these schemes is not only to offer financial aid, but also to empower local businessmen, generate jobs and reinforce the economic structure of the state. You may be looking to raise capital to start your startup or to expand your current operations, but the MSME loan system of Haryana provides realistic and reachable options.

1. Haryana Swarn Jayanti Udyami Yojana

The Haryana Swarn Jayanti Udyami Yojana (HSJUY) is a loan scheme launched by the Haryana government to promote entrepreneurship among SC/ST and women entrepreneurs. Under this scheme, financial assistance of up to Rs. 1 crore is provided to eligible applicants. The loan is repayable in 7 years, including a 2-year moratorium period. The interest rate for this loan is 4% per annum.

Key Features:

• Scheme Name: HSJUY

• Gender: SC/ST and Women

• Qualification: 10th Pass or Above

• Age Group: 21–50 Years

• Social Category: SC/ST and Women

• Industry Profile: Manufacturing, Service, and Agriculture

• Rural/Urban Coverage: Both

• Government Type: State Government

2. Mukhya Mantri Vyapari Samuhik Niji Durghatna Beema Yojana

The Mukhya Mantri Vyapari Samuhik Niji Durghatna Beema Yojana (MMVSNDBY) is an insurance scheme launched by the Haryana government for MSMEs. The scheme provides insurance cover to MSMEs in case of accidents, disability, or death of the owner. The premium for this scheme is subsidized by the government, and the sum assured varies depending on the premium paid.

Key Features:

• Scheme Name: Mukhya Mantri Vyapari Samuhik Niji Durghatna Beema Yojana (MMVSNDBY)

• Gender: Not applicable

• Qualification: Not applicable

• Age Group: Not applicable

• Social Category: Not applicable

• Industry Profile: MSMEs

• Rural/Urban: Both

• State/Central Govt: State Government

3. The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) Loan

Scheme is a loan scheme launched by the Haryana government to provide financial assistance to MSMEs. Under this scheme, loans of up to Rs. 50 lakhs are provided to eligible applicants. The loan is repayable in 7 years, including a 2-year moratorium period. The interest rate for this loan is 10% per annum.

Key Features:

4. Prime Minister’s Employment Generation Programme

The Prime Minister’s Employment Generation Programme (PMEGP) is a loan scheme launched by the central government to provide financial assistance to MSMEs. Under this scheme, loans of up to Rs. 25 lakhs are provided to eligible applicants. The loan is repayable in 5-7 years, including a 2-year moratorium period. The interest rate for this loan is 12% per annum.

Key Features:

• Scheme Name: PMEGP (Prime Minister’s Employment Generation Programme)

• Gender: Not applicable

• Qualification: Not applicable

• Age Group: 18–35 years

• Social Category: Not applicable

• Industry Profile: Manufacturing, Service, and Agriculture

• Rural/Urban: Both

• Governing Body: Central Government

5. Credit Guarantee Fund Trust for Micro and Small Enterprises

The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is a loan scheme launched by the central government to provide collateral-free loans to MSMEs. Under this scheme, loans of up to Rs. 2 crores are provided to eligible applicants. The loan is repayable in 5-7 years, including a 1-year moratorium period. The interest rate for this loan varies depending on the lender.

Key Features:

• Scheme Name: CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises)

• Gender: Not applicable

• Qualification: Not applicable

• Age Group: Not applicable

• Social Category: Not applicable

• Industry Profile: Manufacturing, service, and agriculture

• Rural/Urban: Both

• Governance: Central Government

6. Haryana Swarna Udyam Nidhi

The Haryana Swarna Udyam Nidhi is a scheme launched by the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) to provide financial assistance to MSMEs in the state. Under this scheme, loans of up to Rs. 20 lakhs are provided to eligible MSMEs at an interest rate of 9% per annum. The repayment period for this loan is 7 years, including a 1-year moratorium period.

Key Features:

• Scheme Name: Haryana Swarna Udyam Nidhi

• Gender: Not applicable

• Qualification: Not applicable

• Age Group: Not applicable

• Social Category: Not applicable

• Industry Profile: Manufacturing, Service, and Agriculture

• Rural/Urban: Both

• Government Type: State Government

7. Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) Loans

HSIIDC also provides loans to MSMEs in Haryana for the purpose of setting up new units, expansion, modernization, diversification, and rehabilitation of existing units. The loan amount provided by HSIIDC depends on the requirement of the project, with a maximum limit of Rs. 20 crores. The interest rate for this loan varies depending on the lender.

Key Features:

• Scheme Name: HSIIDC Loans

• Gender: Not applicable

• Qualification: Not applicable

• Age Group: Not applicable

• Social Category: Not applicable

• Industry Profile: Manufacturing, service, and agriculture

• Rural/Urban: Both

• Government Type: State government

8. Chief Minister’s Good Governance Associates (CMGGAs) Scheme

The Chief Minister’s Good Governance Associates (CMGGAs) Scheme is a scheme launched by the Haryana government to promote good governance and development in the state. Under this scheme, young professionals are hired as CMGGAs and are placed in different departments of the government. They work closely with the government officials to identify gaps in the implementation of various schemes and suggest ways to improve them.

Key Features:

• Scheme Name: CMGGAs Scheme

• Gender: Both

• Qualification: Graduate or Postgraduate

• Age Group: 21–42 years

• Social Category: Not applicable

• Industry Profile: Not applicable

• Rural/Urban: Both

• State/Central Government: State Government

9. Interest Subsidy Scheme

This is a well-known loan scheme for MSMEs in Haryana where interests on term loans are refunded particularly to first-time entrepreneurs. It makes industrial development less costly and promotes its development in priority areas. This MSME loan given by the Haryana government is suitable to startups and small manufacturing units.

Key Features:

• Eligibility: New micro and small businesses
• Interest Subsidy: 5-7 percent per annum
• Amount of loan: 20 lakh subsidy per annum
• Duration: 5 years (depending on block category)
• Target Groups: Women, SC/ST and Rural entrepreneurs

10. Freight Assistance Scheme

The state also provides freight reimbursements to exporters of MSME loans in Haryana in order to lower the logistic expenses. The plan enables companies to grow beyond the local markets. It is in addition to the MSME subsidy scheme Haryana that was meant to enhance competitiveness among small manufacturers.

Key Features:

• Eligibility: Registered exporters of MSMEs
• Amount of Assistance: 1 per cent of FOB or actual freight
• Max Limit: 25 lakh
• Coverage: Exportation of manufactured goods
• Field of application: Blocks in the state of Haryana

11.Electricity Duty exemption

This plan helps in financing small businesses and loans in Haryana by lowering operation costs.  MSMEs setting up new units or expanding can benefit from long-term exemptions, making this a valuable part of Haryana government MSME loans focused on energy efficiency and business affordability.

Key Features:

• Eligibility: New/expanding MSME units
• Exemption: 100% on electricity duty
• Duration: 5 to 20 years
• Classification-Based: As per industrial block (A to D)
• Support Type: Cost reduction incentive

12. Stamp Duty Refund Scheme

This plan will encourage investment in the industrial areas through the refund of stamp duties, enhancing the Haryana financial corporation MSME loan plans. The entrepreneurs who invest in land or factory installations receive a partial/complete reimbursement of paid duties, which is the main driving force in capital-intensive enterprises.

Key Features:

• Eligibility: New production units placed in operation during 5 years
• Refund Rate: 60-100 percent according to the block category
• Max Refund: According to fixed capital investment
• Applicable to: Land/building registration
• Type of Support: Capital relief once-off

13. SGST Reimbursement Scheme

This is an important part of the MSME subsidy scheme Haryana where a percentage of SGST paid by the eligible MSMEs is reimbursed as per this policy. It provides a high rate of relief on operation taxation, which in turn facilitates the growth of MSMEs after establishment in both manufacturing and service sectors.

Key Features:

• Eligibility: Enterprises that are new/expanding
• Reimbursement: SGST up to 50%
• Period: 5-10 years based on classification
• Sector Focus: manufacturing and thrust sectors
• Type of Benefit: Continuous tax subsidy

Finding the right loan scheme for MSMEs in Haryana can be the turning point for your business journey. With so many supportive initiatives from the government—be it interest subsidies, tax reimbursements, or cost-cutting schemes—there’s never been a better time to step forward with confidence.

But here’s something many entrepreneurs overlook: to apply for any of these schemes, you need a clear, bank-accepted project report. That’s where Finline makes your life easier. It’s like Canva—but for financial documents. Whether you’re applying for funding, looking for investors, or scaling your business, Finline helps you create a professionally designed project report in just minutes, in your preferred language. Create Your Project Report for Bank Loan Now!