MYSY for Service Businesses: Eligibility & Benefits
Service Sector Loan Limit
If your business falls under the service sector rather than manufacturing, MYSY's loan ceiling is up to ₹10 lakh, with margin money subsidy of 25% (30% for SC/ST) capped at ₹2.50 lakh.
What Counts as a Service Business
Service businesses typically include things like repair and maintenance services, personal care and wellness services, IT/computer training or service centers, and similar businesses that don't involve manufacturing a physical product. If you're unsure which category your idea falls into, that classification matters — it decides whether your ceiling is ₹10 lakh or ₹25 lakh.
Message us your business idea and we'll confirm which category it falls under before you apply, so your loan request matches the right ceiling from the start.
Not sure if your business counts as manufacturing or service?
ClaimDesk (a NorthStar Advisors brand) handles the paperwork end-to-end. The first conversation is completely free.
MSMEUP.com is independent information & tools — free, and not run by any consultancy. ClaimDesk is a separate, private consultancy (a NorthStar Advisors brand) for those who want professional filing help; its fee is for that service, not a government charge, and using it is entirely optional — MSMEUP's guides and tools work the same with or without it.
Official portal: diupmsme.upsdc.gov.in Last reviewed: Aug 2026
This page summarizes publicly available scheme information. For the current official notification, application form and exact eligibility conditions, always confirm on the portal above before applying or filing a claim.