An SME loan is tailored for small and medium-sized enterprises (SMEs), whereas an MSME loan caters specifically to micro, small, and medium-sized enterprises (MSMEs). MSMEs are defined as businesses with turnovers up to ₹250 crore and investments in plant and machinery up to ₹100 crore. On the other hand, SMEs encompass businesses with turnovers up to ₹500 crore and investments in plant and machinery up to ₹250 crore.
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