MSME stands for Micro, Small, and Medium Enterprises. Several financial institutions offer unsecured loans to MSMEs for meeting various business-related expenses. The Indian Government and RBI have defined such loans as loans for business enterprises for supporting their finance, infrastructure, and other business-related areas. There also exist multiple government schemes in India under which financial institutions can offer loans to MSMEs. Businesses must meet specific criteria to get all the benefits of an MSME loan.