Scheme Sponsor: SIDBI
Target Group: Micro enterprises with minimum 2 years operations of the unit
Mode Of Assistance: Funding Assistance

About the Scheme:
The program’s goal is to give term loans to microbusinesses so they may satisfy their working
capital needs or finance capital expenditures. Additionally, businesses established or owned
by women as well as entrepreneurs from smaller cities (outside Metros) are preferred.

Assistance Pattern:

• Up to Rs. 100 lakhs of loan as offered by SIDBI
• A maximum of 40% of net sales for manufacturing units.
• 75% of job work income, service sector enterprises, gross receipts for job work.

Requirements for Application:

• Proforma invoice of quotation (machinery).
• Copy of trust deed, MOA (Memorandum of Association), and Partnership deed.
• Documents of identity proof.
• Audited financial statements for the last 3 years.
• KYC documents as per the guidelines of banks.
• Statement of immovable directors and promotors.
• Copy of lease agreement and rent.
• Documents of existing power load.
• Documents of address proof.
• Copy of registration certificate of GST for the registered units.
• Copy of UAM (Udyog Aadhar Memorandum)
• Copy of consent to establish from Process Control Book.
• Application filed for the requirement of additional power load.
• Copy of sanction letters from other banks for the current banking agreement.
• Information of loans provided by other banks, financial institutions, and NBFCs (Non-Banking Financial Companies) that are currently outstanding.

Apply on: https://onlineloanappl.sidbi.in/OnlineApplication/
More Information on: https://www.sidbi.in/en/products#section11