Scheme Sponsor: SIDBI
Mode of Assistance: Funding Support/Fund raising Assistance
Target Group: Enterprises in high growth and priority sectors with minimum two years of
operation and audited accounts [for at least two full years]
About The Scheme:
It offers financial support to Small Industries and Development Bank of India customers so
they can purchase equipment or land for their businesses’ expansion. The primary goal of the
ARISE Scheme is to assist both new and established SMEs in securing possibilities for
expansion. Brownfield sites or already-existing businesses will receive financial support for
modernization, growth, and capital expenditures in their respective industries. Financial help
for expansion, modernization, and capital expenditures in the same business area will be
given to brownfield and existing enterprises under this initiative.
Assistance Pattern:
- Up to Rs. 3 crores are offered to the borrowers that are based on the fixed assets for a maximum of 25%.
- Financial assistance is given in the form of a term loan.
Requirements:
- Proforma invoice of quotation (machinery).
- Copy of trust deed, MOA (Memorandum of Association), and Partnership deed.
- Documents of identity proof.
- Financial statements for the previous 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/products.php