Scheme Sponsor: SIDBI
Target Group: Existing MSME units having a net profit in 2 years out of last three years
with cash profits in all the three years
Mode of Assistance: Funding Assistance

About the Scheme:
This program’s goal is to give MSMEs—especially those in the industrial and service
sectors—faster access to loans. The program provides funding for anticipated or unforeseen
business-related costs, contingent on the quality of the collateral security and the MSME’s
ability to repay the loan given its existing business activities.

Requirements for Application:

• Identity Proof: Aadhar Card
• Address /Age Proof: Aadhar Card/PAN Card/Passport/Voters ID/Driving License/Ration Card/Utility bill
• KYC: PAN / Aadhar Card (mandatory)
• Ownership Proof: Business & Residence
• Business/ YIB proof: Shop Act / VAT certificate / SSI certificate / Udyog Aadhar / any other govt. issued document
• Income documents such as ITR/Bank Statement/Balance Sheet

Assistance Pattern:

• Machinery Loan
• Quick sanction of machinery loan through automated platform using GST returns, ITRs, Bank Statement and CIBIL score.
• Loan amount up to Rs. 1 Crore with immediate in-principle offer.
• Upto 100% financing with 25% security in the form of fixed deposit.
• Processing fees of 0.50% plus applicable GST.
• MCLR Linked attractive rate of Interest.
• Repayment upto 60 months

• Green Finance Loan :
• Term Loan (Rupee or Foreign Currency)
• Loan amount for
• MSMEs – up to Rs. 20 Cr Service providers/ aggregators – up to Rs. 50 Cr.
• Repayment period of up to 10 years.
• Attractive rate as per internal ratings
• Assistance may be covered under Risk Sharing Facilities like CGTMSE, PRSF, etc.

• Project Loan:
• Loan for purchase of land & construction of factory building purchase of plant & machinery, miscellaneous fixed assets, installation of rooftop solar projects, acquisition of other energy efficiency devices etc.
• Assistance to existing entities for expansion / modernization / technology upgradation in the same line of business.
• Financing upto Rs. 50 crores subject to maximum of 80% of the project cost.
• MCLR Linked attractive rate of Interest.
• Repayment upto 7 years with moratorium upto 2 years.

• Working Capital:
• Working capital assistance for small and medium-sized enterprises (SMEs).
• Option to choose banking platform from several banks (IDBI, CUB, and Yes Bank).
• Set Drawing Power with seamless approval based on customer specifications.
• Customers with term loans can access working cash through a single window.
• MCLR linked favorable rate of interest.

More Information on: https://www.sidbi.in/
Apply on: https://www.sidbi.in/home-product.php