Financial assistance by SIDBI
Both new and expansion funding proposals are covered under this scheme.
Through SIDBI portal: Simple one-page application + built-in checklist.
- Minimum loan size is Rs. 25 lakhs and maximum upto Rs. 2 crores.
- Maximum tenure is 10 years (including moratorium period of upto 18 months).
- Minimum margin money requirement of 15%.
- Interest rate starting from 8.36%.
- Security:
- First charge over all assets created under the project.
- Personal guarantee of promoters.
- TL of upto Rs. 2 crores maybe covered under CGTMSE.
SAFE-Plus SIDBI Assistance to Facilitate Emergency response against corona virus - Plus
Emergency working capital to existing MSMEs
producing goods & services directly related to fighting
corona virus, against specific orders form the government/
government agencies.
A. For existing SIDBI customers : Cash profit in last audited balance sheet FY 2019 & Account not in SMA1/2/NPA category.
B. For new SIDBI customers: at least two years cash profits & Account not in SMA1/2/NPA category.
- Through SIDBI portal: Simple one-page application + built-in checklist .
- For Existing customers : extension of existing. securities /any other security to meet asset coverage.
- For New customers : credit guarantee cover is offered at no cost to customer or any security offered by borrower to meet asset coverage norms..
- Maximum loan amount Rs. 100 lakhs.
- The loan shall be given in form of revolving Working Capital Term Loan.
- Repayable over a 4-month cycle based on execution. schedule of govt orders i.e. each drawal against each. order to be repaid. Payment may be made anytime during these 4 months. Revolving in nature.
- No Collateral security:
- ROI will be 5% p.a. on reducing balance basis.
- No processing fee and repayment charges.
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Measures taken by GOI under Atmanirbhar scheme
PM SVANidhi Scheme (Special Credit Facility for Street Vendors)
Street vendors located in urban/pre urban and rural areas.
Street vendors located in urban/pre urban and rural areas.
- Mobile app and web portal based application process.
- This is yet to be launched.
- Bank credit facility for working capital of upto Rs. 10,000 repayable in monthly instalments over a year.
- On timely repayment, an interest subsidy of 7% p.a. will be credited in the beneficiaries bank account on a six monthly basis.
- Beneficiaries will be eligible for a loan of higher amount in case of timely/early repayment of first loan.
- No collateral is required.
- Monthly cash back incentive on digital transactions (receipts and/or payments).
Interest Subvention for MUDRA-Shishu Loans (i.e. loans of Rs. 50,000)
Shishu loan borrowers
Shishu loan borrowers who are prompt in repaying loan.
Not yet announced
Government will offer 2% interest rate subvention (Concession) for a period of 12 months to prompt loan payees under the MUDRA Shishu scheme.