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EXPRESS

KEY POINTS

  • To provide expeditious sanction of term loan through automated platform to “New to SIDBI” customers in manufacturing/service sector for purchase of machines/equipment.

Expeditious Process to deliver Rapid Loan through Automated Evaluation and Swift Sanction (EXPRESS)

  • To provide expeditious sanction of term loan through automated platform to “New to SIDBI” customers in manufacturing/service sector for purchase of machines/equipment.
  • MSME units in operation for at least three years.
  • Automated loan processing
  • Seamless loan application journey
  • Immediate In-Principle offer
  • Upto 100% financing
  • Low processing fees
  • Quick sanction and disbursement
  • Mandatory Udyam registration.
  • Mandatory GST registration.
  • CIBIL / CMR/ due diligence checks etc.
  • Upto 100 lakh.
  • MCLR linked attractive RoI
  • Up to 60 months

SPEED

KEY POINT

  • To provide term loan assistance to MSMEs both in Manufacturing and Service Sector for purchase of Plant and Machinery and MFAs.

SIDBI – Loan for Purchase of Equipment for Enterprise’s Development (SPEED)

  • To provide term loan assistance to MSMEs both in Manufacturing and Service Sector for purchase of Plant and Machinery and MFAs.
  • Upto 100% financing
  • Simplified online loan application
  • Quick sanction and disbursement
  • MSMEs having atleast 3 years of operation with cash profit in previous three years.
  • Plant & Machinery.
  • Ancillary equipment’s/MFAs.
  • Second hand/refurnished machines are also permitted subject to standard guidelines.
  • Machinery should relate to same line of business.
  • Upto 100% finance of the cost of machinery with minimum 25% FD as security (Interest bearing) or Upto 75% of the cost of machinery with 25% promoter contribution.
  • Maximum loan amount – Rs. 50 crore
  • MCLR based interest rate as per internal rating.
  • Upto 7 years including moratorium upto 12 months.

ARISE

KEY POINTS

  • Financial assistance shall be provided to brownfield / existing entities for undertaking expansion / modernization / capital expenditure in the same line of business.

Assistance to Re-energize capital Investments by SMEs (ARISE)

  • Attractive RoI
  • Quicker sanction
  • Facility of TL/FCTL available
  • Minimum two years of operation and audited accounts [for at least two full years]
  • Cash profits in last audited financial results
  • Standard Norms apply (CIBIL / CMR, due diligence checks etc.)
  • MSMEs engaged in high growth and priority sectors (including sunrise sectors)
  • TL upto `5000 Lakh, subject to maximum of 80% of the project cost
  • MCLR based ROI as per internal rating
  • Repayment – Generally upto 7 years Moratorium- Upto 2 years

STHAPAN

Financial assistance

  • Financial assistance to Greenfield Units for setting up new units which includes:
  • purchase of land,
  • construction of factory building,
  • purchase of equipment, plant & MFA etc.

SIDBI Thematic Assistance for Purchase of capital Assets in New Enterprises (STHAPAN)

  • Attractive RoI
  • Quicker sanction
  • New Entities or Greenfield units are eligible
  • Promoters should have prior experience of 5 years in business for loans above Rs. 20 crore. For loans upto Rs. 20 crore under the scheme, the promoters of the new entity should have prior business experience of 3 years in manufacturing activity
  • Promoters Contribution – Minimum 25% Standard Norms apply (CIBIL / CMR, due diligence checks etc.)
  • MSMEs setting up units in identified sectors under Production Linked Incentive Scheme (as per the list identified by GoI), high growth / sunrise sectors and other important sectors
  • TL upto `5000 Lakh, subject to maximum of 75% of the project cost
  • MCLR based ROI as per internal rating
  • Repayment – Generally upto 7 years
  • Moratorium - Upto 2 years

ARJANA

KEY POINTS

  • To support MSMEs (both manufacturing & service sectors) promoted by women entrepreneurs by way of term loan assistance (on relatively softer terms) for establishment of new/ greenfield unit or for expansion/ modernization/ other capital expenditure of the existing unit, coupled with incentive structure.

A Special Dispensation For Nurturing Enterprises Run By Women Entrepreneurs (ARJANA)

  • To support MSMEs (both manufacturing & service sectors) promoted by women entrepreneurs by way of term loan assistance (on relatively softer terms) for establishment of new/ greenfield unit or for expansion/ modernization/ other capital expenditure of the existing unit, coupled with incentive structure.
  • Financial incentive to units maintaining satisfactory repayment track record with SIDBI
  • 50% of the credit guarantee fee to be borne by SIDBI
  • Lower processing fees
  • Nil prepayment charges
  • Lower promoter contribution
  • Quick sanction and disbursement
  • MSMEs as per MSMED Act
  • MSMEs promoted by women entrepreneurs with minimum 51% stake
  • Standard Scheme Norms apply (CIBIL / CMR, due diligence checks etc.)
  • Should not be in default to any bank/FI.
  • MSMEs promoted by women entrepreneurs with emphasis on smaller units/ new units under manufacturing & service sector.
  • Minimum – Rs. 25 lakh
  • Maximum - Rs. 300 lakh
  • Interest Rate-MCLR based ROI as per internal rating

SAATH

SAATH

  • To support MSMEs (both manufacturing & service sectors) promoted by SC/ST entrepreneurs by way of term loan assistance (on relatively softer terms) for establishment of new/ greenfield unit or for expansion/ modernization/ other capital expenditure of the existing unit, coupled with incentive structure.

SIDBI Assistance and Aid for Thematic support to MSMEs promoted by SC/STs (SAATH)

  • To support MSMEs (both manufacturing & service sectors) promoted by SC/ST entrepreneurs by way of term loan assistance (on relatively softer terms) for establishment of new/ greenfield unit or for expansion/ modernization/ other capital expenditure of the existing unit, coupled with incentive structure.
  • Financial incentive to units maintaining satisfactory repayment track record with SIDBI
  • 50% of the credit guarantee fee to be borne by SIDBI
  • Lower processing fees
  • Nil prepayment charges
  • Quick sanction and disbursement.
  • MSMEs as per MSMED Act
  • MSMEs promoted by SC/ST entrepreneurs with minimum 51% stake
  • Standard Scheme Norms apply (CIBIL / CMR, due diligence checks etc.)
  • Should not be in default to any bank/FI.
  • MSMEs promoted by SC/ST entrepreneurs with emphasis on smaller units/ new units under manufacturing & service sector.
  • Minimum – Rs. 25 lakh
  • Maximum - Rs. 300 lakh
  • Interest Rate - MCLR based ROI as per internal rating.

Ubharte Sitaare

KEY POINTS

  • Term loans to Export oriented MSMEs forexpansion, modernisation, diversification, technology / capacity upgradation, product R&D, etc, by investment in Land and building, machinery and equipment, etc.

SIDBI Assistance to Export oriented MSMEs under Ubharte Sitaare Programme

  • Future export champions with high potential
  • Units having unique technology, products or processes
  • High export potential sectors, i.e. Automobiles, Aerospace & Defence, Chemicals, Food Processing, IT & ITeS, Pharmaceuticals, Precision engineering, Textiles and allied sectors, etc.
  • Need based financial assistance, subject to maximum of 80% of the project cost.
  • Joint financing with EXIM Bank available.
  • Attractive RoI
  • 20% promoters’ contribution (30% for greenfield units)
  • Facility of TL/FCTL available
  • Technical Assistance for mentorship support, equity support, etc.
  • Upto 25 bps performance / milestone linked interest incentive.
  • MCLR based ROI as per internal rating
  • Repayment – Generally upto 6 years (Extendable upto 10 years)
  • Moratorium - Upto 2 years
  • New units - Promoters having sufficient experience in the proposed line of business and major projected revenue from exports. For units co-funded by technocrats from premier institutions (like IIT, IIM, IISc, NIT etc.), sufficient experience in the proposed line of business shall not beinsisted upon.
  • Existing units - Fundamentally strong export oriented small and mid-sized companies with satisfactory financials.
  • Standard Norms apply (CIBIL / CMR, due diligence checks, etc.)

Working Capital

  • Presently available for MSME, who have outstanding Term loans from SIDBI or propose to avail both TL & WC from SIDBI.
  • Option to choose banking platform from 2-3 banks
  • Seamless approvals as per customer instructions for setting DP etc.
  • Single window for term loan customer to avail working capital facilities.

Working Capital (Cash Credit)

  • Should be an eligible MSME unit.
  • SIDBI assistance shall be considered to any of the following category of customers.
  • Existing customers who are solely banking with the Bank.
  • Existing customers of the Bank (who are also banking with other banks).
  • Existing well performing entities who are new to the Bank and do not enjoy working capital facility with any other bank; where term loan is considered by the Bank.
  • New entities where term loan is considered by the Bank.
  • Takeover of working capital accounts, as a part of term loan takeover, may be considered subject to compliance of takeover guidelines.
Satisfying minimum financial parameters under the scheme.
ParametersEligibility Norm
Total outside liabilities/ tangible Networth (TOL/TNW)Not to exceed 4:1
Current Ratio1.25
Interest CoverageMinimum 1.5 times
Overall Asset Coverage1.3 for existing units and 1.4 for new projects
Internal RatingAs per existing Bank’s Norms

STEP

KEY POINTS

  • To provide medium/short term financial assistance to eligible MSMEs for augmenting NWC and / or to execute urgent confirmed orders.

SIDBI’s Term Loan To Enhance Production Of MSMES (STEP) Scheme Guidelines

  • To provide medium/short term financial assistance to eligible MSMEs for augmenting NWC and / or to execute urgent confirmed order.
  • Incremental working capital requirement may also be funded after satisfying about non enhancement of regular WC limit from existing lenders.
  • Both in rupee and foreign currency.
  • Generally, upto 3 years (including moratorium upto 6 months).
  • Availability of CGTMSE cover
  • Simplified documentation
  • Quick sanction and disbursement
  • Existing MSMEs as per MSMED Act
  • Minimum 3 years operations of the unit required. (2 years for Existing customer of SIDBI)
  • WCTL shall be provided to only those enterprises not availing WCL / OD facility from any Banks / FIs.
  • Operating profit during past 2 years ( 1 year for Existing Customers).
  • Standard Scheme Norms apply (CIBIL / CMR, due diligence checks etc.)
  • should not be in default to any bank/FI.
Micro, Small and Medium Enterprises
  • Upto Rs 300 lakh for existing customers
  • Upto Rs 200 lakh for New Customers
  • Interest Rate- MCLR based ROI as per internal rating.

STAR

SIDBI Term-loan Assistance for Rooftop Solar PV Plants (STAR)

  • Helping MSMEs to reduce their Power bill
  • Across the segment coverage with 25 KW to 1 MW plants (indicative)
  • Loan Amount: ₹10 lakh to Rs. 350 Lakh
  • Quick sanction and fast disbursement
  • Ground mount solar plants are also allowed subject to unhindered availability of sunlight during tenure of the loan.
  • 100% finance
  • Zero promoter’s contribution
  • FD of 15% to 25% of Loan (interest bearing)
  • Attractive Interest rates
  • Credit Guarantee cover available
  • Simple Loan documentation
  • Direct payment to Supplier
  • Solar Panels / Equipment’s (Including all accessories) from established suppliers, manufacturers, aggregators, etc.
  • Installation cost
  • Online application
  • Standard KYC checks and due diligence
  • Vintage: New Customer – 3 years, Existing Customer – 2 years
  • 2 years cash profits
  • Satisfactory repayment track record
  • For New Customer: Minimum IACR of 0.5% to 0.50% (if no CGTMSE cover)
  • Proposed Solar rooftop capacity not to exceed connected load
  • Only On-site projects
  • Stand alone and Grid connected, both covered
  • Maximum loan up to 25% of Net Sales
  • Interest Rate- MCLR based interest rate as per internal rating
  • Repayment up to 5 years including moratorium of 6 to 12 months
India.gov.in
Udyam Registration
Udyami Mitra
Ministry of Micro, Small and Medium Enterprises
National Portal ( Jan Samarth )
Central Vigilance Commission