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EXPRESS 2.0

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 2.0)

  • 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

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.

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

STEP

STEP

  • 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.

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.
  • Interest Rate - Based on MCLR of the Bank / Repo rate, with applicable spreads (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.)

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. 5 crore. For loans upto Rs. 5 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 `2000 Lakh, subject to maximum of 75% of the project cost
  • Till utilisation of the corpus as allocated/decided from time to time
  • Repo Rate + 2.20% to 3.50% (floating) for first year with reset applicable thereafter (as per internal rating)
  • Repayment – Generally upto 7 years
  • Moratorium - Upto 2 years

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
  • 100% financing for loans upto `Rs. 5 crore, based on FD upto 25% (interest bearing)
  • 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 `700 Lakh, subject to maximum of 80% of the project cost
  • Till utilisation of the corpus as allocated/decided from time to time.
  • Repo Rate + 1.70 % to 3.00 % (floating) for first year with reset applicable thereafter (as per internal rating)
  • Repayment – Generally upto 7 years Moratorium- Upto 2 years

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

TULIP

Top Up Loan for Immediate Purposes (TULIP)

  • Up-to 100% finance based on 10% FD & extension of charge
  • Quicker sanction within 7 days
  • No additional collateral security (except SIDBI FD)
  • At least 1-year association with SIDBI with satisfactory track record
  • Expansion in same line of business at same location
  • Cash profit in last FY
  • Purchase of machinery / equipment
  • Need based civil construction/renovation
  • Acquisition of DG set/other MFAs (including testing equipment, dies & moulds etc.)
  • Margin money for working capital (MMWC)
  • To execute sudden/specific/bulk orders which are self-liquidating nature and are against a min. BBB rated counter party or a state / central government department counter party with a track record in making timely payments
  • 30% of existing exposure or 20% of net sales subject to Max ₹2 Crore
  • MCLR based interest rate as per internal rating
  • Max. 5 years (including moratorium of up to 6 months)
Application form is enclosed

SPEED Plus

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

  • Upto 100% financing of high-end machineries
  • Quick sanction and disbursement
  • No immovable property needed as collateral
  • MSME units with at least 5 years operations with stable sales and cash profits in immediate past 3 years
  • Minimum net sales of ₹ 5 crore and no operating loss in immediate past two years
  • Machinery purchased from identified OEMs manufacturing high end machines or authorised dealers / Indian subsidiaries of such foreign OEMs, which have strong brand reputation and with whom SIDBI has entered into an MoU
  • Proposed machinery should relate to same line of business
  • 2nd hand/ refurbished machines are not eligible
  • Upto 100% of the machinery cost subject to maximum of ₹2 crore for New to SIDBI customers (based on 20% - 30% FD) and up to ₹3 crore for existing customers of SIDBI (based on 15% - 30% FD)
  • MCLR based interest rate as per internal rating
  • Maximum 7 years including moratorium of 6-12 months

SPEED

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

  • Upto 100% financing
  • One-page application format
  • Quick sanction and disbursement
  • MSME units with at least 3 years operations with stable sales and cash profits in immediate past 2 years.
  • For New To Bank (NTB)- Machinery purchased from the OEMs with whom SIDBI has an MoU.
    For Existing Customer- Any OEM
  • Proposed machinery should relate to same line of business
  • 2nd hand/ refurbished machines are not eligible.
  • Upto 100% of the machinery cost subject to maximum of ₹1 crore for New to Bank (NTB) customers and upto ₹2 crore for existing customers of SIDBI. SIDBI reserves the right to sanction lower amount depending upon assessment of repayment capacity.
  • MCLR based interest rate as per internal rating
  • 2 to 5 years including moratorium upto 6 months.

PRATHAM

Priority Assistance to MSMEs based on Hybrid or Alternate-security Model (PRATHAM)

  • Upto 100% financing
  • One-page application format
  • Quick sanction and disbursement
  • MSMEs having atleast 3 years of operation with net profit in previous three years.
  • Units having cash profit for past three years would also be eligible.
  • Plant & Machinery
  • Ancillary equipment’s/MFAs
  • Installation/transportation cost may be included.
  • Second hand/refurnished machines are also permitted subject to standard guidelines.
  • Machinery which is not covered under SPEED/SPEED Plus.
  • Upto 100% of the total project cost subject to maximum of ₹ 300 lakh (based on 30% - 40% FD). SIDBI reserves the right to sanction lower amount depending upon assessment of repayment capacity.
  • MCLR based interest rate as per internal rating.
  • Generally, upto 5 years including moratorium of 6 -12 months.

Working Capital

KEY POINTS

  • 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

Loans - OEM Partnership

  • One stop solution for MSMEs purchasing machines from OEMs.
  • Financial tie ups arranged at the time of placing of order with OEMs.
  • Simple Credit dispensation.
  • Quick disbursal under CGTMSE cover is proposed to be taken by MSME.

Loans Under Partnership with OEM

MSME entities should be in existence for at least 3 years having satisfactory financial position.
Investment in Plant & Machinery purchased from respective OEMs.
Generally, upto ₹ 100.00 Lakh. Higher loan amount can also be considered subject to Bank’s guidelines.
As per SMILE.
Normally upto 60 months including eligible moratorium.
COMMON LOAN APPLICATION FORM FOR ASSISTANCE UPTO 300 LAKH

SMILE

KEY POINTS

  • Competitive interest rates.
  • Funding of part Promoter contribution by way of soft loans.
  • Longer repayment period.
  • Quick dispensation

SIDBI Make in India Soft Loan Fund for Micro Small and Medium Enterprises (SMILE)

  • Emphasis will be on covering new enterprises in the manufacturing as well as services sector.
  • The emphasis will however, be on financing smaller enterprises within MSME.
  • Existing enterprises undertaking expansion, to take advantage of new emerging opportunities, as also undertaking modernization, technology upgradation or other projects for growing their business will also be covered.
  • Minimum Loan Size - ₹ 10 lakh for Equipment Finance & Others : ₹ 25 lakh.
  • Longer repayment period upto 10 years including moratorium of upto 36 months.
  • Minimum Promoter Contribution of 15% subject to Maximum DER of 3:1
Term Loan
  • First charge over all assets created under the project.
  • Personal guarantee of promoter(s).
  • Cases involving term loan up to ₹ 2 crore may be covered under Credit Guarantee Scheme of CGTMSE.
ACR and FACR norms would be applicable in terms of extant Loan Policy.
Soft Loan
  • Residual charge over the entire assets
  • Personal Guarantee of the Promoter(s).
  • Annexure_Common Loan Application form with formats I, II and III
    •
    India.gov.in
    Udyam Registration
    Udyami Mitra
    Ministry of Micro, Small and Medium Enterprises
    National Portal ( Jan Samarth )
    Central Vigilance Commission