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RMA against Bank Guarantee Raw Material Assistance Scheme aims at helping MSMEs by way of financing the purchase of Raw Material (Both indigenous & imported). This gives an opportunity to MSMEs to focus better on manufacturing quality products. Benefits of the Scheme Facilitating procurement of Raw Material with credit support up to 180 days MSMEs […]
To meet the credit requirements of MSME units, NSIC has entered into a Memorandum of Understanding with various Nationalized and Private Sector Banks. Through syndication with these banks, NSIC facilitates MSME in accessing credit support (fund based or non-fund based limits) from the banks. NSIC assists MSMEs in completion of the documentation for submitting the […]
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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. Key Features Attractive RoI Quicker sanction Eligibility New Entities or Greenfield units are eligible Promoters should have minimum 5 years of business experience Promoters Contribution – Minimum […]
Target Group 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. Loan Amount Need based financial assistance, subject to maximum of 80% of the project cost. Joint financing […]
SIDBI AND GOOGLE PARTNERSHIP FOR ASSISTANCE TO MICRO ENTERPRISES (SANGAM) Objective : Financial assistance shall be provided in the form of term loans to micro enterprises for Capex or meeting working capital requirement. Key Features : Up to 100% finance Funding of both Capex and working capital requirement. Nil processing fee. Interest rate of 6% […]
SIDBI’S TERM LOAN TO ENHANCE PRODUCTION OF MSMES (STEP) SCHEME GUIDELINES Objectives To provide medium/short term financial assistance to eligible MSMEs for augmenting NWC and / or to execute urgent confirmed orders. Incremental working capital requirement may also be funded after satisfying about non enhancement of regular WC limit from existing lenders. Key Features Both […]
Credit Guarantee Funds Trust for Micro and Small Enterprises (CGTMSE) is a trust established by the Government of India, under the Ministry of Micro, Small and Medium Enterprise (MoMSME) and Small Industries Development Bank of India (SIDBI). Launched in 2000, the CGTMSE scheme offers credit guarantees to financial institutions that offer loans to Micro and […]
Mudra Yojana is a loan scheme initiated by the Government of India to offer business loans of amount up to Rs. 10 lakh at competitive interest rates to individuals, MSMEs and self-employed professionals. No collateral or security is required by any financial institution from the borrowers applying for Mudra loan. The maximum repayment tenure offered […]
Business, be it big or small, is most of the times in need of additional funds to meet day-to-day business requirements. The required funding also depends upon the nature of the business – is it capital-intensive and what is its stage of development, in terms of inception, growth or maturity? Usually businesses need funds the […]