To provide soft loan, in the nature of quasi-equity and term loan on relatively soft terms to MSMEs for establishment of an MSME as also for pursuing opportunities for growth for existing MSMEs.
Target MSME Sectors
Focus will be on all the identified 25 Make in India sectors or other sectors as may be added, in the Make In India Programme.
All MSMEs as per MSMED Act 2006.
Emphasis will be on covering new enterprises in the manufacturing as well as services sector.
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.
Loans extended under the scheme cannot be used for repayment of earlier loans.
Assistance in Foreign currency/ conversion of existing rupee loan into foreign currency loan will not be permissible under the Scheme during the concession period.
CIBIL MSME Rank of the entity and associate concern(s) should note be more than 6 & weighted average CIBIL Transunion score of the promoters (based on shareholding) should not be less than 700 subject to condition that none of the promoters have CIBIL score less than 600.
Minimum Promoter’s Contribution
15% of project cost for projects up to `1 Crore and 20% for the rest of projects.
Up to 75% of the project cost for all proposals, irrespective of cost of project.
10% of the project cost.
Maximum soft loan (Borrower-wise) -`20 lakh (Rupees Twenty Lakh)
1% of the term loan & soft loan amount;plus applicable taxes.
Rate of Interest& Tenure
Term Loan – Uniform Effective Rate of around 8.36% per annum (based on rating, loan tenure of 5 years and moratorium period).
Soft Loan – 8.75% p.a. (for first 3 years from the date of first disbursements). On expiry of 3 years from the date of first disbursement, the outstanding soft loan together with any dues thereon shall be converted into secured term loan and the fixed interest rate would be applicable on it.
Tenure of the Term Loan & Soft Loan – 3 years (including maximum moratorium of 6 months) and generally 5 years (up to 7 years) inclusive of the moratorium period of up to 18 months. No soft loan shall be considered for term loans with tenure of 3 years.
Samrudhi Venture Park, Upper Ground Floor MIDC Road, MIDC Industrial Area, Marol, Andheri(E) Mumbai - 400093 Maharashtra Phone No: 022-28305458
Sh. Chandramauli Annem – DGM,
SIDBI Andheri – Phone Number – 022-28305459,
Mobile Number – 8238804670,
Email Id –firstname.lastname@example.org
Sh. Manoj C. Dhingra - AGM,
SIDBI Andheri - Phone Number -022-28353063,
Mobile Number -8948321333,
Email Id -email@example.com
Sh. T Kulasekaran - AGM,
SIDBI Andheri - Phone Number – 022-28329602,
Mobile Number – 9976169666,
Email Id – firstname.lastname@example.org
Small Industries Development Bank of India (SIDBI)
1 & 2, Dhanalaxmi Residency,
Near Hotel Tip Top Plaza,L.B.S. Marg, Thane (W)
Mumbai - 400602
Phone No:022-25826614 ,25826616 25826616
Sh. Natrajan Ramachandran, DGM
SIDBI Thane – Phone Number – 022- 25826612,
Mobile Number – 7589064285,
Email Id –email@example.com
Sh. Nirmal Chandra Das, AGM, SIDBI Thane,
Mobile Number -9668397709,
Email Id - firstname.lastname@example.org
Interested agencies may also contact SIDBI Pune Regional Office. Address and contact details is mentioned below:
SIDBI Pune Regional Office
Office No.305 & 305A, 3rd Floor, CTS No. 2687B,
Kakade Bizz Icon, Pune University Road, Near E - Square, Shivajinagar,
Pune - 411016
Phone No: 020-25530815
Sh. Rajesh D. Kale – General Manager,
SIDBI Pune Regional Office – II,
Phone Number –020 -25530812,
Email ID - email@example.com