SIDBI

Objective

  • 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.

Eligible Enterprises

  • 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.

Term loan

  • Up to 75% of the project cost for all proposals, irrespective of cost of project.

Soft loan

  • 10% of the project cost.
  • Maximum soft loan (Borrower-wise) -`20 lakh (Rupees Twenty Lakh)

Upfront fee

  • 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.

Contact

Andheri Branch

Samrudhi Venture Park, Upper Ground Floor MIDC Road, MIDC Industrial Area, Marol, Andheri(E) Mumbai - 400093 Maharashtra Phone No: 022-28305458

Contact Person

  1. Sh. Chandramauli Annem – DGM,
    SIDBI Andheri – Phone Number – 022-28305459,
    Mobile Number – 8238804670,
    Email Id –acmauli@sidbi.in
  2. Sh. Manoj C. Dhingra - AGM,
    SIDBI Andheri - Phone Number -022-28353063,
    Mobile Number -8948321333,
    Email Id -manojdingra@sidbi.in  
  3. Sh. T Kulasekaran - AGM,
    SIDBI Andheri - Phone Number – 022-28329602,
    Mobile Number – 9976169666,
    Email Id – kuls@sidbi.in

Small Industries Development Bank of India (SIDBI)

Thane Branch

1 & 2, Dhanalaxmi Residency,
Near Hotel Tip Top Plaza,L.B.S. Marg, Thane (W)
Mumbai - 400602
Maharashtra
Phone No:022-25826614 ,25826616 25826616

Contact Person

  1. Sh. Natrajan Ramachandran, DGM
    SIDBI Thane – Phone Number – 022- 25826612,
    Mobile Number – 7589064285,
    Email Id –ramch@sidbi.in
  2. Sh. Nirmal Chandra Das, AGM, SIDBI Thane,
    Mobile Number -
    9668397709,
    Email Id - ncdas@sidbi.in  

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
Maharashtra
Phone No: 020-25530815

Contact Person

Sh. Rajesh D. Kale – General Manager,
SIDBI Pune Regional Office – II,
Phone Number –020 -25530812,
Email ID - rajeshkale@sidbi.in

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