News


SIDBI VALUES MSME'S

Responsive to the need of the hour to fight Corona Virus from all fronts, Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro and Small Enterprises (MSEs), has launched SAFE (SIDBI Assistance to Facilitate Emergency response against Corona Virus) scheme. It is a financial assistance program for MSEs which are engaged in the manufacturing of products or offers services related to fighting the novel coronavirus, which has been declared a pandemic.


SIDBI SPEED SCHEME

ELIGIBILITY:
• New borrower to SIDBI: up to Rs 1 Crore
• Existing Borrower: up to Rs 2 Crore
• Existing units with at least 3 years operations
• Note: Greenfield or rural are also allowed with co-borrower
• Other eligibility criteria as per Bank’s guidelines