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
