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Inland letter of credit

Product

Inland Letter of Credit (INLC) for SIDBI’s customers against sanctioned TL/WCTL assistance

Eligibile Borrowers

  • Existing SME customers for purchase of capital equipment which forms part of the project cost against which SIDBI has sanctioned assistance.
  • Existing SME customers interested in opening LCs for purchase of raw materials against WCTL sanctioned by SIDBI.

Terms of assistance Amount of assistance (Limit)

Need based. INLC amount would be within the sanctioned assistance to the unit i.e. the total fund and non fund exposure of SIDBI at any point of time should not exceed the aggregate financial assistance sanctioned to the company. .

 
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