Vendor Development Scheme (VDS) SME (manufacturing and service sector) vendors of OEMs/ large Corporates.
OEM
Any large well run Corporate, PSU, MNC having a good SME vendor base and a satisfactory external rating..
Purpose
SIDBI would sign an MOU with the OEM for the vendor development arrangement.
Under the arrangement flexible term loan assistance would be provided for capital expenditure for expansion, modernisation, diversification, WC of SME vendors based on comfort provided by OEM.
Need based customised Invoice discounting/ bill discounting facility can be structured for the vendors of OEM.