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Ubharte Sitaare

KEY POINTS

  • Term loans to Export oriented MSMEs forexpansion, modernisation, diversification, technology / capacity upgradation,product R&D, etc, by investment in Land and building, machinery and equipment, etc.

SIDBI Assistance to Export oriented MSMEs under Ubharte Sitaare Programme

  • Future export champions with high potential
  • Units having unique technology, products or processes
  • High export potential sectors, i.e. Automobiles, Aerospace & Defence, Chemicals, Food Processing, IT & ITeS, Pharmaceuticals, Precision engineering, Textiles and allied sectors, etc.
  • Need based financial assistance, subject to maximum of 80% of the project cost.
  • Joint financing with EXIM Bank available.
  • Attractive RoI
  • 20% promoters’ contribution (30% for greenfield units)
  • Facility of TL/FCTL available
  • Technical Assistance for mentorship support, equity support, etc.
  • Upto 25 bps performance / milestone linked interest incentive.
  • Interest Rate - Based on MCLR of the Bank / Repo rate, with applicable spreads (as per internal rating)
  • Repayment – Generally upto6 years (Extendable upto 10 years)
  • Moratorium - Upto 2 years
  • New units - Promoters having sufficient experience in the proposed line of business and major projected revenue from exports. For units co-funded by technocrats from premier institutions (like IIT, IIM, IISc, NIT etc.), sufficient experience in the proposed line of business shall not beinsisted upon.
  • Existing units - Fundamentally strong export oriented small and mid-sized companies with satisfactory financials.
  • Standard Norms apply (CIBIL / CMR, due diligence checks, etc.)

STHAPAN

Financial assistance

  • Financial assistance to Greenfield Units for setting up new units which includes:
  • purchase of land,
  • construction of factory building,
  • purchase of equipment, plant & MFA etc.

SIDBI Thematic Assistance for Purchase of capital Assets in New Enterprises (STHAPAN)

  • Attractive RoI
  • Quicker sanction
  • New Entities or Greenfield units are eligible
  • Promoters should have minimum 5 years of business experience
  • Promoters Contribution – Minimum 25% StandardNorms apply (CIBIL / CMR, due diligence checks etc.)
  • MSMEs setting up units in identified sectors under Production Linked Incentive Scheme (as per the list identified by GoI), high growth / sunrise sectorsand other important sectors
  • TL upto `2000 Lakh, subject to maximum of 75% of the project cost
  • Upto March 31, 2022 for sanctions
  • Interest Rate- 6.00% to 7.30% p.a. for first year with reset applicable thereafter (as per internal rating)
  • Repayment – Generally upto 7 years
  • Moratorium - Upto 2 years

ARISE

KEY POINTS

  • Financial assistance shall be provided to brownfield / existing entities for undertaking expansion / modernization / capital expenditure in the same line of business.

Assistance to Re-energize capital Investments by SMEs (ARISE)

  • Attractive RoI
  • 100% financing for loans upto `3 crore, based on FD upto 25% (interest bearing)
  • Quicker sanction
  • Facility of TL/FCTL available
  • Minimum two years of operation and audited accounts [for at least two full years]
  • Cash profits in last audited financial results
  • StandardNorms apply (CIBIL / CMR, due diligence checks etc.)
  • MSMEs engaged in high growth and priority sectors (including sunrise sectors)
  • TL upto `700 Lakh, subject to maximum of 80% of the project cost Upto March 31, 2022 for sanctions
  • Interest Rate- 5.50% to 6.80% pa for first year with reset applicable thereafter (as per internal rating)
  • Repayment – Generally upto 7 years Moratorium- Upto 2 years

SHWAS

  • Micro, Small & Medium Enterprises engaged in manufacturing of oxygen cylinders, oxy-generators, oxygen concentrators, liquid oxygen or providing services in transportation, storage, refilling to supply of these items.

SIDBI assistance to Healthcare sector in War Against Second wave of COVID19(SHWAS)

  • Existing Customers - Cash profit in last audited balance sheet (i.e. FY 2020)
  • New customers to SIDBI – Cash profit in last two years.
  • Satisfactory Credit track record with existing Bankers / FIs.
  • Term Loan for purchase of equipment / machines
  • Working Capital Term Loan for purchase of raw materials or executing confirmed orders
  • Maximum:`200 lakh
  • RoI:4.50%-5% p.a.
  • Repayment period Term Loan - upto60 months WCTL – Upto 18 months
  • Moratorium upto 12 months included.
  • One Page Application
  • Standard KYC checks and due diligence
  • Sanction within 48 hours post receipt of mandatory information
  • Simple Loan documentation
  • Direct payment to supplier for purchase of equipment / machinery / MFAs and raw material
  • Upto 100% finance
  • Nil processing fee
  • Attractive Interest Rates
  • Credit Guarantee option also available (Charges to be borne by SIDBI)

AROG

KEY POINTS

  • Micro, Small & Medium Enterprises engaged in manufacturing of products or providing services which are directly related to fighting corona virus, such as Pulse Oximeters, Permitted drugs (Remdesivir, Fabiflu, Dexamethasone, Azithromycin, etc), Ventilators, PPEs etc.

SIDBI Assistance to MSMEs for Recovery & Organic Growth during COVID19 pandemic(AROG)

  • Existing Customers - Cash profit in last audited balance sheet (i.e. FY 2020)
  • New customers to SIDBI – Cash profit in last two years.
  • Satisfactory Credit track record with existing Bankers / FIs
  • Term Loan for purchase of equipment / machines
  • Working Capital Term Loan for purchase of raw materials or executing confirmed orders
  • Maximum:200 lakh
  • RoI:5.50%- 6% p.a.
  • Repayment period Term Loan - upto 60 months WCTL – Upto 18 months
  • Moratorium upto 12 months included.
  • Upto 100% finance
  • Very Low collateral option
  • Nil processing fee
  • Attractive Interest Rates
  • Credit Guarantee option also available (Charges to be borne by SIDBI)
  • One Page Application
  • Standard KYC checks and due diligence
  • Sanction within 48 hours post receipt of mandatory information
  • Simple Loan documentation
  • Direct payment to supplier for purchase of equipment / machinery / MFAs and raw material

TWARIT

  • The objective of the scheme (ECLGS) is to provide needed relief to MSMEs, whose operations are impacted by COVID -19

Timely Working Capital Assistance to Revitalise Industries in Times of corona crisis (TWARIT)

  • All existing borrower accounts including under Credit Delivery Arrangement with combined outstanding credit facilities up to ₹25 crore as on 29.2.2020, and annual turnover of up to ₹100 crore for FY 2019-20 are eligible under the Scheme
  • The Scheme is valid for existing customers on the books of the Bank. Borrower accounts should be less than or equal to 60 days past due as on 29th February 2020 in order to be eligible under the Scheme. i.e. All borrowers which have not been classified as SMA 2 or NPA by any of the MLIs as on 29th February 2020 will be eligible for the Scheme
  • Loans provided in individual capacity are not covered under the Scheme.
  • Eligible entities must be GST registered in all cases, where such registration is mandatory. This condition will not apply to entities that are not required to obtain GST registration.
  • An ‘opt-out’ option should be provided to the eligible borrowers to enable them to choose whether they wish to opt out of the TWARIT facility.
  • Upto 20% of total outstanding loans with SIDBI upto ₹25 crore as on February 29, 2020, with cap exposure of ₹5 crore or as modified by Govt of India / NCGTC, subject to borrower meeting all the eligibility criteria.
  • Total outstanding amount would comprise of on-balance sheet exposure such as outstanding amount of WC limit, term loans and WCTL.
  • Off-balance sheet and non-fund-based exposures will be excluded
  • Uniform rate of 8.25% p.a. with annual reset.
  • 4 years (moratorium of 1 year + repayment of principal in 3 years)
  • Extension of charges on the Primary Security / Collateral Security.
  • The additional WCTL facility granted under TWARIT shall rank second charge with the existing credit facilities in terms of cash flows and security, with charge on the assets financed under the Scheme to be created within a period of 3 months from the date of disbursal.
  • No additional collateral shall be insisted for additional funding under TWARIT.
  • Valid up to March 31, 2021 or till notification by NCGTC whichever is earlier.
  • Nil
  • 4 years including a moratorium of upto 12 months. No prepayment penalty. .
  • No Guarantee Fee shall be charged from the borrower for the Credit facilities provided under the Scheme.
  • As per the extant instructions loan documents to be executed
  • The Trustee Company (NCGTC) shall provide 100% Guarantee coverage on the outstanding amount for the credit facility provided under the Scheme as on the date of NPA.

SAFE Plus

SIDBI Assistance to Facilitate Emergency response against corona virus – Plus (SAFE Plus)

  • Upto 100% of WC requirement against specific orders
  • A quick delivery product – loan with 48 hours
  • Cost of credit guarantee cover is borne by SIDBI
  • No processing fees
  • No prepayment charges
  • For New to Bank customer - At least two years of cash profits and account not in SMA1/2 category
  • For existing Bank customer - Cash profit in last audited balance sheet and account not in SMA1/2 category
  • To meet emergency / additional working capital requirement of all existing MSMEs having confirmed order(s) from Central/ State Govt./ Govt. agencies nominated for the purpose and who are manufacturing any products or providing any services directly related to fighting Corona Virus (Covid-19)
  • Maximum upto ₹100 Lakh (linked to turnover of the unit)
  • 5% p.a. fixed on reducing balance basis
  • Revolving WCTL - Repayable over 4-month cycle based on execution schedule of govt orders i.e. each drawal against each order to be repaid gradually over a period of 4 months and payment may be made anytime during these 4 months.
  • For existing customers - Extension of charge on existing security/any other security available
  • For New to SIDBI customers - Escrow arrangement for receivables of specific govt. order or Power of Attorney in favour of SIDBI, exclusion of charge from working capital banker, credit guarantee cover at no cost to customer for MSE units or any security offered by borrower to meet asset coverage norms
  • March 31, 2021

SAFE

SIDBI Assistance to Facilitate Emergency response against corona virus (SAFE)

  • Upto 100% financing for capex / working capital
  • A quick delivery product – loan with 48 hours
  • Cost of credit guarantee cover is borne by SIDBI
  • No processing fees
  • No prepayment charges
  • For New to Bank customer - At least two years of cash profits and account not in SMA1/2 category
  • For existing Bank customer - Cash profit in last audited balance sheet and account not in SMA1/2 category
  • To finance all existing MSMEs who are manufacturing any products or providing any services directly related to fighting Corona Virus
  • Max. upto ₹ 50 Lakh
  • 5% p.a. fixed on reducing balance basis
  • Term Loan: Upto 5 years including moratorium
  • WCTL: Upto 18 months including moratorium
  • For Existing customers: Extension of existing securities /any other security to meet asset coverage
  • For New to SIDBI customers: Credit guarantee coverage, or any other security to meet asset coverage norms
    In case of WCTL to New to SIDBI customers, promoter’s contribution of 25% is converted into cash collateral
  • March 31, 2021

STAR

SIDBI Term-loan Assistance for Rooftop Solar PV Plants (STAR)

  • Helping MSMEs to reduce their Power bill
  • Across the segment coverage with 25 KW to 500 KW plants (indicative)
  • Loan Amount: ₹10 lakh to ₹250 lakh
  • Quick sanction and fast disbursement
  • 100% finance
  • Zero promoter’s contribution
  • FD of 15% to 25% of Loan (interest bearing)
  • Attractive Interest rates
  • Credit Guarantee cover available
  • Simple Loan documentation
  • Direct payment to Supplier
  • Solar Panels / Equipment’s (Including all accessories) from established suppliers, manufacturers, aggregators, etc.
  • Installation cost
  • One-page application
  • Standard KYC checks and due diligence
  • Vintage: New Customer – 4 years, Existing Customer – 2 years
  • 2 years cash profits
  • Satisfactory repayment track record
  • For New Customer: Minimum IACR of 0.5% (if no CGTMSE cover)
  • Proposed Solar rooftop capacity not to exceed connected load
  • Only On-site projects
  • Stand alone and Grid connected, both covered
  • Maximum loan up to 25% of Net Sales
  • 9.10% to 10.20% p.a.
  • Repayment up to 5 years (including moratorium of 3 to 6 months)

TULIP

Top Up Loan for Immediate Purposes (TULIP)

  • Up-to 100% finance based on 10% FD & extension of charge
  • Quicker sanction within 7 days
  • No additional collateral security (except SIDBI FD)
  • At least 1-year association with SIDBI with satisfactory track record
  • Expansion in same line of business at same location
  • Cash profit in last FY
  • Purchase of machinery / equipment
  • Need based civil construction/renovation
  • Acquisition of DG set/other MFAs (including testing equipment, dies & moulds etc.)
  • Margin money for working capital (MMWC)
  • To execute sudden/specific/bulk orders which are self-liquidating nature and are against a min. BBB rated counter party or a state / central government department counter party with a track record in making timely payments
  • 30% of existing exposure or 20% of net sales subject to Max ₹2 Crore
  • 10.00% to 11.00% p.a.
  • Max. 5 years (including moratorium of up to 6 months)

SPEED Plus

SIDBI-Loan for Purchase of Equipment for Enterprise’s Development Plus (SPEED Plus)

  • Upto 100% financing of high-end machineries
  • Quick sanction and disbursement
  • No immovable property needed as collateral
  • MSME units with at least 5 years operations with stable sales and cash profits in immediate past 3 years
  • Minimum net sales of ₹ 5 crore and no operating loss in immediate past two years
  • Machinery purchased from identified OEMs manufacturing high end machines or authorised dealers / Indian subsidiaries of such foreign OEMs, which have strong brand reputation and with whom SIDBI has entered into an MoU
  • Proposed machinery should relate to same line of business
  • 2nd hand/ refurbished machines are not eligible
  • Upto 100% of the machinery cost subject to maximum of ₹2 crore for New to SIDBI customers (based on 20% - 30% FD) and up to ₹3 crore for existing customers of SIDBI (based on 15% - 30% FD)
  • 8.80% to 10.50% p.a.
  • 2 to 5 years including moratorium of 3-6 months

SPEED

SIDBI – Loan for Purchase of Equipment for Enterprise’s Development (SPEED)

  • Upto 100% financing
  • One-page application format
  • Quick sanction and disbursement
  • MSME units with at least 3 years operations with stable sales and cash profits in immediate past 2 years.
  • For New To Bank (NTB)- Machinery purchased from the OEMs with whom SIDBI has an MoU. Present list of 8 OEMs is as under: Lokesh Machines Ltd., Jyoti CNC Automation Ltd, Milacron India Pvt Ltd, ACE Designers Ltd, ACE Manufacturing Systems Ltd., Bharat Fritz Werner (BfW), HURCO India Pvt Ltd., Batliboi Ltd.
    For Existing Customer- Any OEM
  • Proposed machinery should relate to same line of business
  • 2nd hand/ refurbished machines are not eligible.
  • Upto 100% of the machinery cost subject to maximum of ₹1 crore for New to Bank (NTB) customers and upto ₹2 crore for existing customers of SIDBI. SIDBI reserves the right to sanction lower amount depending upon assessment of repayment capacity.
  • 9.25% to 10% p.a.
  • 2 to 5 years including moratorium of 3-6 months.

Working Capital

KEY POINTS

  • Presently available for MSME, who have outstanding Term loans from SIDBI or propose to avail both TL & WC from SIDBI.
  • Option to choose banking platform from 2-3 banks
  • Seamless approvals as per customer instructions for setting DP etc.
  • Single window for term loan customer to avail working capital facilities.

Working Capital (Cash Credit)

  • Should be an eligible MSME unit.
  • SIDBI assistance shall be considered to any of the following category of customers.
  • Existing customers who are solely banking with SIDBI (including enhancement.
  • Existing customers of SIDBI (who are also banking with other banks).
  • Existing well performing units who do not enjoy WC facility with any other banks.
  • New entities, where term loan is considered by SIDBI.
  • Takeover of working capital accounts, as a part of term loan takeover, may be considered subject to compliance of takeover guidelines.
Satisfying minimum financial parameters under the scheme.
ParametersEligibility Norm
Total outside liabilities/ tangible Networth (TOL/TNW)Not to exceed 4:1
Current Ratio1.25
Interest CoverageMinimum 1.5 times
Overall Asset Coverage1.3 for existing units and 1.4 for new projects
Internal RatingAs per existing Bank’s Norms

Loans - OEM Partnership

  • One stop solution for MSMEs purchasing machines from OEMs.
  • Financial tie ups arranged at the time of placing of order with OEMs.
  • Simple Credit dispensation.
  • Quick disbursal under CGTMSE cover is proposed to be taken by MSME.

Loans Under Partnership with OEM

MSME entities should be in existence for at least 3 years having satisfactory financial position.
Investment in Plant & Machinery purchased from respective OEMs.
Generally, upto ₹ 100.00 Lakh. Higher loan amount can also be considered subject to Bank’s guidelines.
As per SMILE.
Normally upto 60 months including eligible moratorium.

SMILE Equipment Finance

KEY POINTS

  • Quicker dispensation of machinery loan through Contactless Platform.
  • Simplified application format.
  • Competitive Rate of Interest.
  • Lower Promoters’ Contribution

SMILE Equipment Finance (SEF)

MSME entities should be in existence for at least 3 years having satisfactory financial position.
Investment in Plant & Machinery/MFAs/Need based civil construction, if any
Minimum loan amount is ₹ 10.00 Lakh with a cap on maximum loan amount.
As per SMILE.
Maximum repayment period shall not be more than 72 months including moratorium.