Products

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 upto 6 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% Standard Norms 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 sectors and 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
Standard Norms 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 - upto 60 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, 2022 or till notification by NCGTC whichever is earlier.

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)

Application form is enclosed

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)

Application form is enclosed

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

Application form is enclosed

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.

SPEED Loan Application

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.

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.

Parameters	Eligibility Norm
Total outside liabilities/ tangible Networth (TOL/TNW)	Not to exceed 4:1
Current Ratio	1.25
Interest Coverage	Minimum 1.5 times
Overall Asset Coverage	1.3 for existing units and 1.4 for new projects
Internal Rating	As per existing Bank’s Norms