MSME Retails / Wholesalers (including stockists, super-stockists, distributors, dealers, organized retailers including supermarkets, malls, departmental stores, retail chains, etc.) in existence for at least 3 years having satisfactory financial position. Drop in sales turnover, if any, should not exceed 10% year-on-year in the last 2 years.
Any business related expenditure i.e. Working capital requirement and need based capital expenditure (including renovation of existing owned shops), if any (excluding non-business related commodity trading of metals, gems & jewellery, etc).
- Minimum `10 lakh and maximum `1 crore. The assistance shall be need based.
- Further, the total assistance from SIDBI for working capital and capex should not exceed maximum ceiling of `1 crore.
SIDBI offers attractive interest rate on this product.
Repayment period would depend upon cash flow and size of the business subject to maximum repayment period of 60 months including moratorium.