Upgrade Your Products Or Operations, With Machinery Finance Solutions From SIDBI
Machinery Products
Testimonials
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SIDBI Supported Women Entrepreneur Aditi Talks About Overcoming The Fear Of Applying For Industrial Loans For MSMEs.
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SIDBI Supported Women Entrepreneur Mrs. Anjana Kumari Of ASKAYS Solutions Reveals How She Was Able To Grow Her Small Business Through SIDBI FinancialAssistance.
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SIDBI Supported Woman Entrepreneur Smt. Vijaya Shanthi Of SV Auto Talks About SIDBI's Assistance In Loan Processing.
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Mr. Vivek Gupta Of Kavia Engineering Explained How SIDBI Has Transformed Itself In The Last 3-5 Years By Focusing On Simplification And Automation Of Processes
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Funding From SIDBI Enabled The Enterprise To Grow And Increase Its Sales Compared To Its Foreign Competitors.
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Frequently Asked Questions (FAQs)
SIDBI's Machinery Loan facility is a form of MSME equipment finance that enables Micro, Small and Medium Enterprises (MSMEs) to acquire new machinery and equipment for setting up new unit, capacity expansion, modernisation and technology upgradation of existing units. Assistance is extended under the EXPRESS, SPEED and UDAY schemes.
- The EXPRESS scheme is a digitally assessed term loan facility targeted to existing entities with 3-year vintage, for the purchase of new machinery and equipment, with expeditious sanction.
- The SIDBI SPEED scheme is SIDBI's machinery finance scheme, targeted to existing entities with 3-year vintage for the purchase of equipment, with expeditious sanction.
- The UDAY scheme is SIDBI's machinery finance scheme targeted to new entities and existing entities having less than 3 years of vintage for purchase of new machinery and equipment, with expeditious sanction.
- EXPRESS: up to ₹ 3 crore.
- SPEED: up to ₹ 15 crore.
- UDAY: up to ₹ 50 lakh.
- EXPRESS: MSME units in operation for at least three years with mandatory GST registration.
- SPEED: MSME units in operation for at least three years with cash profit in last 3 FYs.
- UDAY: Greenfield/New MSME enterprise and existing MSME enterprise with less than 3 years of operations.
- EXPRESS / UDAY: Repayment up to 60 months.
- SPEED: Repayment up to 84 months.
A machinery purchase loan for MSMEs can be applied online. Applications are submitted through the "Apply Now" option on the SIDBI website, which opens the Bank's online loan application portal. Enterprises that need assistance in filing the application may approach nearest SIDBI Branch Office or a Referral Partner registered with SIDBI. For queries, call the toll-free number 180-022-6753 or WhatsApp +91 86930 33333.
