Enhance Business Momentum With Working Capital Finance
Working Capital
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Frequently Asked Questions (FAQs)
SIDBI's Working Capital facility provides MSME working capital finance, enabling Micro, Small and Medium Enterprises (MSMEs) to manage day-to-day cash flow and fund operating needs. Assistance is extended under the Working Capital (Cash Credit), DIGICash (Cash Credit and Overdraft) and STEP schemes.
- The Working Capital scheme is a cash credit facility for MSMEs.
- The DIGICash scheme is a digital working capital solution for MSMEs offering both cash credit and overdraft facilities.
- The SIDBI STEP scheme (Term Loan to Enhance Production of MSMEs) is a working capital loan for MSMEs, offered as a term loan, to augment net working capital and/or execute urgent confirmed orders.
- Working Capital: limits are need-based, as assessed by the Bank.
- DIGICash: up to ₹5 crore.
- STEP: up to ₹3 crore for existing customers and up to ₹2 crore for new customers.
- Working Capital: both new and existing MSMEs with valid Udyam Registration, with a satisfactory credit history and no defaults to any bank or financial institution, are eligible to apply.
- DIGICash: MSME units in operation for at least 2 years.
- STEP: MSME units in operation for at least 3 years in case of new customers and 2 years for existing customers.
- Working Capital / DIGICash: on demand.
- STEP: repayment period up to 3 years.
A SIDBI working capital loan 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.
