Key features & Incentives
- Financial incentive to units maintaining satisfactory repayment track record with SIDBI
- 50% of the credit guarantee fee to be borne by SIDBI
- Lower processing fees
- Nil prepayment charges
- Lower promoter contribution
- Quick sanction and disbursement
- Eligibility
- MSMEs as per MSMED Act
- MSMEs promoted by women entrepreneurs with minimum 51% stake
- Standard Scheme Norms apply (CIBIL / CMR, due diligence checks etc.)
- Should not be in default to any bank/FI.
- Loan Amount
- Minimum – Rs. 25 lakh
- Maximum - Rs. 300 lakh
- Interest Rate
- Interest Rate-MCLR based ROI as per internal rating