images

24 Aug 2023

Working Capital (CASH CREDIT)

Eligibility

 

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.

• 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.

 

Quantum of Assistance

 

• 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.