SIDBI is the Government organization. Small Industrial Development Bank of India is established to support the MSMEs of INDIA. The core objective of SIDBI is to provide growth and accelerate the MSME eco system by providing regular fund flow to industries.
Sidbi through its unique positioning and lucrative product offering has become the key lender/banker for MSMEs. In last few years SIDBI has launched very innovative products and became the key growth partner for the MSME segment. SIDBI has not only been instrumental in routine offering, but has also been very helpful in difficult times. During COVID, SIDBI has come up with schemes related to Covid relief.
To know more about SIDBI schemes, please apply.
Few very popular schemes operated by SIDBI are as below :
-
Speed :
Focused Machine Loan scheme for specified sector. SIDBI has tied up with various machine manufacturers and started offering Machinery Loan upto 100% of machine cost with very low interest rate. -
Sthapan :
Scheme launched for new entrepreneurs where loan if offered to new entrepreneurs. These loans are specifically for new industry set up. SIDBI offers these loans with low capital infusion and lo margin. Rate of interest is also very low to promote entrepreneurship and create jobs to masses. -
Arogya/Swas :
Scheme launched during COVID time to support units which are linked with Covid treatment Related products. Scheme was offered at concessional interest rate. -
Multiple Schemes :
There are many other schemes also operated by sidbi to support females, Micro units, Engineering units and other sectors. Schemes like ARISE, EXPRESS, ARJANA, SAATH and Ubharte Sitare is few of them.
SIDBI has been very popular amongst MSME and through their practical approach, they have been the first choice for everyone. Finance Factory has very deep rooted relations with SIDBI and has good portfolio of customers who enjoy the benefits of SIDBI.
