Consultancy with preparation of Detail Project Report at Rs. 10,000 GST Extra
SIDBI Assistance to facilitate Emergency funding MSME against COVID – 19
To facilitate MSMEs to manufacture goods and services provide related to fight against COVID-19
Getting term loan or working capital according to need of customer business need.
Goods including production of masks, medicines, sanitizers, body suits (PPE kit), ventilators etc.
Services providing like healthcare, nursing homes, testing labs, mask factory etc.
It’s a fast track loan scheme. Quick sanction within 48 hours as standard of SIDBI
Two categories of scheme viz; SAFE and SAFE PLUS
Lowest rate of interest is only 5% p.a. with lowest margin
| Scheme by SIDBI | SAFE | SAFE PLUS |
|---|---|---|
| Objective | To facilitate as term loan or working capital for MSMEs who are involved in manufacturing goods and providing services which are related fight against corona virus | To facilitate emergency working capital term loan for MSME who has government orders related to fight against corona virus. |
| Rate of Interest | @ 5.00% on reducing balance basis(Term Loan) | @ 5.00% |
| Tenure | For Term Loan: 5 years i.e. 60 months including moratorium period For Working Capital: 12 months |
For working capital it will be 4 month receivable cycle |
| Security | For Existing Customers: Extension of existing security For New Customers: Credit guarantee has to given by new customer |
For Existing Customers: Extension of Charge of existing security For New Customers: Either ESCROW arrangement for receivables of specific government orders or can do power of Attorney in favour of SIDBI |
| Valid Upto | September 2020 | September 2020 |
Ask us anything, we would definitely answer!
The existing and new customers are welcomed in this scheme. The MSME enterprises who are going to manufacture goods and provide services related to fight against COVID-19.
All goods and services are included in this scheme which has use as a protection against corona virus. The goods are like production of specific medicines, masks, sanitizers, body suits, gloves, shoe cover, ventilators, ICU beds, PPE kits etc. And services which are providing like healthcare, nursing homes, clinics, testing labs etc. which are serving against this fight.
For existing customers of SIDBI, atleastlast two years there has been cash profit in audited balance sheet and account not in SMA1/2 category in terms of credit ratings.
For new customers of SIDBI, atleast two years of cash profit and account not in SMA1/2 category in terms of credit ratings.
The founders of Docs Planner have more than 15 years of experience in funding like, Industry Loans, Home Loans, MSME loans, non fund based loans. More than 400 companies got business loan with the help of these founders. Docs Planner has team of professionals including Chartered accountant, Company Secretary, MBA in Finance and corporate Lawyers. With huge experience and professional team can handle all loan process easily and can also scrutinise errors and doubts which rise during the loan process.