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Reports name /title Funding scheme detail
Report was generated on 24 Jul 2024 (Date based on PCT time)
Report url http://funding.venturecenter.co.in/viewrecord.php?srn=BI20221216033553
Description & notes (A) - Technology Development Funds; (B) - Patent Protection Funds; (C) - Technology In-Licensing Funds; (D) - Technology Scale-up/ Validation / De-risking Funds; (E) - Market Entry Funds; (F) - Expansion Funds;
SIDBI Make in India Loan for Enterprises (SMILE)
OrganizationSmall Industries Development Bank of India (SIDBI)
Source of fundingGovernment
SchemeSIDBI Make in India Loan for Enterprises (SMILE)
Type of fundingOther
Funding Amount10
Description10% of the project cost subject to the maximum Rs.20 lakh and 15% of the project cost, subject to the maximum of Rs.30 lakhs for enterprises promoted by SC, ST, Persons with disability and Women (controlling stake of at least 51%)
Range of fundingRs 10 to Rs 25 lakh
Target investeesMSME
NoteThe government provides a soft loan in the nature of quasi-equity and term loan on relatively soft terms to MSME to meet the required debt-equity ratio for the establishment of an enterprise and for pursuing opportunities for growth for existing MSMEs.
PurposeThe objective of the SIDBI Make in India Loan for Enterprises (SMILE) scheme is to support new & existing MSMEs for purchasing growth opportunities This major new National program is designed to facilitate foster innovation, investment, protect intellectual property, enhance skill development and build best-in-class manufacturing infrastructure for MSMEs by providing financial support to meet the required debt-equity ratio for the formation of an enterprise
Focus areaMultiple focus areas
Provides Funds For A, B, C, D,
Scheme TypeOngoing scheme
Recommended scheme
Scheme statusLive scheme
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