Finance to Start-ups (MSME UDAAN) MSME UDAAN
SBI loans for DPIIT-recognised start-ups registered on Udyam and backed by a recognised incubator, accelerator or investor, up to ₹50 crore.
Last updated on
- Status
- Open
- Run by
- State Bank of India
What you get
- Term loan and working capital up to ₹50 crore
- Covers prototype and app building, hiring, legal costs, raw materials, equipment, licences, marketing and office space
- Repayment over up to 120 months, including moratorium
- No margin for loans up to ₹10 lakh
- Loans up to ₹50 lakh are covered under CGTMSE or the credit guarantee scheme for start-ups. If that cover is not available, at least 25% collateral is needed
- No inspection, commitment or prepayment charges
Who can apply
- Micro, small and medium enterprises.
- The most on offer is ₹50 crore.
- Udyam registration is needed. It is free.
- Recognised as a start-up by DPIIT, Government of India
- Private or public limited company, registered partnership or LLP
- Up to 10 years from incorporation, with turnover never above ₹100 crore in a year
- Support from a recognised incubator, accelerator or investor
- Proof of concept in place and the owners' equity fully tied up
- Loans above ₹50 lakh also need investment from an alternative investment fund
- Personal guarantee of all promoters
How to apply
- Use Apply Now on SBI's Other Business Loans page to send your details, or visit a branch
In person, nearest SBI branch
In Kerala, through an SBI branch in Kerala, or the Apply Now form on SBI's website
Figures you may see elsewhere
The same SBI page says processing charges are nil in one section and as per the bank's guidelines in another
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.