SME Digi Sugam Digi Sugam

What you get

• Loan from ₹1 lakh to ₹50 lakh
• Limit is 25% of turnover over the last 12 months, taking the lowest of GST sales, credits into the bank account and the next 12 months projection
• Dropline overdraft repaid over 36 months
• A top-up can be considered after 12 months if the account has been run well
• No prepayment charge for micro and small enterprises

Who can apply

• Businesses that are already running.
• Micro, small and medium enterprises.
• The most on offer is ₹50 lakh.
• Udyam registration is needed. It is free.
• Individual or proprietorship only
• Business running for at least 2 years, with at least 2 years of GST data
• Must already hold a current account with SBI or another bank
• No working capital limit from any lender, including SBI
• Satisfactory credit report, with no write-off or settlement in the last 2 years

How to apply

1. Keep your Udyam, PAN and GST numbers ready
2. Your GST data and bank statements are fetched through an account aggregator, or statements from other banks are uploaded in YONO Business

In person, nearest SBI branch. Requests above ₹50 lakh go through the branch.

In Kerala, Digital journey for proprietors in Kerala, with larger cases handled at an SBI branch

Documents to keep ready

• Udyam registration
• PAN
• GST number
• Income tax returns for at least 2 years
• Bank account statements
• GST data for more than 24 months

Where we found this

• SME Digi Sugam (external site) Official
• SBI Digital Loans (external site) Official

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 Seen something out of date?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.

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