SME Smart Score Smart Score
An SBI loan above ₹10 lakh up to ₹50 lakh for MSMEs in manufacturing, trading and services, decided on a simple score and covered by CGTMSE.
Last updated on
- Status
- Open
- Run by
- State Bank of India
What you get
- Above ₹10 lakh up to ₹50 lakh
- Dropline overdraft, cash credit or term loan, or a mix
- For any business need, including buying fixed assets
- Covered under CGTMSE, so no collateral is scored
- Term loan or dropline overdraft up to 7 years, including up to 6 months moratorium
- Margin of 20% for working capital and 33% for term loans
Who can apply
- Open to businesses in manufacturing, services and trading.
- Micro, small and medium enterprises.
- Age 18 to 65.
- The most on offer is ₹50 lakh.
- Udyam registration is needed. It is free.
- Proprietorship, partnership firm or closely held private or public limited company
- Chief promoter aged 18 to 65
- Satisfactory commercial and personal credit reports
- Overall score of at least 60%, with at least 50% in each part
How to apply
- Use Apply Now on the page to send your details to SBI through its online form, or visit a branch
In person, nearest SBI branch
In Kerala, any SBI branch in Kerala, or the Apply Now form on SBI's website
Documents to keep ready
- PAN
- Udyam Registration Number
- GST registration, if applicable
Where we found this
- SME Smart Score (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 Seen something out of date?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.