Direct Credit Scheme (Project Funding) SIDBI Project Loan
SIDBI's own project loan for MSMEs setting up a new unit, expanding or modernising, lent directly rather than through a bank.
Last updated on
- Status
- Open
- Run by
- Small Industries Development Bank of India (SIDBI)
What you get
- Loans up to ₹100 crore
- Finances up to 75% of project cost for existing units and up to 67% for new units
- Repayment period set to suit the project
Who can apply
- Micro, small and medium enterprises.
- The most on offer is ₹100 crore.
- Udyam registration is needed. It is free.
- Satisfactory credit history with no defaults to any bank or financial institution
How to apply
- Choose Apply Now on the product page to open SIDBI's online loan application portal
- If you need help filling it in, go to the nearest SIDBI branch office or a SIDBI registered referral partner
In person, SIDBI branch office in Kochi, Palakkad or Thiruvananthapuram, or a SIDBI registered referral partner. Toll free 180-022-6753
In Kerala, SIDBI branch offices in Kochi, Palakkad and Thiruvananthapuram, a SIDBI registered referral partner, or online
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 Seen something out of date?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.