SPEED (SIDBI Machinery Loan) SIDBI SPEED
A SIDBI term loan for profitable MSMEs with at least three years in business to buy equipment, with quick sanction.
Last updated on
- Status
- Open
- Run by
- Small Industries Development Bank of India (SIDBI)
What you get
- Up to ₹15 crore for equipment
- Repay over up to 84 months
- Quick sanction
Who can apply
- Businesses that are already running.
- Micro, small and medium enterprises.
- The most on offer is ₹15 crore.
- In operation for at least 3 years
- Cash profit in each of the last 3 financial years
How to apply
- Choose Apply Now on the machinery loan 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, online, or through SIDBI branch offices in Kochi, Palakkad and Thiruvananthapuram or a SIDBI registered referral partner
Figures you may see elsewhere
Older finance aggregator sites still give SPEED a much lower cap, around ₹1 crore for new and ₹2 crore for existing customers. SIDBI's own page on 5 Nov 2026 says up to ₹15 crore.
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 Seen something out of date?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.