STEP (Term Loan to Enhance Production of MSMEs) SIDBI STEP
A SIDBI working capital loan given as a term loan, to strengthen an MSME's working capital or carry out urgent confirmed orders.
Last updated on
- Status
- Open
- Run by
- Small Industries Development Bank of India (SIDBI)
What you get
- Up to ₹3 crore for existing SIDBI customers and up to ₹2 crore for new customers
- Repay over up to 3 years
- Can fund urgent confirmed orders
Who can apply
- Businesses that are already running.
- Micro, small and medium enterprises.
- The most on offer is ₹3 crore.
- In operation for at least 3 years if new to SIDBI, or 2 years for existing SIDBI customers
How to apply
- Choose Apply Now on the working capital 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
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 Seen something out of date?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.