Direct Credit Schemes (Medium Sector Enterprises (MSE) and Service sector units with project cost above Rs.25 crore and upto Rs.250 crore)

Organisation

Small Industries Development Bank of India (SIDBI)

Objective

To provide Financial assistance to SSI & medium sized units.

Eligibility

New or existing medium sector enterprises; and Service sector units with an overall project cost above Rs.25 crore and upto Rs.250 crore with Bank's assistance not exceeding Rs. 50 crore. The unit should generally be a private limited / public limited company.

Brief

Term loan and other forms of assistance such as Working Capital Term Loan, suppliers' & purchasers' bills discounting. Investment products such as debentures, optionally convertible cumulative preference shares, zero coupon bonds, etc. in Rupee or foreign currency.