Direct Credit Schemes (SSIs & Service sector units with project cost upto Rs.25 crore)

Organisation

Small Industries Development Bank of India (SIDBI)

Objective

To provide Financial assistance to SSI & medium sized units.

Eligibility

New or existing SSI units; SSI unit graduating to medium scale; and Service sector units with an overall project cost not exceeding Rs.25 crore. The unit should generally be a private limited / public limited company. However, partnership firms, sole proprietorship concerns and Societies and Trusts would also be considered on a case to case basis.

Brief

Term loan and other forms of assistance such as Working Capital Term Loan and bills discounting (on selective basis) in Rupee or foreign currency.