Organisation
Small Industries Development Bank of India (SIDBI)Objective
To enable SSI / SME / Eligible Service sector units (including construction / small road transport operators) selling components, parts, sub-assemblies, services, etc. to Medium & Large scale units realise their sale proceeds quickly.Eligibility
Limits are sanctioned by SIDBI to well established industrial units using components / parts / sub-assemblies / accessories / services manufactured / provided by by SSI / SME / Eligible Service sector units. Either seller or Purchaser need to qualify as SSI / SME / Service Sector unit.Brief
Unexpired usance - Not more than 90 days; Facility without bills of exchange / LC backed receivables can also be considered on the basis of merit.
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