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SIDBI Make in India Soft Loan Fund for Micro, Small & Medium Enterprises (SMILE)

Objective :

  • The objective of the Scheme is to provide soft loan, in the nature of quasi-equity and term loan on relatively soft terms to MSMEs to meet the required debt-equity ratio for establishment of an MSME as also for pursuing opportunities for growth for existing MSMEs.

Target MSME Sectors:

  • Focus will be on all the identified 25 Make in India sectors as indicated below or other sectors as may be added, in the Make In India Programme.
  • Make in India’ Sectors
Automobiles Automobile Components
Aviation Biotechnology
Chemicals Construction
Defence Manufacturing Electrical machinery
Electronic systems Food Processing
IT and BPM Leather
Media and entertainment Mining
Oil and Gas Pharmaceuticals
Ports Railways
Renewable Energy Roads and Highways
Space Textile and Garments
Thermal Power Tourism and Hospitality

Eligible Enterprises :

  • Emphasis will be on covering new enterprises in the manufacturing as well as services sector.
  • Existing enterprises undertaking expansion, to take advantage of new emerging opportunities, as also undertaking modernization, technology upgradation or other projects for growing their business will also be covered.
  • Loans extended under the scheme cannot be used for repayment of earlier loans.


( e-brochure SMILE )

How to Apply:

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