Machinery purchased from identified OEMs manufacturing high end machines or authorised dealers / Indian subsidiaries of such foreign OEMs, which have strong brand reputation and with whom SIDBI has entered an MoU
Proposed machinery should relate to same line of business
2nd hand/ refurbished machines are not eligible
Assistance
Up to 100% of the machinery cost subject to maximum of Rs.2 crore for New to SIDBI customers (based on 20% – 30% FD) and up to Rs.3 crore for existing customers of SIDBI (based on 15% -30% FD)
Tenure
2 to 5 years including moratorium of 3-6 months
Subsidy
To whom / eligible ?
To whom?
Eligibility
MSME units with at least 5 years operations with stable sales and cash profits in immediate past 3 years
Minimum net sales of Rs.5 crore and no operating loss in immediate past two years
