For New to Bank (NTB)- Machinery purchased from the OEMs with whom SIDBI has an MoU. Present list of 8 OEMs is as under: Lokesh Machines Ltd., Jyoti CNC Automation Ltd, Milacron India Pvt Ltd, ACE Designers Ltd, ACE Manufacturing Systems Ltd., Bharat Fritz Werner (BfW), HURCO India Pvt Ltd., Batliboi Ltd. For Existing Customer- Any OEM
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.1 crore for New to Bank (NTB) customers and up to Rs.2 crore for existing customers of SIDBI. SIDBI reserves the right to sanction lower amount depending upon assessment of repayment capacity
Tenure
2 to 5 years including moratorium of 3-6 months.
Subsidy
To whom / eligible ?
To whom?
Eligibility
MSME units with at least 3 years operations with stable sales and cash profits in immediate past 2 years
