Ministry of Finance
SIDBI SMILE (SIDBI Make in India Loan for Enterprises) is a direct loan scheme by SIDBI (Small Industries Development Bank of India) that provides soft loans and term loans to Micro, Small and Medium Enterprises engaged in manufacturing and services. The scheme supports new as well as existing enterprises with concessional interest rates, lower collateral norms, and extended repayment periods. Loan amounts range from ₹10 lakh to ₹25 crore, making it suitable for equipment purchase, capacity expansion, and working capital needs. The scheme specifically targets the Make in India initiative by promoting domestic manufacturing and service sector growth among MSMEs.
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Prepare Business Plan
Prepare a detailed project report (DPR) or business plan including financials, projected turnover, and loan requirement.
Visit SIDBI Branch / Apply Online
Visit the nearest SIDBI branch or apply through the SIDBI online portal at www.sidbi.in with required documents.
Submit Application
Submit the loan application form along with Udyam certificate, KYC documents, financial statements, and project report.
Credit Appraisal
SIDBI will conduct due diligence and credit appraisal of the enterprise and the proposed project.
Loan Sanction & Disbursement
Upon approval, the loan is sanctioned and disbursed directly to the enterprise bank account after execution of loan agreement.