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Small Industries Development Bank of India (SIDBI) has launched scheme called SAFE and SMILE Schemes. SAFE and SMILE Schemes are for Micro, Small and Medium scale businesses which includes medical/healthcare products manufacturer. All such SMBs manufacturing mask, hand sanitizers, head gear, gloves, bodysuits, protective gowns, aprons, goggles, ventilators, labs will get financial assistance under the scheme. The scheme will strengthen the fight against COVID-19 pandemic.
| Scheme: | SAFE and SMILE Schemes |
| Benefits: | Business loan: upto Rs.50 lakh |
| Beneficiaries: | Micro, Small and Medium Enterprises |
| Launched By: | Small Industries Development Bank of India (SIDBI) |
| Apply for Loan: | CLICK HERE |
| Helpline Numbers: | 8080345526, 9899994956, 9560579925 |
| Helpline Email: | ccg@sidbi.in |
Benefits:
- Business loan: upto Rs.50 lakh
- Loan at lower Interest rate of 5% per year
- No processing fees
Eligibility Criteria:
- Scheme is applicable for Micro, Small and Medium Enterprises who manufacturer as well as provide services to fight COVID-19 pandemic
Loan can be utilize as working capital or equipment/material purchase
