Schemes

Ministry/Department	SIDBI
Scheme Name	SIDBI Assistance to facilitate emergency response against Corona Virus (SAFEPLUS)
Component	Credit
Sub Component
Applicant	• For New to Bank customer – At least two years of cash profits and account not in SMA1/2 category • For existing Bank customer – Cash profit in last audited balance sheet and account not in SMA1/2 category
Quantum of Assistance (in Brief)	Eligible Expenditure-To meet emergency/additional working capital requirement of all existing MSMEs having confirmed order(s) from Central/State Govt./Govt. agencies nominated for the purpose and who are manufacturing any products or providing any services directly related to fighting Corona Virus (Covid-19) Loan amount- Maximum upto Rs.100 Lakh (linked to turnover of the unit. Interest Rate -5% p.a. fixed on reducing balance basis
Link for Detail	https://www.investindia.gov.in/bip/resources/sidbi-assistance-facilitate-emergency-response-against-coronavirus-0#:~:text=To%20help%20support%20the%20effort,SAFE%20scheme)%20and%20SAFE%20Plus.

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