Eligible Expenditure
- 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 into an MoU
- Proposed machinery should relate to same line of business
- 2nd hand/refurbished machines are not eligible
Assistance
Upto 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