Language:English

Schemes

Top up loan for immediate purposes (TULIP)
Ministry/Department SIDBI
Scheme Name Top up loan for immediate purposes (TULIP)
Component Credit
Sub Component
Applicant • At least 1-year association with SIDBI with satisfactory track record • Expansion in same line of business at same location • Cash profit in last FY
Quantum of Assistance (in Brief)

Eligible Expenditure

  • Purchase of machinery/equipment Need based civil construction/renovation Acquisition of DG set/other MFAs (including testing equipment, dies & moulds etc.)

Margin money for working capital (MMWC) To execute sudden/specific/bulk orders which are self-liquidating nature and are against a min. BBB rated counter party or a state/central government department counter party with a track record in making timely payments

 

Assistance

 

  •  30% of existing exposure or 20% of net sales subject to Max Rs.2 Crore
  •  Max. 5 years (including moratorium of up to 6 months)
Link for Detail https://sidbi.in/en/products