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  3. SIDBI SMILE — Make in India Soft Loan Fund for MSMEs
Open to startups registered in India

SIDBI SMILE — Make in India Soft Loan Fund for MSMEs

Small Industries Development Bank of India (SIDBI)

About This Scheme

Below-market soft loans from ₹10 lakh for MSMEs in manufacturing and services

Soft loans (quasi-equity, below-market interest) to new and existing MSMEs in manufacturing and select service sectors. Loan size: ₹10 lakh upward; repayment tenure up to 10 years including a moratorium of up to 3 years. Higher focus on new enterprises or those without a bank credit track record.

Benefits

  • Soft loans starting from ₹10 lakh at below-market interest rates, repayable over up to 10 years with a moratorium of up to 3 years.
  • No equity is taken — the loan is purely debt-based quasi-equity structured to support MSMEs that lack a formal bank credit track record.
  • Beyond the financial support, SIDBI's backing can improve the enterprise's creditworthiness for future bank borrowings.

How to Apply

Rolling basis

Quick Info

Amount / Funding
From ₹10 Lakhs
State / Region
Open to startups registered in India
Ministry / Dept
Small Industries Development Bank of India (SIDBI)
Tags
DebtEquity-freeRepayable