| SIDBI Make in India Loan for Enterprises (SMILE) |
| Organization | Small Industries Development Bank of India (SIDBI) |
| Source of funding | Government |
| Scheme | SIDBI Make in India Loan for Enterprises (SMILE) |
| Type of funding | Other |
| Funding Amount | 10 |
| Description | 10% of the project cost subject to the maximum Rs.20 lakh and 15% of the project cost, subject to the maximum of Rs.30 lakhs for enterprises promoted by SC, ST, Persons with disability and Women (controlling stake of at least 51%) |
| Range of funding | Rs 10 to Rs 25 lakh |
| Target investees | MSME |
| Note | The government provides a soft loan in the nature of quasi-equity and term loan on relatively soft terms to MSME to meet the required debt-equity ratio for the establishment of an enterprise and for pursuing opportunities for growth for existing MSMEs. |
| Purpose | The objective of the SIDBI Make in India Loan for Enterprises (SMILE) scheme is to support new & existing MSMEs for purchasing growth opportunities
This major new National program is designed to facilitate foster innovation, investment, protect intellectual property, enhance skill development and build best-in-class manufacturing infrastructure for MSMEs by providing financial support to meet the required debt-equity ratio for the formation of an enterprise |
| Focus area | Multiple focus areas |
| Provides Funds For | A, B, C, D, |
| Scheme Type | Ongoing scheme |
| Recommended scheme | |
| Scheme status | Live scheme |
| More detail.. | Link |
