SIDBI Make in India Soft Loan (SMILE)
Soft term loans for manufacturing MSMEs under Make in India
Amount Range
₹25 Lakh - ₹10 Crore
Timeline
30-45 days
Interest Rate
9% - 11% p.a.
Overview
SIDBI Make in India Soft Loan Fund for Enterprises (SMILE) provides softer term loans to MSMEs engaged in manufacturing activities to support the Make in India initiative.
Official source: sidbi.inKey Benefits
Competitive interest rates
Long repayment tenure up to 10 years
Moratorium period available
Quick processing
Eligibility Criteria
Business Types
Sole ProprietorPartnershipPvt Ltd
Categories
GENERALWOMENSC/STMINORITY
Purposes
EquipmentExpansionWorking Capital
Required Documents
Business Registration
GST Registration
Bank Statements (24 months)
ITR (3 years)
Project Report
Frequently Asked Questions
Manufacturing units in sectors like electronics, auto components, pharmaceuticals, textiles, and other priority manufacturing sectors are eligible.
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