• 9863020202    
  • contact@financeseva.in

AROG SIDBI Assistance to MSMEs for Recovery & Organic Growth during COVID 19 pandemic @ 5.50% - 6% p.a

Target Customer / Purpose 

Micro, Small & Medium Enterprises engaged in manufacturing of products or providing services which are directly related to fighting corona virus , such as Pulse Oximeters, Permitted drugs ( Remdesivir, Fabiflu, Dexamethasone, Azithromycin , Zincovit, Limcee, Ivermectin, Paradip, Azax, Betadine, etc. Ventilators, PPEs, Inhalation Masks, IV Fluid – DNS / Dextrose, IV Sets, IV Cannula, ICU Beds, Cardiac, Monitors, Syringe pumps, Portable, X-ray machines, Endotracheal tube, Suction tube, etc. 

                                                                             

 

Eligibility 

  • Existing Customers – Cash profit in last audited balance sheet ( i.e FY2020)
  • New Customer to SIDBI – Cash profit in last two years
  • Satisfactory credit track record with existing Bankers / FIs

 

Application  

  • One page application
  • Standard KYC Checks and due diligence
  • Sanction within 48 hours post receipt of mandatory information

 

Key Attraction  

  • Upto 100% Finance – Very Low Collateral Option
  • Nil Processing fee – Attractive Interest Rates
  • Credit Guarantee option is also available (Charges to be borne by SIDBI)

 

Loan Amount & Interest Rate 

  • Term Loan for purchase of equipment/machines
  • Working Capital Term Loan for purchase of raw material of executing confirmed orders
  • Maximum – 200 Lakh
  • ROI – 5.50% - 6% p.a 

 

Other Aspects 

  • Repayment Period
  1. Term Loan – upto 60 Months
  2. WCTL – upto 18 Months
  • Moratorium upto 12 Months Included

 

Documentation / Disbursement 

  • Simple Loan Documentation
  • Direct Payment to supplier for purchase of equipment/machinery / MFAs and raw material

CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

Read More
CA Vikas Jain

CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

Read More

If you want me & my team at financeseva to help you in getting Best Financial Services, Just Book a Free Call