SIDBI Subsidy

Brief about the product

The Small Industries Development Bank of India (SIDBI), set up on 2nd April 1990 under an Act of Indian Parliament is basically the Principal Financial Institution responsible for the promotion, financing and development of the micro, small and medium enterprise (MSME) sector. It also looks after the coordination of the institution’s functions that are engaged in relevant activities. SIDBI loans for business domains comprising of micro, small and medium enterprises (MSMEs) significantly contribute to the economy of the nation with regard to production, employment and exports.

EFL being one of the oldest trusted partners of SIDBI, with almost eight years of association, provides SIDBI subsidy for machinery purchase to MSMEs under the CLCSS arrangement. MSMEs can avail of the benefit of the subsidy for machinery loans and for acquiring any new assets classified as eligible under the scheme. So far, EFL has supported SIDBI with the highest number of Machinery Loan cases under the CLSCC scheme wherein over 1,000 customers have been served under this scheme without a single default.

With the SIDBI subsidy loan for machinery, now concentrate on the growth of your business while EFL takes care of your finance issues.

Benefits to the customer

SIDBI Scheme -Benefits
  • 15% subsidy on machinery cost
  • Loan facilitation
  • Finance for up-gradation / modernization
  • Finance in 7* days
  • Easy documentation
  • Flexible schemes
  • LC opening facility for imported machines
  • Machine as Collateral