Successfully reported this slideshow.
Your SlideShare is downloading. ×

S&A knowledge series - Financial assistance to MSME

Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Loading in …3
×

Check these out next

1 of 3 Ad

S&A knowledge series - Financial assistance to MSME

Download to read offline

SIDBI Assistance to Facilitate Emergency response against coronavirus
SIDBI Assistance to Facilitate Emergency response against coronavirus Plus
Technology Development Board- Proposal for Fighting Covid-19

SIDBI Assistance to Facilitate Emergency response against coronavirus
SIDBI Assistance to Facilitate Emergency response against coronavirus Plus
Technology Development Board- Proposal for Fighting Covid-19

Advertisement
Advertisement

More Related Content

Similar to S&A knowledge series - Financial assistance to MSME (20)

Advertisement

More from Dhruv Seth (20)

Recently uploaded (20)

Advertisement

S&A knowledge series - Financial assistance to MSME

  1. 1. P a g e | 1 Financial Assistance to MSME in the war against COVID-19 <<<<<< S&A Knowledge Series Prepared by Sarim Saleheen Lari Manager (Advisory) Reviewed by CA Ravi Kant Partner (Finance and Business Solutions) www.sethspro.com info@sethspro.com New Delhi | Lucknow | Coimbatore `
  2. 2. P a g e | 2 The country is facing an unprecedented challenge with communities and economies everywhere affected by the growing COVID-19 pandemic. The country is coming together to combat the COVID-19 pandemic bringing governments, organizations from across industries and sectors and individuals together to help respond to this global outbreak. To Facilitate Emergency response against coronavirus, Small Industries Development Bank of India (SIDBI), and Technology Development Board (TDB) has come with various schemes to assistance and support MSMEs manufacturing products or providing services related to fighting the Coronavirus 1. SIDBI Assistance to Facilitate Emergency response against coronavirus (SAFE scheme) Particular Details Objective To provide financial support to all MSMEs who are manufacturing any products or providing any services which are related to fighting corona virus Purpose 1. To purchase any equipment for manufacturing/service 2. To purchase raw material for production Loan Amount & Instrument Up to 50 Lakhs in the form of Term Loan or Working Capital loan. Key Features 1. Loan within 48 hours 2. Interest rate: 5% per annum 3. No Promoters contribution 4. No processing fee, No repayment charges Repayment 1. Term Loan: Up to 5 years including 1-year moratorium 2. WCTL: Normally 12 months including maximum 3 months’ moratorium 2. SIDBI Assistance to Facilitate Emergency response against coronavirus Plus (SAFE Plus scheme) Particular Details Objective To provide emergency working capital to MSMEs which are producing goods and services directly related to fighting COVID-19 Purpose To meet additional working capital requirement for production/service Loan Amount & Instrument Up to 100Lakhs in the form of Working Capital loan Key Features 1. Loan within 48 hours 2. Interest rate: 5% reducing balance 3. No processing fee, No repayment charges Repayment Repayable over a 4-month cycle based on execution schedule of government orders.
  3. 3. P a g e | 3 3. Technology Development Board- Proposal for Fighting Covid-19 Particular Details Objective To provide financial assistance to Indian companies and enterprises that address protection and home base respiratory intervention for COVID-19 Support Technological innovative solution towards- Low cost masks, cost effective thermal scanning, large area sanitization and sterilization, bioinformatics and surveillance. Low cost oxygenators and ventilators, or any other related technology Financial Assistance The Board provides financial assistance by means of soft loans (up to 50% of project cost @ 5% simple interest per annum), Equity participation (up to a maximum of 25% of the project cost) or grant in exceptional cases Evaluation The proposals will be evaluated on the basis of scientific, technical, commercial and financials merits. Validity Submit the proposal on or before 30April, 2020. Seth & Associates was established in 1975 and since then it has been providing unparalleled value addition to its client. We are a firm with diverse and rich exposure in various fields. All our partners are full time active working partners looking into specific sector domains such as Corporate Law, Direct Tax, Indirect Taxes, Raising Capital (Bank and Equity), Business Advisory solutions, Forensic and Information Technology audit and many other core sectors relevant to overall growth of the clients. The information herein contained is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is very accurate and considers the latest amendment in laws which are very frequent. The above is purely for academic reading and general awareness of the law. No one should act on this information without appropriate professional guidance which requires a thorough examination of a particular situation. This content is owned by Seth & Associates, Chartered Accountants and is not be reproduced without our explicit permission. www.sethspro.com | info@sethspro.com New Delhi | Lucknow | Coimbatore

×