The Small Industries Development Bank of India (SIDBI) will facilitate Micro, Small and Medium Enterprises (MSMEs) with emergency working capital of up to Rs 1 crore against their confirmed government orders. The SIDBI’s new loan product i.e. SIDBI Assistance to Facilitate Emergency response against Coronavirus (SAFE) plus will be provided collateral free and disbursed within 48 hours at an interest rate of 5%.
Click Here To Get Test Series For SBI PO 2020
Along with the above measures, SIDBI has also increased the loan limit for MSMEs from Rs 50 lakh to Rs 2 crore under the SAFE plus initiative. The scheme was launched by SIDBI to provide financial assistance to MSMEs that are engaged in the manufacturing of range of products such as hand sanitizers, shoe-covers, ventilators, head gear, bodysuits, masks, gloves and goggles used in dealing with COVID-19.
Under its flagship scheme called SIDBI Make in India Soft Loan Fund for Micro Small and Medium Enterprises (Smile), SEBI has opened an additional financial window for the healthcare sector.
Important takeaways for all competitive exams:
In Uttar Pradesh, certain areas are recognized by specific regional names that highlight their historical,…
Haryana is a state in northern India known for its rich history and industrial growth.…
The NITI Aayog has recommended adding coking coal to India's critical minerals list, emphasizing its…
UK Prime Minister Keir Starmer announced the resumption of Free Trade Agreement (FTA) negotiations with…
COP29 marked a significant milestone in global efforts to address climate change within the tourism…
Bali is home to a rich cultural heritage that blends Hindu philosophy, local animist traditions,…