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:
Milk, a fundamental source of nutrition and culinary inspiration, binds diverse societies worldwide through its…
Oxford Bookstores announced Bhavi Mehta as the winner of the 9th edition of the Oxford…
Shaikh Abdussalam Abdurrazzaq, the renowned Urdu litterateur and academician, popularly known by his pseudonym Salam…
In recent years, India has witnessed a significant surge in its honey production, emerging as…
Amidst the aftermath of ethnic strife and severe hailstorms, Manipur's government introduces the "School on…
Subodh Kumar (IAS), a 2010-batch Indian Administrative Service officer of Tamil Nadu cadre, has been…