Growth Capital and Equity Assistance Scheme for small and medium businesses


Ministry

Ministry Of Finance

Description

The scheme provides adequate capital to meet growth aspirations of MSMEs and helps existing small and medium businesses to make investments in marketing, brand building, the creation of distribution network, technical know-how, R&D, software purchase, etc.

Sponsored By

Central Government of India

Objective

Providing capital to MSMEs to invest in marketing, brand building, creation of distribution network, know-how, R&D, etc.

Eligibility

Existing small and medium businesses in need of capital for growth

1. An MSME is eligible as per the definition of Government of India (MSMEDAct)

2. All SIDBI’s existing customers (fulfilling internal rating criteria) are eligible. or

1. Units with past 3 years of profitability and 2 years of satisfactory banking credit track record (meeting internal credit rating criteria)

2. Acceptable external rating from CRISIL, ICRA, D&B, SMERA, etc., would be desirable.

Beneficiaries

Benefits

Assistance in the form of mezzanine/convertible instruments, subordinated debt and equity

How To Apply

A Udyami Helpline: Dial 1800-180-6763 [Toll Free Number] for queries relating to this Schemes.

Contact to

Submit the on-line enquiry form in the website

Status

Active

Sector

Finance



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