Govt Schemes

Mail us at : | Members
Call the Secretariat : Mr. Jagdeep Singh at +91-9873354315

Follow us

Best Viewed On
Google Chrome.

Soft Loans for Quasi-Equity to MSMEs (SIDBI)

SMILE was launched during the FY 2015-16 as an INR 10,000 crore fund by SIDBI, in line with the GoI’s ambitious ‘Make in India’ initiative. The target sectors under SMILE include all the identified 25 Make in India sectors as indicated by the GoI for the Make in India Programme.


The objective of the scheme is to offer soft loans in the nature of quasi-equity so as to meet the required debt-equity ratio to facilitate the term loan on relatively soft terms for MSME’s. Loans extended under the scheme cannot be used for repayment of earlier loans.

Eligible Enterprises:

New / Existing enterprises in the manufacturing as well as service sector undertaking expansion, to take advantage of new emerging opportunities, as also undertaking modernization, technology upgradation or other projects for growing their business will also be covered. The applicant must achieve minimum internal investment grade rating of SIDBI.


Term loans upto INR 5 crores.

Copyright Indian Paint & Coating Association.

All Rights Reserved. Reproduction in whole or in part without permission is prohibited.

All the logos and pictured are copyright protected by their respective owners, and are displayed here only for reference.