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Micro Finance Program for Small and Medium Enterprises

Micro Finance Program for Small and Medium Enterprises

news October 13, 2016 18 Views

Ministry of Small and Medium Enterprises, GoI, has a scheme to help companies of small and medium size in their funding. The scheme of Micro-Finance Programme has been tied-up with SIDBI by way of contributing towards security deposits required from the MFIs/NGOs to get loans from SIDBI.

Objective

  • To promote self-sufficiency and economic development among people who don’t have access to the traditional financial sector.
  • To extend small loans without strict requirements like traditional lenders.

Eligibility

All NGOs and Micro finance institutions.

Benefit

  • Fixed Deposits for MFIs/NGOs
  • Training and Studies on Micro-Finance Programme
  • Institution Building for ΓÇÌIntermediaries ΓÇÕ for identification of viable projects

How to Apply

Directly contact the respective banks/financial institutions as listed in the scheme guidelines

contact your nearest MSME- Development Institute to apply.

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