I am SME of India has signed an MoU with Small Industries Development Bank of India (SIDBI). SIDBI has introduced a very special scheme of Collateral-free Equipment Finance up to Rs.75 lacs for I am SME of India Members at low interest rates of 12.25%.
As per MoU, I am SME of India acts as the front desk and helps fill up the Application Form, complete documentation etc. Based upon the evaluation and recommendation of I am SME of India, suitable limit up to Rs. 75 lacs is sanctioned.
The Scheme has been operational since 2008 and has, till date, a ZERO NPA record.