Small Industries Development Bank of India (SIDBI) has collaborated with Google to launch a $15 million financial assistance program for micro-enterprises. It is a one-of-a-kind program by SIDBI as a crisis response related to Covid-19 to reinvigorate the MSME sector
- Total corpus: $15 million or Rs 110 crore
- Target Group: Micro Enterprises with turnover up to Rs 5 crore
- Loan size: Rs 25 lakh to Rs 1 crore
It is completely paperless from onboarding to the disbursal stage.
