The Sidbi Assistance to Facilitate Emergence response against coronavirus scheme will offer loans to MSEs at a fixed interest rate of 5% and with a maximum loan repayment tenure of five years MUMBAI : Small Industries Development Bank of India (Sidbi) on Friday said it will provide loans up to ₹50 lakh to micro and small enterprises (MSEs) that are manufacturing medical supplies for fighting the novel coronavirus (COVID-19).
The Sidbi Assistance to Facilitate Emergency (SAFE) response against coronavirus scheme will offer loans to MSEs at a fixed interest rate of 5 per cent and with a maximum loan repayment tenure of five years.