SIDBI SMILE / STAR / TIFAC SRIJAN
SIDBI's direct lending suite: SMILE (₹25 L-2 Cr for manufacturing), STAR, TIFAC SRIJAN, plus venture debt via subsidiaries.
Quick facts
- Ministry / Agency
- SIDBI
- Funding
- ₹25 L – ₹2 Cr
- Stage
- mvp, early-revenue, growth
- Sector
- Any sector
- Equity dilution
- none
- DPIIT recognition required
- No
- NRI / OCI eligibility
- Yes — NRI and OCI founders are eligible to apply.
Who is eligible
MSMEs, manufacturing
How to apply
SIDBI Direct is administered by SIDBI. Applications are submitted through the official portal — there are no application fees and you do not need to go through third-party intermediaries.
Apply on the official portalRelated schemes
Other schemes that often pair with SIDBI Direct or apply to a similar profile.
MUDRA — Pradhan Mantri MUDRA Yojana
Collateral-free working-capital ladder. 4 tiers from Shishu (≤₹50K) to Tarun Plus (₹10-20L). 8-12% p.a., 0.25% concession for women. ~67% of loans go to women.
Ubharte Sitaare — Export Champions
Up to ₹25 Cr equity + debt mix from EXIM Bank and SIDBI for export-ready startups.
CGTMSE — Credit Guarantee Trust
Collateral-free loan guarantee up to ₹10 Cr. AGF as low as 0.37% p.a. Cover 75-85% of bank's loss. Retail and services now eligible.
Credit Guarantee Scheme for Startups
Credit guarantee on loans up to ₹20 Cr (doubled from ₹10 Cr in May 2025). Cover 85% up to ₹10 Cr, 75% above. AGF reduced to 1% p.a. for 27 Champion Sectors.
Frequently asked questions
Who is eligible for SIDBI Direct?+
MSMEs, manufacturing
What is the funding amount under SIDBI Direct?+
₹25 L – ₹2 Cr. SMILE: ₹25 L-2 Cr
Can NRI or OCI founders apply for SIDBI Direct?+
Yes — NRI and OCI founders are eligible to apply.
Does SIDBI Direct require DPIIT recognition?+
No — DPIIT recognition is not required for SIDBI Direct.
How do I apply for SIDBI Direct?+
Apply through the official portal at sidbi.in. The scheme is administered by SIDBI.
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