Recently a scheme was launched by the Small Industrial Development Bank of India SIDBI Assistance to Re-Energize Capital Investments by SMEs (ARISE) which was valid upto 31 March 2022, what were the key points of the scheme?
Under the SIDBI -ARISE Scheme, up to Rs.3 Crore are provided for the borrowers based on the fixed deposit of 25% a maximum. It will be a Term Loan. For this the interest rate was 5.50% to 6.80% per annum for the first year. The aim of the scheme was to support new and existing SMEs for purchasing growth opportunities.
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