SIDBI EDGE Offers Up To 100% Financing For MSMEs To Upgrade DG Sets

New Delhi, Dec 29 (KNN) Empowering MSMEs to power smarter and grow stronger, SIDBI EDGE offers a seamless financing solution to help enterprises upgrade to Diesal Generator (DG) sets through a simplified and supportive lending experience designed to meet their operational needs at every stage.

This information was updated by the Small Industries Development Bank of India (SIDBI) on X (formerly Twitter).

Flexible and Inclusive Financing Support
Under SIDBI EDGE, MSMEs can avail up to 100 percent financing with minimal collateral requirements. The scheme offers term loans of up to Rs 3 crore with flexible repayment options extending up to five years, ensuring affordability and ease of repayment for growing enterprises.

Eligible micro and small enterprises can benefit from a 2 percent interest subvention under the MSE Green Investment and Financing for Transformation (MSE GIFT) Scheme, significantly reducing borrowing costs and improving cash flow.

Support for Sustainable and Compliant Power Solutions
MSMEs can now leverage this funding to upgrade to CPCB IV+ compliant generators, ensuring their power backup solutions are not only efficient and compliant but also environmentally responsible.

Digital, Fast and Hassle-Free Process
SIDBI EDGE features an attractive interest rate structure with both fixed and floating options, backed by a fully digital process that ensures quick sanction and fast disbursement.

With smarter power solutions, MSMEs can enhance productivity and resilience. Through SIDBI EDGE, SIDBI continues to stand with MSMEs, enabling growth while supporting their transition towards a more efficient and future-ready business environment.

(KNN Bureau)