SIDBI launches quick delivery schemes for COVID preparedness

SIDBI launches quick delivery schemes for COVID preparedness: SHWAS (SIDBI assistance to Healthcare sector in War Against Second wave of COVID19) and AROG (SIDBI Assistance to MSMEs for Recovery & Organic Growth during COVID19 pandemic)

To step up production & rendering services related to supply of oxygen cylinders, oxygen concentrators, oximeters and essential drugs, SIDBI under guidance from Govt of India is launching two schemes SHWAS and AROG to fund MSMEs.

These schemes envisage 100% funding upto an amount of Rs 2 crore to a MSME unit at attractive interest rate of 4.50%-6% p.a., within 48 hours after receipt of all the documents / information. Detail of the schemes is available on the website http://sidbi.in

SIDBI, considering the current distress caused by COVID 19 and being a national emergency has devised aforesaid schemes to cater to help assist health care service providers fight the pandemic.