SIDBI launches quick delivery schemes for COVID preparedness

Last updated: 01 May 2021

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The Small Industries Development Bank of India (SIDBI) has introduced two new schemes, SHWAS and AROG, aimed at bolstering the healthcare sector's response to COVID-19. These initiatives provide funding to MSMEs involved in producing and supplying essential medical equipment like oxygen cylinders and concentrators, as well as vital medicines. The schemes offer 100% funding up to Rs 2 crore at attractive interest rates, with a rapid disbursal target of 48 hours.

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.

FAQ :

SIDBI has launched two schemes: 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).

The schemes aim to step up the production and delivery of essential medical supplies and services related to COVID-19 preparedness, such as oxygen cylinders, oxygen concentrators, oximeters, and essential drugs.

The schemes are designed to fund MSMEs (Micro, Small, and Medium Enterprises) that are involved in the healthcare sector or in providing supplies and services crucial for COVID-19 preparedness.

The schemes offer 100% funding up to an amount of Rs 2 crore to eligible MSME units at an attractive interest rate of 4.50% to 6% per annum.

SIDBI aims to disburse the funds within 48 hours after receiving all the necessary documents and information from the applicant.

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