Provided by: Small Industries Development Bank of India (SIDBI)
Verified by our research team on 8 Jul 2026
Funding Support
Initial corpus reported at ₹10,000 crore; individual assistance often ranges from around ₹25 lakh up to several crore per enterprise.
Application Deadline
Open / Rolling
Official Website
Not listed
SMILE is a soft loan scheme by SIDBI to provide quasi‑equity and term loans to MSMEs for new projects, modernization, or expansion, supporting Make in India objectives. It often features longer tenors and a moratorium. SMILE is structured as a soft loan rather than a pure grant or pure debt product — it blends quasi-equity with term-loan features, typically including a longer repayment tenor and a moratorium period that gives manufacturing MSMEs breathing room before repayments begin. Ticket sizes in practice range widely, from around ₹25 lakh for smaller modernization projects up to several crore for larger expansion projects, and applicants need a project report and standard KYC/financial documentation to apply through SIDBI branches or its online portal.
Startup Stage
All stages
Industry Sectors
All sectors
State Limitation
Pan-India
DPIIT & MSME Recognition
DPIIT Not Mandatory • MSME Required
CGTMSE (SIDBI) - Collateral-Free Loan
Up to ₹5 Cr
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KYC Documents
Udyam/MSME Registration
Project Report
CMA Data/Financial Projections
Bank Statements
Collateral Documents