Nidhi Prayas
Nidhi Prayas Yojna helps start-ups with good ideas. We give them money to turn their ideas into real products. We offer up to Rs. 10,00,000 to help them grow in the market.
Overview
The borrowing limit per unit under this scheme is up to Rs. 5 Crore. The guarantee cover extends to 75% of the credit facility and encompasses all activities, such as manufacturing, trading, services, and allied agriculture (excluding farming), within the scope of MSME.
- COLLATERAL-FREE LOAN
- LOAN OF UP TO ₹5 CRORE
- LOW-INTEREST RATES
- SUSTAINABLE EMPLOYMENT GENERATION
- ENCOURAGES TRADITIONAL ARTISANS
- BOOSTS INCOME-EARNING CAPACITY
ELIGIBILITY CRITERIA
SMALL ENTERPRISE
- Investment in plant, machinery, or equipment is limited to a maximum of Rs. 10 Crore.
- The annual turnover should not exceed Rs. 50 Crore
- 1 YEAR ITR (Mandatory)
- GST Number (Mandatory)
- Last 6-Month Bank Statement
- Investment In Plant & Machinery Or Equipment (Not More Than RS. 50 Crore)
MEDIUM ENTERPRISE
- Investment In Plant & Machinery Or Equipment (Not More Than RS. 50 Crore)
- 1 YEAR ITR (Mandatory)
- GST Number (Mandatory)
- Last 6-Month Bank Statement
DOCUMENTATION
- PAN Card
- AADHAR Card
- MSME Certificate
- GST DETAILS
- Last 6-Month Bank Statement Last 1 Year
- ITR
We Help in
FAQs
The priority areas for supporting innovations under NIDHI PRAYAS program are manufacturing, agriculture, healthcare, clean-tech, energy, water and Internet of Things (IOT). However, ideas under other technology areas may be considered on merit basis.
NIDHI-PRAYAS scheme is for converting an idea into prototype for physical product. Projects related to pure Software development, Ecommerce, Service, App based solutions will not be supported under NIDHI-Prayas. However, software as one of the components of hardware product (for ex. an IoT product) can be considered for project funding for an integrated hardware prototype development.
NIDHI-PRAYAS is a Proof-of-Concept grant. Products that have passed prototype level cannot be supported under NIDHI-PRAYAS.