Need help applying?
Info Tree handles this scheme end-to-end — eligibility, paperwork, filing, and follow-up until the money reaches your account.
Talk to a consultant →Overview
This guide is tailored for applicants in Erode. SMILE is designed to provide MSMEs with quasi-equity through soft loans and long-tenure term loans, making viable projects bankable. It focuses on new enterprises and expansion/modernisation of existing ones in priority sectors.
Why it matters
- Local support in Erode: Infotree's consultants understand the local business ecosystem and help Erode-based founders, MSMEs and entrepreneurs apply with confidence.
Key features
- Soft loan component to meet promoter contribution gaps
- Term loan for capex and related expenses
- Long tenures with suitable moratorium
- Targeted at Make in India priority sectors
Eligibility
- New and existing MSMEs in manufacturing and eligible services sectors
Benefits
- Improved project bankability
- Lower effective promoter contribution
- Long repayment tenures
Required documents
- ✓DPR
- ✓Promoter KYC
- ✓GST, ITR, bank statements
- ✓Collateral documents (where applicable)
Application process
- 1Eligibility and sizingConfirm sector and quantum with SIDBI.
- 2DPRBank-ready DPR.
- 3FilingApplication filed with SIDBI.
- 4Sanction and disbursementTerm and soft loan disbursed.
FAQs
Yes. SMILE are open to eligible applicants based in Erode. Infotree Services Private Limited helps Erode startups, founders, MSMEs and entrepreneurs check eligibility, prepare the project report and pitch deck, and file the application end-to-end.
Conclusion
For businesses and entrepreneurs in Erode, Infotree Services Private Limited can guide your SMILE application from eligibility to disbursement.
Ready to apply for SMILE?
We prepare every document, file every form, and stay with you through sanction and disbursement.
Start your application