Udyami Mitra Portal (Download PDF)

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Small Industries Development Bank of India (SIDBI) has launched the ‘Udyami Mitra’ Portal to improve accessibility of credit and handholding services to Micro, Small, and Medium Enterprises (MSMEs). 38 banks and 56 RRBs are mapped on the portal.

Image of udyami mitra

Image of Udyami Mitra

Image of udyami mitra

  • Advantages of the Portal

  • Entrepreneurs can apply for loan without physically visiting bank branches.

  • It also has facility for uploading all necessary documents.

  • MSMEs can select from over 1 lakh bank branches,

  • Track their application status and avail multiple loan benefits.

Security for the Loan

  • Scheduled Commercial Banks (SCBs) have been advised to ensure a target of 7.5 % of Adjusted Net Bank Credit (ANBC) for Micro Enterprises

  • Collateral security is not required for loans upto Rs. 10 lakh to MSE sector.

  • Market place offering wider access- One application is available for all participating banks.

  • This portal offers both financial and non financial services.

Non-Financial Services

  • Counseling services to budding entrepreneurs.

  • Assistance/consultancy to prospective and existing entrepreneurs.

  • Contact details of the required handholding agency in the vicinity of his place of proposed enterprise to avail services can be obtained from the portal.

- Published/Last Modified on: January 31, 2018

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