BankSIDBI (Bank) Verified 2026-07-05

SIDBI PRAYAAS Scheme

Affordable credit to informal micro-entrepreneurs / micro-enterprises for livelihood enterprise promotion, at affordable rates through partner institutions, helping the transition from sustenance-level activity to formal enterprise.

Maximum benefit value

₹5 L

Eligibility

Informal micro-entrepreneurs and micro-enterprises (bottom of the pyramid)
Focus on women entrepreneurs and socially backward sections

How to apply

Delivered through SIDBI partner institutions (MFIs, NBFCs, FinTechs and non-financial intermediaries) with doorstep assistance via the Prayaas App/portal.

Required documents

KYC documents
Enterprise/livelihood activity details

Official sources

SIDBI PRAYAAS ↗

Verification notes

Verified on SIDBI official Prayaas page (purpose, target beneficiaries, delivery model, pan-India across 30 States/UTs). Loan ceiling of up to Rs 5 lakh per beneficiary stated in official/SIDBI-cited material. [AI-gathered from official sources on 2026-07-05; needs team review]