Qualified entrepreneurs must meet SIDBI's selection criteria for borrowing under this programme. This programme will be extremely selective and only the best of the best will receive funding and other support.
We encourage all interested entrepreneurs (whether you have an existing business or are starting a new business) to begin putting together strong business plans and teams that would qualify for the support package provided by this programme.
SELECTION CRITERIA
The lender, Small Industries Development Bank of India, will determine which businesses get funded based on several credit and other criteria, including but not limited to:
HOW TO APPLY
LaunchPad Loan Application Process
Congratulations on your decision to apply for a LaunchPad loan. The loan application process will comprise the following steps:
Step 1: Submit your loan application form, business plan (if available) and all required supporting documentation. Please note that your application will not be processed if all requested information and documentation is not included. Click "Apply Now" to access the application form below.
Step 2: SIDBI will select certain applicants for interviews. These interviews may be in person or via phone. Interviews may be held with SIDBI or TREC-STEP or both.
Step 3: For certain applicants, further information or interviews will be required.
Step 4: The selection and decision making process for induction into the programme should take approximately one month, depending on the interviews and information needed to make a decision.
If you are selected for the programme, SIDBI will notify you of your selection and next steps. If you are not selected for the programme, please know that the programme pilot will be highly selective and we are expecting a large number of applications. We wish you the very best of success in pursuing your entrepreneurship dreams.
