SIDBI - ET INDIA MSE AWARDS - Application invited for Second edition

Application invited for Second edition of SIDBI-ET India MSE Awards

Small Industries Development Bank of India (SIDBI) and The Economic Times have joined hands to bring the second edition of SIDBI-ET India MSE Awards, a platform created to recognize and reward performers in both the micro and small enterprise categories for some outstanding achievements in the manufacturing and services sector.

All VLEs who fulfill the eligibility criteria are encouraged to apply for the awards. More information is available at  http://sidbietindiamseawards.in/

The Awardee MSE in each of the categories
shall be eligible for the following:

                           

                                    ·         Mentorship by leading business personalities

·         Capacity building at premier Institutes & many others

APPLICATIONS WELCOME IN FOUR CATEGORIES

AWARDS IN EACH CATEGORY

·         In all 20 awards across 5 categories and 3 special category awards for noteworthy efforts in MSE lending segment – Banks/Non-Banking Financial Companies/Fintech

·          

·         AWARD CATEGORIES

ELIGIBILITY CRITERIA

·         Annual turnover of upto Rs. 25 crore (as on March 2018), profitable operations and having positive net worth (capital + reserves)

·         Employee base of 10-250 full time employees

·         Established business – 3 years (FY 18, FY 17 and FY 16) of operations

·         Must be wholly owned and managed by Indian nationals or Non-resident Indian (NRIs) /Persons of Indian Origin (PIOs) and with Registered office in India

·         No defaults by the MSE, its promoters and its group entities to any lender in the past 3 financial years (FY 17 to FY 19).

·         The MSME definition does not factor trading and hence the same will be restricted to select categories such as online trading

·         Franchisees /dealerships of corporates/MNCs and enterprises engaged in financial services (chit funds, lending, broking, etc) are ineligible.

·         All banks and NBFCs operating in India are eligible to apply for the awards.

·         Lenders must necessarily have loan products to cater to MSEs. The definitions of micro and small enterprises are in accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 and the lending as per RBI’s guidelines on lending.

·         Only those engaged in manufacturing and services are eligible for applying for all categories.

·         Neither the Applicant MSE, nor any of its promoters/directors and group/associated firms are defaulters to any lending institutions.

·         Traders are eligible to apply under two categories Innovative Business, and Technology adoption

·         Entity should not be owned by a foreign group, should not be a subsidiary of a large business house/group

Other Information

·         Upon successful submission of the nomination form, a digital participation certificate would be issued jointly by SIDBI and ET.

·         CRISIL would provide iCheck on a complimentary basis to all eligible (Conditions apply) applicants. iCheck is an independent verification of an MSE's presence in the market. For more details please visit https://www.smefirst.com/products/crisilICheck. The iCheck would be mailed to all eligible applicants after the closure of the nomination process.

·         Candidates shortlisted for second level would be offered CRISIL Credit Assessment Score (CCAS) priced at Rs 6,999/- free of
charge on a complimentary basis for one year (Conditions apply) . CCAS score would be one of the parameters that would be considered for screening beyond first level. For more details on CCAS please visit, https://www.smefirst.com/products/CrisilCreditAssessment

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