SIDBI and Google Partnership for Assistance to Micro Enterprise

The SIDBI-Google Partnership for Assistance to Micro Enterprises is a collaboration between SIDBI and Google India, launched on 18 November 2021, with the objective of supporting micro-enterprises in India. The scheme was introduced as a crisis-response measure in the wake of COVID-19 and targets micro-enterprises with a turnover up to ₹5 crore. Through this partnership, a corpus of approximately USD 15 million (equivalent to ~₹110 crore) has been allocated to support the credit requirements of these micro‐businesses. As an MSME or start-up you can benefit from this scheme if you are within the eligible turnover, need working capital or term finance, and especially if you are a woman entrepreneur or located beyond metros .

Key Features
Financial Assistance
Eligibility Criteria
Documents Required
Application Process for the Scheme

Key Features

Targeted corpus of ~USD 15 million (~₹110 crore): The program is backed by a dedicated corpus provided through the Google-SIDBI partnership, meant to provide new flow of funding for micro-enterprises.
Loans for micro-enterprises with turnover up to ₹5 crore: The scheme specifically covers enterprises whose annual turnover does not exceed ₹5 crore, making it suitable for smaller businesses and start-ups.
Loan sizes in the range of approx. ₹25 lakh to ₹1 crore: Under the program, eligible micro-enterprises may apply for term/working capital finance typically within this quantum.
Focus on women-entrepreneurs & enterprises beyond metro cities: Preference is given to businesses run by women and those located outside major metropolitan areas, to promote inclusive access.
Paperless onboarding and digital processing: The scheme emphasises a digital end-to-end process from registration through sanction and disbursement, making it faster and more convenient for you as an entrepreneur.

Financial Assistance

Component	Assistance Provided	Detailed Explanation
Term / Working Capital Loan	Loans up to approx. ₹1 crore for eligible micro-enterprises	Example: You run a micro-enterprise with turnover ₹4 crore, and you require ₹80 lakh for expansion of machinery + working capital; under this scheme you may apply for such loan.
Preferential terms for women-led units	Better interest or concessional terms for women entrepreneurs	Example: If your enterprise is majority-women-owned, you may receive a lower rate of interest or priority processing under the programme.
Digital On-boarding & Disbursement	Paperless process from application to disbursement	Example: You submit your loan application online, upload documents, and after digital verification your loan is processed and disbursed quicker than conventional process.

Eligibility Criteria

Who Can Apply:

Micro-enterprises with turnover up to ₹5 crore.
Enterprises that meet SIDBI credit norms and are eligible for SIDBI finance via the SANGAM programme.
Emphasis on women-owned or women-run businesses and units from smaller towns/regions.

Who Cannot Apply:

Enterprises whose turnover exceeds the permitted limit (above ~₹5 crore) under the scheme.
Firms that do not meet SIDBI creditworthiness / viability criteria or are in default with banks/financial institutions.
Applicants who do not satisfy the scheme’s terms of capex/working capital usage as specified by SIDBI under SANGAM.

Documents Required

Business registration / MSME identification
Audited financial statements or financials for past years
Ownership and turnover details
Business plan / intended use of funds
KYC of proprietor/partners/directors
Any additional documentation as prescribed by SIDBI for SANGAM.

Application Process for the Scheme

Option 1: Apply with Bullit

Click here to start with guided support. Our team verifies eligibility, compiles documents, and handles application & follow-ups on your behalf. You can monitor progress while focusing on operations.
Recommended for: Micro-enterprise owners who want assistance in navigating the SIDBI-Google SANGAM loan application and documentation.

Option 2: Direct Bank Process

Contact SIDBI and express interest in the SANGAM programme.
Provide business details: turnover, financials, ownership , intended use .
Undergo SIDBI’s credit appraisal, documentation and sanction process.
On approval, loan is disbursed under the terms of the programme.

Option 3: Official Bank/Online Portal Submission
Visit the SIDBI official portal or designated SANGAM loan webpage, fill the application form, upload required business & financial documents, select scheme SANGAM and submit. The bank will review and sanction as per scheme criteria.