SME FINANCING SCHEME

Loans which do not qualify under the Micro Financing Scheme and are above Rs250, 000 and up to Rs3.0 Million will be sanctioned under the SME Financing Scheme.

Agricultural Sector

  • Biofarming/Biotechnology/hydroponics/Sheltered structure/Tissue culture etc
  • Bee-hives, Dairy farming, Production of agricultural seedlings/production of agricultural seedlings with modern techniques//installation of  CCTV cameras with video surveillance system –Storage of agri produce construction/modernisation of shed/store
  • Sugar cane – plantation, fine derocking, irrigation
  • Value added projects for abandoned sugar cane fields
  • Potato or onion cultivation
  • Fruit and flower – cultivation, fine derocking, irrigation
  • Vegetable plantation
  • Tea plantation
  • Crops damaged by climatic conditions, pests & diseases under rehabiliation –Any other related activity

Fishing Sector

  • Off-lagoon fishing – purchase of fishing vessel and engine/s
  • Aquaculture Any other related activity
  • Coral farming by fishermen and SMEs –Any other related activity

Manufacturing Sector

  • Manufacturing – production, transformation and processing, modernization of production processes, working capital finance
  • Company involved in export –Any other related activity

Services Sector/ Professionals

  • Setting up, expansion, modernisation, computerisation, working capital finance;
  • Any other related activity
  • Loan to contractors (who are regrouped under small association of contractors) for  completion of contract assigned to them by the government

Health Sector

  • Health – setting-up, expansion, refurbishment of clinics, pharmacies; any other related activity

Tourism Sector

  • Tourism – setting-up, expansion, modernisation/refurbishment of hotels/restaurants; any other tourism-related activity

Handicraft

  • Handicraft (locally manufactured), innovative products; any other related activity

Artists

  • Art – art exhibition, recordings, stage plays, publication of books; working capital
  • Any other related activity

ICT Sector

  • ICT – start-ups, expansion, modernization;
  • E-commerce and other ICT-related projects;
  • Any other related activity

Green and Renewable Energy

  • Setting up of Solar Panel (Photovoltaic system)
  • Solar System
  • Rain Water Harvesting System
Maximum Loan Amount 75% cost of project up to a ceiling of Rs 3M
Interest Rate 6% p.a.
Penalty Rate 2% p.a. above normal interest rate
Repayment Period Up to 5 years depending on projects
Moratorium During gestation/implementation period
Eligibility
  • Individuals, Societies or Companies holding valid licences/permits
  • In case of corporate bodies, guarantee of main promoter
  • Registered local and export-oriented SMEs
  • Projects recommended by Economic Development Board (Enterprise Mauritius, BOI), Tourism Authority, FAREI, SME Mauritius (SMEDA/MyBiz, NEF, National Women Entrepreneur Council) and other relevant institutions, Small businesses holding a Business Registration Card

Loan Application
















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