§1Who it is for

  • Informal micro-entrepreneurs and micro-enterprises (IMEs)

Useful if

Very small informal businesses

Do not spend time on it if

Registered MSMEs needing larger bank loans

§2Eligibility

  1. Informal micro-entrepreneurs/micro-enterprises reached through SIDBI's partner institutions (BC, MFI, SHPI, NBFC, fintech, corporates, aggregators).

§3Benefits

  • Access to affordable credit for livelihood enterprises with doorstep assistance and digital processing via the Prayaas app/portal.

§4Norms — pattern of assistance

  1. Loan amounts and interest rates are not printed on the SIDBI page.

§5Documents

Not published

The guideline does not list the documents. Ask the portal or bank before you apply — we do not make up lists.

§6How to apply

  1. 1

    Through a SIDBI partner institution operating in your area.

§7Pros and cons

Merits

  • Reaches people with no formal business papers. More than 85% of beneficiaries are women (SIDBI page).

Demerits

  • You cannot apply directly. You depend on a partner institution being present near you.

→Related schemes

Need help with PRAYAAS?

Eligibility check, DPR and application file — ask us on WhatsApp.

WhatsApp usServices

Our interestHelp is our paid service. You can also apply for the scheme yourself.

Sources

  1. SIDBI: PRAYAAS page

Checked on 18 October 2026. For information only — confirm with the department or bank. Spotted a mistake? Report it.