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Background

Schemes

Schemes

LEMS

  • Enhance their competitiveness by investing in productive equipment
  • Upgrade production infrastructure and reduce costs
LEMS I  - Turnover "<" MUR 50M
Guarantee provided  by SIC Maximum Financing Amount Maximum Tenure Expiry Date
30% on Loss

Lease funding limit will be MUR 10 Million.

Not exceeding 60 months

30/06/2022

LEMS II - Turnover between MUR 50M and MUR 250M
Guarantee  provided  by SIC Maximum Financing Amount Maximum Tenure Expiry Date
15% on Loss

Lease funding limit will be up to MUR 25 Million (depending on the assigned finance amount)

Not exceeding 60 months

30/06/2022

LEMS III - Turnover between MUR 250M and MUR 500M
Guarantee  provided  by SIC Maximum Financing Amount Maximum Tenure Expiry Date
No Guarantee

Lease funding limit will be up to MUR 50 Million (depending on the assigned finance amount)

Not exceeding 60 months

30/06/2022

LEMS FOREX (EURO & USD) - Turnover same as for all above categories 
Guarantee  provided  by SIC Maximum Financing Amount Maximum Tenure Expiry Date
No Guarantee

a) Combined limit for LEMS I – MUR 15M 
b) Combined limit for LEMS II – MUR 40M 
c) Combined limit for LEMS III – MUR 75M

Not exceeding 60 months

30/06/2022

SME Factoring Scheme

Turnover - Not exceeding MUR 50M

Provide cash-flow to entrepreneurs via the factoring of their credit sales invoices through Non-Bank Financial Institutions.

 
Guarantee  provided  by SIC Maximum Financing Amount Maximum Tenure Expiry Date
50% on Loss

MUR 10M (Not exceeding MUR 2M per debtor)

Normal tenure: not exceeding 90 days

30/06/2022

Export Factoring Scheme

Turnover not exceeding MUR 250M

Provide cash-flow to entrepreneurs by means of the factoring of their export credit sales invoices through Non-Bank Financial Institurions providing factoring services.

Guarantee  provided  by SIC Maximum Financing Amount Maximum Tenure Expiry Date
25% on Loss

USD 400,000 or EUR 400,000

Not exceeding 90 days

30/06/2022

Micro Entity Financing Scheme

Turnover - Not exceeding MUR 10M

Enable Micro & and Small Entities to have access to finance at competitive rates to lower down their cost of production, improve their productivity, become more sustainable and contribute to the creation of jobs.

 
Guarantee  provided  by SIC Maximum Financing Amount Maximum Tenure Expiry Date
40%

MUR 2M

-

30/06/2022

SME Financing Scheme

Turnover - Between MUR 10M to MUR 50M

Enable SMEs to have access to finance at competitive rates to lower down their cost of production, improve their productivity, become more sustainable and contribute to the creation of jobs.

Guarantee provided  by SIC Maximum Financing Amount Maximum Tenure Expiry Date
20%

-

-

30/06/2022

Mid-Market Enterprises (MME) Financing Scheme

Turnover - Between MUR 50M to MUR 250M

Provide Banking Facilities at lower interest rates to MMEs to  boost MME growth, create employment, and attract more investors.

 
Guarantee  provided  by SIC Maximum Financing Amount Maximum Tenure Expiry Date
15%

MUR 25M

-

30/06/2022

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