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