About this programme
SWIFT (SIDBI Working capital using Integrated Financial Tools) is a flexible, paperless working capital overdraft facility designed for existing Udyam-registered MSMEs. The scheme provides quick access to short-term liquidity with minimal documentation and low processing fees, ideal for businesses with fluctuating cash cycles.
The support is delivered through the programme’s own structure, and the form it takes is set by the issuing authority. The amount and form of support that actually apply to you depend on the programme’s rules and how your application is assessed — they are not fixed for every applicant.
It is aimed at businesses in msme · udyam-registered. Like most government programmes, it has its own eligibility conditions, documentation and application window, and these terms are revised from time to time. Because of that, it is worth confirming the current eligibility, amount and deadline on the official programme page before you invest time in applying.
How it works
SWIFT provides a paperless overdraft facility with no monthly or quarterly compliance reporting requirements. SIDBI assesses the working capital need based on the MSME's cash cycle and operational metrics. The facility attracts interest at rates linked to the repo rate plus internal rating adjustment.
Who can apply
Udyam-registered existing MSME units with at least 3 years of operational history; units must not be availing working capital or overdraft facility from any bank or financial institution.
How to apply
- Register with Udyam MSME portal (if not already registered)
- Approach SIDBI or partner bank branch
- Submit application with basic KYC and business financials
- SIDBI will assess working capital requirement
- Overdraft facility approval and activation
Documents you’ll typically need
- Udyam registration certificate
- KYC documents
- Last 2 years audited financials or GST returns
- Bank statements (6 months)
- Proof of collateral/security (if applicable)
The exact checklist depends on the programme and your specifics.
Frequently asked
What is the maximum amount available under SWIFT?
The overdraft facility extends up to ₹3 crore, based on the assessed working capital needs of the MSME.
Is there a processing fee?
Yes, a low processing fee of 0.25% plus 0.10% of the sanctioned amount is charged.
Can existing loan customers apply?
SWIFT is available to Udyam-registered MSMEs that are not currently availing working capital or overdraft facility from any bank or financial institution.
Reviewed July 2026. Government programmes change — confirm current eligibility, amounts and deadlines on the official programme page before you apply. CapEasy is a private consultancy and is not affiliated with any government authority.