Sainik Udyami Credit Yojna
1. Scheme Overview
Sainik Udyami Credit Yojna (SUCY) is a special credit facility extended to registered Canteen Managers and institutional buyers of Ardh Sainik Canteen and IndianMSME.org. It empowers buyers to build daily working capital and enjoy interest-free credit for procurement.
2. Who Can Join?
- Registered Ardh Sainik Canteen Managers
- Authorized Bulk Buyers on IndianMSME.org
- Members of Abhhyam Sainik Sanchay Limited (ASSL)
3. How It Works
- Daily Deposit Contribution: Buyer/Canteen Manager deposits ₹500 or more daily.
- Deposit continues for a minimum of 10 working days.
- Each day's deposit increases your credit limit.
4. Credit Limit Creation
After 10 days, the credit limit becomes 75% of your total deposit.
Example: Deposit ₹5,000 in 10 days → Get ₹3,750 as credit limit.
5. Use of Credit
- Can be used to purchase goods on IndianMSME.org
- Valid only with approved MSME sellers
6. Interest-Free Period
- First 10 days from invoice date → 0% interest
- If unpaid after 10 days → 10% p.a. interest on the balance
- Interest is calculated daily on outstanding balance
7. Example Calculation
| Day | Total Deposit (₹) | Eligible Credit (75%) | Purchase Made (₹) | Interest (if unpaid after 10 days) |
|---|---|---|---|---|
| 10 | 5,000 | 3,750 | 3,500 | ₹0 (first 10 days) |
| 20 | - | - | 3,500 unpaid | ₹9.59/day (10% p.a.) from Day 11 |
8. Digital Access & Monitoring
- Credit limit auto-updated via ASSL/IndianMSME App
- Track invoices, repayments, and credit in real time
- Get SMS/email reminders on Day 8 and Day 10
9. Security & Recovery
- Credit backed by member’s own deposits
- Automatic recovery after 30 days from deposit
- Defaulters may face suspension from purchases
10. Benefits of the SUCY Scheme
- Get working capital without interest
- Encourages saving habits and financial discipline
- Purchase accountability and better repayment culture
- No paperwork – completely self-secured credit