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SIDBI reoriented its business strategy towards filling up the financial and nonfinancial gaps in the MSME eco-system. The mandate of SIDBI is promotion, financing and development of MSMEs and to co-ordinate the functions of institutions serving the sector.
SIDBI reoriented its business strategy towards filling up the financial and nonfinancial gaps in the MSME eco-system. The mandate of SIDBI is promotion, financing and development of MSMEs and to co-ordinate the functions of institutions serving the sector.
SIDBI reoriented its business strategy towards filling up the financial and nonfinancial gaps in the MSME eco-system. The mandate of SIDBI is promotion, financing and development of MSMEs and to co-ordinate the functions of institutions serving the sector.
Small Industries Development Bank of India (SIDBI) was set up under an Act of Parliament in April 1990. Though it was initially carved out as a wholly owned subsidiary of Industrial Development Bank of India, presently the ownership is held by 33 Government of India owned / controlled institutions.
SIDBI reoriented its business strategy
towards filling up the financial and non financial gaps in the MSME ecosystem. Some of the niche financial gaps being addressed by SIDBI are risk capital / equity assistance, sustainable finance, factoring and reverse factoring, services sector financing, etc. The direct finance to these niche areas is supplementing and complementing the efforts of the banks / FIs to meet varied credit needs of the MSMEs. SIDBI has also taken strategic initiatives for addressing various nonfinancial gaps for capacity building of the MSME sector, as well as bankers. These activities include Credit Advisory Services, Loan Facilitation, information dissemination through website www.smallB.in, capacity building of small banks, etc.
The mandate of SIDBI is promotion, financing
and development of Micro, Small and Medium Enterprises (MSMEs) and to coordinate the functions of institutions serving the sector. The authorised capital of SIDBI is ` 10 billion ( 125 million) and paid up capital is ` 4.50 billion ( 56.25 million). The networth of SIDBI as on March 31, 2014 was ` 80 billion ( 1 billion). The presence of SIDBI is spread all over India with the following structure : Head office at Lucknow 15 Regional Offices 84 Branches catering to 600 clusters across all the states Total No. of employees 1046 The Mission of SIDBI is To facilitate and strengthen credit flow to MSME and address both financial and developmental gaps in the MSME ecosystem. SIDBI is also working with the vision to emerge as a single window for meeting the financial and developmental needs of the MSME sector to make it strong, vibrant and globally competitive, to position SIDBI Brand as the preferred and customer friendly institution and for enhancement of share holder wealth and highest corporate values through modern technology platform.
In its endeavour towards holistic development of
the MSME sector, SIDBI adopts a Credit Plus approach wherein, besides credit, the Bank also provides grant support for the Promotion and Development (P&D) of the sector to make it strong, vibrant and competitive. The P&D activities of the bank include Micro Enterprise Promotion, Entrepreneurship Development, Cluster Development, Capacity Building of the MSME Sector, promoting Responsible Finance among Micro Finance Institutions, Sustainable Finance to MSMEs including Energy Efficiency, Environment Protection, etc.
Cumulative disbursements as at end March 2014
have crossed ` 3260 billion ( 40.75 billion) benefiting more than 32 million persons in the MSME sector. The total outstanding portfolio as at end March 2014 aggregated ` 612.71 billion ( 7.66 billion). SIDBI also functions as a Nodal/ Implementing Agency to various ministries of Government of India viz., Ministry of MSME, Ministry of Textiles, Ministry of Commerce and Industry, Ministry of Food Processing and Industry, etc. SIDBI has taken the initiative to promote several institutions viz., Credit Guarantee Fund Trust for Micro and Small Enterprises, SIDBI Venture Capital, SME Rating Agency of India Ltd and India SME Technology Services Ltd., for the benefit of the MSME sector. www.sidbi.in