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Summer Training presentation by: Syed Asad Husain Zaidi (10-MBA-25) Shayan Khan (10-MBA-37)
SIDBI: An Introduction
Established on April 2,1990.
Established through a charter known as Small Industries Development bank of India Act, 1989. Principal Development Financial Institution for :
-- Promotion -- Financing -- Development of Industries in the small scale sector and -- Co-ordinating the functions of other institutions engaged in similar activities.
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.
SIDBI: Shareholding
The entire issued capital of Rs.450 crore has been divided
into 45 crore shares of Rs.10 each. Of the total Rs.450 crore subscribed by IDBI, while setting up of SIDBI, 19.21% has been retained by it and balance 80.79% has been transferred, divested in favour of banks, institutions, insurance companies owned and controlled by the Central Government.
What is MSME?
It is defined in two sectors: 1. For Manufacturing sector:
MSME Cont.
2. For Service Sector
CLCSS: Cont.
The eligible amount of subsidy calculated under the prerevised scheme was based on the actual loan amount not exceeding Rs. 40 Lakh.