SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA, is an independent
financial institution aimed to aid the growth and development of
micro, small and medium-scale enterprises (MSME) in
It is the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector and for Co-ordination of the functions of the institutions engaged in similar activities.
SIDBI has also floated several other entities for related activities.
CREDIT GUARANTEE FUND TRUST FOR MICRO AND SMALL ENTERPRISES ()
provides guarantees to banks for collateral-free loans extended to
SME. SIDBI VENTURE CAPITAL LTD.() is a venture capital company
focussed at SME. SME Rating Agency of
* 1 SIDBI (Small Industries Devlopment Bank of India) * 2 History * 3 Achievements * 4 Business Domain of SIDBI * 5 References * 6 External links
SIDBI (SMALL INDUSTRIES DEVLOPMENT BANK OF INDIA)
The purpose is to provide refinance facilities and short term lending to industries. It is headquartered in Lucknow. Presently Shri Ajay Kumar Kapur and Shri Manoj Mittal are the Deputy Managing Director of the organisation. For non-retail businesses, the MUDRA scheme under SIDBI offers loans to SMEs and MSMEs but banks authorized to approve loans through the scheme mostly downplay any such requests.
Small Industries Development Bank of
SIDBI retained its position in the top 30 Development Banks of the World in the latest ranking of The Banker, London. As per the May 2001 issue of The Banker, London, SIDBI ranked 25th both in terms of Capital and Assets.
Credit Guarantee Fund Trust for Micro and Small Enterprises popularly
known as CGTMSE is widely being used by many PSU Banks and Private
sector banks to fund MSME sector. During the year 2002-03 the
aggregate sanction and disbursements of SIDBI amounted to ₹10,904
crore and ₹6,789 crore respectively. SIDBI has been permitted to
raise finances up to ₹2,730 crore the year 2013 onward by the
Reserve Bank of
BUSINESS DOMAIN OF SIDBI
The business domain of SIDBI consists of Micro, Small and Medium Enterprises (MSMEs), which contribute significantly to the national economy in terms of production, employment and exports. MSME sector is an important pillar of Indian economy as it contributes greatly to the growth of Indian economy with a vast network of around 3 crore units, creating employment of about 7 crore, manufacturing more than 6,000 products, contributing about 45% to manufacturing output and about 40% of exports, directly and indirectly. In addition, SIDBI's assistance also flows to the service sector including transport, health care, tourism sectors etc.
SIDBI Among Top 30 Development Banks of the World
SIDBI retained its position in the top 30 Development Banks of the World in the ranking of The Banker, London. As per the May 2001 issue of The Banker, London, SIDBI ranked 25th both in terms of Capital and Assets.
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 trillion (€ 40.75 trillion) 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
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
Micro Units Development ">
* ^ https://www.idfc.org/Members/sidbi.aspx * ^ "History of SIDBI". * ^ Lunia, Harshvardhan (April 26, 2016). "SMALL BUSINESS LOANS – THE WORKING CAPITAL ANGLE". Lendingkart. * ^ Archived 14 May 2013 at the Wayb