The Info List - SIDBI

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Small Industries Development Bank of India (SIDBI) is the principal development financial institution in India headquartered at Lucknow with branches all over India. Set up on April 2, 1990 through an Act of Parliament, SIDBI acts as the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprises (MSME) sector and for co-ordination of functions of institutions engaged in similar activities.[1] Currently, the shares of SIDBI (as on February 01, 2018) are held by the Government of India and 29 other institutions / public sector banks / insurance companies owned / controlled by the Central Government.[2] On 28 August 2017, Shri Mohammad Mustafa, IAS took-over the charge as the Chairman and Managing Director of SIDBI. In line with its mandate of resolving the difficulties, both financial and non-financial, faced by small scale industries aka MSEs, SIDBI has undertaken a lot of activities which inter-alia include development of Micro Finance Institutions, rural enterprises promotion, direct assistance to MSEs and increasing and supporting the money supply to the MSE sector through its refinance programme. The management of SIDBI have conceptualized SIDBI Vision 2.0 which underpins continued and renewed focus on the MSME sector and also has a set of structural initiatives planned to help the MSME sector.” [3]


1 History 2 Overview 3 References 4 External links

History[edit] Small Industries Development Bank of India (SIDBI), set up on April 2, 1990 under small industries development bank of India act, 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. The Charter establishing it, The Small Industries Development Bank of India Act, 1989 envisaged SIDBI to be "the principal financial institution for the promotion, financing and development of industry in the small scale sector and to co-ordinate the functions of the institutions engaged in the promotion and financing or developing industry in the small scale sector.[4][5] Overview[edit] The purpose is to provide refinance facilities and short term lending to industries. It is headquartered in Lucknow.[6] It is an institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector and also co-ordinates the functions of the institutions engaged in similar activities.[7] SIDBI has also floated several other entities for related activities. SIDBI provides a gamut of integrated services to MSMEs through its associates and subsidiaries, such as:

SIDBI Venture Capital Limited (SVCL)[5] - for providing Venture Capital (VC) assistance to MSMEs; Micro Units Development & Refinance Agency (MUDRA) - for ‘funding the unfunded’ micro enterprises in the country; Credit Guarantee Fund Trust - for Micro and Small Enterprises (CGTMSE) to provide credit guarantee coverage to collateral-free/ third-party guarantee free loans up to Rs.200 lakh to MSEs;[8] Receivable Exchange of India Ltd. (RXIL)[9] to enable faster realisation of receivables by MSMEs;[10] SMERA Ratings Limited (SMERA)[5] - for credit rating of MSMEs; India SME Technology Services Ltd (ISTSL)[5] - for technology advisory and consultancy services and India SME Asset Reconstruction Company Ltd. (ISARC)[5][11] for speedier resolution of Non-Performing Assets (NPA) in the MSME sector.

The Government of India has taken a number of initiatives such as Make in India, Start-up India, Stand-up India, Prime Minister Mudra Yojana (PMMY), Digital India, Skill India, Zero Effect Zero Defect, etc. SIDBI supports the Government of India in its initiatives and work as a nodal agency for some of the schemes related to development of MSMEs. To facilitate and strengthen credit flow to MSMEs and address both financial and developmental gaps in the MSME ecosystem SIDBI has introduced several schemes to support government programmes. Some of these initiatives include:

SIDBI Make in India Soft Loan Fund for Micro, Small & Medium Enterprises (SMILE) [4] under the 'Make in India' Programme, Digital initiatives like setting up of web portals, viz. “www.sidbistartupmitra.in” [12] to connect start-up entrepreneurs with stakeholders, viz. incubators, mentors, angel networks, venture capital funds, etc. Stand-Up India[13] Startup Mitra [14] As part of upscaling its initiative to address gaps in the start-up ecosystem, SIDBI created an online platform "www.sidbistartupmitra.in", which was launched by the Hon. president of India on March 17, 2016. The objective was to bring all stakehoders, startup entrepreneurs, incubators, investors (Angel network/ Venture Capital Funds), industry bodies, mentors/ advisors, banks on this electronic platform in order to meet the financing and other needs of the early stage and start-up enterprises. Udyami Mitra[15] In order to create institutional solutions to problems of access to credit being faced by MSMEs in India, SIDBI set up the biggest loan portal www.udyamimitra.in [16] to facilitate any where any time (net and mobile enabled) access to MUDRA loans upto Rs.10 lakh, Stand-up India loans of more than Rs.10 lakh and upto Rs.100 lakh and MSME loans upto Rs.200 lakh. The portal has on-boarded 17,000+ handholding agencies, more than 500 credit counselors, 145 lenders to cater to credit demand of micro and small industries.


^ http://financialservices.gov.in/banking-divisions/Financial-Institutions-and-others/Small-Industries-Development-Bank-of-India%28SIDBI%29?page=2 ^ https://www.sidbi.in/shareholding.php ^ http://financialservices.gov.in/banking-divisions/Financial-Institutions-and-others/Small-Industries-Development-Bank-of-India%28SIDBI%29?page=1 ^ a b http://www.sidbi.in ^ a b c d e "Small Industries Development Bank of India(SIDBI) Department of Financial Services Ministry of Finance Government of India". financialservices.gov.in. Retrieved 2018-02-17.  ^ [1] Archived 14 May 2013 at the Wayback Machine. ^ "About SIDBI".  ^ http://www.cgtmse.in ^ "Guidelines for setting up of and operating the Trade Receivables Discounting System (TReDS)" (PDF). Guidelines for setting up of and operating the Trade Receivables Discounting System (TReDS).  ^ http://www.rxil.in ^ http://www.isarc.in ^ http://www.sidbistartupmitra.in ^ https://standupmitra.in/ ^ https://www.sidbistartupmitra.in/ ^ https://www.udyamimitra.in/ ^ www.udyamimitra.in

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