| |
| Small Industries Development Bank of India (SIDBI) |
| |
SIDBI is committed to developing a strong, vibrant and responsive small-scale sector. This commitment is to be achieved through a variety of means. Principal amongst them is finance. Alongside finance, SIDBI provides appropriate support in the form of promotional and developmental services. SIDBI has been built up as a financially sound, vibrant, forward looking and technically oriented institution and, it intends to sustain this orientation in future. SIDBI intends to provide quality services to its clients, devoid of any systemic and procedural difficulties. |
| |
| SIDBI, in its operational strategy, emphasizes |
| |
| » |
Enhancement in the flow of financial assistance to SSIs and |
| » |
Enhancement in the capabilities of SSIs at all levels, with focus on adoption of improved and modern technology. |
|
| |
The small industries sector in India is dominated by a large number of small units. These micro-enterprises require special nurturing. SIDBI has been operating schemes like:
|
| |
| » |
Single Window Scheme and |
| » |
Composite Loan Scheme |
|
| |
To ensure that financial assistance is made available to such units on easy terms and with hassle-free procedures.
It has been a matter of policy in SIDBI to identify the areas of gaps in credit delivery system and fill them through devising appropriate new schemes and implementing them. In the last 9 years, 26 new schemes have been introduced. |
| |
| SIDBI's assistance now covers |
| |
| » |
Equity |
| » |
erm loan (domestic and foreign currency) |
| » |
Working capital |
| |
| » |
for inventory |
| » |
for raw material |
| » |
through finance against bills receivables and for intangibles. |
|
|
| |
The purposes for which SIDBI's assistance is provided include new projects, expansion, diversification, technology upgradation, modernisation, quality improvement, environmental management, marketing (domestic and international) and rehabilitation of sick SSIs. |
| |
Besides financing, SIDBI provides developmental and support services to SSIs under its Promotional and Developmental (P&D) schemes. The focus of such assistance is to ensure: |
| |
| » |
Enterprise Promotion |
| » |
Human Resource Development |
| » |
Technology Upgradation |
| » |
Environmental and quality management |
| » |
Information Dissemination and |
| » |
Market Promotion |
|
| |
The P&D initiatives of SIDBI have crystallized over the years and are now oriented to serve rural entrepreneurs and youth, particularly women through programmes to empower them and motivate them to undertake entrepreneurial ventures. |
| |
| Four basic objectives are set out in the SIDBI Charter. They are: |
| |
| » |
Financing |
| » |
Promotion |
| » |
Development |
| » |
Co-ordination |
|
| |
for orderly growth of industry in the small scale sector. The Charter has provided SIDBI considerable flexibility in adopting appropriate operational strategies to meet these objectives. The activities of SIDBI, as they have evolved over the period of time, now meet almost all the requirements of small scale industries which fall into a wide spectrum constituting modern and technologically superior units at one end and traditional units at the other. |
| |
For More Information regarding SIDBI www.sidbi.com |
