2. SIDBI
Small Industries Development Bank of India is a non–
independent financial institution aimed to aid the growth and
development of micro , small and medium-scale enterprises i.e.,
MSME in India.
3. History of SIDBI
Small Industries Development Bank of India (SIDBI), set up
on April 2, 1990 under an Act of Indian Parliament, 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.
4. Objectives of SIDBI
Four basic objectives are set out in the SIDBI Charter.
1) Financing
2) Promotion
3) Development
4) Co-ordination
5. functions of SIDBI
1) Initiates steps for technology adoption,exchange, upgradation
and modernisation of existing units.
2) Participates in the equity type of loans on soft terms.
3) facilitates timely flow of credit for both term loans and working
capital to SSI.
4) Enlarges marketing capabilities of the products of SSIs in both
domestic and international markets.
5) promotes employment oriented industries especially in semi-urban
areas to create more employment.
6. Mission and Vision of
SIDBI
Mission:
"To facilitate and strengthen credit flow to MSMEs and
address both financial and developmental gaps in the MSME eco-system“
Vision:
To emerge as a single window for meeting the financial and
developmental needs of the MSME, to position SIDBI as the
preferred and customer - friendly institution and for
enhancement of share - holder wealth and highest corporate
values through modern technology platform
7. Subsidiary of SIDBI
SIDBI Venture Capital Ltd. (SVCL):
A subsidiary of SIDBI set up in July,1999, is an asset
management company, presently managing two venture capital
funds, viz. the National Venture Fund for Software and Information
Technology Industry (NFSIT) and the SME Growth Fund (SGF) for
providing venture capital assistance to knowledge based MSME.
8. Loan scheme of SIDBI
Purpose:
Assistance for equipment and/or working capital as
also for work sheds
Eligible Borrowers:
Artisans, village and cottage industries and small
industries in tiny sector
Norms:
Loan Limit - Not to exceed Rs. 25.00 lakh