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 has 50 Branches, 5 Zones and 1 Regional Office across the country. SIDBI’s charter include Financing, Promotion , Development and Co-ordination for orderly growth of Small and Medium Enterpises. 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 SMEs which fall into a wide spectrum constituting modern and technologically superior units at one end and traditional units at the other.
SIDBI has operationalised SME Fund of Rs.10,000 crore under which direct assistance is being provided at an interest rate of two percent below SIDBI’s PLR.
SIDBI has operationalised a national level venture capital fund called SME Growth Fund of Rs.500 crore which is utilized for investing in equities of growth sectors like life sciences, light engineering, retailing, food processing, IT and infrastructure related services.
SIDBI, in association with CIBIL, select public sector banks and an existing rating agency, has set up a specialized rating Agency “SMERA” for the SME sector. SIDBI operates special schemes like Credit Linked Capital Subsidy Scheme, Credit Guarantee Scheme, etc.
SIDBI has helped a number of MFIs in developing a wide range of products as also support other service providers. SIDBI showed an excellent performance in Micro Credit operations by achieving a growth of 168 percent in sanctions and 119 percent in...