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Small Industries Development Bank of India

Small Industries Development Bank of India

General
Contacts 8
Tenders 36
Grants 3
Jobs 0
CSP 0
Contractors 0
Awards 2
Last update: Jul 8, 2020 Last update: 08 Jul, 2020
General
Contacts8
Tenders36
Grants 3
Jobs 0
Country strategy papers 0
Top Contractors 0
Awards 2

Details

Office: India
Address: SIDBI Tower, 15, Ashok Marg, Lucknow - 226001
Website: sidbi.in
E-mail(s): Agartala@sidbi.in
Contact person: CEO
Phone: +91 0522 228 6576
Awards in: India, UK India, UK
Sectors: Banking, Micro-finance, SME & Private Se ... See more Banking, Micro-finance, SME & Private Sector
Nr. of employees: 201-500
Types: Financial Institution Financial Institution
Status: Active

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Description

Small Industries Development Bank of India is an non-independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises (MSME) in India. Set up on April 2, 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India. Current shareholding is widely spread among various state-owned banks, insurance companies and financial institutions.[citation needed] Beginning as a refinancing agency to banks and state level financial institutions for their credit to small industries, it has expanded its activities, including direct credit to the SME through 100 branches in all major industrial clusters in India.[citation needed] Besides, it has been playing the development role in several ways such as support to micro-finance institutions for capacity building and onlending. Recently it has opened seven branches christened as Micro Finance branches, aimed especially at dispensing loans up to INR5 lakh.

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 India Ltd. (SMERA - [5]) provides composite ratings to SME. Another entity founded by SIDBI is ISARC - India SME Asset Reconstruction Company in 2009, as specialized entities for NPA resolution for SME.

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Tender Management Modes

Financing agencies
WBGEFNPOADB17.4%73.9%
RegionsTotal
WB17
GEF4
NPO1
ADB1

Grant Management Modes

Financing agencies
Government100%
RegionsTotal
Government1