SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (SIDBI)

SIDBI is a Principal Development Financial Institution for Promotion Financing and Development of Industries in the small scale sector and Co-ordinating the functions of other institutions engaged in similar activities.

SIDBI was established on April 2, 1990. 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 and for matters connected therewith or incidental thereto.

The business domain of SIDBI consists of small scale industrial units, which contribute significantly to the national economy in terms of production, employment and exports. Small scale industries are the industrial units in which the investment in plant and machinery does not exceed Rs.10 million . About 3.1 million such units, employing 17.2 million persons account for a share of 36 per cent of India's exports and 40 per cent of industrial manufacture. In addition, SIDBI's assistance flows to the transport, health care and tourism sectors and also to the professional and self-employed persons setting up small-sized professional ventures.

SIDBI's assistance now covers:

Equity

Term loan (domestic and foreign currency)

Working capital (a) for inventory (b) for raw material (c) through finance against bills receivables and for intangibles.

The purposes for which SIDBI's assistance is provided include new projects, expansion, diversification, technology up-gradation, 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:

(a) Enterprise Promotion
(b) Human Resource Development
(c) Technology Upgradation
(d) Environmental and quality management
(e) Information Dissemination and
(f) Market Promotion

The P&D initiatives of SIDBI have crystallised 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. SIDBI Operates a number of schemes for the development of small scale industries

SIDBI has an office at Kochi in Kerala State.

Small Industries Development Bank of India,
Finance Tower, 2nd Floor, Kaloor, Kochi � 682 017

For details of schemes operated by SIDBI go to:  www.sidbi.in