Small Industries Development Bank of india (SIDBI) 2017-2018
Small Industries Development Bank of india is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises (MS was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India. Currently the ownership is held by 34 Government of India owned / controlled institutions. 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. 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 ?5 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 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.
Small Industries Development Bank of India (SIDBI) Recruitment 2017 for Managing Director posts – 1 post. Last date to apply is 09/05/2017.
Small Industries Development Bank of India (SIDBI) invites applications for the posts for Managing Director posts – 1 post. Last date to apply is 09/05/2017. ...