INDUSTRIES DEVELOPMENT BANK OF INDIA
Development Bank of India [SIDBI] as the principal financial
institution for promotion, financing and development of
industry in the small scale sector, has been assisting the
entire spectrum of the SSI sector,
including the Tiny, Village and Cottage industries.
the year 2002-03, the aggregate sanctions and disbursements of
SIDBI amounted to Rs.10904 crore and Rs.6789 crore
respectively. Cumulative assistance, as at the end of March
2003, surged to Rs.86,158 crore in terms of sanctions and at
Rs.59,101 crore of disbursements, thus recording a compounded
annual growth rate of 13.4 % and 11.4 % respectively. Networth
of the Bank is Rs.4075 crore as at the end of March 2003.
Channels of Assistance :
financial assistance to small scale sector has three major
Direct assistance : The objective behind SIDBI's
direct assistance schemes has been to supplement
the efforts of PLIs by identifying the
gaps in the existing credit delivery mechanism for
Assistance is provided directly through
43 branches of SIDBI. The assistance is extended
for setting up of new SSI units, small
hotels, hospitals/nursing homes, technology
modernisation, expansion and
diversification, marketing of SSI products, setting
up of multiplexes,
development of infrastructure for the
SSI sector, discounting of bills etc.
Indirect assistance : SIDBI's schemes of indirect
assistance envisage credit to SSIs through a large
network of 913 PLIs SIDBI has
bagged the prestigious "ADFIAP Development
Award 2003" for its Rural
Industries Programme designed to
give impetus to rural development by creating
and service enterprises in rural
areas. spread across the country with a branch
network of over 65,000.
The assistance is provided by way
of refinance, bills rediscounting and resource
support in the form of
short term loans/line of credit
in lieu of refinance etc.
Development and Support Services : SIDBI extends
development and support services in the form of
loans and grants to
different agencies working for the promotion and
development of SSIs and tiny
industries. The support is
given for enterprise promotion with emphasis on
HRD development in the SSI
sector, technology upgradation, quality and
information dissemination etc.
has bagged the prestigious "ADFIAP
Development Award 2003" for its Rural
Industries Programme designed to give impetus to
rural development by creating sustainable industrial
and service enterprises in rural areas.
Venture Capital Ltd. [SVCL] a wholly owned
subsidiary of SIDBI acts as the Asset Management
Company of the National Venture Fund for Software
and Information Technology. The fund has a committed
corpus of Rs.100 crore as on March 31, 2003.
Trustee Co.Ltd. [STCL] has been set up to carry
out trusteeship functions for Venture Capital Funds.
Presently STCL is acting as Trustee of National
Venture Fund for Software and Information
Guarantee Fund Trust Scheme for Small Industries [CGTSI]
promoted jointly by Government of India and
SIDBI, was launched by the Hon'ble Prime Minister on
August 30, 2000. The credit guarantee scheme of
CGTSI aims at helping the new and existing
industrial units in SSI sector, in getting
collateral free credit by way of both term loan and
working capital from eligible member lending
institutions. Member Lending Institutions include
scheduled commercial banks, select Regional Rural
Banks and such of the institutions as may be
approved by Government of India.
Bureau for Small Enterprises [TBSE] was set up
by SIDBI in 1995 in collaboration with United
Nations Asian & Pacific Center for Transfer of
Technology. The Bureau aims at helping SSI units to
attain international competitiveness through
transfer of latest available technologies from both
within and outside the country.
OFFICE : MUMBAI : Nariman Bhavan, 227, Vinay K.
Shah Marg, Nariman Point, Mumbai - 400 021
Mr.P.S.Rao - Chief General Manager * Tel. : 2851274
- 77 * Fax : 22044448 * Website : http://www.sidbi.com