Small Industries Development Bank of India

Regulatory Body

A major contributor to this article appears to have a close connection with its subject. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. Please discuss further on the talk page. (June 2018) (Learn how and when to remove this message)

|

Small Industries Development Bank of India (SIDBI)

Agency overview
Formed| 2 April 1990; 35 years ago (1990-04-02)
Type| Regulatory Body
Jurisdiction| Ministry of Finance, Government of India
Headquarters| Lucknow, Uttar Pradesh, India
Agency executive|

* Manoj Mittal, (Chairman & MD)[1]

Website| www.sidbi.in

Small Industries Development Bank of India (SIDBI) is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India. It is under the jurisdiction of Ministry of Finance, Government of India headquartered at Lucknow and having its offices all over the country.

SIDBI was established on 02-April-1990, by Government of India, as a wholly owned subsidiary of IDBI Bank . It was delinked from IDBI w.e.f. 27-March-2000. Its purpose is to provide refinance facilities to banks and financial institutions and engage in term lending and working capital finance to industries, and serves as the principal financial institution in the Micro, Small and Medium Enterprises (MSME) sector. SIDBI also coordinates the functions of institutions engaged in similar activities. It was established in 1990,[2] through an Act of Parliament.[3] SIDBI is one of the five All India Financial Institutions regulated and supervised by the Reserve Bank of India. The other four are Exim Bank Of India, NABARD, NaBFID and NHB. They play a statutory role in the financial markets through credit extension and refinancing operation activities and cater to the long-term financing needs of the industrial sector.[4]

SIDBI is active in the development of Micro Finance Institutions through SIDBI Foundation for Micro Credit, and assists in extending microfinance through the Micro Finance Institution (MFI) route.[5] Its promotion & development program focuses on rural enterprises promotion and entrepreneurship development.[6][7]

In order to increase and support money supply to the MSE sector, it operates a refinance program known as Institutional Finance program. Under this program, SIDBI extends Term Loan assistance to Banks, Small Finance Banks and Non-Banking Financial Companies. Besides the refinance operations, SIDBI also lends directly to MSMEs.[8][9]

## Non-Financial Intervention

[edit]

As part of non-financial intervention in the MSME sector, SIDBI had also undertaken various measures in the past. Recently, in association with credit rating agency CRISIL and Credit Information Company TransUnion CIBIL it has introduced "CriSidEx" and "MSME Pulse".[10]

CriSidEx, India's first sentiment index for micro and small enterprises (MSEs) has been developed jointly by CRISIL & SIDBI. It is a composite index based on a diffusion index of 8 parameters and measures MSE business sentiment on a scale of 0 (extremely negative) to 200 (extremely positive). The crucial benefit of CriSidEx is that its readings will flag potential headwinds and changes in production cycles and thus help improve market efficiencies. And by capturing the sentiment of exporters and importers, it will also offer actionable indicators on foreign trade.[11][12]

SIDBI in association with TransUnion CIBIL launched "MSME Pulse" and Microfinance Pulse launched by Equifax, a quarterly report on MSME credit activity, for closely tracking and monitoring the MSME segment in the country. The report is based on a study done on over five million active MSMEs who have access to formal credit, with live credit facilities in the Indian banking system.[13]

SIDBI has launched the ‘Udyami Mitra’ Portal to improve accessibility of credit and handholding services to MSMEs. They can select and apply for preferred banks through this portal. Under the portal entrepreneurs can apply for loan without physically visiting any bank branches and can select from over 1 lakh bank branches, track their application status and avail multiple loan benefits. It also has facility for uploading all necessary documents. Through the portal the MSMEs can also seek handholding support for getting finance.[14][15] SIDBI has also entered into an arrangement with CSC e-governance Services (CSCeGS) to take Udyami Mitra portal to the unserved and the underserved MSMEs. CSCeGS is a special purpose vehicle (SPV) set up by ministry of electronics and IT (MeitY) which acts as connect point for various digitally aligned services to villages in the country.[16]

In May 2024, The Small Industries Development Bank of India (SIDBI) signed a MoU with Airbus Helicopters to finance civil helicopter purchases in India.[17][18]

## Other activities

[edit]

SIDBI has floated several other entities for related activities, including:

* The SIDBI Foundation for Microcredit
* SIDBI Venture Capital Limited (SVCL)[19] – for providing Venture Capital (VC) assistance to MSMEs;
* Micro Units Development & Refinance Agency (MUDRA) – for 'funding the unfunded' micro enterprises in the country;
* Receivable Exchange of India Ltd. (RXIL)[20] to enable faster realisation of receivables by MSMEs;
* SMERA Ratings Limited (SMERA)[19] – for credit rating of MSMEs, renamed as Acuite Ratings & Research Limited.;[21]
* India SME Technology Services Ltd (ISTSL)[19] – for technology advisory and consultancy services and
* India SME Asset Reconstruction Company Ltd. (ISARC)[19] for speedier resolution of Non-Performing Assets (NPA) in the MSME sector.

SIDBI supports the Government of India in its initiatives and work as a nodal agency for some of the schemes related to development of MSMEs, such as Make in India and Startup India.

## See also

[edit]

* Banks portal

* List of national development banks

## References

[edit]

1. ^ [1]. Accessed December 2020.
2. ^ The Small Industries Development Bank of India act. 1989 Archived 2021-10-28 at the Wayback Machine
3. ^ "Small Industries Development Bank of India(SIDBI) | Department of Financial Services | Ministry of Finance | Government of India". Financialservices.gov.in. Archived from the original on 23 March 2018. Retrieved 14 October 2018.
4. ^ "Reserve Bank of India - Publications". Rbi.org.in. Archived from the original on 12 June 2018. Retrieved 14 October 2018.
5. ^ "IDFC". www.idfc.org.
6. ^ "SIDBI's Financial Inclusion Program covers 'Poorest of the Poor' - ADFIAP". Archived from the original on 12 June 2018. Retrieved 10 June 2018.
7. ^ "Poorest States Inclusive Growth Programme - SIDBI UKAID DFID RFP". indiamicrofinance.com. 5 November 2022.
8. ^ "Establishment of Fund of Funds for funding support to Start-ups". pib.nic.in. Archived from the original on 12 June 2018. Retrieved 10 June 2018.
9. ^ "Shareholding :: Small Industries Development Bank of India". www.sidbi.in. Archived from the original on 12 June 2018. Retrieved 23 March 2018.
10. ^ "Fixed Deposits, MSME borrowing becomes easier in Indian Overseas Bank; here's how". Zee Business. 7 April 2018. Archived from the original on 17 March 2023. Retrieved 17 March 2023.
11. ^ Gupta, Komal (3 February 2018). "Jaitley launches CriSidEx, says economy witnessing a phase of consolidation". Archived from the original on 10 June 2018. Retrieved 10 June 2018.
12. ^ "CRISIL, SIDBI Launch India's First MSE Sentiment Index". pib.nic.in. Archived from the original on 12 June 2018. Retrieved 10 June 2018.
13. ^ "MSME's most attractive segment in commercial credit with fastest growth, low NPAs: Report". The Economic Times. 12 March 2018. Archived from the original on 12 June 2018. Retrieved 10 June 2018.
14. ^ "Udyami Mitra Portal".
15. ^ Network, Knn India - Knowledge & News. "SIDBI launches 'Udyami Mitra' portal to improve accessibility of credit for MSMEs". knnindia.co.in. Archived from the original on 12 June 2018. Retrieved 10 June 2018.
16. ^ "Sidbi, CSC partner to offer MSMEs better credit access". Press Trust of India. 6 March 2018 – via Business Standard.
17. ^ "SIDBI Takes Flight: Signs MoU with Airbus Helicopters to Finance Civil Aviation in India". Bru Times News. Archived from the original on 26 May 2024. Retrieved 26 May 2024.
18. ^ "Airbus Helicopters and SIDBI sign an MoU for helicopter financing in India". The Times of India. 24 May 2024. Archived from the original on 25 May 2024. Retrieved 26 May 2024.
19. ^ a b c d "Small Industries Development Bank of India(SIDBI) | Department of Financial Services | Ministry of Finance | Government of India". financialservices.gov.in. Archived from the original on 18 February 2018. Retrieved 17 February 2018.
20. ^ "Guidelines for setting up of and operating the Trade Receivables Discounting System (TReDS)" (PDF). Guidelines for Setting up of and Operating the Trade Receivables Discounting System (TReDS). Archived (PDF) from the original on 18 February 2018. Retrieved 17 February 2018.
21. ^ "Acuité Ratings & Research". www.acuite.in.

## External links

[edit]

* Official website

* v
* t
* e

Banking in India

Institutes|

| Central bank|

* v
* t
* e

Reserve Bank of India

Regulation|

* Reserve Bank of India Act, 1934
* Monetary Policy Committee

People|

* Governor of the Reserve Bank of India
* Deputy governor of the Reserve Bank of India

Buildings|

* Reserve Bank of India Staff College
* RBI Monetary Museum

Subsidiaries|

* Bharatiya Reserve Bank Note Mudran
* Security Printing and Minting Corporation of India

Think tanks|

* BBB
* BCSBI
* NPCI
* IBA
* IDRBT

Speciality banks|

* IFCI
* All India Financial Institutions :
* Exim Bank of India
* NABARD
* NHB
* SIDBI

Other|

* BIFR
* IBBI
* IBPS
* Deposit Insurance (DICGC)

Public-sector
banks|

* Bank of Baroda
* Bank of India
* Canara Bank
* Central Bank of India
* Indian Bank
* Indian Overseas Bank
* Jammu & Kashmir Bank
* Punjab & Sind Bank
* Punjab National Bank
* State Bank of India
* UCO Bank
* Union Bank of India

Private-sector
banks|

* Axis Bank
* Bandhan Bank
* CSB Bank
* City Union Bank
* DCB Bank
* Dhanlaxmi Bank
* Federal Bank
* HDFC Bank
* ICICI Bank
* IDBI Bank
* IDFC First Bank
* IndusInd Bank
* Karnataka Bank
* Karur Vysya Bank
* Kotak Mahindra Bank
* Nainital Bank
* RBL Bank
* South Indian Bank
* Tamilnad Mercantile Bank
* Yes Bank

Foreign banks|

| Foreign Bank Branches|

* Abu Dhabi Commercial Bank
* ANZ
* Bank Maybank Indonesia
* Bank of America
* Bank of Bahrain and Kuwait
* Bank of Ceylon
* Barclays
* Credit Suisse
* CTBC Bank
* Deutsche Bank
* HSBC
* Maybank
* MUFJ
* Rabobank
* Scotiabank
* SMBC
* Standard Chartered India

|

Wholly owned subsidiary (WOS)|

* DBS Bank
* State Bank of Mauritius
* Emirates NBD

Wound up/closed (or in process)|

* Antwerp Diamond Bank
* Citibank

Small finance banks|

* AU
* Fincare
* Capital
* ESAF
* Equitas
* Jana
* North East
* Suryoday
* Ujjivan

Payments banks|

* Airtel
* National Securities Depository
* India Post
* Jio
* Paytm

| Surrendered licencees
or wound up|

* Aditya Birla
* Vodafone M-Pesa
* Tech Mahindra

|

Cooperative
banks|

* Abhyudaya Co-operative Bank.
* Buldana Urban Cooperative Credit Society
* Cosmos Bank
* Dombivli Nagari Sahakari Bank
* Kerala Bank
* Mizoram Co-operative Apex Bank
* Punjab and Maharashtra Co-operative Bank
* Repco Bank
* Saraswat Bank
* Shamrao Vithal Co-operative Bank
* TNSC Bank

Regional rural banks|

* Assam Gramin Vikash Bank
* Bangiya Gramin Vikash Bank
* Mizoram Rural Bank
* Paschim Banga Gramin Bank
* Puduvai Bharathiar Grama Bank
* Tamil Nadu Grama Bank
* Uttar Bihar Gramin Bank
* Uttarakhand Gramin Bank
* Vananchal Gramin Bank

| Andhra|

* Andhra Pradesh Grameena Vikas Bank
* Andhra Pragathi Grameena Bank

|

Kerala|

* Kerala Gramin Bank
* North Malabar Gramin Bank
* South Malabar Gramin Bank

Uttar Pradesh|

* Allahabad UP Gramin Bank
* Gramin Bank of Aryavart
* Sarva UP Gramin Bank

Defunct banks|

| Merged|

| PSB|

* New Bank of India
* Dena Bank
* Vijaya Bank
* Allahabad Bank
* Andhra Bank
* Corporation Bank
* Oriental Bank of Commerce
* United Bank of India
* Syndicate Bank

|

SBI|

* Bank of Bombay
* Bank of Calcutta
* Bank of Madras
* Imperial Bank of India
* State Bank of Bikaner & Jaipur
* State Bank of Hyderabad
* State Bank of Indore
* State Bank of Mysore
* State Bank of Patiala
* State Bank of Saurashtra
* State Bank of Travancore
* Bharatiya Mahila Bank

Rescued|

* Global Trust Bank (OBC)
* Lakshmi Vilas Bank (DBS)
* Nedungadi Bank (PNB)
* United Western Bank (IDBI)
* United Industrial Bank (Allahabad Bank)
* Punjab and Maharashtra Co-operative Bank (Unity SFB)

Acquired|

* Bank of Madura
* Bank of Rajasthan
* Bengal Central Bank
* Centurion Bank of Punjab
* Chartered Bank of India, Australia and China
* Grindlays Bank
* National Bank of India
* ING Vysya Bank
* Mercantile Bank of India, London and China
* Lord Krishna Bank
* Suvarna Sahakari Bank
* Times Bank
* Vysya Bank

| PSB|

* Bharat Overseas Bank
* Pandyan Bank

|

Wound up|

* Bank of Chettinad
* Dass Bank

Failed|

* Alliance Bank of Simla
* Arbuthnot & Co
* Commercial Bank of India
* Exchange Bank of India & Africa
* (New) Oriental Bank Corporation
* Oudh Commercial Bank
* Madhavpura Mercantile Cooperative Bank

Liquidated|

* Bengal Bank (1784)
* Bank of Bombay (1720)
* Bank of Hindostan
* General Bank of India
* General Bank of Bengal and Bihar
* Nath Bank
* Palai Central Bank
* The Commercial Bank (1819)
* The Calcutta Bank (1824)
* The Union Bank (1828)
* The Government Savings Bank (1833)
* The Bank of Mirzapore (1835)
* Travancore National and Quilon Bank

Networks|

| Interbank networks|

* Cirrus
* NFS
* PLUS

|

ATM networks|

* BANCS
* Cashnet
* CashTree
* MITR

Cards|

* Mastercard
* Debit Mastercard
* Maestro
* RuPay
* Visa
* Visa Debit
* Visa Electron

Online transfers|

* AEPS
* BBPS
* BHIM
* IMPS
* NEFT
* RTGS
* UPI

Payment service
providers|

* Atom
* BHIM
* BillDesk
* CCAvenue
* Paytm
* Sarvatra Technologies
* Zeta India

| Digital wallets|

* Amazon Pay
* BharatPe
* Freecharge
* Google Pay
* Mobikwik
* Payoneer
* PayU
* Payworld
* PhonePe

|

Related topics|

* ATM usage fees
* Bank run
* Black money
* Counterfeit money
* De-materialisation (de-mat)
* Demonetisation
* 2016
* Low denomination coins
* Foreign exchange (ForEx)

* Lists:  List of banks
* List of oldest banks in India

| Protocol
and codes|

* Bharat Bill Payment System (BBPS)
* Indian Financial System Code (IFSC)
* National Unified USSD Platform (NUUP)
* Structured Financial Messaging System (SFMS)

|

Rates &
ratios|

| Rates|

* Bank rate
* Mumbai Inter-Bank Bid Rate - MIBID/Mumbai Inter-Bank Offer Rate - MIBOR
* Mumbai Interbank Forward Offer Rate - MIFOR

|

Ratios|

* Capital Adequacy Ratio - CAR
* Statutory Liquidity Ratio - SLR
* Cash Reserve Ratio - CRR

Regulators|

* Insurance - IRDAI
* Banking - RBI
* Securities - SEBI
* Bankruptcy - IBBI

Insolvency,
bankruptcy and
reconstruction|

| Boards|

* BIFR
* IBBI
* CERSAI

|

Legislation|

* IBC
* SARFESI Act

Companies|

* ARCIL
* Edelweiss ARC
* IAMCL

Legislation|

* Banking Regulation Act, 1949
* Government Securities Act, 2006
* IBC, 2016
* RBI Act, 1934
* SARFESI Act, 2002
* Income-tax Act, 1961
* Companies Act, 2013
* Insurance Act, 1938
* FEMA, 1999
* RDDBFI, 1993

Tribunals|

* Company Law - NCLT
* Appellate - NCLAT
* Debt Recovery - DRT/Appellate - DRAT

Measures|

* Prompt Corrective Action

Other|

* Institute of Banking Personnel Selection
* Mumbai Consensus

*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template