Functions of Small Industries Development Bank of India

Will you please tell about the main function of Small Industries Development Bank Of India(SIDBI)?

[Kiran Chandar]

Small Industries Development Bank of India (SIDBI), set up on April 2, 1990 . it was set up under an Act of Indian Parliament,.

Functions performed by of SIDBI :

Initiate steps for technological up-gradation and modernization of existing units.

Promote employment oriented industries especially in semi-urban areas to create more employment opportunities and thereby checking migration of people to urban areas.

Expand the channels for marketing the products of SSI sector in domestic and international markets.

Work 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.

Developing industry in the small scale sector


Address:
SIDBI
Ganeshkhind Rd
Model Colony, Shivajinagar
Pune, Maharashtra 411016

Map:

[MAP]Small Industries Development Bank of India Maharashtra[/MAP]

Hello sir i have some work in Small Industries Development Bank of India so I want to the Functions of Small Industries Development Bank , so provide me fast ?

[Raman Vij]

Small Industries Development Bank of India (SIDBI) carry forward its journey

As wholly owned subsidiary of Industrial Development Bank of India .

(IDBI) under the small Industries Development of India Act 1989.

Capital. SIDBI started its operations from April 1990 with an initial authorised capital of Rs. 250 crore,

which could be increased to Rs. 1000 crore.

As you want to know about the Functions of Small Industries Development Bank of India

Here is the Functions-
(i) SIDBI refinances loans and advances provided by the existing lending institutions to the small-scale units.
(ii) SIDBI discounts and rediscounts bills arising from sale of machinery to and manufactured by small-scale industrial units.

(iii) SIDBI extends seed capital/soft loan assistance under National Equity Fund, Mahila Udyam Nidhi and Mahila Vikas Nidhi and seed capital schemes.
(iv) SIDBI grants direct assistance and refinance loans extended by primary lending institutions for financing exports of products manufactured by small-scale units.

(v) SIDBI provides services like factoring, leasing, etc. to small units.
(vi) SIDBI extends financial support to State Small Industries Corporations for providing scarce raw materials to and marketing the products of the small-scale units.

(vii) ) SIDBI provides financial support to National Small Industries Corporation for providing; leasing, hire pur¬chase and marketing help to the small-scale units.

This bank’s Head office is at Lucknow
It has 15 Regional Offices
It has 84 Branches catering to 600 clusters across all the states
This bank’s Total No. of employees – 1046
For getting more details of this bank’s branch go to the official site of Small Industries Development Bank of India
After going you on the new page on left top side you will get a title of credit
You have to click it then you have to click on branch locater
Then a new page will open which will look like this image

Small Industries Development Bank of India branch locater



At here you have to fill the blanks and you can get more information about this bank’ branch.