Small Industries Development Bank of India (SIDBI) is a financial institution in India that was established on April 2, 1990, as a wholly-owned subsidiary of the Industrial Development Bank of India (IDBI). It was set up with the objective of promoting, financing, and developing the micro, small, and medium enterprises (MSMEs) sector in the country.
SIDBI plays a crucial role in providing financial and non-financial assistance to MSMEs, which form the backbone of the Indian economy. The bank aims to foster the growth and competitiveness of small industries by providing them with access to credit, technology, and other support services.
Some key functions of SIDBI include:
1. Financial Assistance: SIDBI offers various financial products and services to MSMEs, including term loans, working capital loans, project finance, and equipment finance. It also provides support for export-oriented activities and encourages innovation and entrepreneurship.
2. Refinancing and Rediscounting: SIDBI acts as a refinancing institution for banks and financial institutions that provide loans to MSMEs. It refinances a portion of their MSME loan portfolio, thereby encouraging them to extend credit to small industries.
3. Development Initiatives: SIDBI initiates and implements various development programs and schemes to enhance the capacity and competitiveness of MSMEs. These initiatives include skill development programs, technology upgradation schemes, and support for sustainable and green practices.
4. Equity Support: SIDBI invests in equity capital of MSMEs through its subsidiary, SIDBI Venture Capital Limited (SVCL). It promotes the growth of innovative and high-potential enterprises by providing them with equity funding and necessary guidance.
5. Non-Financial Services: SIDBI offers non-financial support to MSMEs in the form of advisory services, mentoring, business incubation, and market development assistance. It aims to enhance the managerial and technical capabilities of small industries to help them thrive in a competitive environment.
SIDBI operates through a network of regional and branch offices across India. It collaborates with various stakeholders, including government agencies, commercial banks, industry associations, and development organizations, to foster the growth and development of the MSME sector.
Mode of Apply:-
Applying for a loan or any other service offered by the Small Industries Development Bank of India (SIDBI) offline typically involves following a set of steps. Here’s a general outline of the mode of applying offline with SIDBI:
1. Obtain the application form: Visit the nearest SIDBI branch or their official website to obtain the relevant application form. You can also request the form by contacting their customer service helpline.
2. Fill in the application form: Carefully read the instructions provided with the form and complete all the required fields. Ensure that you provide accurate and up-to-date information as requested.
3. Gather necessary documents: Along with the application form, you will be required to submit supporting documents as per the specific loan or service you are applying for. These documents may include proof of identity, proof of address, income documents, bank statements, business plan, and any other documents specified by SIDBI.
4. Arrange for attestation (if required): Some documents may need to be attested by a gazetted officer, notary public, or other authorized individuals. Check the instructions provided with the application form to determine if any attestation is required.
5. Submit the application: Once you have completed the form and gathered the necessary documents, visit the SIDBI branch where you obtained the form or the designated submission center. Submit the application form and all the required documents to the appropriate personnel. Ensure that you retain a copy of the application form and supporting documents for your records.
6. Application processing: After submitting the application, it will go through a processing phase where SIDBI will review the provided information and documents. This process may involve verification, assessment of eligibility, and evaluation of the proposed business plan or loan requirements.
7. Follow-up and communication: SIDBI may contact you for any additional information or documentation required during the processing period. It is essential to promptly respond to their requests to avoid delays in the application process.
8. Loan disbursement or service initiation: If your application is approved, SIDBI will proceed with the loan disbursement or initiate the requested service as per the terms and conditions specified. You will be notified about the outcome of your application and the subsequent steps to be taken.
Vacancy Details:-
SIDBI Vacancy Details:
1. Monitoring and Evaluation Experts – 02
SIDBI occasionally announces vacancies for various positions, and one of the positions mentioned is that of “Monitoring and Evaluation Experts.” Here are some details about this specific vacancy:
Number of Vacancies: There are two vacancies available for the position of Monitoring and Evaluation Experts.
Job Description: As a Monitoring and Evaluation Expert at SIDBI, your primary responsibility would be to assess and analyze the effectiveness and impact of various programs, schemes, and initiatives undertaken by the bank. You would be involved in monitoring the progress of projects, evaluating their outcomes, and providing recommendations for improvements. This role requires a deep understanding of monitoring and evaluation methodologies, data analysis, and reporting.
Qualifications and Experience: The specific qualifications and experience required for the Monitoring and Evaluation Experts position at SIDBI may vary. Typically, candidates with a background in economics, finance, business administration, or related fields are preferred. Additionally, experience in project monitoring and evaluation, data analysis, and knowledge of relevant tools and software may be required.
Application Process: To apply for the position of Monitoring and Evaluation Expert at SIDBI, interested candidates need to follow the application process specified by the bank. This usually involves submitting a detailed resume or curriculum vitae (CV) along with a cover letter highlighting relevant experience, skills, and qualifications. The application may be submitted through the official SIDBI website or via email, as mentioned in the job notification.
Selection Procedure: The selection procedure for the Monitoring and Evaluation Experts position typically involves multiple stages, including screening of applications, shortlisting of candidates based on their qualifications and experience, and further rounds of evaluation, such as written tests, interviews, or group discussions. The final selection is based on the candidate’s performance in these stages and their overall suitability for the position.
Salary and Benefits: The salary and benefits offered to Monitoring and Evaluation Experts at SIDBI are competitive and are determined based on factors such as the candidate’s qualifications, experience, and the bank’s internal policies. In addition to a monthly salary, employees at SIDBI are entitled to various allowances, benefits, and perks as per the bank’s rules and regulations.
Education Info:-
To be eligible for job opportunities at the Small Industries Development Bank of India (SIDBI), candidates are required to fulfill certain educational qualifications. Here is a description of the educational requirement typically expected for job seekers:
Qualification: Bachelor’s Degree in Engineering/Technology
Candidates applying for positions at SIDBI are generally expected to have completed a Bachelor’s Degree in Engineering or Technology. This qualification should be obtained from a well-recognized institute or board. The specific field of engineering or technology may vary depending on the nature of the job and the requirements mentioned in the job advertisement.
Good Academic Records:
In addition to the specified educational qualification, job seekers are also expected to have good academic records. This indicates that candidates should have performed well throughout their academic journey, maintaining a strong academic track record. Good academic records typically refer to high grades or scores achieved in the Bachelor’s Degree program.
It’s important to note that the specific educational requirements can vary based on the position and job level within SIDBI. Job seekers are advised to refer to the official job advertisement or SIDBI’s website for the exact educational qualifications and any additional requirements specified for each job vacancy.
Age Limit:-
According to the provided information, the age limit for applying candidates should not exceed 45 years. Here are the key details regarding the age criteria:
Maximum Age: 45 years
Applying candidates must ensure that their age does not exceed the specified maximum limit at the time of application. This implies that candidates who are 45 years old or younger are eligible to apply for the job vacancy.
Therefore, it is advisable to refer to the official job advertisement or the organization’s website to obtain accurate and up-to-date information regarding the age limit for the particular job vacancy.
Additionally, candidates should review the complete job requirements and eligibility criteria mentioned in the official job advertisement. This will ensure that they meet all the necessary qualifications and criteria before applying.
Pay Scale:-
The pay scale mentioned indicates the salary range that successfully appointed candidates will receive for the recruitment in question. In this case, the pay scale is stated as Rs. 1,50,000 – 2,00,000/-.
The pay scale mentioned here indicates that the minimum salary for the appointed candidates will be Rs. 1,50,000 per year, while the maximum salary will be Rs. 2,00,000 per year. The salary is likely to be paid on a monthly basis.
It’s important to note that the actual salary within this range may depend on various factors such as the candidate’s qualifications, experience, job position, and any applicable regulations or policies of the recruiting organization.
Postal Address:-
The postal address provided for sending applications is as follows:
General Manager, Green Climate Finance Vertical,
12th floor, Atmaram House,
Tolstoy Marg,
New Delhi – 110001.
When submitting an application, it is important to ensure that the address is written accurately and completely. Here is a breakdown of the different elements of the address:
1. Recipient: The application should be addressed to the “General Manager, Green Climate Finance Vertical.”
2. Building and Floor: The office is located on the 12th floor of Atmaram House.
3. Street and Locality: The office is situated on Tolstoy Marg, which is a well-known street in New Delhi.
4. City and Pin Code: The address specifies the city as New Delhi, which is the capital of India. The pin code or postal code for the area is 110001.
it is recommended to follow any specific instructions or guidelines provided by the recruiting organization regarding the application submission process.
Important Date:-
The important date provided is as follows:
Last date to submit the application form: 17-07-2023.
This date signifies the deadline by which applicants must submit their application form for the specified opportunity. It indicates that applications will be accepted until the end of the day on the 17th of July, 2023.
It is crucial for prospective candidates to ensure that they complete and submit their application form on or before the mentioned deadline. Failing to do so may result in their application not being considered for the opportunity.
To avoid any last-minute complications, applicants are advised to submit their application well in advance of the deadline, allowing sufficient time for any required documentation or processes.
It is important to note that dates provided here are fictional and used only for illustrative purposes.
Official Website :-