Assam Career Small Industries Development Bank of India Recruitment 2023: ভাৰতীয় ক্ষুদ্ৰ উদ্যোগ উন্নয়ন বেংকৰ নিযুক্তি ২০২৩

SIDBI is the Principal Financial Institution engaged in promotion, financing & development of the Micro, Small and Medium Enterprises (MSMEs) sector and coordination of the functions of the various institutions engaged in similar activities.

SIDBI is a statutory body established in 1990 through an Act of Parliament. SIDBI functions under the Ministry of Finance, Government of India. SIDBI is the apex body which regulates and gives licenses to Micro, Small and Medium Enterprises Finance Companies.

SIDBI is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector. Besides focussing on the development of the Micro, Small and Medium Enterprise sector, SIDBI also promotes cleaner production and energy efficiency.

Advantages of SIDBI
Provides skill-up support, entrepreneurial guidance, and technology modernisation in addition to looking after an MSME player’s funding needs.
To promote the growth of micro and small businesses, SIDBI offers collateral-free loans of up to ₹1 Crore.

Nationality: Citizen of India. Educational Qualification: A graduate or post graduate degree in any discipline from a state or central recognized university or possess any other equivalent qualification recognized as such by the Central Government.

SIDBI Grade A Salary 2023
Basic Pay
Rs. 28,150/-
Pay Scale
Rs. 28150-1500(4)-34350-1750 (7)-46600-EB-1750(4)-53600-2000(1)-55600(17 years)
Increment
4 stagnation increments
Grade Allowance
Rs. 6000/-

It is under the jurisdiction of Ministry of Finance , Government of India headquartered at Lucknow and having its offices all over the country. The SIDBI was established on April 2, 1990, by Government of India, as a wholly owned subsidiary of IDBI Bank 

SIDBI provides financial support to MSMEs in the following ways: Indirect financing by way of refinancing the banks, refinancing financial institutions for onward lending to MSMEs. Direct financing by way of service sector financing, receivable financing, risk capital and sustainable financing, etc.

SIDBI Grade A Salary- Career Growth
Designation Name
Pay Scale
Grade A Officer
28150 – 1550(4) – 34350 – 1750(7) – 46600 -EB – 1750(4) – 53600 – 2000(1) – 55600 (17 years)
Grade B Officer
35150 – 1750(9) – 50900 – EB – 1750(2) – 54400 – 2000(4) – 62400 (16 years)

Banks providing MSME loans
Banks
Interest rates
State Bank of India
7.65% p.a. onwards
UCO Bank
8.85% p.a. onwards
Indian Bank
9.75% p.a. onwards
United Bank of India
10.25% – 16.25% p.a.

The Micro Small and Medium enterprises (MSMEs) have been accepted as the engine of economic growth and play an important role in the equitable economic development of country. The major advantage of the sector is its employment potential at low capital cost.

Capital Small Finance Bank

Capital Small Finance Bank (erstwhile Capital Local Area Bank) is the India’s first small finance bank founded in April 2016 as a microfinance lender, with its headquarters in Jalandhar, India.

The interest rate for the loan under the SIDBI Speed plus Scheme is 8.80% to 10.50% per annum.

SIDBI is one of the popular organisations to work with as it not only offers a very good salary package to Grade A officers but also a very healthy career growth.

The Reserve Bank of India (RBI)

The Reserve Bank of India (RBI) regulates the Small and Industries Development Bank of India (SIDBI). The other 3 all India financial institutions regulated by the RBI are the National Housing Bank (NHB), National Bank for Agriculture and Rural Development (NABARD), Exim Bank.

SIDBI – Key Features
Provides refinance support to the MSMEs.
Extends monetary and developmental assistance to the small scale entrepreneurs.
Helps in providing concessions and discounts on the Small Scale Industries (SSIs) bills.
Offers financial services such as factoring, hire purchase, and leasing.