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

Assam Career : Small Industries Development Bank of India (SIDBI) welcomes applications from eligible candidates for the position of Chief Executive Officer in its wholly-owned subsidiary, SIDBI Venture Capital Limited (SVCL).

Assam Career ভাৰতীয় ক্ষুদ্ৰ উদ্যোগ উন্নয়ন বেংকৰ নিযুক্তি ২০২৩

Position: Chief Executive Officer

Number of Vacancies: 1

Qualifications:

Candidates interested in this prestigious role should meet the following criteria:

  • Postgraduates in any subject, including those holding a 2-year full-time degree/diploma in Management.
  • Chartered Financial Analyst (CFA) or Chartered Accountant (CA).

Experience:

The ideal candidate should possess a minimum of 15 years of relevant work experience in one or more of the following areas:

  • Venture Capital
  • Private Equity
  • Investment Banking
  • Fundraising
  • Early Stage Investing

Additionally, candidates should have experience in raising capital for Alternative Investment Funds (AIFs) or SME Ventures or early-stage/start-ups from VC/PE Funds, Angel Investors, International Funds/Institutions, Banks, and other financial entities.

How to Apply:

Interested candidates are invited to submit their applications or resumes no later than October 15, 2023, by either of the following methods:

  • Email: Send your application to recruitment@sidbiventure.co.in. Please use “Application for the post of Chief Executive Officer” as the subject of your email.
  • Post: Send your application by post to the following address:Chairman, SIDBI Venture Capital Limited,SIDBI, Swavalamban Bhavan,C-11, G-Block, 2nd Floor, Bandra Kurla Complex,Bandra (East), Mumbai – 400 051

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FAQs

What is small industrial development of bank of India?

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.

Is SIDBI a government?

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.

Which bank is for small scale industries?

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.

What are the benefits of SIDBI?

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.

Who is eligible for Small Industries Development Bank of India?

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.

What is the salary of Small Industries Development Bank of India?

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/-

Is SIDBI a government or private job?

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 

What is the difference between SIDBI and MSME?

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.

What is the salary of SIDBI grade A officer?

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)

Which bank is best for MSME?

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.

What is MSME bank?

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.

Which is the first small bank?

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.

What is the interest rate of SIDBI?

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

Is SIDBI a good job?

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.

Who regulates SIDBI?

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.

What are the features of SIDBI?

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.

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