SIDBI stands for Small Industries Development Bank

of India. Set up in 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.

 SIDBI retained its position in the top 30 Development

Banks of the World in the latest ranking of The Banker, London. As per the May 2001 issue of The Banker, London, SIDBI ranked 25th both in terms of Capital and Assets .

 Small Industries Development Bank of India is an

independent financial institution aimed to aid the growth and development of micro, small and mediumscale enterprises in India.

 To empower the Micro, Small and Medium Enterprises

(MSME) sector with a view to contributing to the process of economic growth, employment generation and balanced regional development.

 Direct finance Bills finance Refinance International finance Promotional & Development activities

Fixed deposit scheme

Technology Up gradation & Modernization Fund Scheme

{TDMF} Venture Capital Fund Scheme Seed Money Schemes National Equity Fund Scheme

 Expansion of small scale sector and increase its share

in industrial output. Development of rural areas where more than 70% of the population resides. Increase the efficiency of SSIs. Increase the contribution of SSIs in export. More employment generation in rural areas of rural India

 Small industries are back bone of any nation. This is so as

it directly or indirectly generate wealth, improves the economic condition of people by generate employment, contributes to GDP and so on. Thus realizing the importance of this sector, government has come forward with extending many a facilities and supports for the development of SSI in the country. SIDO is one amongst them.

Small Industries Development Organization (SIDO) an apex body at Central level for formulating policy for the development of Small Scale Industries in the country. SIDO is playing a very constructive role for strengthening this vital sector which has proved to be one of the strong pillars of the economy of the country.

 SIDO is headed by Additional Secretary and the

Development Commissioner, small Scale Industry; who maintains a close liaison with government, financial institutions and other agencies which are involved in the promotion and development of small scale units. SIDO is the nodal agency that advises the Ministry of Industry (and other Ministries) in formulating policies and programmers for the development of SSIs.

 SIDO provides economic information services and

advises to the government in policy formulation for the promotion and development of SSIs.

 To formulate policies regarding the promotion and

development of SSI at national level. The implement those plans, programmers and policies of the government in respect of industrial development of the country. To coordinate the activities of all departments, institutions and agencies involved in promoting the SSI. To render all way support and encourage the entrepreneurs to set up and sort out the hurdles.

 To conduct regular and ad hoc training courses through SISIs,

Branch SISIs and extension/production centers; To organize EDPs, motivational campaigns etc. for rural artisans, educated unemployed, women entrepreneurs, and physically handicapped persons; To secure reservations of certain products to be manufactured only by SSIs. To assist and encourage entrepreneurs to set up industrial units in rural and industrially backward areas and industrially backward areas; To estimate the requirements of raw materials of SSI units and to arrange their supplies.

 Small Enterprise Information and Resource

Centre Network: SIDO launched a project (SENSET) in April 1997 for the development and promotion of SSIs. It aims at creating an electronic network (Intranet) for its 21 electronics nodes all over the country, promoting data bases for small enterprises, providing technical know-how, training input and all other basic facilities for setting up and growth of SSI in the country.

 ISO 9000/ISO 14001 Certification Reimbursement

Scheme:

Incentive schemes of Reimbursement of expenses for acquiring quality management system (QMS) ISO 900 Certification Environment Management (EMS) ISO-14001 certification to the extent of 75% or Rs. 75,000 whichever is lower.