Small Industries Development Bank of India (SIDBI) is a financial institution in India that focuses on the development and promotion of small-scale industries. It was established in 1990 as a wholly-owned subsidiary of the Industrial Development Bank of India (IDBI) and later became an independent entity in April 2000.
SIDBI plays a crucial role in supporting the growth and development of small and medium enterprises (SMEs) across various sectors in India. Its primary objective is to provide financial assistance, credit facilities, and other support services to these enterprises, which are considered the backbone of the Indian economy.
The key functions of SIDBI include:
1. Financial Support: SIDBI provides term loans, working capital assistance, and microfinance to SMEs through various financial products and schemes. It also offers refinancing facilities to banks and financial institutions that provide funds to SMEs.
2. Developmental Initiatives: SIDBI undertakes several developmental initiatives to foster entrepreneurship and innovation in the SME sector. It promotes skill development, capacity building, and technology adoption among small businesses. SIDBI also facilitates the creation of business incubators, accelerators, and entrepreneurship development centers across the country.
3. Risk Capital: SIDBI operates a Venture Capital Fund to provide risk capital to innovative startups and high-growth potential enterprises. It invests in sectors like technology, healthcare, renewable energy, and agriculture, supporting their expansion and scaling-up efforts.
4. Credit Guarantee: SIDBI offers credit guarantee schemes to enable easier access to finance for SMEs. These schemes provide collateral-free loans to small businesses by sharing the credit risk with banks and financial institutions.
5. Resource Support: SIDBI assists SMEs in accessing various resources like technology, marketing intelligence, export promotion, and capacity building. It collaborates with industry associations, research institutions, and international agencies to provide relevant support services.
6. Policy Advocacy: SIDBI actively engages with policymakers and government agencies to advocate for policy reforms and initiatives that benefit the SME sector. It represents the interests of small businesses and provides recommendations for creating a conducive business environment.
SIDBI has established a wide network of regional offices and branches across India to ensure better reach and accessibility to SMEs in different regions. It works in collaboration with commercial banks, cooperative banks, and other financial institutions to extend its services to a larger segment of the SME 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:
Position: Monitoring and Evaluation Experts
Number of Vacancies: 02
SIDBI occasionally announces job vacancies for various positions, and one such position is that of Monitoring and Evaluation Experts. Here are some details about this specific vacancy:
Role and Responsibilities:
1. Monitoring and Evaluation: The experts will be responsible for monitoring and evaluating various programs, projects, and initiatives undertaken by SIDBI. This involves assessing the progress, effectiveness, and impact of these initiatives.
2. Data Collection and Analysis: They will collect relevant data and information from different sources, including project reports, surveys, and stakeholder feedback. The experts will analyze this data to evaluate the outcomes and identify areas for improvement.
3. Performance Assessment: They will assess the performance of different programs and projects against predetermined goals, targets, and key performance indicators (KPIs). This includes evaluating financial performance, operational efficiency, and impact on the target beneficiaries.
4. Reporting and Recommendations: Based on their findings and analysis, the experts will prepare comprehensive reports highlighting the strengths, weaknesses, and areas of improvement. They will provide recommendations to enhance the effectiveness and efficiency of the programs.
5. Stakeholder Engagement: The Monitoring and Evaluation Experts will collaborate with various stakeholders, including project teams, government agencies, and external evaluators. They will engage in regular communication and coordination to ensure accurate monitoring and evaluation.
Qualifications and Experience:
1. Educational Qualifications: The candidates applying for the Monitoring and Evaluation Experts position should possess a relevant postgraduate degree in fields such as economics, finance, business administration, or development studies. Additional qualifications in monitoring and evaluation methodologies are desirable.
2. Experience: Applicants are expected to have a minimum of 5-7 years of professional experience in monitoring and evaluation, preferably in the development finance sector. They should have a track record of successfully conducting evaluations, data analysis, and reporting.
3. Skills: Strong analytical and problem-solving skills, proficiency in data collection and analysis tools, and the ability to work with diverse stakeholders are essential for this role. Good communication, report writing, and presentation skills are also required.
Application Process:
The application process for SIDBI vacancies typically involves submitting an online application through the official SIDBI recruitment portal. Interested candidates need to fill out the application form, upload their resume, and provide relevant details about their qualifications, experience, and contact information. The selection process may include written tests, interviews, and/or group discussions, depending on the vacancy and the number of applicants.
It’s important to note that the information provided here is based on general understanding, and the specific vacancy details, application process, and qualifications may change from time to time. To get the most accurate and up-to-date information about the Monitoring and Evaluation Experts vacancy at SIDBI, interested candidates should refer to the official SIDBI website or the recruitment notifications published by SIDBI.
Education Info:-
According to the provided information, candidates applying for job positions should have completed a Bachelor’s Degree in Engineering/Technology with good academic records from a well-recognized institute or board. Here is a description of the education requirements:
Degree: Bachelor’s Degree in Engineering/Technology
The candidates should have successfully completed their undergraduate studies in the field of Engineering or Technology. The specific discipline or specialization within Engineering/Technology may vary based on the job requirements and the organization’s needs.
Academic Records:
The candidates should have a good academic track record throughout their Bachelor’s Degree program. This typically implies that they should have performed well and achieved satisfactory grades in their courses and examinations.
Well-recognized Institute/Board:
The educational institution from which the candidates have obtained their Bachelor’s Degree should be well-recognized. This means that it should be a reputable and accredited institute or board that is recognized by relevant educational authorities or professional bodies.
It is important to note that the specific educational requirements may vary depending on the job position, industry, and organization. Candidates should refer to the official job advertisement or the organization’s website for the exact educational qualifications and any additional requirements specified for the particular job they are interested in.
Age Limit:-
The age limit for applying candidates is mentioned as not above 45 years. Here are the key details regarding the age limit:
Maximum Age Limit: 45 years
Applying candidates must ensure that they are below the specified maximum age limit at the time of application. The age limit is typically set to ensure that candidates have a certain level of experience and can contribute effectively to the position.
It’s important to note that the age limit mentioned here is based on the given information, and it may vary for different job vacancies or recruitment cycles. Candidates interested in the specific job vacancy should refer to the official job advertisement or the organization’s website for the most accurate and up-to-date information regarding the age limit and any age relaxations, if applicable.
In some cases, age relaxations may be provided for candidates belonging to certain categories such as SC/ST, OBC, PWD, or ex-servicemen, as per the government norms or organizational policies. Candidates falling under these categories are advised to check the job advertisement for details on age relaxations and the necessary supporting documents to claim the relaxation.
Pay Scale:-
The pay scale for successfully appointed contenders in this recruitment is set at Rs. 1,50,000 – 2,00,000/-. This means that the selected candidates will receive a monthly salary within this range. The exact salary within this pay scale may depend on factors such as the candidate’s qualifications, experience, job position, and the policies of the recruiting organization.
The pay scale mentioned indicates the minimum and maximum salary limits that candidates can expect to receive. The lower limit, Rs. 1,50,000/-, represents the minimum salary that will be offered, while the upper limit, Rs. 2,00,000/-, represents the maximum salary that can be earned.
Candidates are advised to refer to the official job notification or contact the recruiting organization for more accurate and detailed information about the salary and benefits associated with the position.
Postal Address:-
The postal address to send the application is as follows:
General Manager
Green Climate Finance Vertical
12th floor, Atmaram House
Tolstoy Marg
New Delhi – 110001
When sending your application, it is important to ensure that the address is written correctly and completely. Here’s a breakdown of the address components:
Recipient: General Manager
Department/Vertical: Green Climate Finance Vertical
Floor: 12th floor
Building Name: Atmaram House
Street: Tolstoy Marg
City: New Delhi
Postal Code: 110001
It is always recommended to verify the postal address with the specific organization or employer to ensure accurate delivery of your application.
Important Date:-
The important date mentioned is the last date to submit the application form, which is set for 17-07-2023.
Applicants who are interested in applying for the specified position or opportunity must ensure that their completed application form is submitted on or before this date. It is crucial to meet this deadline, as applications received after the specified date may not be considered.
To avoid any last-minute complications or delays, it is advisable for applicants to carefully review the application requirements, gather all the necessary documents, and submit their application well in advance of the deadline. This allows for sufficient time to complete the application process and ensure that it reaches the designated authority by the specified date.
Applicants should keep track of this important date and make sure to submit their application form on or before 17-07-2023 to be considered for the opportunity.
Official Website :-