SIDBI: Supporting the Growth of Micro, Small and Medium Enterprises in India, Lecture notes of Esthetics

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Presented BY:

Swati kumari

Kundan kumar

Amrit kant jha

OVERVIEW

 (^) SIDBI set up on April 2, 1990, under an act of Indian parliament ,  (^) SIDBI headquarter situated in Lucknow.  (^) As on march 31,2012 the authorized capital of SIDBI is 1000 crore and paid up capital is 450 crore.  (^) As per the union budget 2011-12, SIDBI has been allocated 5000 crore to SIDBI for refinancing banks/ SFCs at concessional rate , out of which SIDBI received ‘4711’ crore , which has been channelized to bank / SFCs.  (^) Presently acts as the principle financial institution for the promotion , financing and development of the micro, small and medium enterprise (MSME) sector and also co-ordinates the functions of the institution engaged in similar activities.

SIDBI’s Venture Capital

covers some major initiatives

which take care of start-up

funding.

This includes Start-ups Lifecycle

along with SIDBI’s interventions,

Funds of Funds for Start-ups,

Aspire Fund and India Aspiration

Fund.

 Start-ups Lifecycle along with SIDBI’s interventions: There

are new start-ups and ventures in the field of business that

require the right funding from time to time. This initiative helps in

providing the funds with the help of banks, NBFCs and SFBs

 Funds of Funds for Start-ups: The Government of India started

with this initiative to support various Alternate Investment Funds

(AIFs) with the idea that it will bring some contribution to the

start-up businesses. It aims to support the growth and

development of the enterprises which are innovation driven

 Aspire Fund: Aspire fund focuses on providing financial backing

to start-ups who are in the initial stages of setting up

manufacturing and services

 India Aspiration Fund: With the support of RBI, India Aspiration

Fund was set up in order to promote equity and equity based

investments in start-ups and the MSME sector

STEP 2:

Go to the Login section and select the tab of ‘Applicant’ under that.

STEP 3: Under the Applicant tab, click on ‘New User’

STEP 5:

After filling the two fields, the loan application form will expand asking for some mandatory information including personal and business related details.

STEP 6:

After filling the application, click on Register. An account activation mail will be sent to your email containing the username and password. Login the portal with new credentials and a new form will appear asking information about your business activities

Initiative taken by SIDBI to develop and support MSME ecosystem

• Workspaze Initiative taken by SIDBI in partnership with incuspaze. It provides ready infrastructure & office facilities like workststions,conference room to take care the requirement of MSMEs and startups.
• Management and skill development institute MSDI a joint startup of SIDBI and union bank of india in murshidabad district of W.B For counselling and training support to unemployed youth and budding entrepreneur

Initiative taken by SIDBI to develop and support MSME ecosystem

• (^) Tie-ups with leading institution 

Entrepreneurship development

program for SMEs

at IIM lucknow has been started in

association

with SIDBI.