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DR.

RAM MANOHAR LOHIYA


NATIONAL LAW
UNIVERSITY,
LUCKNOW.

SUBJECT: - ECONOMICS
ROLE OF SIDBI IN ENTERPRENEURSHIP
DEVELOPMENT

SUBMITTED TO:
SUBMITTED BY:
Dr. Mitali tiwari
HIMANSHU VERMA
ASST. PROF
NO -57

SECTION- A , ROLL

DR. R.M.L. NLU ,LUCKNOW


-- IInd

SEMESTER

ACKNOWLEDGEMENT

First of all, I would like to thank Dr. Mitali Tiwari for giving me this opportunity to
make the project on such an immense topic and all the support and guidance that I
have received from her, without which this project could not have turned into a
reality. I would also like to thank all my colleagues and seniors for providing me
support and material facts and figures related to this topic. Last but not the least, I
would like to thank my parents for providing me appropriate guidance and support
to prepare the project. All the above mentioned people have very whole heartedly
helped me to make this project in the present shape.

TABLE OF CONTENTS
S.

TOPIC

No
1.

INTRODUCTION

2.

FUNCTIONS OF SIDBI

3.

NEED OF SIDBI

4.

OBJECTIVE OF SIDBI

5.

BUISNESS DOMAIN OF SIDBI

6.

SCHMES OF SIDBI

7.

NEED OF STRENGHTENING SIDBI

8.

CONCLUSION

9.

BIBLIOGRAPHY AND WEB REFERENCES

Pg. No.

INTRODUCTION
The word 'entrepreneur' has an interesting history and it appeared first in French, long before the
emergence of any general concept of entrepreneurial function. In the early sixteenth century man
engaged in leading military expeditions was referred to as entrepreneur. In simple words it can be
explained that the term entrepreneur was used for army leaders. Precisely, finance is to industry
what blood is for body and the leading financial Institutions act as blood banks to the ' large and
medium scale sectors. The transfusion of blood enriches the recipient but does not impoverish
the donor. Financial support from institutional sources is not only essential for the growth of
industry but is perhaps even necessary for its very survival. When finance is easily available,
industrial development can be accelerated as the participation. The Small Scale Industries
Development Bank of India has been a pioneer in the field of small scale industries and
development of entrepreneurship in India. It is an important financial institution in India with
regard to entrepreneurship development. The study highlights the working of SIDBI in the
promotion of entrepreneurship.
The SIDBI was established as a wholly owned subsidiary of Industrial Development Bank of
India (IDBI) under a special Act of the Parliament 1988 and started its operations on April 2,
1990. It took over the responsibility of administering Small Industries Development Fund and
National Equity Fund which were earlier administered by IDBI. It is the Principal Financial
Institution for the Promotion, Financing and Development of the Micro, Small and Medium
Enterprise (MSME) sector and for Co-ordination of the functions of the institutions engaged in
similar activities. It is managed by a team of 10 Board of Directors. The authorised capital of the
Bank is Rs. 1000 crore and the Paid up capital is Rs. 450 crore.

FUNCTIONS OF SIDBI
1. To expand the channels for marketing the products of small scale industries sector in
domestic and international markets.

2. SIDBI refinances loans extended by the primary lending institutions to small scale
industrial units, and also provides resources support to them.
3. SIDBI discounts and rediscounts bills arising from sale of machinery to or manufactured
by industrial units in the small scale sector.
4. To expand the channels for marketing the products of Small Scale Industries (SSI) sector
in domestic and international markets.
5. It provides services like leasing, factoring etc. to industrial concerns in the small scale
sector.
6. To promote employment oriented industries especially in semi-urban areas to create
more employment opportunities and thereby checking migration of people to urban
areas.
7. SIDBI facilitates timely flow of credit for both term loans and working capital to SSI in
collaboration with commercial banks.
8. SIDBI Co-Promotes state level venture funds in association with respective state
government.
9. It grants direct assistance and refinance loans extended by primary lending institutions
for financing exports of products manufactured by small scale units.
10. To initiate steps for technological up- gradation and modernisation of small industries.

OTHER BASIC FUNCTION IN DETAIL


Refinance to SSI:
Refinancing loans and advances provided by commercial banks to small scale industrial units.
Different types of loans are given to small scale industries and as per the recommendations of
Nayak Committee, additional funds have been given to commercial banks for promoting more
borrowings of small scale industries. In fact, there are commercial banks with separate branches
meant exclusively for small scale industries.

Discounting the bills of SSIs:


Apart from discounting the bills of small scale industries, even hurdles arising out of financing
small scale industries are being discounted. The bank credit has gone up to Rs. 2,18,219 crores.
The percentage of bank credit to SSI has gone up to 17.5.

SIDBI offers assistance to exports:


Direct assistance to export oriented units and also to import substituting units in the small scale
sector is given the highest priority. There has been a simplified procedure for the exports of small
scale industries. Products of SSI exporters are displayed in international exhibitions with the help
of SIDBI. Other export related expenditures are borne by SIDBI. Latest packing standards and
training programmes on packing for exports are also financed by SIDBI. Trade delegations and
sales cum study teams are sponsored for small scale sector under Marketing Development
Assistance scheme.

Seed capital and also soft loan Assistance:


Seed capital is provided for starting of SSI units. Under this, the initial expenditure in starting the
small scale units are being met by SIDBI. In addition to that, SIDBI, under this scheme,
undertakes the following activities:

Identification of potential entrepreneurs in the district.

Providing training facility for these entrepreneurs.

Linkage with banks for financial assistance

Follow-up and monitoring the progress

Under soft loan, SIDBI provides long-term loan repayable in a period of 15 to 20 years with a
very low rate of interest.

Non finance services:


Under this scheme, SIDBI undertakes with the help of other institutions marketing survey and
the potentialities of small scale industries in the particular area. Wherever possible, it helps in the
procurement raw materials.

Factoring, Leasing and HP finance:


In factoring services, SIDBI finances 80% of the bills to the seller and after obtaining the
remaining 20% balance, it repays to the seller and for this service it obtains
a factoring commission.

Leasing:
After the increase in the fixed capital limit of Rs. 1 crore to SSI, there has been increasing
demand for leasing equipment. The small scale industries have expanded their activities as lease
finance institutions have enabled them to obtain costly equipment which are otherwise, not
possible within the purview of small scale industries, In fact, this has helped them in
modernizing their industry.

HP finance:
Hire purchase financing has also helped small scale industries in acquiring machinery of a higher
value. In fact, certain machinery are even imported from foreign countries on a deferred payment
basis.

Assistance to other financial institutions:


In every State, State Finance Corporations have been promoted for financing small scale
industries. They are under the control of respective state governments. At the national level, a
separate corporation is promoted for financing small scale industries called National Small Scale
Industries Corporation. This was started in 1995 to promote, aid and ensure faster growth in
small scale industries.

Automatic finance scheme:

Refinance facilities under automatic finance scheme is also provided which was initially for Rs.
50 lakhs. Now with the increase in the capital limit of small scale industries, this finance scheme
has also increased its limit to Rs. 2 crores.

Modernization:
The technology development which has taken place in various industries has also spread to small
scale industries and to meet the requirements of technology upgradation, a separate fund has
been set up by SIDBI, through which it provides Technology upgradation equipment finance.

Venture capital:
Venture capital fund for the promotion of new entrepreneurs has been set up. For this purpose,
IDBI, the holding company of SIDBI provides funds. New ventures in different areas with high
technical knowhow are encouraged under the scheme. Though this scheme is in the initial stage,
this will promote more new small scale industries.

Single window scheme:


This scheme was introduced by SIDBI for providing finance to commercial banks which in turn
will give all kinds of assistance to small scale industries. That is, from registration units to
marketing of products will be undertaken under this scheme.
The creation of SIDBI has certainly improved the growth of small scale industries in the country.

NEED OF SIDBI
The best way of improving rural economy is by creating more employment through dispersal of
various industrial activities so that there will be development of backward areas and at the same
time improvement in the standard of living of the people. The above object could be achieved
easily by the promotion of small scale industry as it contributes nearly 40% of the manufacturing
sector in the country.

In India, small scale industrys contribution during 1998-99 was INR 5,38,357 crores as against
INR. 4,65,171 crores in 1997-98. The growth of SSI was 8.43 per cent. It has an employment
potentiality of 171.58 lakhs. Hence, it is important to create an apex institution which can
provide finance to small scale industries.

Capital of SIDBI
SIDBI has an authorised capital of Rs. 1000 crores which can be increased to Rs. 1000 crores.
The RBI has also allocated INR 10,000 Crores to SIDBI for various venture capital activities and
company startups in 2015. The entire operations of IDBI connected with small scale industries
are now handed over to SIDBI.

Objectives of SIDBI
1.
2.

To promote marketing of products of small scale sector.


To upgrade technology and also undertaking modernization of small
scale units.
3.
To provide more financial assistance to small scale ancillary and tiny
sector.
4.
To encourage employment oriented industries.
5.
To coordinate all the other institutions involved in the promotion of
small scale industries.

Business Domain of SIDBI1


The business domain of SIDBI consists of Micro, Small and Medium Enterprises (MSMEs),
which contribute significantly to the national economy in terms of production, employment and
exports. MSME sector is an important pillar of Indian economy as it contributes greatly to the
growth of Indian economy with a vast network of around 3 crore units, creating employment of
about 7 crore, manufacturing more than 6,000 products, contributing about 45% to
manufacturing output and about 40% of exports, directly and indirectly. In addition, SIDBI's
assistance also flows to the service sector including transport, health care, tourism sectors etc.

SIDBI among Top 30 Development Banks of the World


1 https://www.sidbi.in/?q=about-sidbi

SIDBI retained its position in the top 30 Development Banks of the World in the 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.

SCHEMES OF SIDBI
These are the schemes developed by SIDBI.
National Equity Fund Scheme which provides equity support to small entrepreneurs setting up
projects in Tiny Sector.

Technology Development & Modernisation Fund Scheme for providing finance to existing
SSI units for technology upgradation/modernisation.

Single Window Scheme to provide both term loan for fixed assets and loan for working capital
capital through the same agency.
Composite Loan Scheme for equipment and/or working capital and also for worksheds to
artisans, village and cottage industries in Tiny Sector.
Mahila Udyam Nidhi (MUN) Scheme provides equity support to women entrepreneurs for
setting up projects in Tiny Sector.
Scheme for financing activities relating to marketing of SSI products which provides assistance
for undertaking various marketing related activities such as marketing research, R&D, product
upgradation, participation in trade fairs and exhibitions, advertising branding, establishing
distribution networks including show room, retail outlet, wears-housing facility, etc.
Equipment Finance Scheme for acquisition of machinery/equipment including Diesel
Generator Sets which are not related to any specific project.
Venture Capital Scheme to encourage SSI ventures/sub- contracting units to acquire capital
equipment, as also requisite technology for building up of export capabilities/import substitution
including cost of total quality management and acquisition of ISO-9000 certification and for
expansion of capacity.
ISO 9000 Scheme to meet the expenses on consultancy, documentation, audit, certification fee,
equipment and calibrating instruments required for obtaining ISO 9000 certification.

Micro Credit Scheme to meet the requirement of well managed Voluntary Agencies that are in
existence for at least 5 years; have a good track record and have established network and
experience in small savings-cum-credit programmes with Self Help Groups (SHGs) individuals.

New Schemes
(i) To enhance the export capabilities of SSI units.
(ii) Scheme for Marketing Assistance.
(iii) Infrastructure Development Scheme.
(iv) Scheme for acquisition of ISO 9000 certification.
(v) Factoring Services and
(vi) Bills Re-discounting Scheme against inland supply bills of SSIs.

MAJOR SCHEME
Technology Development & Modernization Fund
SIDBI has set up Technology Development & Modernisation Fund (TDMF) scheme for direct
assistance of small sale industries to encourage existing industrial units in the sector, to
modernise their production facilities and adopt improved and updated technology so as to
strengthen their export capabilities. Assistance under the scheme is available for meeting the
expenditure on purchase of capital equipment acquisition of technical know-how, upgradation of
process technology and products with thrust on quality improvement, improvement in packaging
and cost of TQM and acquisition of ISO-9000 series certification.
SIDBI in July 1996 had permitted SFCs and promotional banks to grant loans for modernisation
projects costing upto Rs. 50 lakhs. The Coverage of the TDMF scheme has been enlarged w.e.f.
1.9.1997. Non-exporting units and units which are graduating out of SSI sector are now eligible
to avail assistance under this scheme.

National Equity Fund

National Equity Fund (NEF) under Small Industries Development Bank of India (SIDBI)
provides equity type assistance to SSI units, tiny units at one per cent service charges. The scope
of this scheme was widened in 1995-96 to cover all areas excepting Metropolitan areas, raising
the limit of loan from Rs. 1.5 lakhs to Rs. 2.5 lakhs and covering both existing as well as new
units:

(a) The following are eligible for assistance under the scheme:1. New projects in tiny and small scale sectors for manufacture, preservation or processing
of goods irrespective of the location (except for the units in Metropolitan areas).
2. Existing tiny and small scale industrial units and service enterprises as mentioned above
(including those which have availed of NEF assistance earlier), undertaking expansion,
modernisation, technology upgradation and diversification irrespective of location
(except in Metropolitan areas).
3. Sick units in the tiny and small scale sectors including service enterprises as mentioned
above, which are considered potentially viable, irrespective of the location of the units
(except for the units in Metropolitan areas).
4. All industrial activities and service activities (except Road Transport Operators).
(b) Project cost (including margin money for working capital) should not exceed Rs. 10 lakhs in
the case of new projects in the case of existing units and service enterprises, the outlay on
expansion/modernisation/technology upgradation or diversification or rehabilitation should not
exceed Rs. 10 lakh per project.
(c) There is no change in the existing level of promoters' contribution at 10% of the project cost.
However, the ceiling on soft loan assistance under the Scheme has been enhanced from the
present level of 15% lakh per project to 25% of the project cost subject to a maximum of Rs. 2.5
lakh per project.

DIRECT ASSISTANCE SCHEMES


SIDBI directly assists SSIs under
1. Project Finance Scheme
2. Equipment Finance Scheme
3. Marketing Scheme

4. Vendor Development Scheme


5. Infrastructural Development Scheme
6. ISO-9000
7. Technology Development & Modernisation Fund
8. Venture Capital Scheme
9. Assistance for leasing to NBFCs, SFCs, SIDCs and
10. Resource support to institutions involved in the development and financing of small scale
sector.
These Schemes are mainly targeted at addressing some of the major problems of SSIs in areas
such as high tech project, marketing, infrastructural development, delayed realisation of bills,
obsolescence of technology, quality improvement, export financing and venture capital
assistance.
INDIRECT ASSISTANCE SCHEMES
Under its indirect schemes, SIDBI extends refinance of loans to small scale sector by Primary
Lending Institutions (PLIs) viz. SFCs, SIDCs and Banks. At present, such refinance assistance is
extended to 892 PLIs and these PLIs extend credit through a net work of more than 65,000
branches all over the country.
All the Schemes of SIDBI both direct and indirect assistance are in operation in all the States of
the country through 39 regional/branch offices of SIDBI.
Promotional and Development Activities
SIDBI is actively involved in promoting tiny and small scale industries by means of its
promotional and developmental activities through suitable professional agencies for organising
Entrepreneurship Development Programmes, Technology Upgradation & Modernisation
Programmes, Micro Credit Schemes and assistance under Mahila Vikas Nidhi to bring about
economic empowerment of women specially the rural poor by providing them avenues for
training and employment opportunities.
A.

Refinance against term loans in respect of


projects/activities eligible for assistance
under the Scheme

Interest on term loans for Interest on


fixed asets and working Refinance (%
capital advances
p.a.)

(excluding interest tax) (%


p.a.)
(i) Upto and inclusive of Rs. 25,000

12.0

9.0

(ii) Over Rs. 25,000 and upto Rs. 2 lakh

Not exceeding 13.5

10.5

B. Refinance against term loans in respect of


Interest on term loans
Interest on
projects/activities eligible for assistance under (excluding interest tax) (% Refinance (%
TDMF and ISO 9000 Schemes (Applicable to p.a.)
p.a.)
all eligible institutions) (except RRBs)
(i) Upto and inclusive of Rs. 25,000

12.0

9.0

(ii) Over Rs. 25,000 and up to Rs. 2 lakh

Not exceeding 13.5

10.5

(iii) Over Rs. 2 lakh

Not exceeding 14.0*

12.0

SIDBI's ASSISTANCE
Top

(i) Tiny Units - about 89.2 per cent of the number of projects assisted under Refinance Scheme
during 1996-97 were tiny, receiving assistance upto Rs. 5 lakh per project. The sanctions for such
projects accounted for 39.6% of the total amount of sanctions in 1996-97 as against 36.0%
during the previous year.
(ii) Women entrepreneurs - under various schemes assistance amounting to Rs. 19.07 crores
was given to 1067 women entrepreneurs during 1996-97.
(iii) Backward areas - during 1996-97, projects emanating from backward areas received
assistance to the tune of Rs. 775 crores of sanction which accounted for 37% of total assistance
under Refinance Scheme of SIDBI.
Measures to simplify Rules/Regulations
To fill the gaps in the existing structure of credit delivery mechanism to the small scale sector,
Small Industries Development Bank of India (SIDBI) keeps on effecting simplification of
procedures, liberalisation of new schemes and introduction of new schemes.

- Endeavour of SIDBI is to ensure that no worthwhile proposal is denied credit for want of
funds.
- Norms laid down by Reserve Bank of India and Government of India are followed by SIDBI
for granting assistance to SSI units.
Liberalisation effected
(i) Enhancement in the ceiling on loan amount of the Composite Loan Scheme to Rs. 2 lakh from
the earlier ceiling of Rs. 50,000/- to ensure timely availability of term loan and working capital
to the small units. The scheme was also liberalised to include units in all areas other than
metropolitan areas.
(ii) Scope of Technology Development & Modernisation Fund Scheme and Refinance Scheme
for Technology Development & Modernisation has been expanded to cover non-exporting
SSIs/ancillary units graduating out of SSI sector for assistance under the scheme.
(iii) Scope of Single Window Scheme has been enlarged to cover modernisation, technology
upgradation in addition to new SSI units. Project outlay under the scheme has been gradually
raised from s. 30 lakhs to Rs. 100 lakhs. Simultaneously, the sub-limits for working capital and
term loan components has been done away with.

NEED FOR STRENGHTENING SIDBI


The State Financial Corporations have been passing through a critical phase of trial and
tribulation during the past decade marked by process of liberalisation and financial sector
reforms. It is a well-known fact that the State Financial Corporations were set up in the country
at a time when no other financial institution existed to promote and finance small scale and tiny
industries in the rural areas and backward regions of the States. These institutions were not
created for profit-maximization, but for fulfilling certain critical socio-economic obligations like
entrepreneurial development, employment generation, removal of poverty, reduction in regional
imbalances, etc. The SFCs, over a period of more than four decades, have played a pivotal role in
spreading industrial culture in the far-flung areas of the States and have succeeded to a large
extent in the promotion of first generation entrepreneurs. The present status of small scale sector
in the country today owes a great deal to the role played by SFCs.
SFCs suffered a serious setback as a result of ongoing liberalisation and financial sector reforms
since they had to function within the bounds of SFCs Act, while the commercial banks and other
financial institutions were functioning with greater autonomy and operational flexibility.
Therefore, during the past eight years, the working and financial position of SFCs registered a
steep fall because of their vulnerability to the market forces and their inability to compete with
commercial banks and other financial institutions. In order to provide a level-playing field to the
SFCs, the SFCs Act, which was passed in 1951, should have been amended to bring it in tune

with the changing business environment. At long last, however, with the sustained efforts of
COSIDICI, the SFCs Act has been amended by the Govt. of India. The amendments have
removed a big legal hurdle in bringing about the desired reforms in the working of SFCs. The
most important amendments relate to widening and broadbasing the definition of `Industry' and
enlarging the scope of activities of SFCs. Another redeeming feature of these amendments is a
steep hike in the limit of accommodation to an industrial concern. The amendments, in short,
have paved the way for SFCs to function like all-India financial institutions, provided necessary
support is extended to them from State Governments and SIDBI. Simultaneously, with the
amendment of the SFCs Act, the Govt. of India, Ministry of Finance had set up a High Level
Committee on Restructuring of SFCs. The Committee, headed by Shri G.P. Gupta, the then
Chairman and Managing Director, IDBI, has submitted its report to the Government. The
Committee has made comprehensive recommendations for recapitalisation and revitalisation of
SFCs. If the recommendations of the Committee, together with amendments in the SFCs Act, are
implemented in letter and spirit, there does not seem to be any reason why the SFCs should not
become vibrant financial institutions and regain their past glory and lustre.
The Small Industries Development Bank of India (SIDBI), set up in 1990, was conceived as the
principal financial institution at the apex level for promotion, financing and development of
industry in the small, tiny and cottage sectors. SIDBI has an overall responsibility for enacting
policy and procedural guidelines with regard to the operations of SFCs. SIDBI has since been delinked from IDBI after the SIDBI Act was amended last year and as a result, 51% holding of
IDBI shares in SIDBI are in the process of being transferred to commercial banks and all-India
financial institutions. Further, IDBI's share-holding in SFCs would also be transferred to SIDBI
under the SFCs (Amendment) Act, 2000. All the discretionary powers hitherto vested with IDBI
in the principal Act, now vest with SIDBI under the amended Act. SIDBI under the new
dispensation has been entrusted with the overall responsibility to look after the interests of SFCs,
including provision of adequate refinance facilities. The success of the reforms brought about by
the amendments in the SFCs Act, as also the recommendations of the High Level Committee,
would largely depend upon the responsiveness of SIDBI to the needs and aspirations of SFCs.
This, undoubtedly, calls for strengthening SIDBI organisationally and financially to cope with
this responsibility and meet the genuine refinance requirements of SFCs.
The operational limits prescribed under various provisions of the amended Act could be
increased by the State Governments on the recommendations of SIDBI keeping in view the
business requirements of SFCs. These limits relate to augmentation of share-capital base,
borrowings from outside agencies, including floatation of bonds and debentures, limit of
accommodation to industrial units, eligibility of industrial units to borrow from SFCs in terms of
owned-funds, etc. etc. Since limit of accommodation to individual units has been increased to
Rs.5 crore and Rs.2 crore in the case of companies and individuals respectively with a provision
to increase it further to Rs.20 crore and Rs.5 crore respectively on the recommendations of
SIDBI, the SFCs were now in a position to finance comparatively bigger industrial units having
large credit requirements. Consequently, the refinance requirements of SFCs have gone up
substantially and they have started approaching SIDBI for meeting their requirements. In terms
of the Act, SFCs cannot finance industrial units whose owned-funds exceed Rs.10 crore. This
limit could be increased to Rs.30 crore by the State Government on the recommendation of
SIDBI. The SFCs, while approaching SIDBI for enhanced refinance limit, have also requested

them to recommend the increase in this threshold limit to the State Government to enable them to
avail of these relaxations. It has, however, been noticed that the response from SIDBI to the
above request being made by SFCs has not been encouraging. SIDBI is reported to have
expressed its reservations to increase the refinance limits as also enhancement in the level of
owned-funds of the borrowing units. The reluctance on the part of SIDBI to release adequate
refinance to eligible SFCs to enable them to finance medium scale industrial units appears to be
retrograde step and tends to defeat the very purpose of enhancing the accommodation limit. In
the absence of adequate availability of refinance from SIDBI and inability of SFCs to mobilize
their own resources, the present trend of industrial units going away from SFCs to commercial
banks and other financial institutions would continue unabated to the detriment of SFCs'
interest.
Since the SFCs have been conceived as institutions of national importance engaged in the
strategic task of promoting industrialisation in the rural and backward regions of the States,
SIDBI and the State Governments must provide required support to enable them to play their
envisaged developmental role in the national economy.

CONCLUSION
All over the world public policy is increasingly directed towards the promotion of small-scale
industrial units. This is partially because these small-scale enterprises form an important p.ut of
any economy, even of the most developed economies. Approximately two thirds of the
businesses all over the world are small and medium enterprises, which have traditionally been
known for their agility of response to the changing environment. In the development dynamics of
Indian economy, the small-scale sector, which covers a wide spectrum of industries, occupies a
prominent place. It has undoubtedly grown into one of the most vital sectors of our economy.
The SSI sector confronts several problems despite its strategic importance in any
industrialization strategy and its immense potential for employment generation. Among these,

the problems of finance are the most important and at the same time the most acute too. The
Government of India in its endeavor to promote, the small-scale sector, established Small
Industries Development Bank of India (SIDBI) in April 1990 under an Act of the Parliament.
SIDBI today, has to perform in a competitive environment where resources are scarce and mostly
available at market-determined rates (as against the high protection and subsidized resources
provided earlier by the Government of India and some foreign agencies). SIDBI requires the
taking of a proactive and a forward-looking approach to face the impending, market and other
competitive forces.

BIBLIOGRAPHY

Ajmeri, Sanjay. Role of Financial Institutions in Entrepreneurial Development:An


Indepth Study of GSFC, GIIC and SIDBI.

Sahoo,Laxmidhar , Ashok Kumar Mohanty.

the Post Reform Era

Developing SMEs in India: Study of SIDBI in

WEB REFRENCES

http://www.papertyari.com/general-awareness/banking/small-industries-developmentbank-india-sidbi/
http://connection.ebscohost.com/c/articles/89746855/role-small-industries-developmentbank-india-sidbi-promotion-entrepreneurship-u-p
http://www.yourarticlelibrary.com/banking/main-functions-of-small-industriesdevelopment-bank-of-india-sidbi
http://accountlearning.com/sidbi-origin-objectives-and-functions/

http://exim.indiamart.com/ssi-finance/sidbi.html

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