About Sidbi

About Sidbi

History

Small Industries Development Bank of India (SIDBI), set up on April 2, 1990 under an Act of

Indian Parliament, 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.

Provision of Charter

SIDBI was established on April 2, 1990. The Charter establishing it, The Small Industries

Development Bank of India Act, 1989 envisaged SIDBI to be "the principal financial institution for the

promotion, financing and development of industry in the small scale sector and to co-ordinate the

functions of the institutions engaged in the promotion and financing or developing industry in the small

scale sector and for matters connected therewith or incidental thereto.

Business Domain of SIDBI

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

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.

Objectives

Mandatory Objectives

Four basic objectives are set out in the SIDBI Charter. They are:

Financing

Promotion

Development

Co-ordination

for orderly growth of industry in the small scale sector. The Charter has provided SIDBI

considerable flexibility in adopting appropriate operational strategies to meet these objectives.

The activities of SIDBI, as they have evolved over the period of time, now meet almost all the

requirements of small scale industries which fall into a wide spectrum constituting modern and

technologically superior units at one end and traditional units at the other

Development Outlook

The major issues confronting MSMEs are identified to be:

Technology obsolescence

Managerial inadequacies

Delayed Payments

Poor Quality

Incidence of Sickness

Lack of Appropriate Infrastructure and

Lack of Marketing Network

There can be many more similar issues hindering the orderly growth of MSMEs. Over the

years, SIDBI has put in place financing schemes either through its direct financing mechanism

or through indirect assistance mechanism and special focus programmes under its P&D

initiatives. In its approach, SIDBI has struck a good balance between financing and providing

other support services.

Co-ordination and Understanding

As an apex institution, SIDBI makes use of the network of the banks and state level financial

institutions, which have retail outlets. SIDBI supplements the efforts of existing institutions

through its direct assistance schemes to reach financial assistance to the ultimate borrowers in

the small scale sector. Refinancing, bills rediscounting, lines of credit and resource support

mechanisms have evolved over the period of time to route SIDBI's assistance through the

network of other retail institutions in the financial system.

Improved levels of co-ordination for development of the small scale sector is also achieved

through a system of dialogue and obtaining feedback from the representatives of institutions of

small scale industries who are on the SIDBI's National Advisory Committee and Regional

Advisory Committees.

SIDBI has entered into Memoranda of Understanding with many banks, governmental agencies,

international agencies, research & development institutions and industry associations to facilitate a

co-ordinated approach in dealing with the issues for development of small scale industries.

SIDBI's MOUs

Banks-(18)

Swiss Agency for Development and Co-operation

Small Industries Development Organisation

Auto Components Manufactures Association

Council for Scientific and Industrial Research

Asia and Pacific Centre for Transfer of Technology

United Nations Industrial Development Organisation

Confederation of Indian Industry

National Research Development Organisation

Government of India for channelising TREAD assistance

Small Enterprise Assistance Funds (SEAF) For setting up of SEAF India SME Equity Fund

and for other capacity building initiatives for SMEs

Mission

"To facilitate and strengthen credit flow to MSMEs and address both financial and developmental gaps in the MSME eco-system"

Vision

To emerge as a single window for meeting the financial and developmental needs of the MSME sector to make it strong, vibrant and globally competitive, to position SIDBI Brand as the preferred and customer - friendly institution and for enhancement of share - holder wealth and highest corporate values through modern technology platform

Shareholding

The entire issued capital of Rs.450 crore has been divided into 45 crore shares of Rs.10 each. Of the

total Rs.450 crore subscribed by IDBI, while setting up of SIDBI, 19.21% has been retained by it and

balance 80.79% has been transferred / divested in favour of banks / institutions / insurance

companies owned and controlled by the Central Government as per the following details:

Shareholding pattern of SIDBI

(as on December 31, 2012)

SL. NO. NAME OF THE SHAREHOLDER NO. OF SHARES HELD % OF HOLDING

1 Industrial Development Bank of India Ltd. 86,450,000 19.21

2 State Bank of India 69,900,000 15.53

3 Life Insurance Corporation of India 64,950,000 14.43

4 Punjab National Bank 21,200,000 4.71

5 Bank of Baroda 19,800,000 4.40

6 Canara Bank 16,700,000 3.71

7 National Bank for Agriculture & Rural Dev. 16,000,000 3.56

8 Bank of India 15,100,000 3.36

9 Central Bank of India 12,700,000 2.82


10 Oriental Bank of Commerce 9,500,000 2.11

11 Union Bank of India 9,500,000 2.11

12 United India Insurance Company Limited 8,300,000 1.84

13 Corporation Bank 7,900,000 1.76

14 Export Import Bank of India 7,900,000 1.76

15 Allahabad Bank 6,300,000 1.40

16 General Insurance Corporation of India 6,300,000 1.40

17 National Insurance Company Limited 6,300,000 1.40

18 New India Assurance Company Limited 6,300,000 1.40

19 Oriental Insurance Company Limited 6,300,000 1.40

20 State Bank of Hyderabad 6,300,000 1.40

21 Syndicate Bank 6,300,000 1.40

22 Dena Bank 4,800,000 1.07

23 Indian Overseas Bank 4,800,000 1.07


24 State Bank of Patiala 4,800,000 1.07

25 Andhra Bank 3,200,000 0.71

26 Bank of Maharashtra 3,200,000 0.71

27 Punjab & Sind Bank 3,200,000 0.71

28 State Bank of Bikaner and Jaipur 3,200,000 0.71

29 State Bank of Travancore 3,200,000 0.71

30 UCO Bank 3,200,000 0.71

31 United Bank of India 3,200,000 0.71

32 State Bank of Mysore 1,600,000 0.36

33 Vijaya Bank 1,600,000 0.36

Grand Total 450,000,000 100

Managenent

The Ministry of Finance, Government of India have vide their Notification dated April 01, 2011,

appointed Shri S. Muhnot as the Chairman and Managing Director of Small Industries Development

Bank of India (SIDBI). Prior to taking up this assignment, Shri Muhnot was the Executive Director of

IDBI Ltd. Before that, he was the Managing Director and CEO of IDBI Capital Market Services Ltd.

Shri Muhnot is a B. Text (Tech), MBA, Certified Associate of Indian Institute of Bankers and Masters

in Ecology and Environment.

Shri Muhnot has wide experience in banking and financing the industrial sector in India. Of his 32

years experience, he has spent 28 years in IDBI Bank where he worked in varied capacities of project

finance, treasury operations, business development, capital markets, merchant banking, trade

finance, etc. His key milestone achievements include, growing outreach and retail business of IDBI

Bank Ltd. and IDBI Capital, setting up of investment banking division, effective utilization of foreign

lines of credit/ technical assistance/IDA etc, ISO:9000 certification for treasury and trade finance

departments of IDBI Bank Ltd etc.

Lucknow

April 04, 2011

BOARD OF DIRECTORS ( AS ON OCTOBER 19, 2012 )

1 Shri Sushil Muhnot Chairman & Managing Director

(CMD)

0522- 22 88 501

email: [email protected]

2 Shri N.K. Maini Deputy Managing Director (DMD) 0522- 22 88 508

3 Shri T.R. Bajalia Deputy Managing Director (DMD) 0522- 22 88 858

4 Shri Amarendra Sinha Government Director 011- 2306 1176

email: [email protected]

5 Shri Anurag Jain Government Director 011- 2374 5151

6 Shri R.K. Bansal Nominee of IDBI Bank 022-22160287

7 Shri J. Chandrasekaran Nominee of State Bank of India

8 Shri B. Manivannan Nominee of Life Insurance

Corporation of India

9 Shri T. Satyanarayana

Rao

Nominated by Government of India 40-2320 2143

Email: [email protected]

1

0Shri Prakash Bakliwal Nominated by Government of India 0788-23 23 111 / 233

2001

mailto:[email protected]



1

1Shri Anil Agrawal Nominated by Government of India 011-26259607 /

26259608

1

2Shri Janki Ballabh Co-opted Director 022-2635-3456

1

3Shri S.K. Tuteja Co-opted Director

1

4Shri P.A. Sethi Co-opted Director 022-2884 5554

Senior Management Team

Shri Sushil Muhnot Chairman & Managing Director 0522-2288501

Shri N K Maini Deputy Managing Director 0522-2288508

Shri T R Bajalia Deputy Managing Director 0522-2288858

Shri N Raman Executive Director 0522-2286319

Chief Vigilance Officer

HEADS OF VERTICALS

Name (Smt./Shri) Designation - Vertical Contact

Details

e-mail ID

Lucknow

R.K.Srivastava Country Head – Centralisation of Back-office 0522- [email protected]

NAME

(SMT. /SHRI)

DESIGNATION

- VERTICAL

CONTACT

DETAILS

E-MAIL ID

Prabhat Agarwal Chief

Vigilance

Officer

0522-

2285510

[email protected]


operations 2288264

S Gunasegaran Country Head – Premises, Hindi 0522-

2287041

[email protected]

P K Saha Country Head – P&D Vertical, SFMC Vertical 0522-

2288461

[email protected]

M. Subramanian Country Head - Audit 0522-

2286838

[email protected]

B K Bose Country Head – Administration, Government

Schemes including Monitoring and Evaluation

0522-

2288872

[email protected]

Mumbai

S.V.G.Nandagopal Country Head – Service Sector Vertical 022-

26541128

[email protected]

n

Harsh Kaul Business Head – I [North & West] 022-

26521294

[email protected]

Bhama

Krishnamurthy

Country Head – Resource Management

Vertical, NBFC Vertical

022-

26541129

[email protected]

S. L. Choudhury Country Head – Risk Management 022-

26540024

[email protected]

Karthik Gopal

Alai

Country Head – Equity Products Vertical, IT

Vertical

022-

26540021

[email protected]











R.P.Malik Country Head – Refinance – Banks, SFC/ SASF

Information Technology

022-

67531139

[email protected]

Namgial Country Head – Stressed Assets and NPA

Management

022-

26505790

[email protected]

Ram Nath Business Head –II [Central, East, North -East

and South]

022-

26541127

[email protected]

U.J.Lalwani Country Head – Corporate Accounts, Taxation,

RBI Coordination , Compliances and MISD,

Business Plan – Budgeting, Review and

Monitoring

022-

26504797

[email protected]

Ramesh

G.Dharmaji

Country Head – Loan Facilitation Services,

Credit Advisory Centres, smallB website and

TCOs

022-

26540025

[email protected]

n

N K Madan Country Head – RFS and Factoring Services,

Trade Financing, Infrastructure and Corporate

Image Enhancement

022-

67531241

[email protected]

Shailendra Mahalwar

Country Head - Legal Vertical (Operations &Policy)

022-67531207

[email protected]

n

Debashis Ghosh Country Head – HR, Training and Board Division 022-67531100

[email protected]

R K Das Country Head - Energy Efficiency and Clean Technology, Information Technology, Economic / MSME Research & Publication, MIS

022-67531139

[email protected]

New Delhi












A. K. Kapur Country Head – Energy Efficiency, Clean

Technologies, including related Structured Debt

011-

23535395

[email protected]

REGIONAL MANAGERS

Region Name

[S/Shri]

Designatio

n

Jurisdiction -

Offices and

States

Contact

Details

Email ID

Ahmedaba

d

K.C.Bhanoo General

Manager

Ahmedabad,

Rajkot,

Gandhidham,

Baroda, Surat

and XBOs –

Gujarat

079-

2754108

5

[email protected]

Bangalore K Natarajan General

Manager

Bangalore,

Hosur and

XBOs –

Karnataka,

part of Tamil

Nadu

080-

6717150

1

[email protected]

Chandigar

h

Smt.

Paramjot

Kaur

General

Manager

Chandigarh,

Jammu,

Ludhiana,

Jalandhar,

Shimla and

0172-

[email protected]





XBO - J&K,

Punjab,

Himachal

Pradesh

Chennai V. Sridharan General

Manager

Chennai,

Ambattur,

Pudducherry –

Part Tamil

Nadu &

Pudducherry

044-

2841370

1

[email protected]

Coimbator

e

P.

Raveendrada

s

General

Manager

Coimbatore,

Kochi, Tirupur,

Erode and

XBOs – Kerala

and Tamil

Nadu

0422-

[email protected]

Faridabad Smt. Rajni

Sood

General

Manager

Faridabad and

Gurgaon –

Haryana

0129-

[email protected]

Guwahati Rahul

Rohatgi

General

Manager

Guwahati,

Aizawl,

Agartala,

Dimapur,

Gangtok,

Imphal,

Itanagar,

Shillong - All

North Eastern

States

0361-

[email protected]

Hyderabad S.Mallikarjun General

Manager

Hyderabad

and

Visakhapttana

m with XBOs –

Andhra

Pradesh

040 -

2323090

3

[email protected]

Indore Allada General Indore, 0731- [email protected]







Sreenivas Manager Bhopal,

Nagpur,

Raipur and

XBOs –

Madhya

Pradesh,

Chhatisgarh &

part of

Maharashtra.

2541191

Jaipur M. K.

Sharma

General

Manager

Jaipur,

Jodhpur and

XBOs –

Rajasthan.

0141-

[email protected]

Kolkatta S

Ramakrishna

n

General

Manager

Kolkata,

Bhubaneshwar

, Ranchi,

Jamshedpur,

Rourkela,

Patna & XBOs

– West

Bengal, Bihar,

Jharkhand and

Odisha

033-

2290416

5

sramakrishnan@sidbi.

in

Lucknow V S Hedaoo General

Manager

Lucknow,

Kanpur,

Varanasi and

XBOs – Uttar

Pradesh

0522-

[email protected]

Mumbai Sanjay Goyal General

Manager

Andheri, BKC,

Mumbai Metro,

Thane and

Panaji –

Mumbai and

Goa

022-

6753134

7

[email protected]

New Delhi Manoj Mittal General

Manager

New Delhi,

NOIDA,

Dehradun and

XBOs – New

011 -

2368246

3

[email protected]







Delhi,

Uttarakhand

and part of

Uttar Pradesh.

Pune Pradeep

Malgaonkar

General

Manager

Pune, Nashik,

Aurangabad

and XBOs –

Maharashtra

020-

[email protected]

Our Associates

CREDIT GUARANTEE FUND TRUST FOR MICRO AND SMALL ENTERPRISES (CGTMSE)

Credit to micro and small enterprises sector is generally perceived as high risk lending, more so,

when there is absence of any collateral. In order to encourage banks to lend more to this sector,

Government of India and SIDBI have set up the Credit Guarantee Fund Trust for Micro and Small

Enterprises (CGTMSE) in July 2000, to provide credit guarantee support to collateral free / third-party

guarantee free loans up to Rs. 100 lakh extended by banks and lending institutions for micro and

small enterprise (MSEs) under its Credit Guarantee Scheme (CGS).

Click to view website

INDIA SME TECHNOLOGY SERVICES LTD.

India SME Technology Services Limited (ISTSL), set up in November 2005, provides a platform for

MSMEs to tap opportunities at the global level for acquisition of modern technologies. ISTSL

http://www.cgtmse.in/


continues to pursue its strategy of rendering technical services for technology transfer and promotion

of energy efficient, environment friendly technologies in the MSME sector. Efforts are being made to

facilitate reduction in Green House Gases in the MSME sector.

In order to strengthen and accelerate the process of technological modernization in the MSME sector,

ISTSL has entered into partnership with various national and international organizations engaged in

similar activities. ISTSL took up the project for implementing Energy Efficient technologies in Stainless

Steel Re-rolling Cluster of Jodhpur, in association with KfW, Germany. The project is now being taken

up for implementing Clean Development Mechanism (CDM) project by implementing Energy

Efficiency measures, which are expected to generate CDM revenues, besides reducing the cost of

fuel being consumed by the units.


SME RATING AGENCY OF INDIA LTD. (SMERA)

SIDBI, along with leading public, foreign and private sector banks and Dun & Bradstreet Information

Services India Private Limited (D&B), set up SME Rating Agency of India Ltd. (SMERA) in September

2005, as an MSME dedicated third-party rating agency to provide comprehensive, transparent and

reliable ratings and risk profiling.


INDIA SME ASSET RECONSTRUCTION COMPANY LTD (ISARC)

India SME Asset Reconstruction Company ltd (ISARC) is the country's first MSME focused Asset

Reconstruction Company striving for speedier resolution of non-performing assets (NPA) by unlocking

the idle NPAs for productive purposes which would facilitate greater and easier flow of credit from the

banking sector to the MSMEs. Set up in April 2008, ISARC's objective is to acquire NPAs and strive to

maximize recovery value through innovative resolution methods. It also complied with the conditions

stipulated by RBI while granting the Certificate of Registration as an ARC and became fully

operational from April 15, 2009.


Subsidary

http://www.isarc.in/

http://www.smera.in/

http://techsmall.com/

SIDBI VENTURE CAPITAL LIMITED (SVCL)

SIDBI Venture Capital Ltd. (SVCL), a subsidiary of SIDBI set up in July,1999, is an asset

management company, presently managing two venture capital funds, viz. the National Venture Fund

for Software and Information Technology Industry (NFSIT) and the SME Growth Fund (SGF) for

providing venture capital assistance to knowledge based MSMEs, especially in the areas of auto

componets, textiles, life sciences, clean technologies, retailing, light engineering, information

technology, services etc.


SIDBI TRUSTEE COMPANY LIMITED (STCL)

CoRpoRate Governance

Fare Practices Code

1. Applications for loans and their processing

a) SIDBI has a comprehensive loan application form for the borrowers including those seeking

assistance up to Rs.2 lakh. In respect of assistance/ loans of upto Rs.5 lakh per borrower, no upfront

fee/ processing fee is charged. Besides, the facility of prepayment of such loans would be available

and no premium would be charged by SIDBI for such prepayment from such borrowers. In respect of

assistance/ loans above Rs.5 lakh per borrower, upfront fee/ processing fee upto 2% of assistance

http://www.sidbiventure.co.in/

sought may be charged. The fee may be refunded in full in case the applicant is not sanctioned any

financial assistance. The facility of prepayment of loans would be available and premium, calculated

as per the extant instructions, would be charged by SIDBI for such prepayment from borrowers

sanctioned assistance above Rs.5 lakh.

b) SIDBI would provide acknowledgements for receipt of all loan applications. The Bank has put in

place risk assessment tools for credit rating which have enabled it to directly reach out to smaller

customers in the SME segment by cutting down the appraisal and processing time. Time frame for

disposal of loan applications, from the date of satisfactory receipt of complete information/ data/

clarifications/ reports, etc., would also be indicated in the acknowledgement of such applications.

c) The Bank would dispose of commercial loan applications upto Rs.2 lakh within 15 working days

after satisfactory receipt of complete information/ data/ clarifications/ reports, etc. The Bank would

endeavour to dispose of commercial loan applications above Rs.2 lakh , normally within a period of 15

working days for proposals falling within the purview of RO/BOs and further period of 15 working days

for proposals to be referred to ZO/HO, after satisfactory receipt of complete information/ data/

clarifications/ reports, etc. from the applicant

d) SIDBI would verify the loan applications within a reasonable period of time. If additional details/

documents are required, borrowers would be intimated at the earliest.

e) In case of all applications which are denied financial assistance, on account of not being found

supportworthy as per the policy framework and/or risk perception of the Bank, either with or without

detailed appraisal, SIDBI would convey in writing, the main reason/ reasons which in the opinion of

the Bank after due consideration, have led to rejection of the loan applications. Such communication

to the applicant would normally be despatched within 10 working days of the rejection.

2. Loan appraisal and terms / conditions

a) With the operationalisation of the Risk Assessment Model, which is an exercise in detailed

risk analysis of the various facets of the projects, SIDBI ensures that there is proper and

scientific assessment of credit application submitted by borrowers. The Bank would carry out

detailed due diligence and appraisal exercise on credit worthiness of the borrower/ project and

would not use margin and security stipulation as a substitute.

b) SIDBI would convey to the borrower the loan/ credit limit along with the terms and conditions

thereof and would keep the borrower's acceptance of these terms and conditions given with his

full knowledge on record.

c) Terms and conditions and other caveats governing credit facilities given by SIDBI arrived at

after negotiation between SIDBI and borrower would be reduced to writing and duly certified by

SIDBI's authorised official. A copy of loan agreement along with a copy each of all enclosures

quoted in the loan agreement would be furnished to the borrower.

d) As far as possible, SIDBI would endeavour that the loan agreement clearly stipulates credit

facilities that are solely at the discretion of SIDBI. These may include approval or disallowance

of facilities, such as, drawings beyond the sanctioned limits, honouring cheques issued for the

purpose other than specifically agreed to in the credit sanction, and disallowing drawing on a

borrowal account on its classification as a non-performing asset or on account of non-

compliance with the terms of sanction. It would also be specifically stated that SIDBI does not

have any obligation to meet further requirements of the borrowers on account of growth in

business etc., without proper review of credit limits.

e) In the case of lending under consortium arrangement, SIDBI, as a participating lender, would

evolve procedures to complete appraisal of proposals in the time bound manner to the extent feasible,

and communicate its decision on financing or otherwise within a reasonable time.

3. Disbursement of loans including changes in terms and conditions

SIDBI would ensure timely disbursement of loans sanctioned in conformity with the terms and

conditions governing such sanction. SIDBI would give notice of any change in the terms and

conditions including interest rates, service charges, etc. The Bank would also ensure that

changes in interest rates and charges are levied on disbursements only with prospective effect.

4. Post disbursement supervision

a) Post disbursement supervision by SIDBI, particularly in respect of loans upto Rs.2 lakh,

would be constructive with a view to taking care of any "SIDBI-related" genuine difficulty that

the borrower may face.

b) Before taking a decision to recall/ accelerate payment or performance under the agreement or

seeking additional securities, SIDBI would give notice to borrowers, as specified in the loan

agreement or a reasonable period if no such condition exists in the loan agreement.

c) SIDBI would release all securities on receiving payment of loan or realisation of loan subject to any

legitimate right or lien for any other claim SIDBI may have against borrowers. If such right of set off is

to be exercised, borrowers shall be given notice about the same with full particulars about the

remaining claims and the documents under with SIDBI is entitled to retain the securities till the

relevant claim is settled/ paid

5. General

a) SIDBI would restrain from interference in the affairs of the borrowers except for what is

provided in the terms and conditions of the loan sanction documents (unless new information,

not earlier disclosed by the borrower has come to the notice of SIDBI).

b) SIDBI would not discriminate on grounds of sex, caste and religion in the matter of lending.

However, this does not preclude SIDBI from participating in credit linked schemes framed for

weaker sections of the society.

c) In the matter of recovery of loans, SIDBI would not resort to undue harassment viz.

persistently bothering the borrowers at odd hours, use of muscle power for recovery of loans,

etc.

d) In case of receipt of request for transfer of borrowal account, either from borrower or from a

bank/ financial institution, which proposes to take over the account, the consent or otherwise

i.e. objection of SIDBI, if any, would normally be conveyed within 21 working days from the

date of receipt of request.

6. Grievance Redressal Mechanism

SIDBI has a Complaints and Grievance Redressal Policy in place to resolve the disputes

arising interalia out of Fair Practices Code. The mechanism ensures that all disputes arising

out of the decisions of SIDBI's functionaries are heard and disposed of by the Competent

Complaint / Grievance Redressal Authority. Besides, in case, the complainant is not satisfied

with the redressal step, the provision of complainant making an appeal to the appellate

authority is also available.

7. Schedule of Fees & Charges

Fees & Charges

1. Term loan

1 Upfront fees/processing fees - one time payment Upto 2% of the loan amount

sanctioned + Applicable Service

Tax

2 Expenses on legal/title search, visits, secretarial

search, valuation of securities and security creation

On actual basis.

3 Interest rate Based on internal rating linked to

PLR

4 Interest rate reset Every two years based on internal

rating

5 Penalty for delayed repayments 2%<

6 Prepayment interest - based on the remaining period

of loan

1 - 3 %

7 Switchover from fixed to floating interest rate 2% of outstanding term loan>

Working capital limit & MSME-RFS backed by Inland letter of credit

Sr.N

o

Fees/charges Rate

1 Upfront fees/processing fees - one time payment 0.50% of the limit sanctioned +

Applicable Service Tax

2 Annual review / renewal charges 0.25% of the limit sanctioned +




On actual basis.

4 Interest rate Based on internal rating linked

to PLR

5 Interest rate reset At the time of annual review /

renewal based on internal rating

6 Penalty for delayed payments 2%

7 Prepayment interest Nil

MSME Receivable Finance Scheme & Invoice Discounting Scheme

SN

o

Fees/charges Rate

1 Upfront fees/processing fees Applicable as per extant

guidelines in force

2 Annual review / renewal charges Applicable as per extant

guidelines in force



On actual basis.

4 Discount / Interest rate Based on internal rating linked

to PLR

5 Discount /Interest rate reset At the time of annual review /




Seller-wise MSME RFS (SRFS)

SN

o

Fees/charges Rate

1 Upfront fees/processing fees - one time payment 0.50% of the limit sanctioned +


2 Annual review / renewal charges 0.25% of the limit sanctioned +


3 Expenses on legal/title search, visits, secretarial On actual basis.


4 Discount rate Based on internal rating linked to

PLR

5 Discount / Interest rate reset At the time of annual review /


6 Handling charges Upto 100/- per bill



Direct Discounting Scheme (Equipment)

SN

o

Fees/charges Rate

1 Upfront fees/processing fees - one time payment Nil

2 Annual review / renewal charges Nil



On actual basis.

4 Discount / Interest rate Based on internal rating linked to

PLR

5 Discount /Interest rate reset As prevailing at the time of

discounting based on internal

rating.



Guarantee Scheme

SN

o

Fees/charges Rate

1 Processing charges 0.25% to 0.50% of the Guarantee amount / limit

to be charged upfront before issue of Letter of

sanction / renewal of limit + applicable service

tax

2 Guarantee commission Financial Guarantee : 1.5% to 3% p.a. +

applicable service tax Performance Guarantee

: 1% to 2% p.a. + applicable service tax

3 Expenses on legal/title search,

visits, secretarial search, valuation

of securities and security creation

On actual basis.

4 Interest rate on invocation of

guarantee

PLR + 4%

Inland Letter of Credit

SN

o

Fees/charges Rate

1 Usance charges Upto 30 day bills : 0.20% Above 30 day bills : 0.30% for first 3

months and 0.10% for every additional 3 months

2 Commitment

charges

0.25% for every 3 months or part thereof for entire period of liability

subject to minimum of 1000/- (including usance charges)

3 Retirement

charges

0.25% of the bills retired

4 Amendment

charges

1000/- for each amendment

1.Upfront fee is payable at the time of sanction. However, no upfront fee/ processing fee will be

charged for loans amount of upto Rs.5 lakh per borrower. Further, the fee may be refunded in full in

case the applicant is not sanctioned any financial assistance.

2.No pre-payment charges will be charged by SIDBI from borrowers whose total loan amount is upto

Rs.5 lakh. Prepayment interest will be charged depending upon remaining period of the loan i.e. 1%

upto 1 year, 2% upto 3 years and 3% in r/o loans with remaining period of more than 3 years.

3. CGTMSE Guarantee fee / Annual Service fee is payable on actual basis.

VIGILANCE

Public Notice

"DO NOT PAY BRIBES. IF ANYBODY OF THIS OFFICE ASKS FOR BRIBE OR IF YOU HAVE ANY

INFORMATION ON CORRUPTION IN THIS OFFICE OR IF YOU ARE A VICTIM OF CORRUPTION

IN THIS OFFICE, YOU CAN COMPLAIN TO THE HEAD OF THIS DEPARTMENT, OR THE CHIEF

VIGILANCE OFFICER / THE SUPRINTENDENT OF POLICE, CENTRAL BUREAU OF

INVESTIGATION AND THE SECRETARY, CENTRAL VIGILANCE COMMISSION"

All complaints to the Central Vigilance Commission may be made in terms of its 'Complaint Handling

Policy' which is available in public domain on the Commission’s website i.e. www.cvc.gov.in.

Complaints can also be lodged online on Commission’s website.

Shri Sushil Muhnot

Chairman and

Managing Director,

Small Industries

Development Bank of

India,

SIDBI Tower,

15, Ashok Marg,

Lucknow- 226001.

Tele.No.

0522 -2288501

Fax No.

0522 -2288494

Email

Add. [email protected]

Shri Prabhat Agarwal

Chief Vigilance Officer,

Small Industries

Development Bank of

India,

SIDBI Tower,

15, Ashok Marg,

Lucknow - 226 001

Tele No

0522 2288510

Fax No.

0522 2288493

Email

Add. [email protected]

The Secretary

Central Vigilance

Commissioner,

Government of

India,

Satarkata

Bhawan,

GPO Complex,

Block A, INA,

New Delhi - 110

023

Tele No.

011 - 24618891

Shri

...............

Superintendent of

Police,

Central Bureau of

Investigation

[Name & Address may

be added as per the

location]

Tele

No. : .......................

Fax

No. : .......................

Whistle Blower Policy

Highlights

As a socially responsible organization, the Bank believes in conducting its affairs in a fair and

transparent manner by adopting the highest standards of professionalism, honesty, integrity

and ethical behaviour. It is committed to developing a culture where it is safe for all to raise

concerns about any unacceptable / unethical practice and any event of misconduct at any

level. Accordingly, it has been decided to introduce a Whistle Blower Policy in the Bank, as

given below :-



http://www.cvc.gov.in/

Important Features

1. CVC shall, as the Designated Agency appointed by the Government of India, receive written

complaints or disclosure on any allegation of corruption or of misuse of office by any employee of the

Bank.

2. The Designated Agency will ascertain the identity of the complainant ; if the complainant is

anonymous, it shall not take any action in the matter.

3. The identity of the complainant will not be revealed unless the complainant himself / herself

has made either the details of the complaint public or disclosed his /her identity to any other

office or authority.

4. While calling for further report/investigation, CVC shall not disclose the identity of the

informant and also shall request the concerned head of the organisation to keep the identity of

the informant a secret, if for any reason the head comes to know the identity.

5. CVC shall be authorised to call upon the CBI or the police authorities, as considered

necessary, to render all assistance to complete the investigation pursuant to the complaint

received.

6. If any person is aggrieved by any action on the ground that he is being victimized due to the

fact that he had filed a complaint or disclosure, he may file an application before CVC seeking

redress in the matter, wherein CVC may give suitable directions to the concerned person or the

authority. 7. If CVC is of the opinion that either the complainant or the witnesses need

protection, it shall issue appropriate directions to the concerned government authorities.

8. In case CVC finds the complaint to be motivated or vexatious, it shall be at liberty to take

appropriate steps.

9. CVC shall not entertain or inquire into any disclosure in respect of which a formal and public

inquiry has been ordered under the Public Servants Inquiries Act, 1850, or a matter that has

been referred for inquiry under the Commissions of Inquiry Act, 1952.

10. In the event of the identity of the informant being disclosed in spite of CVC’s directions to

the contrary, CVC is authorised to initiate appropriate action as per extant regulations against

the person or agency making such disclosure.

Modalities to be observed while lodging complaints under Whistle Blower Policy Any complaint which

is to be made under this policy should comply with the following aspects :

1. The complaint should be in a closed / secured envelope and must be sent directly to the Central

Vigilance Commission, at the following address: The Secretary,

Central Vigilance Commission,

Government of India,

Satarkata Bhavan,

GPO Complex, Block “A”, INA,

New Delhi-110 023

2. The envelope should be addressed to Secretary, Central Vigilance Commission and should

be superscribed “Complaint under the Public Interest Disclosure”. If the envelope is not

superscribed and closed, it will not be possible for CVC to protect the complainant under the

above resolution and the complaint will be dealt with as per the normal complaint policy of

CVC. The complainant should give his/her name and address in the beginning or end of

complaint or in an attached letter.

3. CVC will not entertain anonymous / pseudonymous complaints.

4. The text of the complaint should be carefully drafted so as not to give any details or clue as

to his/her identity. However, the details of the complaint should be specific and verifiable.

5. In order to protect identity of the person, CVC will not issue any acknowledgement and the

whistle-blowers are advised not to enter into any further correspondence with CVC in their own

interest. CVC assures that, subject to the facts of the case being verifiable, it will take the

necessary action, as provided under the Government of India Resolution on PIDPI. If any

further clarification is required, CVC will get in touch with the complainant.

6. The Commission can also take action against complainants making motivated/vexatious

complaints under this Resolution.

Right to Information

Right to Information related information available for downloading

Right to Information Act

Right to Information Rules 2012

Organisation Chart

Pay Scale (as on Dec 31st, 2012)

Subordinate Legislations

Details of Central Public Information Officer (CPIO)

and Appelate Authority

List of Central Assistant Public Information Officers (CAPIOs)

Transparency Officer under the Right to Information Act, 2005 in SIDBI

Cost of providing information to the applicants

Information under section 4 (1)(b) of the Right to Information Act, 2005

Subordinate Legislation

Gazette Notification

Date

Description

1 24/05/2012 Amended SIDBI Staff Regulation

2 24/01/2012 Amendment in SIDBI (Staff) Regulations, 2001

3 01/06/2011 Small Industries Development Bank of India (Employees’

Provident Fund) [Amendment] Regulations, 2011

4 16/11/2010 SIDBI (Payment of Gratuity to Employees) [Amendment]

Regulations, 2010

5 20/07/2006 SIDBI (Issue and Management of Bonds) Regulations, 1990

6 02/07/2004 Small Industries Development Bank of India Act, 1989.

7 09/03/2004 SIDBI (Employees' Provident Fund) Regulations, 1990 as

amended by SIDBI [Employees' Provident Fund] (Amendment)

Regulations, 2004

8 26/07/2003 SIDBI (Appeal to the Central Government) Rules, 2003

9 14/05/2003 SIDBI Gratuity (Amendment) Regulations, 2003

10 17/07/2002 SIDBI Pension Regulations, 2002

11 26/12/2001 SIDBI Staff Regulations, 2001

12 13/11/2000 General Regulations, 2000

Appellate Authority

NAME

DESIGNATION OFFICE ADDRESS

Appellate AuthorityShri Shailendra

Mahalwar

Chief General

Manager

(Legal)

Mumbai OfficeMSME Development

Centre,

Plot No. C11, G Block,

Bandra-Kurla Complex,

Bandra East,

Mumbai - 400051

Tel: 022-67531207

Alternate Appellate

Authority

Shri P. K. Saha Chief General

Manager

Head Office,

Lucknow

SIDBI Tower,

15 Ashok Marg,

Lucknow-226001

(U.P.)

Tel No.0522-

2288461

Central Public

Information Officer

(CPIO)

Shri U. S. Lal General

Manager

(Legal)

Head Office,

Lucknow1st Floor, SIDBI Tower,

15 Ashok Marg,

Lucknow

Tel no.

0522-2287031

Alternate Central

Public Information

Officer (CPIO)

Shri S. S.

Samarth

General

Manager

Head Office,

Lucknow1st Floor, SIDBI Tower,

15 Ashok Marg,

Lucknow

NAME

DESIGNATION OFFICE ADDRESS

Tel no.

0522-2286559

About Sidbi

Documents

Transcript of About Sidbi