Small Industries Development Bank of India (SIDBI) is a financial institution based in India that was established in 1990. It operates as an independent organization under the supervision of the Ministry of Small Scale Industries and is headquartered in Lucknow, Uttar Pradesh.
SIDBI's primary objective is to facilitate the growth and development of small-scale industries (SSIs) in the country. It plays a crucial role in the promotion, financing, and development of these industries by providing various financial and non-financial services. SIDBI acts as a principal financial institution for coordinating and ensuring the flow of credit to small industries across India.
Key functions of SIDBI include:
1. Financing: SIDBI provides financial assistance to small-scale industries through direct lending as well as through various credit delivery mechanisms. It offers term loans, working capital loans, and equipment financing to meet the financial requirements of SSIs.
2. Refinancing: SIDBI refinances loans provided by commercial banks and other financial institutions to small-scale industries. This encourages banks to extend credit to SSIs by mitigating their risk.
3. Development Programs: SIDBI initiates and implements various developmental programs aimed at enhancing the competitiveness and capabilities of small industries. These programs focus on areas such as technology upgradation, skill development, market access, and entrepreneurship development.
4. Equity Support: SIDBI provides equity support to small-scale industries through its subsidiary, the Small Industries Development Bank of India Venture Capital Ltd. (SIDBI Ventures). This helps in meeting the equity requirements of SSIs and promotes their growth and expansion.
5. Risk Management: SIDBI assists small industries in managing their risks by offering risk management products such as credit guarantees, factoring services, and venture capital funding.
6. Policy Advocacy: SIDBI actively engages with policymakers and government agencies to advocate for policies and regulations that are conducive to the growth of small-scale industries. It represents the interests of SSIs and provides inputs on policy matters related to the sector.
SIDBI has played a significant role in promoting entrepreneurship and supporting small-scale industries in India. It has helped in creating employment opportunities, fostering innovation, and contributing to the overall economic development of the country.
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:
SIDBI periodically announces vacancies for various positions to strengthen its workforce and support its operations. One of the recent vacancies advertised by SIDBI is for the position of Monitoring and Evaluation Experts. Here are the details of the vacancy:
Position: Monitoring and Evaluation Experts
Number of Vacancies: 02
Job Description:
Monitoring and Evaluation Experts at SIDBI are responsible for assessing and evaluating the performance, impact, and effectiveness of various projects and initiatives undertaken by the organization. They play a crucial role in analyzing data, monitoring project progress, identifying bottlenecks or issues, and providing recommendations for improvement. Their primary objective is to ensure that the projects are executed as per the defined goals, targets, and timelines.
Key Responsibilities:
1. Develop monitoring and evaluation frameworks, methodologies, and tools for projects.
2. Collect, analyze, and interpret project data to assess performance and impact.
3. Conduct site visits, interviews, and surveys to gather relevant information.
4. Identify key performance indicators (KPIs) and set targets for project evaluation.
5. Track project progress and milestones against the defined objectives.
6. Identify areas of improvement, risks, and challenges in project implementation.
7. Prepare reports, presentations, and recommendations based on evaluation findings.
8. Collaborate with project teams, stakeholders, and partners to ensure effective monitoring and evaluation.
9. Provide guidance and support to project teams in implementing monitoring and evaluation activities.
10. Stay updated with the latest trends, best practices, and methodologies in monitoring and evaluation.
Qualifications and Experience:
1. Educational Qualification: Candidates should possess a post-graduate degree in a relevant field such as Economics, Business Administration, Development Studies, or a related discipline. A specialization in Monitoring and Evaluation is preferred.
2. Experience: Applicants should have a minimum of 5 years of relevant work experience in monitoring and evaluation, preferably in the development finance sector or related domains. Experience in designing and implementing monitoring and evaluation frameworks and conducting impact assessments would be an added advantage.
3. Skills: Strong analytical skills, proficiency in data analysis tools and techniques, excellent communication skills (both written and verbal), ability to work in a team, and good project management skills are desired.
Selection Process:
The selection process for Monitoring and Evaluation Experts at SIDBI typically involves multiple stages, including application screening, shortlisting of candidates based on qualifications and experience, and interviews. The final selection is based on the candidate's performance in the interview and their suitability for the role.
How to Apply:
Interested candidates can apply for the position of Monitoring and Evaluation Experts at SIDBI by following the application procedure mentioned in the official vacancy notification. The application process may include filling out an application form, attaching relevant documents (such as resume, educational certificates, experience certificates), and submitting the application through the designated mode (online or offline) as mentioned in the notification.
Education Info:-
For job seekers interested in positions at SIDBI, the educational requirement often includes a Bachelor's Degree in Engineering/Technology with good academic records. Here are the details:
Qualification: Bachelor's Degree in Engineering/Technology
Institute/Board: The degree should be obtained from a well-recognized institute or board.
Key Points:
1. Bachelor's Degree: Applicants should have completed a full-time Bachelor's Degree program.
2. Field of Study: The degree should be in Engineering or Technology. The specific discipline or specialization may vary depending on the job role or department.
3. Good Academic Records: Candidates are expected to have performed well academically throughout their degree program. Good academic records typically imply achieving a certain minimum percentage or grade point average (GPA). The exact requirements may be mentioned in the job advertisement or the application instructions.
It's important to note that the specific educational requirements can vary based on the position, level of seniority, and specific job responsibilities. Candidates are advised to carefully review the job advertisement or the official SIDBI website for the most accurate and up-to-date information regarding the educational qualifications required for a particular job opening.
Age Limit:-
According to the provided information, the age limit for applying candidates must not exceed 45 years. Here are the key details regarding the age limit:
Maximum Age Limit: 45 years
Applying candidates should ensure that their age does not exceed 45 years at the time of application. This implies that candidates who have crossed the age of 45 are not eligible to apply for the mentioned job vacancy.
It's important to note that age limits can vary for different job vacancies and organizations. The specified age limit is subject to the requirements of the specific position and can change from one recruitment cycle to another. It's advisable for candidates to refer to the official job advertisement or the organization's website to obtain the most accurate and up-to-date information regarding the age limit for the particular vacancy they are interested in.
Candidates should carefully review the age limit criteria mentioned in the official job advertisement to determine their eligibility. Any relaxation in the age limit, if applicable (such as for reserved categories or as per government regulations), should also be considered and clarified in the official job advertisement.
Pay Scale:-
The pay scale mentioned, "Rs. 1,50,000 - 2,00,000/-," indicates the salary range that will be provided to individuals who are appointed successfully for the recruitment in question. The salary range is stated in Indian Rupees (INR).
In this case, the minimum salary is Rs. 1,50,000, while the maximum salary is Rs. 2,00,000. The actual salary offered within this range will depend on various factors such as the candidate's qualifications, experience, job role, and the organization's salary structure.
It is advisable for candidates to refer to the official recruitment notification or contact the recruiting organization for accurate and up-to-date information regarding the salary structure and any associated benefits.
Postal Address:-
To submit your application, you need to send it to the following postal address:
General Manager, Green Climate Finance Vertical
12th floor, Atmaram House,
Tolstoy Marg,
New Delhi – 110001
When preparing your application, ensure that you address it to the General Manager of the Green Climate Finance Vertical. This individual will be responsible for handling the applications for the position or program you are applying to.
Make sure to include all the necessary documents, such as your resume, cover letter, and any other supporting materials required for the application. It is recommended to review the specific application guidelines provided by the organization or program to ensure you include all the necessary information.
When sending your application, consider using a secure and reliable postal service to ensure that it reaches the destination safely and on time. It may also be a good idea to retain a copy of your application for your records.
Remember to double-check the accuracy of the postal address provided to avoid any potential delivery issues.
Important Date:-
The important date mentioned is the last date to submit the application form, which is 17-07-2023. This date signifies the deadline by which applicants must ensure that their application form reaches the relevant authority or organization.
It is essential for interested individuals to carefully note this date and make sure that they submit their application form on or before the specified deadline. Failing to meet the deadline may result in the application not being considered for the recruitment process.
Applicants should keep in mind that the given date format is in DD-MM-YYYY format, where 17 represents the day, 07 represents the month (July), and 2023 represents the year.
This allows for sufficient time for the application to reach its destination and ensures that candidates do not miss the opportunity to be considered for the desired position or opportunity.
Official Website :-
