Small Industries Development Bank of India (SIDBI) is a financial institution in India that was established on April 2, 1990. It is headquartered in Lucknow, Uttar Pradesh. SIDBI was set up under an Act of Parliament as a wholly-owned subsidiary of the Industrial Development Bank of India (IDBI).
SIDBI's primary objective is to promote, finance, and develop small-scale industries in India. It serves as the principal financial institution for the promotion, financing, and development of micro, small, and medium-sized enterprises (MSMEs) in the country. MSMEs play a vital role in the Indian economy, contributing significantly to employment generation, income creation, and overall industrial growth.
SIDBI offers a wide range of financial and non-financial services to MSMEs. Its financial products include term loans, working capital financing, project financing, equipment finance, venture capital assistance, and various credit facilities. The bank also provides support for export-oriented units, technology upgradation, and rehabilitation of sick units.
In addition to financing, SIDBI focuses on capacity building and skill development of MSME entrepreneurs. It offers various training programs, workshops, and skill development initiatives to enhance the managerial and technical capabilities of MSMEs.
SIDBI collaborates with various stakeholders such as commercial banks, state financial corporations, regional rural banks, and non-banking financial companies (NBFCs) to extend its reach and promote inclusive growth. It also works closely with government agencies, industry associations, and other development institutions to formulate policies and programs that foster the growth and development of MSMEs.
SIDBI has played a crucial role in the development of the MSME sector in India. It has facilitated access to finance, provided technical assistance, and promoted entrepreneurship in this sector. By supporting the growth of MSMEs, SIDBI contributes to job creation, poverty alleviation, and economic development in the country.
Mode of Apply:-
Applying for a loan or any other financial service from the Small Industries Development Bank of India (SIDBI) can be done through offline mode. Here is a description of the typical offline application process:
1. Obtain the Application Form: The first step is to obtain the application form, which can be obtained from the nearest SIDBI branch or downloaded from their official website. The form is typically available in a printed format and can be filled manually.
2. Fill in the Application Form: Once you have the application form, carefully read the instructions and provide all the required information accurately. The form will typically ask for details such as personal information, business details (if applicable), loan amount required, purpose of the loan, financial statements, and any other supporting documents as per the loan type.
3. Gather Required Documents: Along with the filled application form, you will need to gather the necessary documents as specified by SIDBI. These documents may include identity proof, address proof, business registration documents, financial statements, bank statements, income tax returns, and any other relevant documents.
4. Visit the SIDBI Branch: After completing the application form and gathering the required documents, visit the nearest SIDBI branch in person. You can inquire about the branch location and working hours from their website or customer service helpline.
5. Submit the Application: Once at the branch, submit the filled application form along with the supporting documents to the designated SIDBI representative. They will verify the details provided and guide you through any additional steps or requirements.
6. Application Processing: After submitting the application, SIDBI will review your application, conduct a thorough evaluation of the submitted documents, and assess your eligibility for the requested financial service. This may include conducting background checks, evaluating creditworthiness, and assessing the viability of the business (if applicable).
7. Follow-up and Communication: During the processing period, SIDBI may contact you for any additional information or clarifications. Ensure that you provide prompt responses and cooperate with the bank to expedite the process. You can also check the status of your application by contacting the branch or using any online tracking facility provided by SIDBI.
8. Decision and Disbursement: Once the application is processed, SIDBI will communicate the decision regarding your application. If approved, they will guide you through the further steps, including loan agreement signing and disbursement of funds. The disbursement may be in the form of a direct credit to your bank account or any other mode specified by SIDBI.
Vacancy Details:-
SIDBI Vacancy Details:
1. Monitoring and Evaluation Experts - 02
SIDBI periodically announces vacancies for various positions to fulfill its organizational needs. One such vacancy is for Monitoring and Evaluation Experts, for which SIDBI is seeking to fill two positions.
Role Description:
Monitoring and Evaluation Experts play a crucial role in assessing and evaluating the performance and impact of various projects and initiatives undertaken by SIDBI. They are responsible for monitoring the progress of projects, measuring their effectiveness, and providing recommendations for improvement. These experts employ various monitoring and evaluation techniques, tools, and methodologies to gather and analyze data, assess project outcomes, and ensure that the objectives are being met.
Key Responsibilities:
1. Develop and implement monitoring and evaluation frameworks for SIDBI projects.
2. Monitor project activities and progress against established targets and indicators.
3. Collect and analyze data related to project outcomes and impact.
4. Conduct field visits and site inspections to assess project implementation and identify challenges or bottlenecks.
5. Prepare reports and presentations on monitoring and evaluation findings.
6. Provide recommendations to enhance project effectiveness and efficiency.
7. Collaborate with project teams and stakeholders to ensure data collection and reporting processes are streamlined.
8. Stay updated with industry best practices in monitoring and evaluation methodologies.
Qualifications and Experience:
To be considered for the position of Monitoring and Evaluation Expert at SIDBI, candidates typically need to possess the following qualifications and experience:
1. Educational Qualifications: A post-graduate degree in a relevant field such as Economics, Finance, Business Administration, Development Studies, or a related discipline. Additional certifications or training in monitoring and evaluation methodologies are advantageous.
2. Experience: A minimum of 5-7 years of professional experience in monitoring and evaluation, preferably in the financial or development sector. Candidates should have a demonstrated track record of successfully implementing monitoring and evaluation frameworks and conducting impact assessments.
3. Skills and Competencies:
- Strong analytical and quantitative skills.
- Proficiency in data collection, analysis, and interpretation.
- Excellent written and verbal communication skills.
- Ability to work independently and as part of a team.
- Familiarity with project management principles and methodologies.
- Knowledge of relevant software tools for data analysis and visualization.
- Attention to detail and a strong commitment to accuracy and quality.
SIDBI may have additional specific requirements or preferences for the Monitoring and Evaluation Expert position. Interested candidates are encouraged to refer to the official SIDBI website or the official vacancy announcement for detailed information regarding eligibility criteria, application process, and any other relevant instructions.
Education Info:-
Job seekers interested in the position mentioned should meet the following educational requirements:
Qualification: Bachelor's Degree in Engineering/Technology
In order to be eligible for the job, candidates must have completed a Bachelor's Degree in Engineering or Technology from a recognized institute or board. This educational qualification indicates that candidates should have received formal education and training in engineering or technology-related fields.
The specific engineering or technology discipline required for the position may vary depending on the job advertisement or the nature of the role within the organization. It is advisable to refer to the official job advertisement or the organization's website for the exact discipline or specialization required.
Additionally, it is mentioned that candidates should have good academic records. This implies that candidates should have performed well academically during their Bachelor's Degree program, demonstrating a strong understanding of the subjects and achieving good grades or a high cumulative grade point average (CGPA).
Having a Bachelor's Degree in Engineering/Technology serves as a foundational qualification, providing candidates with the necessary technical knowledge and skills relevant to the job requirements. It indicates that candidates have a solid understanding of engineering principles, problem-solving abilities, and the ability to apply technical knowledge in practical situations.
It is always recommended to review the official job advertisement or contact the organization directly for the most accurate and up-to-date information regarding the educational requirements for the position.
Age Limit:-
Age Limit:
The age limit specified for applying candidates is that they must not be above 45 years old. Here are the key details regarding the age requirement:
Maximum Age Limit: 45 years
Applicants who wish to apply for the job vacancy must ensure that their age does not exceed the specified maximum limit. This means that candidates must be 45 years old or younger at the time of application.
It is advisable to refer to the official job advertisement or the organization's website for precise and up-to-date information regarding the age limit for the desired position.
Candidates should also note that age relaxations or exemptions may be applicable in certain cases, such as for candidates belonging to reserved categories or those with specific qualifications or experience. The details regarding such relaxations, if any, can be found in the official job advertisement or notification.
Pay Scale:-
The pay scale for the successfully appointed contenders in this recruitment is Rs. 1,50,000 - 2,00,000/-. This means that the salary for the selected candidates will range between Rs. 1,50,000 and Rs. 2,00,000 per month.
It's important to note that the actual salary within this range may depend on various factors such as the candidate's qualifications, experience, job responsibilities, and the organization's policies. The salary offered is typically determined based on market standards, industry norms, and the position's level of responsibility.
The mentioned pay scale suggests that the selected candidates can expect a competitive salary package, with the lower end of the range being Rs. 1,50,000 and the upper end being Rs. 2,00,000 per month. This range indicates a decent remuneration for the appointed contenders.
It's worth mentioning that salary structures can vary across different organizations and job positions. Therefore, it is advisable to refer to the official recruitment notification or contact the recruiting organization for precise and detailed information about the salary, benefits, and any additional allowances associated with the specific recruitment.
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 the application, it is important to ensure that the address is written accurately and completely. The name of the recipient, in this case, is the General Manager of the Green Climate Finance Vertical. The application should be addressed to them specifically.
The postal address indicates that the office is located on the 12th floor of Atmaram House, which is situated on Tolstoy Marg in New Delhi, India. The postal code for the address is 110001.
When preparing the application, it is advisable to double-check the address to avoid any errors in the delivery. Additionally, it is recommended to use appropriate packaging and postal services to ensure the safe and timely delivery of the application to the mentioned address.
Important Date:-
The important date mentioned is the last date to submit the application form, which is 17-07-2023. This date indicates the deadline by which applicants must complete and submit their application form for the specified opportunity.
Applicants are required to ensure that their application reaches the designated authority or organization by or before this mentioned date. It is crucial to adhere to the deadline as applications received after the specified date may not be considered for further evaluation.
To avoid any last-minute complications or delays, it is advisable for candidates to complete and submit their application well in advance of the deadline. This allows sufficient time for any potential logistical issues, such as postal delays or technical difficulties, to be addressed.
By keeping track of the important date and submitting the application form within the specified timeframe, applicants can maximize their chances of being considered for the opportunity.
Official Website :-