Chapter-3 : Promotional & Developmental Initiatives

The Promotional & Developmental (P&D) initiatives were realigned to the SIDBI Vision 2.0.
The Bank's interventions touched 1 lakh+ persons during FY 2019.

Strengthening MSME Ecosystem in North Eastern Region (NER)

Activities undertaken during FY 2019

  • 75 Entrepreneurship & Skill Development programmes benefitting 6,400 persons on effective use of local resources and waste conversion
  • Children in 30 primary schools educated under WASH (Water,Sanitation and Hygiene) programme
  • 3 exposure visits for artisans/MSMEs

Promotion of bamboo as sustainable source under EU-Switch Asia Bamboo in NER & 4 states viz Madhya Pradesh, Chhattisgarh, Jharkhand & Odisha

  • replacement of unsustainable resource to create green jobs
  • grooming of 2250 MSMEs (40% women owned)
  • impacting 10,000 livelihoods (more than 50% women)

Inclusive MSME Development Fund (₹29.52 crore)

  • During the year, RBI allowed the Bank to set up IMDF, out of the interest rate differential on priority sector funds allotted to the Bank
  • ₹19.76 crore earmarked towards Swavalamban and Developmental activities

Poorest State Inclusive Growth (PSIG) Programme

Funded by UK Aid through the DFID, UK to enhance the income and employment opportunities in Bihar, Madhya Pradesh, Odisha and Uttar Pradesh

Major activities undertaken during FY 2019

Mahila Udyami Sashaktikaran Program

  • Establishing/scaling up/diversifying support
  • 9,000 women-led micro enterprises to be aided
  • 15,000 women trained on business skills
  • Covered Ghazipur & Varanasi, UP

Skill and Enterprise Development Program

  • Oriented 7,000 women towards livelihood activities
  • 3,500 women to be skilled in 6 identified trades

UdyamSaarthi, the Mobile Financial Literacy Lab

  • Digital Sensitisation in 344 villages in UP
  • Benefitted > 60,000 individuals on digital financial literacy
  • Handeled ~ 12,000 individuals for digital transactions

Organized Hackathon for Fintech Startups

  • Support to self regulator institutions for Business Correspondents
  • First 3 winners referred to SCI-FI, Lucknow, for incubation

Financial Literacy & Women Empowerment Program

  • Covered 6 lakh beneficiaries cumulatively and 1.58 lakh in FY 2019

State Collaboration

  • Partnered with SRLM, Odisha and trained 300+ trainers/ resource persons in 10 districts. 85,000 SHG members benefitted
  • Technical assistance to SRLM, Bihar helped 325 women (SHG members) to become Bank Sakhis providing doorstep services of imparting digital financial literacy to 60,000 women"

Corporate Social Responsibility (CSR)

  • The Bank supported CSR activities which touched 10,000+ lives during FY 2019
  • The major CSR activities during the year include relief for Kerala floods victims, renovation of schools, water ATM, utility items for cancer patients, cleanliness and hygiene drives etc.