I have no doubt in my mind that we add to the national wealth if we help the small-scale industries. I have no doubt also that true Swadeshi consists in encouraging and reviving these home industries. It also provides an outlet for the creative faculties and resourcefulness of the people. It can also usefully employ hundreds of youths in the country who are in need of employment. It may harness all the energy that at present runs to waste.
To transform as an All India Financial Institution to create an integrated credit and development support role for the Bank by being a Thought Leader, adopting a Credit-plus approach, creating a Multiplier effect and serving as an Aggregator, in the MSME space.
PROMOTION AND DEVELOPMENT
SWAVALAMBAN Bechain Sapno ko Pankh...
MSME space holds within itself myriad opportunities. Time and again SIDBI along with various stakeholders of MSME space has made interventions for the growth & development of MSME ecosystem. Read More
Effective policy making is a function of the quality of information at hand.
Because data on micro and small enterprises (MSEs) comes with a significant lag, a comprehensive and concise lead + lag indicator of ground-level sentiment becomes a crucial tool for policy makers, lenders, trade bodies, economists, rating agencies and the MSEs themselves.
Till now, there was no such barometer available in India, though indices and sentiment surveys to track large and mid-sized corporates area plenty and have been in existence for decades.
While there have been adhoc surveys by chambers of business and specific agencies as one-time efforts, a continuous survey leading to an index is a first.
Information is key to decision making and if it is available at the right time, meaningful interventions can be made.
Since structured data in respect of MSME is not available during the year, no early signs are available to help taking decisions to those who matter and make policies, be it bankers or policy maker A comprehensive document based on close monitoring and tracking of MSME segment providing insights to policy makers, therefore, becomes imperative.
Till date, no such report based on a on a study done on over 5 Million active MSMEs having access to formal credit, with live credit facilities in the Indian banking system, is available.
The success of microfinance interventions in various parts of the globe has brought recognition to the efficacy of the sector as a potential tool for empowerment and promoting inclusiveness. The microfinance sector in India has made great strides during the last decade by adopting a wide variety of innovations in improving access to financial services to the poor.
As another major sector building initiative, SIDBI has partnered with Equifax for a quarterly report “Microfinance Pulse”. The publication will give an opportunity to look into the future prospects apart from being a repository of all that has taken place in the microfinance sector.
- Transforming 115 aspirational districts across 28 states that have witnessed the least progress in terms of certain development parameters
- Provide orientation to youth about various dimensions of entrepreneurship
- Train 13,800 youth for providing a life of dignity by having a source of livelihood.
- Expecting at least 20% of the youth to be able to start their own enterprise
- Expecting around 10 % participants i.e. 1150 new logins to be made on udyamimitra for availing MUDRA loan
SIDBI is implementing the PSIG programme funded by UKAid through Department for International Development (DFID), UK.