CH-6.pptx

CH-6.pptx

• 2.
  Small Industrial Development Bankof India (SIDBI) National Bank for Agriculture and Rural Development (NABARD) Khadi and Village Industries Commission (KVIC) Self Help Groups (SHGs) World Bank (WB)
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  SMALL INDUSTRIAL DEVELOPMENT BANKOF INDIA (SIDBI) • Small Industrial Development Bank of India (SIDBI) was established on 2nd April, 1990 under the small Industrial Development Bank of India Act, 1988. • Presently the ownership of SIDBI is held by 34 public sector institutes. • SIDBI is established for financing and promotion of micro, small and medium industries.
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  Financial Institute forPromotion of MSMEs Sustainable Development Advisory Function Services to MSMEs. Achievements of National Goals Different forms of Finance Digital Initiatives Nodal / Implementing Agency
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  Financial Institute forPromotion of MSMEs • SIDBI is established to provide short term and long term finance to the MSMEs. • It is principal financial institution for micro, small and medium sector units. • It also coordinate the functions of institutions engaged in financing MSMEs. Sustainable Development • SIDBI helps MSMEs in creation of economic wealth while preventing ecological wealth of the country. • focuses on lending schemes • Promote investment in clean production and energy efficient technologies. • Helps to reduce the emission of greenhouse gases to contribute towards reduction in pollution.
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  Achievements of NationalGoals • SIDBI’s initiatives help in poverty alleviation and employment generation through financing MSMEs. • Promotes entrepreneurship and fosters competitiveness in MSME sector. • Promotes entrepreneurship among women and economically weaker section of the society.
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  Digital Initiatives SIDBI StartupMitra • It is digital initiative by SIDBI launched on March 17th, 2016. • It brings together all stakeholders, start-up entrepreneurs, incubators, investors, industry bodies, mentors and advisors and banks at one platform. • It helps in financing and development of new entrepreneurs. Udyami Mitra • SIDBI has launched the ‘Udyami Mitra’ Portal to improve accessibility of credit. • They can select and apply for preferred banks through this portal. Under the portal, entrepreneurs can apply for loan without physically visiting any bank branches and can select suitable bank branch, track their application status and avail multiple loan benefits. • It also has facility for uploading all necessary documents. Through the portal the MSMEs can also seek handholding support for getting finance
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  NABARD NABARD has beenrecognized as an apex institution for agricultural finance. The NABARD was established with the objective of providing and regulating credit and other facilities for the promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts and allied economic activities.
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  • Apex Bank •NABARD acts as an apex bank for meeting the credit needs of all type of financial institutes working in the field of agricultural and rural development. • Frame policies and guidelines for rural financial institutions in India. • Provide credit facilities to institutes working in agricultural finance. • Refinancing Facilities Provides refinancing facilities to State Co-operative Banks (SCBs), Land Development Bank (LDBs), Regional Rural Banks (RRBs) and other approved financial institutions for financing rural economic activities. It also provides short-term, medium-term and long-term credit to these institutes. During natural calamities, such as droughts, crop failure and floods, the bank helps by refinancing commercial and cooperative banks so that the farmers tide over their difficult period.
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  • Assistance toFinancial Institutes It plays an important role in preparing and developing action plans for Cooperative Banks and Regional Rural Banks. Monitors implementation of development action plans of these banks. It provides financial assistance to cooperative banks for building improved Management Information System (MIS), computerization of operations and development of human resources. • Provides Credit for Rural Development • It takes initiatives in the development and promotion of different activities in rural area by providing funds to State governments. It also provides refinancing for upliftment of weaker section of the society. It also works on improvement of small and minor irrigation by way of promoting agricultural activities. Provides finance for promotion of non-farm activities and employment in non-farm sectors for the purpose of reducing rural unemployment. •