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The istry of Small Scale Industries provides the policy framework, projects and schemes,and monitor their implementation and progress to assist the promotion and growth of micro and small enterprises (MSEs). The Ministry is Headed by Minister of Small Scale Industries & Agro and Rural Industries. The incumbent is Shri. Mahabir Prasad. The Government created Ministry of Small Scale Industries and Agro and Rural Industries (SSI & ARI) in October, 1999. The Ministry of Small Scale Industries and Agro and Rural Industries (SSI & ARI) was bifurcated into two separate Ministries, namely, Ministry of Small Scale Industries and Ministry of Agro and Rural Industries in September, 2001. The implementation of various policies and schemes and monitoring of those are undertaken by attached offices of the ministry namely:- The Small Industries Development Organisation(SIDO) and National Small Industries Corporation (NSIC) Ltd., a public sector undertaking under the Ministry.
The Small Industries Development Organisation
It is the Office of the Development Commissioner for Small Scale Industries. SIDO was established in 1954 on the basis of the recommendations of the Ford Foundation. It has over 60 offices and 21 autonomous bodies under its management. These autonomous bodies include Tool Rooms, Training Institutions and Project-cum-Process Development Centres.
Various Services provided by SIDO to the SMEs:-
facilities for testing, toolmenting, training for entrepreneurship development
preparation of project and product profiles
technical and managerial consultancy
assistance for exports
pollution and energy audits
SIDO also provides economic information services and advises Government in policy formulation for the promotion and development of SSIs. The field offices also work as effective links between the Central and the State Governments.
Various Services provided by SIDO to the SMEs:-
facilities for testing, toolmenting, training for entrepreneurship development
preparation of project and product profiles
technical and managerial consultancy
assistance for exports
pollution and energy audits
SIDO also provides economic information services and advises Government in policy formulation for the promotion and development of SSIs. The field offices also work as effective links between the Central and the State Governments.
The Small Industries Development Bank of India is a state-run bank aimed to aid the growth and development of micro, small and medium scale industries in India. Set up in 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India. Current shareholding is widely spread among various sta
te owned banks, insurance companies, etc. Beginning as a refinancing agency to banks and state level financing bodies for their credit to small industries, it has diversified in to many activities, including direct credit to the SME through more than 60 branches located in all major clusters of SME in India. Besides, it has been playing the development role in several ways such as support to micro-finance institutions for capacity building and onlending.
SIDBI has also floated several other entities for related activities. Credit Guarantee Fund Trust of India provides guarantees to banks for collatoral free loans extended to SME. SIDBI Venture Capital Ltd. is Venture Capital company focussed at SME. SME Rating Agency of India Ltd. (SMERA) provides composite ratings to SME.
te owned banks, insurance companies, etc. Beginning as a refinancing agency to banks and state level financing bodies for their credit to small industries, it has diversified in to many activities, including direct credit to the SME through more than 60 branches located in all major clusters of SME in India. Besides, it has been playing the development role in several ways such as support to micro-finance institutions for capacity building and onlending.SIDBI has also floated several other entities for related activities. Credit Guarantee Fund Trust of India provides guarantees to banks for collatoral free loans extended to SME. SIDBI Venture Capital Ltd. is Venture Capital company focussed at SME. SME Rating Agency of India Ltd. (SMERA) provides composite ratings to SME.
Provision Of Charter
SIDBI was established on April 2, 1990. The Charter establishing it, The Small Industries Development Bank of India Act, 1989 envisaged SIDBI to be "the principal financial institution for the promotion, financing and development of industry in the small scale sector and to co-ordinate the functions of the institutions engaged in the promotion and financing or developing industry in the small scale sector and for matters connected therewith or incidental thereto.
Business Domain
The business domain of SIDBI consists of small scale industrial units, which contribute significantly to the national ec
onomy in terms of production, employment and exports. Small scale industries are the industrial units in which the investment in plant and machinery does not exceed Rs.10 million . About 3.1 million such units, employing 17.2 million persons account for a share of 36 per cent of India's exports and 40 per cent of industrial manufacture. In addition, SIDBI's assistance flows to the transport, health care and tourism sectors and also to the professional and self-employed persons setting up small-sized professional ventures.
onomy in terms of production, employment and exports. Small scale industries are the industrial units in which the investment in plant and machinery does not exceed Rs.10 million . About 3.1 million such units, employing 17.2 million persons account for a share of 36 per cent of India's exports and 40 per cent of industrial manufacture. In addition, SIDBI's assistance flows to the transport, health care and tourism sectors and also to the professional and self-employed persons setting up small-sized professional ventures.Achievements
SIDBI retained its position in the top 30 Development Banks of the World in the latest ranking of The Banker, London. As per the May 2001 issue of The Banker, London, SIDBI ranked 25th both in terms of Capital and Assets.
