• 022 67221526
FeatureImage

  About Us

About SIDBI

Small Industries Development Bank of India (SIDBI) set up on 2nd April 1990 under an Act of Indian Parliament, acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector as well as for co-ordination of functions of institutions engaged in similar activities

 

MISSION

To facilitate and strengthen credit flow to MSMEs and address both financial and developmental gaps in the MSME eco-system

 

VISION

To emerge as a single window for meeting the financial and developmental needs of the MSME sector to make it strong, vibrant and globally competitive, to position SIDBI Brand as the preferred and customer - friendly institution and for enhancement of share - holder wealth and highest corporate values through modern technology platform

 

EVOLUTION OF SIDBI

SIDBI has been set up on April 02nd, 1990 under an Act of Indian Parliament. Being the Principal FI for MSMEs, SIDBI has dedicated its resources towards evolution of a vibrant MSME ecosystem

SIDBI’s initiatives have remained aligned to the national goals of poverty alleviation, employment generation, kindling entrepreneurship and fostering competitiveness in MSME sector

SHAREHOLDING

The Shares of SIDBI are held by the Government of India and twenty- nine other institutions / public sector banks / insurance companies owned or controlled by the Central Government

For more details, please visit SIDBI website at www.sidbi.in

About Udyamimitra Portal

A digital offering of SIDBI:

With a view to enlarge its foot print in delivery of products and services in MSME eco-system, a series of digital delight initiatives involving various portals such as sidbi.in, sidbistartupmitra.in, standupmitra.in has been launched by SIDBI. SIDBI Udyamimitra [www.udyamimitra.in], happens to be a new addition as another interactive portal. It is an enabling platform which leverages IT architecture of Stand-Up Mitra portal and aims at instilling ease of access to MSMEs financial and non-financial service needs.

Key Gains & Features:

  • Any type of enterprise loans
    • MUDRA (Shishu) – upto Rs. 50,000
    • MUDRA (Kishore) – above Rs. 50,000 upto Rs. 5,00,000
    • MUDRA (Tarun) – above Rs. 5,00,000 upto Rs. 10,00,000
    • Stand-Up India for SC/ST and Women - Rs. 10 lakh to Rs. 100 lakh,
    • SME loans - upto Rs. 10 crore
  • Business ideas and knowledge hub along-with various project profiles across the sectors / industries.
  • Credible Connect- Access to 140+ lenders (banks / NBFCs / Fintechs), 1.25 lakh branches for setting up and stepping up under Mudra, Standup India & MSME Loan and 17000+ handholding agencies (for application filing, financial training, skill training, access to margin money/subsidy and so on).
  • Decide – Chose the preferred lenders in your area.
  • Enabling Market place offering wider access to the banking ecosystem - One application for one scheme for all participating banks.

The Portal, as a virtual market place endeavors to provide 'End to End' solutions not only for credit delivery but also for the host of Credit-plus services by way of hand holding support, application tracking, multiple interface with stakeholders (i.e. banks, service providers, applicants). The important features include

I. Matchmaking platform- It provides a unique match making platform to MSME loan seekers, lenders as also handholding agencies. The portal has designed capability to accept varied MSME loan applications. Presently loans upto 10 crore can be accessed. The portal aims to be a crucial interface layer to create a support system involving varied stakeholder

II. Inclusive Access to all - It provides access to both financial (1.25 lakh branches) and non-financial services (17000+ handholding agencies) with three distinct features viz. (i) Seek Handholding support; (ii) select and apply for loans to preferred banks; (iii) enable faster loan processing.

On entering Portal, the user is guided for registration and login. Based on information furnished by a prospective entrepreneur the system categorizes the applicants into ‘trainee’ (those needing training or other help before they are ready for entrepreneurship) and ‘ready’ borrowers (borrower feels he/she is ready to approach lenders for loan). It then guides them to access handholding support or direct loan application module as per their requirement.

Ready Borrower can submit its loan application online with instant acknowledgement through SMS/email. The submitted application flows to the preferred bank as selected by the loan applicant with online notification to the Nodal Officer of the bank as also Lead District Managers. It facilitates

  • Access to Non Financial Services - The applicant may search for contact details of the required handholding agency in the vicinity of his place of proposed enterprise (based on the state and district given at the time of registration) to avail services. The portal has mapped hand holding agencies in different areas of expertise viz. financial training, skill development, project report preparation, application filing, work sheds and access to margin money/subsidy support being operated by various state/central organizations/corporations. The aim is to evolve this as a portal attending to the entrepreneurs need during entire enterprise development cycle.
  • Access to Finance - Presently, 1.25 lakh branches (public sector banks, private sector banks, foreign banks, NBFCs, Fintechs, Small Finance Banks) are mapped on the portal. The portal replaces the manual operations with electronic platform where pre-sanction process shall get standardized in a simpler way in all banks. The portal has a MARKET PLACE where bankers would be able to compete themselves in their loan delivery mechanism.

The Portal is designed to obtain application forms, gather and provide information, enable registration, provide links for handholding and assist in tracking request for handholding or loan. At the loan market place, a preferred banker or any other banker who are active, undertake P3 (peruse, pick and process) on the loan applications offline as also mark their sanctions and rejections online. Applications from the virtual loan market are picked up by lenders and disposal of the applications are expected to be ensured as per Code of Commitment for its Customers adopted by respective banks.

All submitted applications will be available at virtual market place for credit access to entrepreneurs and status visible to all stakeholders viz. lenders, handholding agencies, applicants, SIDBI and Govt. agencies till the same is disbursed by one of the lenders.

---Supported under TA Component of DFID, UK, under PSIG Project.

Loading...
askSamridhi