Small Industries Development Bank of India (SIDBI) is a financial institution in India that was established on April 2, 1990, under an Act of Parliament. It serves as the principal financial institution for the promotion, financing, and development of micro, small, and medium enterprises (MSMEs) in the country.
SIDBI’s primary objective is to facilitate the growth and development of MSMEs by providing them with financial assistance, advisory services, and other support. It plays a crucial role in addressing the financial needs and constraints faced by MSMEs, which are considered the backbone of the Indian economy due to their significant contribution to employment generation and GDP.
The key functions of SIDBI include:
1. Financing: SIDBI offers various financial products and services to MSMEs, including term loans, working capital assistance, equipment financing, and venture capital funding. It also provides refinancing facilities to banks and financial institutions that lend to MSMEs.
2. Developmental Initiatives: SIDBI undertakes several developmental initiatives aimed at promoting the growth and competitiveness of MSMEs. It supports entrepreneurship development programs, skill enhancement initiatives, and technology upgradation schemes for MSMEs.
3. Risk Management: SIDBI manages the risk associated with lending to MSMEs through comprehensive credit appraisal, risk assessment, and monitoring systems. It also provides credit guarantees and collateral-free loans to encourage lending to MSMEs.
4. Equity Support: SIDBI promotes the equity participation of MSMEs by investing in venture capital funds and providing equity support to MSMEs through its subsidiary, SIDBI Venture Capital Ltd.
5. Policy Advocacy: SIDBI acts as a nodal agency for coordinating and advocating policies and measures that promote the growth of MSMEs. It works closely with the government, regulators, and other stakeholders to create an enabling environment for MSMEs.
SIDBI has a widespread presence across the country, with regional offices, branches, and affiliated institutions in various states. It collaborates with commercial banks, state financial corporations, and other financial institutions to enhance the availability of credit and support services to MSMEs.
Overall, SIDBI plays a crucial role in nurturing and strengthening the MSME sector in India by providing financial assistance, developmental support, and policy advocacy. Its efforts contribute significantly to the growth, employment generation, and economic development of the country.
Mode of Apply:-
When it comes to the mode of applying for various processes, including job applications, exams, or any other official procedure, applying offline refers to submitting the required documents and forms physically, typically through traditional means such as postal mail, courier service, or in-person submission.
When applying offline, individuals typically need to obtain the relevant application form or document from the concerned institution or organization. They then fill out the form manually, providing the necessary details, attaching any required supporting documents, and signing where necessary. After completing the application, it is submitted through the designated offline mode, such as mailing it to the specified address or hand-delivering it to the relevant office.
Offline application processes are often used in scenarios where online facilities are limited, or when the institution or organization prefers to receive physical copies of the application. This method allows individuals to complete the application without relying on internet connectivity or online platforms. It also provides a paper trail and physical records for administrative purposes.
However, it’s worth noting that with the increasing digitalization and technological advancements, many institutions and organizations now offer online application options to enhance convenience and efficiency. Online application methods allow applicants to fill out forms electronically, upload documents digitally, and submit applications online. This approach saves time, reduces paperwork, and simplifies the overall application process for both applicants and administrators.
Vacancy Details:-
SIDBI Vacancy Details:
Position: Monitoring and Evaluation Experts
Number of Vacancies: 02
The Small Industries Development Bank of India (SIDBI) has announced job vacancies for the position of Monitoring and Evaluation Experts. These experts will play a crucial role in monitoring and evaluating various programs, projects, and initiatives undertaken by SIDBI. The specific responsibilities of the Monitoring and Evaluation Experts may include:
1. Monitoring Activities: The experts will be responsible for monitoring the progress and implementation of different programs and projects. They will collect data, assess performance indicators, and ensure that the initiatives are on track to achieve their intended objectives.
2. Evaluation: The experts will conduct evaluations to assess the effectiveness and impact of the programs and projects. They will analyze the data collected, identify strengths and weaknesses, and provide recommendations for improvement.
3. Reporting: The Monitoring and Evaluation Experts will prepare detailed reports based on their monitoring and evaluation activities. These reports will provide insights into the performance and outcomes of the initiatives, and may be used for internal decision-making and external reporting purposes.
4. Stakeholder Engagement: The experts may interact with various stakeholders, including project teams, government agencies, partner organizations, and beneficiaries. They may collaborate with these stakeholders to gather information, coordinate activities, and ensure effective monitoring and evaluation processes.
Qualifications and Experience:
SIDBI may have specific requirements for the qualifications and experience of the Monitoring and Evaluation Experts. The exact details can be found in the official job advertisement or on the SIDBI website. However, in general, candidates for this position may be expected to possess the following:
1. Educational Qualifications: A post-graduate degree in a relevant field such as economics, finance, business administration, or social sciences. Additional qualifications or certifications related to monitoring and evaluation may be preferred.
2. Experience: Prior experience in monitoring and evaluation of programs, projects, or development initiatives is typically required. Experience in the financial sector, banking, or development finance institutions may be an advantage.
3. Analytical Skills: Strong analytical skills, including the ability to collect and analyze data, interpret findings, and provide evidence-based recommendations.
4. Communication and Reporting Skills: Good written and verbal communication skills to effectively present findings, prepare reports, and engage with stakeholders.
Interested candidates are encouraged to visit the official SIDBI website or refer to the job advertisement for detailed information on the application process, eligibility criteria, and any other specific requirements for the Monitoring and Evaluation Experts position.
Education Info:-
To be eligible for certain job positions, such as those requiring a Bachelor’s Degree in Engineering/Technology, job finders must fulfill certain educational criteria. Here is a description of the required educational qualifications:
Degree Requirement: Bachelor’s Degree in Engineering/Technology
– Job seekers should have completed their Bachelor’s Degree in Engineering or Technology from a well-recognized institute or board.
– The degree should be obtained from an accredited educational institution that offers programs in engineering or technology fields.
– The specific engineering or technology discipline required may vary based on the job position and the organization’s requirements.
Good Academic Records:
– Along with the Bachelor’s Degree, it is mentioned that job finders should have good academic records.
– Good academic records typically refer to consistent and satisfactory performance throughout the educational program.
– It implies that the candidate should have achieved a reasonable level of academic excellence, demonstrated through high grades or a strong GPA (Grade Point Average).
Well-Recognized Institute/Board:
– The educational institution or board from which the Bachelor’s Degree is obtained should be well recognized.
– Well-recognized institutes or boards typically refer to reputable and accredited institutions that are recognized by educational bodies, professional organizations, or government authorities.
– The recognition ensures that the education received from the institute or board meets certain quality standards and is valued by employers and other educational institutions.
It’s important to note that the specific educational requirements may vary for different job positions and organizations. It is advisable for job seekers to refer to the official job advertisement or the organization’s website for the accurate and up-to-date information regarding the educational qualifications required for the desired job position.
Age Limit:-
According to the provided information, the age limit for applying candidates is set to not be above 45 years. Here are the key details regarding the age limit criteria:
Maximum Age Limit: Candidates must ensure that their age does not exceed 45 years.
Age relaxation is typically applicable to candidates belonging to reserved categories such as SC/ST, OBC, PWD (Persons with Disabilities), and ex-servicemen. The extent and conditions of age relaxation may vary depending on the specific job advertisement and government guidelines.
Calculation of Age: The age limit is generally calculated as of a specific date mentioned in the job advertisement or notification. Candidates should carefully review the official job advertisement or organization’s website to determine the reference date for age calculation.
It’s important to note that age limits can vary depending on the specific job position, organizational policies, and government regulations. Therefore, candidates should refer to the official job advertisement or the organization’s website for the most accurate and up-to-date information regarding the age limit criteria for the particular job vacancy they are interested in.
Pay Scale:-
The pay scale mentioned, Rs. 1,50,000 – 2,00,000/-, indicates the salary range that will be offered to candidates who are successfully appointed for the recruitment. The salary range is denoted in Indian Rupees (INR).
The lower limit of the pay scale, Rs. 1,50,000/-, represents the minimum salary that an appointed contender will receive. On the other hand, the upper limit, Rs. 2,00,000/-, represents the maximum salary that can be attained.
It is important to note that the exact salary within this range may vary depending on factors such as the candidate’s qualifications, experience, job position, and any additional benefits or allowances provided by the recruiting organization.
Postal Address:-
The postal address provided for sending the application is as follows:
General Manager, Green Climate Finance Vertical
12th floor, Atmaram House
Tolstoy Marg
New Delhi – 110001
When sending the application, it should be addressed to the “General Manager, Green Climate Finance Vertical.” The address indicates that the office is located on the 12th floor of Atmaram House, situated on Tolstoy Marg in New Delhi, India. The pin code for this location is 110001.
Applicants should ensure that they have the correct address and include it accurately on their application envelope to ensure the delivery of their documents to the intended recipient. It is advisable to use appropriate packaging and consider using a reliable courier or postal service to send the application to the mentioned address.
Important Date:-
The important date mentioned is the last date to submit the application form, which is 17-07-2023.
Applicants interested in the specified position or opportunity must ensure that their application reaches the designated authority or organization before this mentioned date. It is crucial to submit the application on or before the specified last date to be considered for further evaluation and potential selection.
To meet the deadline, applicants should gather all the necessary documents, complete the application form accurately and thoroughly, and ensure that it is submitted through the designated channels as per the instructions provided. This may involve sending the application by post, online submission through a specific portal, or any other specified method.
Missing the last date to submit the application may result in the application being rejected or not considered for the recruitment process.