Description : As you might know, SIDBI is the Apex bank for Small and medium Enterprises (SME) constituted under SIDBI Act by Government of India in 1989. Since its inception it is engaged in the growth and development of SME sector.
Details of our activitites can be found at
Apart from being channelising agency of various susbidy schemes floated by Government of India for Textile, under CLCSS, for footwear sector, food processing industries etc., we are also one stop shop for all the credit needs of the SME sector.
SMEs even though contribute significantly to Country;s GDP, exports and employment, cheaper credit is still a distant dream of a SME entrepreneur.
To alleviate this and to equip the SMEs with the latest technology, we have recently floated a scheme on November 21st, 2008, for financing energy saving projects (in collaboration with Japan International cooperation Agency, JICA with support of Winrock ... throughout India) under which timely credit is extended by SIDBI at attractive interest rate of (9.5% to 10% depending upon the SIDBI internal credit rating of the SME client ).
Also one major problem faced by a SME customer while they approach a formal FI/ Bank is the long list of papers required to be submitted along with a long application form,which discourages them from taking the loan.
To take care of this problem we have also devised a 5-6 page application form (copy can be sent to on on getting a request via mail/ phone) which is only needed to be submitted and any layman can fill it up to apply for the loan. This application form can be used for loans ranging between Rs. 10 lakh to Rs. 200 lakh, thus taking care of sizable proportion of requriement. For loans of higher size of course the loan application will be a little long. I will be glad to help in filling up even this simple application form incase you require it.
One more area, where the SME entrepreneur is at the receiving end is the timely payment of the supplies made to the Large scale units. Invariably there is always a delay in getting its bills paid in time (despite the enactment of MSME act 2006 where timely payment of dues has been made mandatory). SIDBI to take care of this, has been operating a bills discounting scheme, where the bills of large scale units are discounted and paid to the SME customer immediately once the goods are despatched.
Apart from the above, last but not the least you will find that the processing of your loan application will be done here in a very transparent manner. Here every creditworty proposal worth supporting is always supported.
For your information I can send you the soft/ hard copy of the formalities for processing of loan on getting an enquiry )so that in case you feel any requirement of financial support in your venture any time, we will be there to stand by your side shoulder to shoulder.
My mobile number is also enclosed
Regarding formalities / any queries etc. i am just a phone call away.
Pankaj K Sahu
Products/Services : As you might know, SIDBI is the Apex bank for Smallmedium Enterprises SME constituted under SIDBI Act by GovernmentIndia in 1989. Since its inception it is engaged in the growthdevelopmentSME sector.
Detailsour activitites can be
Address : PLOT NO. 37-38, DFC BUILDING, GROUND FLOOR, PANKHA ROAD, JANAKPURI INSTITUTIONAL AREA
Contact no.: 1128525762