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SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

 
SIDBI empowers the Micro, Small and Medium Enterprises (MSME) sector with a view to contributing to the process of economic growth, employment generation and balanced regional development, 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
 
Mandatory Objectives:
 
Four basic objectives are set out in the SIDBI Charter. They are:
 
Financing, Promotion, Development, Co-ordination for orderly growth of industry in the small scale sector. The Charter has provided SIDBI considerable flexibility in adopting appropriate operational strategies to meet these objectives. The activities of SIDBI, as they have evolved over the period of time, now meet almost all the requirements of small scale industries which fall into a wide spectrum constituting modern and technologically superior units at one end and traditional units at the other.
 
Development Outlook:
 
The major issues confronting SSIs are identified to be:
 
  • Technology obsolescence
  • Managerial inadequacies
  • Delayed Payments
  • Poor Quality
  • Incidence of Sickness
  • Lack of Appropriate Infrastructure and
  • Lack of Marketing Network
There can be many more similar issues hindering the orderly growth of SSIs.
 
Over the years, SIDBI has put in place financing schemes either through its direct financing mechanism or through indirect assistance mechanism and special focus programmes under its P&D initiatives. In its approach, SIDBI has struck a good balance between financing and providing other support services.
 
SIDBI is having an Office in Kochi to cater the needs of Micro and Small Industries and is also planning to open a new branch at Calicut.
 
The Address and other details of SIDBI Kochi Office is as follows:
 
Finance Tower, IInd Floor, P.B.No.4209,Kaloor, Kochi - 682 017.
Phone:( 0484) 2401378 / 2401379 / 2401791 / 2401792
 
For further details please visit:
 
http://www.sidbi.in
 
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