About Sidbi History

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

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 of SIDBI

The business domain of SIDBI consists of Micro, Small and Medium Enterprises (MSMEs), which contribute significantly to the national economy in terms of production, employment and exports. MSME sector is an important pillar of Indian economy as it contributes greatly to the growth of Indian economy with a vast network of around 3 crore units, creating employment of about 7 crore, manufacturing more than 6,000 products, contributing about 45% to manufacturing output and about 40% of exports, directly and indirectly. In addition, SIDBI's assistance also flows to the service sector including transport, health care, tourism sectors etc.

SIDBI Among Top 30 Development Banks of the World

SIDBI retained its position in the top 30 Development Banks of the World in the 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.

Objectives
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 MSMEs 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 MSMEs. 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.

Co-ordination and Understanding

As an apex institution, SIDBI makes use of the network of the banks and state level financial institutions, which have retail outlets. SIDBI supplements the efforts of existing institutions through its direct assistance schemes to reach financial assistance to the ultimate borrowers in the small scale sector. Refinancing, bills rediscounting, lines of credit and resource support mechanisms have evolved over the period of time to route SIDBI's assistance through the network of other retail institutions in the financial system.

Improved levels of co-ordination for development of the small scale sector is also achieved through a system of dialogue and obtaining feedback from the representatives of institutions of small scale industries who are on the SIDBI's National Advisory Committee and Regional Advisory Committees.

SIDBI has entered into Memoranda of Understanding with many banks, governmental agencies, international agencies, research & development institutions and industry associations to facilitate a co-ordinated approach in dealing with the issues for development of small scale industries.

SIDBI's MOUs
Banks-(18) Swiss Agency for Development and Co-operation Small Industries Development Organisation Auto Components Manufactures Association Council for Scientific and Industrial Research Asia and Pacific Centre for Transfer of Technology United Nations Industrial Development Organisation Confederation of Indian Industry National Research Development Organisation Government of India for channelising TREAD assistance Small Enterprise Assistance Funds (SEAF) For setting up of SEAF India SME Equity Fund and for other capacity building initiatives for SMEs

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

Shareholding
The entire issued capital of Rs.450 crore has been divided into 45 crore shares of Rs.10 each. Of the total Rs.450 crore subscribed by IDBI, while setting up of SIDBI, 19.21% has been retained by it and balance 80.79% has been transferred / divested in favour of banks / institutions / insurance companies owned and controlled by the Central Government as per the following details:

Shareholding pattern of SIDBI

(as on December 31, 2012)

SL. NO.

NAME OF THE SHAREHOLDER

NO. OF SHARES HELD

% OF HOLDING

Industrial Development Bank of India Ltd.

86,450,000

19.21

State Bank of India

69,900,000

15.53

Life Insurance Corporation of India

64,950,000

14.43

Punjab National Bank

21,200,000

4.71

Bank of Baroda

19,800,000

4.40

Canara Bank

16,700,000

3.71

National Bank for Agriculture & Rural Dev.

16,000,000

3.56

Bank of India

15,100,000

3.36

Central Bank of India

12,700,000

2.82

10

Oriental Bank of Commerce

9,500,000

2.11

11

Union Bank of India

9,500,000

2.11

12

United India Insurance Company Limited

8,300,000

1.84

13

Corporation Bank

7,900,000

1.76

14

Export Import Bank of India

7,900,000

1.76

15

Allahabad Bank

6,300,000

1.40

16

General Insurance Corporation of India

6,300,000

1.40

17

National Insurance Company Limited

6,300,000

1.40

18

New India Assurance Company Limited

6,300,000

1.40

19

Oriental Insurance Company Limited

6,300,000

1.40

20

State Bank of Hyderabad

6,300,000

1.40

21

Syndicate Bank

6,300,000

1.40

22

Dena Bank

4,800,000

1.07

23

Indian Overseas Bank

4,800,000

1.07

24

State Bank of Patiala

4,800,000

1.07

25

Andhra Bank

3,200,000

0.71

26

Bank of Maharashtra

3,200,000

0.71

27

Punjab & Sind Bank

3,200,000

0.71

28

State Bank of Bikaner and Jaipur

3,200,000

0.71

29

State Bank of Travancore

3,200,000

0.71

30

UCO Bank

3,200,000

0.71

31

United Bank of India

3,200,000

0.71

32

State Bank of Mysore

1,600,000

0.36

33

Vijaya Bank

1,600,000

0.36

Grand Total

450,000,000

100

Managenent

The Ministry of Finance, Government of India have vide their Notification dated April 01, 2011, appointed Shri S. Muhnot as the Chairman and Managing Director of Small Industries Development Bank of India (SIDBI). Prior to taking up this assignment, Shri Muhnot was the Executive Director of IDBI Ltd. Before that, he was the Managing Director and CEO of IDBI Capital Market Services Ltd.

Shri Muhnot is a B. Text (Tech), MBA, Certified Associate of Indian Institute of Bankers and Masters in Ecology and Environment.

Shri Muhnot has wide experience in banking and financing the industrial sector in India. Of his 32 years experience, he has spent 28 years in IDBI Bank where he worked in varied capacities of project finance, treasury operations, business development, capital markets, merchant banking, trade finance, etc. His key milestone achievements include, growing outreach and retail business of IDBI Bank Ltd. and IDBI Capital, setting up of investment banking division, effective utilization of foreign lines of credit/ technical assistance/IDA etc, ISO:9000 certification for treasury and trade finance departments of IDBI Bank Ltd etc.

Lucknow April 04, 2011

BOARD OF DIRECTORS (AS ON OCTOBER 19, 2012)

1 Shri Sushil Muhnot Chairman & Managing Director (CMD) 2

0522- 22 88 501

email: cmd@sidbi.in
0522- 22 88 508 0522- 22 88 858 011- 2306 1176 email: dcmsme@nic.in

Shri N.K. Maini Shri T.R. Bajalia

Deputy Managing Director (DMD) Deputy Managing Director (DMD)

Shri Amarendra Sinha

Government Director

Shri Anurag Jain Shri R.K. Bansal

Government Director Nominee of IDBI Bank

011- 2374 5151 022-22160287

Shri J. Chandrasekaran

Nominee of State Bank of India

Shri B. Manivannan

Nominee of Life Insurance Corporation of India

Shri T. Satyanarayana Rao

Nominated by Government of India

40-2320 2143 Email: md@apsfc.com

10

Shri Prakash Bakliwal

Nominated by Government of India

0788-23 23 111 / 233 2001

11

Shri Anil Agrawal

Nominated by Government of India

011-26259607 / 26259608

12

Shri Janki Ballabh

Co-opted Director

022-2635-3456

13

Shri S.K. Tuteja

Co-opted Director

14

Shri P.A. Sethi

Co-opted Director

022-2884 5554

Senior Management Team

Shri Sushil Muhnot Shri N K Maini Shri T R Bajalia Shri N Raman Chairman & Managing Director Deputy Managing Director Deputy Managing Director Executive Director

0522-2288501 0522-2288508 0522-2288858 0522-2286319

Chief Vigilance Officer

NAME (SMT. /SHRI)

DESIGNATION - VERTICAL

CONTACT DETAILS

E-MAIL ID

Prabhat Agarwal

Chief Vigilance Officer

05222285510

prabhat@sidbi.in

HEADS OF VERTICALS
Name (Smt./Shri) Designation - Vertical Contact Details Lucknow R.K.Srivastava Country Head Centralisation of Back-office operations 05222288264 rksriv@sidbi.in e-mail ID

S Gunasegaran

Country Head Premises, Hindi

05222287041

sguna@sidbi.in

P K Saha

Country Head P&D Vertical, SFMC Vertical

05222288461

pksaha@sidbi.in

M. Subramanian

Country Head - Audit

05222286838

msubbu@sidbi.in

B K Bose

Country Head Administration, Government

0522-

bkbose@sidbi.in

Schemes including Monitoring and Evaluation

2288872

Mumbai S.V.G.Nandagopal Country Head Service Sector Vertical 02226541128 svgnanda@sidbi.in

Harsh Kaul

Business Head I [North & West]

02226521294

harshk@sidbi.in

Bhama Krishnamurthy

Country Head Resource Management Vertical, NBFC Vertical

02226541129

bhama@sidbi.in

S. L. Choudhury

Country Head Risk Management

02226540024

sandeep@sidbi.in

Karthik Gopal Alai

Country Head Equity Products Vertical, IT Vertical

02226540021

kgalai@sidbi.in

R.P.Malik

Country Head Refinance Banks, SFC/ SASF Information Technology

02267531139

rpmalik@sidbi.in

Namgial

Country Head Stressed Assets and NPA Management

02226505790

namgial@sidbi.in

Ram Nath

Business Head II [Central, East, North -East and South]

02226541127

ramnath@sidbi.in

U.J.Lalwani

Country Head Corporate Accounts, Taxation, RBI Coordination , Compliances and MISD, Business Plan Budgeting, Review and

02226504797

ulalwani@sidbi.in

Monitoring

Ramesh G.Dharmaji

Country Head Loan Facilitation Services, Credit Advisory Centres, smallB website and TCOs

02226540025

rdharmaji@sidbi.in

N K Madan

Country Head RFS and Factoring Services, Trade Financing, Infrastructure and Corporate Image Enhancement

02267531241

nkmadan@sidbi.in

Shailendra Mahalwar Debashis Ghosh

Country Head - Legal Vertical (Operations & Policy) Country Head HR, Training and Board Division

02267531207 02267531100 02267531139

mahalwar@sidbi.in

dghosh@sidbi.in

R K Das

Country Head - Energy Efficiency and Clean Technology, Information Technology, Economic / MSME Research & Publication, MIS

rkdas@sidbi.in

New Delhi A. K. Kapur Country Head Energy Efficiency, Clean Technologies, including related Structured Debt 01123535395 akkapur@sidbi.in

REGIONAL MANAGERS
Region Name [S/Shri] Designatio n Jurisdiction Offices and States Contact Details Email ID

Ahmedaba d

K.C.Bhanoo

General Manager

Ahmedabad, Rajkot, Gandhidham, Baroda, Surat and XBOs Gujarat

0792754108 5

bhanoo@sidbi.in

Bangalore

K Natarajan

General Manager

Bangalore, Hosur and XBOs Karnataka, part of Tamil Nadu

0806717150 1

knataraj@sidbi.in

Chandigarh

Smt. Paramjot Kaur

General Manager

Chandigarh, Jammu, Ludhiana, Jalandhar, Shimla and XBO - J&K, Punjab, Himachal Pradesh

01725000652

paramjot@sidbi.in

Chennai

V. Sridharan

General Manager

Chennai, Ambattur, Pudducherry Part Tamil Nadu & Pudducherry

0442841370 1

vsridharan@sidbi.in

Coimbatore

P. Raveendrada s

General Manager

Coimbatore, Kochi, Tirupur, Erode and XBOs Kerala and Tamil Nadu

04222243896

mprdas@sidbi.in

Faridabad

Smt. Rajni Sood

General Manager

Faridabad and Gurgaon Haryana

01292412246

rajni@sidbi.in

Guwahati

Rahul Rohatgi

General Manager

Guwahati, Aizawl, Agartala, Dimapur, Gangtok, Imphal, Itanagar, Shillong - All North Eastern States

03612529159

rrohatgi@sidbi.in

Hyderabad

S.Mallikarjun

General Manager

Hyderabad and Visakhapttana m with XBOs Andhra Pradesh

040 2323090 3

smallik@sidbi.in

Indore

Allada Sreenivas

General Manager

Indore, Bhopal, Nagpur, Raipur and XBOs Madhya Pradesh, Chhatisgarh & part of Maharashtra.

07312541191

asreenivas@sidbi.in

Jaipur

M. K. Sharma

General Manager

Jaipur, Jodhpur and XBOs Rajasthan.

01412368959

mksharma@sidbi.in

Kolkatta

S Ramakrishna n

General Manager

Kolkata, Bhubaneshwar , Ranchi, Jamshedpur, Rourkela, Patna & XBOs West Bengal, Bihar, Jharkhand and

0332290416 5

sramakrishnan@sidbi.i n

Odisha

Lucknow

V S Hedaoo

General Manager

Lucknow, Kanpur, Varanasi and XBOs Uttar Pradesh

05222288941

hedaoo@sidbi.in

Mumbai

Sanjay Goyal

General Manager

Andheri, BKC, Mumbai Metro, Thane and Panaji Mumbai and Goa

0226753134 7

sgoyal@sidbi.in

New Delhi

Manoj Mittal

General Manager

New Delhi, NOIDA, Dehradun and XBOs New Delhi, Uttarakhand and part of Uttar Pradesh.

011 2368246 3

manojmittal@sidbi.in

Pune

Pradeep Malgaonkar

General Manager

Pune, Nashik, Aurangabad and XBOs Maharashtra

0202567511

pradeepm@sidbi.in

Our Associates
CREDIT GUARANTEE FUND TRUST FOR MICRO AND SMALL ENTERPRISES (CGTMSE)
Credit to micro and small enterprises sector is generally perceived as high risk lending, more so, when there is absence of any collateral. In order to encourage banks to lend more to this sector, Government of India and SIDBI have set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) in July 2000, to provide credit guarantee support to collateral free / third-party guarantee free loans up to Rs. 100 lakh extended by banks and lending institutions for micro and small enterprise (MSEs) under its Credit Guarantee Scheme (CGS).

Click to view website

INDIA SME TECHNOLOGY SERVICES LTD.

India SME Technology Services Limited (ISTSL), set up in November 2005, provides a platform for MSMEs to tap opportunities at the global level for acquisition of modern technologies. ISTSL continues to pursue its strategy of rendering technical services for technology transfer and promotion of energy efficient, environment friendly technologies in the MSME sector. Efforts are being made to facilitate reduction in Green House Gases in the MSME sector.

In order to strengthen and accelerate the process of technological modernization in the MSME sector, ISTSL has entered into partnership with various national and international organizations engaged in similar activities. ISTSL took up the project for implementing Energy Efficient technologies in Stainless Steel Re-rolling Cluster of Jodhpur, in association with KfW, Germany. The project is now being taken up for implementing Clean Development Mechanism (CDM) project by implementing Energy Efficiency measures, which are expected to generate CDM revenues, besides reducing the cost of fuel being consumed by the units.

Click to view website

SME RATING AGENCY OF INDIA LTD. (SMERA)

SIDBI, along with leading public, foreign and private sector banks and Dun & Bradstreet Information Services India Private Limited (D&B), set up SME Rating Agency of India Ltd. (SMERA) in September 2005, as an MSME dedicated third-party rating agency to provide comprehensive, transparent and reliable ratings and risk profiling.

Click to view website

INDIA SME ASSET RECONSTRUCTION COMPANY LTD (ISARC)

India SME Asset Reconstruction Company ltd (ISARC) is the country's first MSME focused Asset Reconstruction Company striving for speedier resolution of non-performing assets (NPA) by unlocking the idle NPAs for productive purposes which would facilitate greater and easier flow of credit from the banking sector to the MSMEs. Set up in April 2008, ISARC's objective is to acquire NPAs and strive to maximize recovery value through innovative resolution methods. It also complied with the conditions stipulated by RBI while granting the Certificate of Registration as an ARC and became fully operational from April 15, 2009.

Click to view website

Subsidary

SIDBI VENTURE CAPITAL LIMITED (SVCL)

SIDBI Venture Capital Ltd. (SVCL), a subsidiary of SIDBI set up in July,1999, is an asset management company, presently managing two venture capital funds, viz. the National Venture Fund for Software and Information Technology Industry (NFSIT) and the SME Growth Fund (SGF) for providing venture capital assistance to knowledge based MSMEs, especially in the areas of auto componets, textiles, life sciences, clean technologies, retailing, light engineering, information technology, services etc.

Click to view website

SIDBI TRUSTEE COMPANY LIMITED (STCL)

CoRpoRate Governance
Fare Practices Code

1. Applications for loans and their processing a) SIDBI has a comprehensive loan application form for the borrowers including those seeking assistance up to Rs.2 lakh. In respect of assistance/ loans of upto Rs.5 lakh per borrower, no upfront fee/ processing fee is charged. Besides, the facility of prepayment of such loans would be available and no premium would be charged by SIDBI for such prepayment from such borrowers. In respect of assistance/ loans above Rs.5 lakh per borrower, upfront fee/ processing fee upto 2% of assistance sought may be charged. The fee may be refunded in full in case the applicant is not sanctioned any financial assistance. The facility of prepayment of loans would be available and premium, calculated as per the extant instructions, would be charged by SIDBI for such prepayment from borrowers sanctioned assistance above Rs.5 lakh.

b) SIDBI would provide acknowledgements for receipt of all loan applications. The Bank has put in place risk assessment tools for credit rating which have enabled it to directly reach out to smaller customers in the SME segment by cutting down the appraisal and processing time. Time frame for disposal of loan applications, from the date of satisfactory receipt of complete information/ data/ clarifications/ reports, etc., would also be indicated in the acknowledgement of such applications.

c) The Bank would dispose of commercial loan applications upto Rs.2 lakh within 15 working days after satisfactory receipt of complete information/ data/ clarifications/ reports, etc. The Bank would endeavour to dispose of commercial loan applications above Rs.2 lakh , normally within a period of 15 working days for proposals falling within the purview of RO/BOs and further period of 15 working days for proposals to be referred to ZO/HO, after satisfactory receipt of complete information/ data/ clarifications/ reports, etc. from the applicant

d) SIDBI would verify the loan applications within a reasonable period of time. If additional details/ documents are required, borrowers would be intimated at the earliest.

e) In case of all applications which are denied financial assistance, on account of not being found supportworthy as per the policy framework and/or risk perception of the Bank, either with or without detailed appraisal, SIDBI would convey in writing, the main reason/ reasons which in the opinion of the Bank after due consideration, have led to rejection of the loan applications. Such communication to the applicant would normally be despatched within 10 working days of the rejection.

2. Loan appraisal and terms / conditions

a) With the operationalisation of the Risk Assessment Model, which is an exercise in detailed risk analysis of the various facets of the projects, SIDBI ensures that there is proper and scientific assessment of credit application submitted by borrowers. The Bank would carry out detailed due diligence and appraisal exercise on credit worthiness of the borrower/ project and would not use margin and security stipulation as a substitute.

b) SIDBI would convey to the borrower the loan/ credit limit along with the terms and conditions thereof and would keep the borrower's acceptance of these terms and conditions given with his full knowledge on record.

c) Terms and conditions and other caveats governing credit facilities given by SIDBI arrived at after negotiation between SIDBI and borrower would be reduced to writing and duly certified by SIDBI's authorised official. A copy of loan agreement along with a copy each of all enclosures quoted in the loan agreement would be furnished to the borrower.

d) As far as possible, SIDBI would endeavour that the loan agreement clearly stipulates credit facilities that are solely at the discretion of SIDBI. These may include approval or disallowance of facilities, such as, drawings beyond the sanctioned limits, honouring cheques issued for the purpose other than specifically agreed to in the credit sanction, and disallowing drawing on a

borrowal account on its classification as a non-performing asset or on account of noncompliance with the terms of sanction. It would also be specifically stated that SIDBI does not have any obligation to meet further requirements of the borrowers on account of growth in business etc., without proper review of credit limits.

e) In the case of lending under consortium arrangement, SIDBI, as a participating lender, would evolve procedures to complete appraisal of proposals in the time bound manner to the extent feasible, and communicate its decision on financing or otherwise within a reasonable time.

3. Disbursement of loans including changes in terms and conditions SIDBI would ensure timely disbursement of loans sanctioned in conformity with the terms and conditions governing such sanction. SIDBI would give notice of any change in the terms and conditions including interest rates, service charges, etc. The Bank would also ensure that changes in interest rates and charges are levied on disbursements only with prospective effect.

4. Post disbursement supervision

a) Post disbursement supervision by SIDBI, particularly in respect of loans upto Rs.2 lakh, would be constructive with a view to taking care of any "SIDBI-related" genuine difficulty that the borrower may face.

b) Before taking a decision to recall/ accelerate payment or performance under the agreement or seeking additional securities, SIDBI would give notice to borrowers, as specified in the loan agreement or a reasonable period if no such condition exists in the loan agreement.

c) SIDBI would release all securities on receiving payment of loan or realisation of loan subject to any legitimate right or lien for any other claim SIDBI may have against borrowers. If such right of set off is to be exercised, borrowers shall be given notice about the same with full particulars about the remaining claims and the documents under with SIDBI is entitled to retain the securities till the relevant claim is settled/ paid

5. General

a) SIDBI would restrain from interference in the affairs of the borrowers except for what is provided in the terms and conditions of the loan sanction documents (unless new information, not earlier disclosed by the borrower has come to the notice of SIDBI).

b) SIDBI would not discriminate on grounds of sex, caste and religion in the matter of lending. However, this does not preclude SIDBI from participating in credit linked schemes framed for weaker sections of the society.

c) In the matter of recovery of loans, SIDBI would not resort to undue harassment viz. persistently bothering the borrowers at odd hours, use of muscle power for recovery of loans, etc.

d) In case of receipt of request for transfer of borrowal account, either from borrower or from a bank/ financial institution, which proposes to take over the account, the consent or otherwise i.e. objection of SIDBI, if any, would normally be conveyed within 21 working days from the date of receipt of request.

6. Grievance Redressal Mechanism SIDBI has a Complaints and Grievance Redressal Policy in place to resolve the disputes arising interalia out of Fair Practices Code. The mechanism ensures that all disputes arising out of the decisions of SIDBI's functionaries are heard and disposed of by the Competent Complaint / Grievance Redressal Authority. Besides, in case, the complainant is not satisfied with the redressal step, the provision of complainant making an appeal to the appellate authority is also available.

7. Schedule of Fees & Charges

Fees & Charges

1. Term loan

Upfront fees/processing fees - one time payment

Upto 2% of the loan amount sanctioned + Applicable Service Tax

Expenses on legal/title search, visits, secretarial search, valuation of securities and security creation

On actual basis.

Interest rate

Based on internal rating linked to PLR

Interest rate reset

Every two years based on internal rating

5 6

Penalty for delayed repayments Prepayment interest - based on the remaining period of loan

2%< 1-3%

Switchover from fixed to floating interest rate

2% of outstanding term loan>

Working capital limit & MSME-RFS backed by Inland letter of credit

Sr.No 1

Fees/charges Upfront fees/processing fees - one time payment

Rate 0.50% of the limit sanctioned + Applicable Service Tax

Annual review / renewal charges

0.25% of the limit sanctioned + Applicable Service Tax

Expenses on legal/title search, visits, secretarial search, valuation of securities and security creation

On actual basis.

Interest rate

Based on internal rating linked to PLR

Interest rate reset

At the time of annual review / renewal based on internal rating

6 7

Penalty for delayed payments Prepayment interest

2% Nil

MSME Receivable Finance Scheme & Invoice Discounting Scheme

SNo 1

Fees/charges Upfront fees/processing fees

Rate Applicable as per extant guidelines in force

Annual review / renewal charges

Applicable as per extant guidelines in force

Expenses on legal/title search, visits, secretarial search, valuation of securities and security creation

On actual basis.

Discount / Interest rate

Based on internal rating linked to PLR

Discount /Interest rate reset

At the time of annual review / renewal based on internal rating

6 7

Penalty for delayed payments Prepayment interest

2% Nil

Seller-wise MSME RFS (SRFS)

SNo 1

Fees/charges Upfront fees/processing fees - one time payment

Rate 0.50% of the limit sanctioned + Applicable Service Tax

Annual review / renewal charges

0.25% of the limit sanctioned + Applicable Service Tax

Expenses on legal/title search, visits, secretarial search, valuation of securities and security creation

On actual basis.

Discount rate

Based on internal rating linked to PLR

Discount / Interest rate reset

At the time of annual review / renewal based on internal rating

Handling charges

Upto 100/- per bill

Penalty for delayed payments

2%

Prepayment interest

Nil

Direct Discounting Scheme (Equipment)

SNo 1 2

Fees/charges Upfront fees/processing fees - one time payment Annual review / renewal charges

Rate Nil Nil

Expenses on legal/title search, visits, secretarial search, valuation of securities and security creation

On actual basis.

Discount / Interest rate

Based on internal rating linked to PLR

Discount /Interest rate reset

As prevailing at the time of discounting based on internal rating.

6 7

Penalty for delayed payments Prepayment interest

2% Nil

Guarantee Scheme

SNo 1

Fees/charges Processing charges

Rate 0.25% to 0.50% of the Guarantee amount / limit to be charged upfront before issue of Letter of sanction / renewal of limit + applicable service tax

Guarantee commission

Financial Guarantee : 1.5% to 3% p.a. + applicable service tax Performance Guarantee : 1% to 2% p.a. + applicable service tax

Expenses on legal/title search, visits, secretarial search, valuation of securities and security creation

On actual basis.

Interest rate on invocation of guarantee

PLR + 4%

Inland Letter of Credit

SNo 1

Fees/charges Usance charges

Rate Upto 30 day bills : 0.20% Above 30 day bills : 0.30% for first 3 months and 0.10% for every additional 3 months

Commitment charges

0.25% for every 3 months or part thereof for entire period of liability subject to minimum of 1000/- (including usance charges) 0.25% of the bills retired

Retirement charges

Amendment charges

1000/- for each amendment

1.Upfront fee is payable at the time of sanction. However, no upfront fee/ processing fee will be charged for loans amount of upto Rs.5 lakh per borrower. Further, the fee may be refunded in full in case the applicant is not sanctioned any financial assistance.

2.No pre-payment charges will be charged by SIDBI from borrowers whose total loan amount is upto Rs.5 lakh. Prepayment interest will be charged depending upon remaining period of the loan i.e. 1% upto 1 year, 2% upto 3 years and 3% in r/o loans with remaining period of more than 3 years.

3. CGTMSE Guarantee fee / Annual Service fee is payable on actual basis.

VIGILANCE
Public Notice

"DO NOT PAY BRIBES. IF ANYBODY OF THIS OFFICE ASKS FOR BRIBE OR IF YOU HAVE ANY INFORMATION ON CORRUPTION IN THIS OFFICE OR IF YOU ARE A VICTIM OF CORRUPTION IN THIS OFFICE, YOU CAN COMPLAIN TO THE HEAD OF THIS DEPARTMENT, OR THE CHIEF VIGILANCE OFFICER / THE SUPRINTENDENT OF POLICE, CENTRAL BUREAU OF

INVESTIGATION AND THE SECRETARY, CENTRAL VIGILANCE COMMISSION"

All complaints to the Central Vigilance Commission may be made in terms of its 'Complaint Handling Policy' which is available in public domain on the Commissions website i.e. www.cvc.gov.in. Complaints can also be lodged online on Commissions website.

Shri Sushil Muhnot Chairman and Managing Director, Small Industries Development Bank of India, SIDBI Tower, 15, Ashok Marg, Lucknow- 226001.

Shri Prabhat Agarwal Chief Vigilance Officer, Small Industries Development Bank of India, SIDBI Tower, 15, Ashok Marg, Lucknow - 226 001 Tele No

The Secretary

Shri ...............

Central Vigilance Commissioner, Government of India, Satarkata Bhawan, GPO Complex, Block A, INA, New Delhi - 110 023 Tele No. 011 - 24618891

Superintendent of Police, Central Bureau of Investigation [Name & Address may be added as per the location] Tele No. : ....................... Fax No. : .......................

Tele.No. 0522 -2288501 Fax No. 0522 -2288494 Email Add. cmd@sidbi.in

0522 2288510 Fax No. 0522 2288493 Email Add. Prabhat@sidbi.in

Whistle Blower Policy

Highlights
As a socially responsible organization, the Bank believes in conducting its affairs in a fair and transparent manner by adopting the highest standards of professionalism, honesty, integrity and ethical behaviour. It is committed to developing a culture where it is safe for all to raise concerns about any unacceptable / unethical practice and any event of misconduct at any level. Accordingly, it has been decided to introduce a Whistle Blower Policy in the Bank, as given below :Important Features 1. CVC shall, as the Designated Agency appointed by the Government of India, receive written complaints or disclosure on any allegation of corruption or of misuse of office by any employee of the Bank. 2. The Designated Agency will ascertain the identity of the complainant ; if the complainant is anonymous, it shall not take any action in the matter.

3. The identity of the complainant will not be revealed unless the complainant himself / herself has made either the details of the complaint public or disclosed his /her identity to any other office or authority.

4. While calling for further report/investigation, CVC shall not disclose the identity of the informant and also shall request the concerned head of the organisation to keep the identity of the informant a secret, if for any reason the head comes to know the identity. 5. CVC shall be authorised to call upon the CBI or the police authorities, as considered necessary, to render all assistance to complete the investigation pursuant to the complaint received. 6. If any person is aggrieved by any action on the ground that he is being victimized due to the fact that he had filed a complaint or disclosure, he may file an application before CVC seeking redress in the matter, wherein CVC may give suitable directions to the concerned person or the authority. 7. If CVC is of the opinion that either the complainant or the witnesses need protection, it shall issue appropriate directions to the concerned government authorities. 8. In case CVC finds the complaint to be motivated or vexatious, it shall be at liberty to take appropriate steps.

9. CVC shall not entertain or inquire into any disclosure in respect of which a formal and public

inquiry has been ordered under the Public Servants Inquiries Act, 1850, or a matter that has been referred for inquiry under the Commissions of Inquiry Act, 1952.

10. In the event of the identity of the informant being disclosed in spite of CVCs directions to the contrary, CVC is authorised to initiate appropriate action as per extant regulations against the person or agency making such disclosure.

Modalities to be observed while lodging complaints under Whistle Blower Policy Any complaint which is to be made under this policy should comply with the following aspects :

1. The complaint should be in a closed / secured envelope and must be sent directly to the Central Vigilance Commission, at the following address: The Secretary, Central Vigilance Commission, Government of India, Satarkata Bhavan, GPO New Complex, Block Delhi-110 A, INA, 023

2. The envelope should be addressed to Secretary, Central Vigilance Commission and should be superscribed Complaint under the Public Interest Disclosure. If the envelope is not superscribed and closed, it will not be possible for CVC to protect the complainant under the above resolution and the complaint will be dealt with as per the normal complaint policy of CVC. The complainant should give his/her name and address in the beginning or end of complaint 3. CVC will or not in entertain an anonymous / attached pseudonymous letter. complaints.

4. The text of the complaint should be carefully drafted so as not to give any details or clue as to his/her identity. However, the details of the complaint should be specific and verifiable. 5. In order to protect identity of the person, CVC will not issue any acknowledgement and the whistle-blowers are advised not to enter into any further correspondence with CVC in their own interest. CVC assures that, subject to the facts of the case being verifiable, it will take the necessary action, as provided under the Government of India Resolution on PIDPI. If any further clarification is required, CVC will get in touch with the complainant.

6. The Commission can also take action against complainants making motivated/vexatious complaints under this Resolution.

Right to Information
Right to Information related information available for downloading

Right to Information Act Right to Information Rules 2012 Organisation Chart Pay Scale (as on Dec 31st, 2012) Subordinate Legislations Details of Central Public Information Officer (CPIO) and Appelate Authority List of Central Assistant Public Information Officers (CAPIOs) Transparency Officer under the Right to Information Act, 2005 in SIDBI Cost of providing information to the applicants Information under section 4 (1)(b) of the Right to Information Act, 2005

Subordinate Legislation
Gazette Notification Date 1 2 3 24/05/2012 24/01/2012 01/06/2011 Amended SIDBI Staff Regulation Amendment in SIDBI (Staff) Regulations, 2001 Small Industries Development Bank of India (Employees Provident Fund) [Amendment] Regulations, 2011 4 16/11/2010 SIDBI (Payment of Gratuity to Employees) [Amendment] Regulations, 2010 5 6 7 20/07/2006 02/07/2004 09/03/2004 SIDBI (Issue and Management of Bonds) Regulations, 1990 Small Industries Development Bank of India Act, 1989. SIDBI (Employees' Provident Fund) Regulations, 1990 as Description

amended by SIDBI [Employees' Provident Fund] (Amendment) Regulations, 2004 8 9 10 11 12 26/07/2003 14/05/2003 17/07/2002 26/12/2001 13/11/2000 SIDBI (Appeal to the Central Government) Rules, 2003 SIDBI Gratuity (Amendment) Regulations, 2003 SIDBI Pension Regulations, 2002 SIDBI Staff Regulations, 2001 General Regulations, 2000

Appellate Authority

DESIGNATION NAME

OFFICE

ADDRESS

Appellate Authority

Shri Shailendra Mahalwar

Chief General Manager (Legal)

Mumbai Office

MSME Development Centre,

Plot No. C11, G Block,

Bandra-Kurla Complex, Bandra East,

Mumbai - 400051

Tel: 022-67531207

Alternate Appellate Authority

Shri P. K. Saha

Chief General Manager

Head Office, Lucknow

SIDBI Tower, 15 Ashok Marg, Lucknow-226001 (U.P.) Tel No.05222288461

Central Public Information Officer (CPIO)

Shri U. S. Lal

General Manager (Legal)

Head Office, Lucknow

1st Floor, SIDBI Tower, 15 Ashok Marg, Lucknow

Tel no.

0522-2287031

Alternate Central Public Information Officer (CPIO)

Shri S. S. Samarth

General Manager

Head Office, Lucknow

1st Floor, SIDBI Tower, 15 Ashok Marg, Lucknow

Tel no.

0522-2286559