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COMPARATIVE STUDY OFIDBI BANK AND SIDBI
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IDBI BANK
MISSION
Delighting customers with our
excellent service and comprehensivesuite of best-in-class financialsolutions.
VISIONTo be the most preferred and trusted
bank enhancing value for all stock
holders.
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PROFILE OF IDBI
IDBI Bank Ltd. is today one of India'slargest commercial Banks.
Headquartered in Mumbai, IDBI Banktoday rides on the back of a robustbusiness strategy, a highlycompetent and dedicated workforce
and a state-of-the-art informationtechnology platform, to structure anddeliver personalized and innovative
Banking services and customized
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INTRODUCTION TO IDBI
IDBI Bank Limited is anIndian financial service companyheadquartered Mumbai, India.
It was established in 1964 by an Actof Parliament to provide credit andother facilities for the development
of the fledgling Indian industry.
It is currently 10th largestdevelopment bank in the world in
terms of reach with 1514 ATMs, 923
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SIDBI
MISSION
To empower the Micro, Small and
Medium Enterprises (MSME) sectorwith a view to contributing to theprocess of economic growth,employment generation and balanced
regional development VISION
To emerge as a single window formeetin the financial and
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INTRODUCTION TO SIDBI
The Government of India set up theSIDBI under a special Act of theParliament in October 1989.
SIDBI commenced its operationsfrom April 2, 1990 with its head officein Lucknow.
SIDBI has been set-up as a whollyowned subsidiary of IDBI.
Its the apex institution whichoversees co-ordinates & stren thens
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OBJECTIVES OF SIDBI
Four basic objectives are setout inthe SIDBI Charter. They are:
-
Financing.- Promotion.
- Development.
- Co-ordination
for orderly growth of industry in thesmall scale sector. The Charter has
provided SIDBI considerable flexibility
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PRODUCT & SERVICES OFSIDBI
Direct finance.
Bills finance.
Refinance. International finance.
Promotional & Development
activities.
Fixed deposit schemes.
Technology Upgradation &
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DIRECT FINANCE
Since its beginning, SIDBI had beenproviding refinance to State LevelFinance Corporations, Banks etc.,
against their loans granted to smallscale units.
SIDBIs direct finance schemes are:
- Scheme for expansion/diversificationof small scale units.
-
Scheme for specialized marketinga encies.
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Bills Finance Schemes
It involves provision of medium andshort-term finance for the benefit ofthe small-scale sector.
It seeks to provide finance, tomanufacturers of indigenousmachinery , capital equipment, etc.,
based on compliance to the variouseligibility criterion, norms etc. asapplicable to the respective
schemes.
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Refinance Scheme
This scheme is introduced forcatering to the need of funds ofPrimary Lending Institutes{PLI} for
financing small-scale sector. Under the scheme, SIDBI grants
refinance against term loans granted
by the eligible PLIs to industrialconcerns for setting up industrialprojects in the small scale sector as
also for their
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International FinanceSchemes
Its main objective is to enable small-scale industries to raise finance atinternationally competitive rates to
fulfill their export commitments.The financial assistance is provided
in US dollars and Euro currencies.
Assistance in Rupees is also providedto the needy borrowers.
The International Finance is available
from pre-shipment & post-shipment
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Fixed Deposit Scheme
Time Period Revised annual InterestRate %p.a.*w.e.f.August 10 2009
For Senior Citizens
12 months 13 months 6.50 7.0
14 months 36 months 7.00 7.5
37 months 45 months 7.50 8.0
The Interest Rate Structure for SIDBI Fixed Deposit Scheme of SIDBIare as under
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Promotional and
Development Activities As an apex financial institution for
promotion, financing and
development of industry in the smallscale sector, SIDBI meets the varieddevelopment needs of the Indian SSIsector by its wide-ranging
Promotional and Developmental(P &D) activities.
The activities are as follows:
-
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ec no ogy pgra a onModernisation Fund Scheme
{TDMF}This fund was set up in the year 1996by the SIDBI with an initial capital of200 crores.
It was setup for the purpose ofencouraging the existing small scaleindustrial units to modernize
production facilities and adoptimproved and updated technologyfor strengthening export capabilities.
For availing benefits under this
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Venture Capital FundScheme
SIDBI is participating in the venturecapital fund set by public sectorinstitutions as well as private
companies to the extent ofRs50,00,000 of total capital of thefund required.
The fund should be dedicated tofinancing small industry preferablythe most risky one.
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National Equity FundScheme
In order to provide equity typeassistance, SIDBI is operating aNational Equity Fund Scheme.
The equity capital loan to the extentof 2.5 lakhs is sanctioned to eachproject provided the perfect qualitiesunder this scheme.