Contents
• SSI as a Sector
• Introduction to SIDBI
• History
• Objectives
• Mission
• Products and Services
SSI as a Sector
It has been said in the past that SSI has outperformed the overall industrial sector. As per the estimates available in third census of SSIs, the production in the SSI sector, at current prices is estimated to have increased to Rs.3,48,059 crore during FY2004 from Rs.3,11,993 crore in the previous year, thus recording a growth of 11.5 per cent in output at current prices, as compared to growth of 6.6 per cent registered in the industrial sector and 7.1 per cent growth in the manufacturing sector. Employment in the sector is estimated at the level of 273.97 lakhs at end-March 2004 as compared with 261.38 lakhs at end-March 2003. SSI exports increased from Rs.71,244 crore in FY2002 to Rs.86,013 FY2003. The share of SSIs in output was 39 percent and in exports it was 34 percent during the year.
Small Industries Development Bank of India (SIDBI)
An Act of Parliament set up SIDBI, as an apex institution for promotion, financing and development of industries in small-scale sector and for coordinating the functions of other institutions engaged in similar activities. It commenced operations on April 2, 1990. SIDBI extends direct/indirect financial assistance to SSIs, assisting the entire spectrum of small and tiny sector industries on All India basis.
The range of assistance comprising financing, extension support and promotional, are made available through appropriate schemes of direct and indirect assistance for the following purposes:-
• Setting up of new projects
• Expansion, diversification, modernization, technology upgradation, quality improvement, rehabilitation of existing units
• Strengthening of marketing capabilities of SSI units.
• Development of infrastructure for SSIs and
• Export Promotion.
• SSI as a Sector
• Introduction to SIDBI
• History
• Objectives
• Mission
• Products and Services
SSI as a Sector
It has been said in the past that SSI has outperformed the overall industrial sector. As per the estimates available in third census of SSIs, the production in the SSI sector, at current prices is estimated to have increased to Rs.3,48,059 crore during FY2004 from Rs.3,11,993 crore in the previous year, thus recording a growth of 11.5 per cent in output at current prices, as compared to growth of 6.6 per cent registered in the industrial sector and 7.1 per cent growth in the manufacturing sector. Employment in the sector is estimated at the level of 273.97 lakhs at end-March 2004 as compared with 261.38 lakhs at end-March 2003. SSI exports increased from Rs.71,244 crore in FY2002 to Rs.86,013 FY2003. The share of SSIs in output was 39 percent and in exports it was 34 percent during the year.
Small Industries Development Bank of India (SIDBI)
An Act of Parliament set up SIDBI, as an apex institution for promotion, financing and development of industries in small-scale sector and for coordinating the functions of other institutions engaged in similar activities. It commenced operations on April 2, 1990. SIDBI extends direct/indirect financial assistance to SSIs, assisting the entire spectrum of small and tiny sector industries on All India basis.
The range of assistance comprising financing, extension support and promotional, are made available through appropriate schemes of direct and indirect assistance for the following purposes:-
• Setting up of new projects
• Expansion, diversification, modernization, technology upgradation, quality improvement, rehabilitation of existing units
• Strengthening of marketing capabilities of SSI units.
• Development of infrastructure for SSIs and
• Export Promotion.
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