What role does SIDBI play in promoting SSIs? - Vidyadip

Question

What role does SIDBI play in promoting SSIs?

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Answer

Following points will help in revealing the role of SIDBI in context of promotion of SSIs:

It initiates steps for technololgy adoption, io technology exchange, transfer, upgradation and modernisation of existing units.
It participates in the equity, type of loans on soft terms, term loan, etc.
It facilitates timely flow of credit for both term loans and working capital to SSI, in collaboration with commercial banks.
It enlarges marketing capabilities of the products of SSIs in both domestic and international markets.
It directly discounts and rediscounts bills with a view to encourage bills culture and helping the SSI units to realise their sale proceeds of capital goods/ equipments and components, etc.
It promotes employment oriented industries especially in semi-urban areas to create more employment.

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