Industrial Development Bank of India (IDBI) is
the tength largest bank in the world in terms of development. The
National Stock Exchange (NSE), The National Securities Depository
Services Ltd. (NSDL), Stock Holding Corporation of India (SHCIL) are
some of the institutions which has been built by IDBI. IDBI is a
strategic investor in a plethora of institutions which have
revolutionized the Indian Financial Markets.
IDBI Bank, promoted by IDBI Group started in November 1995 with a
branch at Indore with an equity capital base of Rs. 1000 million.
Main functions of IDBI
IDBI is vested with the responsibility of co-ordinating the working of
institutions engaged in financing, promoting and developing industries.
It has evolved an appropriate mechanism for this purpose. IDBI also
undertakes/supports wide-ranging promotional activities including
entrepreneurship development programmes for new entrepreneurs, provision
of consultancy services for small and medium enterprises, upgradation of
technology and programmes for economic upliftment of the
underprivileged.
IDBI's role as a catalyst
IDBI's role as a catalyst to industrial development encompasses a wide
spectrum of activities. IDBI can finance all types of industrial
concerns covered under the provisions of the IDBI Act. With over three
decades of service to the Indian industry, IDBI has grown substantially
in terms of size of operations and portfolio.
Developmental Activities of IDBI
Promotional activities
In fulfilment of its developmental role, the Bank continues to perform
a wide range of promotional activities relating to developmental
programmes for new entrepreneurs, consultancy services for small and
medium enterprises and programmes designed for accredited voluntary
agencies for the economic upliftment of the underprivileged. These
include entrepreneurship development, self-employment and wage
employment in the industrial sector for the weaker sections of society
through voluntary agencies, support to Science and Technology
Entrepreneurs' Parks, Energy Conservation, Common Quality Testing
Centres for small industries.
Technical Consultancy Organisations
With a view to making available at a reasonable cost, consultancy and
advisory services to entrepreneurs, particularly to new and small
entrepreneurs, IDBI, in collaboration with other All-India Financial
Institutions, has set up a network of Technical Consultancy
Organisations (TCOs) covering the entire country. TCOs offer diversified
services to small and medium enterprises in the selection, formulation
and appraisal of projects, their implementation and review.
Entrepreneurship Development Institute
Realising that entrepreneurship development is the key to industrial
development, IDBI played a prime role in setting up of the
Entrepreneurship Development Institute of India for fostering
entrepreneurship in the country. It has also established similar
institutes in Bihar, Orissa, Madhya Pradesh and Uttar Pradesh. IDBI also
extends financial support to various organisations in conducting studies
or surveys of relevance to industrial development.
Website of IDBI
www.idbibank.com
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