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GREENING THE ENTERPRISE ECOSYSTEM, DIFFERENTLY

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PERFORMANCE AT A GLANCE(During FY 2023-2024)

4,026 crore

Net Profit

31,942 crore

Total Income

5,22,521 crore

Total Assets

(As on March 31, 2024)

8,428 crore

Net Interest Income

28,900 crore

Networth

4,56,015 crore

Total Advances

(As on March 31, 2024)

Statement of the Chairman and Managing Director

The Indian economy witnessed growth amidst an ongoing global slowdown. It consolidated its position as the fastest growing major economy.

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MSME Outlook

As one of the fastest growing major economies in the world with significant headroom for growth, India clocked a robust 8.2% economic growth in FY2024, as per the provisional estimates of the National Statistical Office (NSO).

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Business PerformanceA. Core Operations at a Glance:

Institutional Finance

Institutional Finance accounts for approximately 94% of loans & advances of the Bank.

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Direct Lending through Partners

SIDBI established Partner Lending Vertical (PLV), to enhance its outreach among MSMEs with focus on IMES,

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Equity Finance

Under Fund of Funds, SIDBI contributes to SEBI-registered Venture Funds/AIFs, which must invest a specified portion of their corpus in MSMEs/startups as per the scheme's mandate.

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Direct Lending

The Direct Lending portfolio through branch network has grown by 35% due to timely initiation of various structural and product level interventions.

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SIDBI Cluster Development Fund

To promote cluster development, SIDBI set up the Cluster Development Fund (SCDF) with a ₹7,000 crore corpus to provide low-cost funding to State Governments for infrastructure development in MSME Clusters.

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