SIDBI is the Principal Financial Institution set up under an Act of Parliament for promotion, financing, and development of Micro, Small and Medium Enterprises (MSMEs) sector in India. MSME sector, the focused business domain for SIDBI, has been an important pillar of the Indian Economy in the last seven and a half decades, having contributed to creativity,
innovation, and dynamism in the industrial sector which has led to the spread of industrial development across the country.
SIDBI’s Mission is to ‘To facilitate and strengthen credit flow to MSMEs and address both financial and developmental gaps in the MSME eco-system’. SIDBI is working with the Vision ‘To emerge as a single window for meeting the financial and developmental needs of the MSME sector to make it strong, vibrant and globally competitive, to position SIDBI Brand as the preferred customer friendly institution and for enhancement of shareholders wealth and highest corporate values through modern technology platform’.
In order to achieve the same, SIDBI proactively partners with Banks, SFBs, NBFCs, MFIs, and New Age FinTech’s for Indirect lending, focusing on multiplier effect/larger reach in financing the MSME sector. SIDBI also makes strategic interventions in Industrial Clusters through direct lending with an intent to bridge current credit gaps in the MSME sector by using demonstrable and creative lending products that can be scaled up by the credit delivery ecosystem.
SIDBI is also facilitating growth of entrepreneurship culture in India by helping Startups through its Fund of Funds initiatives. Besides that, SIDBI is promoting entrepreneurship and assisting nascent enterprises for the comprehensive development of the MSME sector through credit-plus initiatives, acting as a facilitator in capacities such as Nodal Agency for the Government's MSME-oriented Schemes.
VACANCY DETAILS :-
POST NAME - Assistant Manager
QUALIFICATION - CA/CMA/CS/CFA/PHD/LLB/M.Com/MBA/B.Tecg
EXPERIENCE - Nil
POST - 100
AGE LIMIT - 28 Years
LOCATION - All Over India
JOB DESCRIPTION :-
The Officers in Grade ‘A’ are expected to contribute proactively in following broad areas of operations of the Bank-
(a) Augmenting credit penetration in MSME, Microfinance, Startup/Venture Capital Sector through Direct / Indirect Credit Delivery and Monitoring Mechanisms.
(b) Contributing in entrepreneurship promotion & skill development activities of the Bank for the MSME sector, including facilitating co-operation and co-ordination
with various stakeholders.
(c) To be key input providers in Business Analytics and decision-making process by
gathering regular market feedback/ research and update the Management with the trends in their areas/clusters to assist Bank in prioritization of various new
initiatives and projects.
(d) participate in internal management/ administration, control and monitoring related functions to ensure that the Bank remains an adaptable and responsive
organization amidst changing dynamics of MSME sector and overall economy.
(e) Any other work as assigned by the Bank from time to time.
SELECTION PROCEDURE :-
The selection process for the post would be by way of an online examination comprising of objective test as well as descriptive test followed by Personal
Interview. Candidates who qualify based on the minimum cut -off marks decided by SIDBI, would be called for interview. The pattern of written examination will be as
under:
1. English Language - 30 Question For 30 Marks & Time limit is 20 Minutes
2. General Awareness (With special reference to Banking and Financial Sector and Economic and Social Issues) -
50 Questions For 50 Marks & Time limit is 30 Minutes
3. Reasoning Aptitude - 40 Questions For 60 Marks & Time limit is 40 Minutes
4. Quantitative Aptitude - 40 Questions For 60 Marks & Time limit is 30 Minutes
TOTAL - 160 Questions For 200 Marks & Time limit is 120 Minutes
Online descriptive test: Candidates will be required to answer by typing on computer
5. Comprising of two Essays on Financial / Banking / Economic and Social Issues in
India (20 Marks each) and one Business
Letter Writing (10 Marks)
Note: It is essential to attempt all three
questions.
Total 3 Questions For 50 Marks & Time limit is 60 minutes
All tests, except test of English Language and Descriptive test will be provided in both English and Hindi. All the objective questions will have multiple choices. Out of the five answers, to a question only one will be the correct answer. The Candidate will have to select the most appropriate answer and ‘mouse click’ that alternative which you feel is appropriate/ correct. The alternative/ option that the candidate has clicked on will be treated as his/her answer to that question. For objective type of tests, there will be penalty for wrong answers marked by the candidates. For every wrong answer marked by a candidate, 1/4 of the marks assigned to that question will be deducted as penalty.
Candidates will be shortlisted for Interview on the basis of marks scored in objective and descriptive section taken together against full marks of 250. The Descriptive Test will be evaluated only for those candidates who qualify in the Objective type of tests (on total and individual sections of objective tests) and are ranked adequately high as per total marks in the objective test.
Candidates who have been shortlisted in the Online Examination will subsequently be called for an Interview. Interviews would be held at 10 centres viz. Ahmedabad, Bengaluru, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Kolkata, Lucknow, Mumbai and New Delhi. Candidates will have to indicate their preferred centre for interview in the online
application form separately. However, SIDBI reserves the right to cancel any of the Examination/Interview Centres and/ or add some other Centres, at its discretion, depending upon the response, administrative feasibility, etc. SIDBI also reserves the right to allot the candidate to any centre other than the one he/she has opted for.
APPLICATION FEE - 1100/-
IMPORTANT DATES :-
1. Opening of Online Registration Gateway / payment of fees - March 04, 2022
2. Closing of On-line Registration Gateway /payment of fees - March 24, 2022
3. Cut- off date for determining Eligibility Criteria with regard to age - March 04, 2022
4. Cut-off date for determining Eligibility Criteria with regard to educational qualification - March 24, 2022
5. Date of Online examination - April 16, 2022
6. Tentative schedule of Interview - May, 2022
LINK FOR OFFICIAL NOTIFICATION - CLICK HERE
LINK FOR ONLINE APPLICATION - CLICK HERE
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