Industries and Bank of India Small industries and Bank of India SHG and entrepreneurship opportunities

1. NADAR SARASWATHI COLLEGE
OF ARTS AND SCIENCE
Industrial develpoment and Bank of india
Small industries Development Bank of india
SHG and Entrepreneurship opportunities
Submitted by:
M.Vidhya
II M.Sc CS

2. I
Industrial Development Bank of India (IDBI)
IDBI is an Indian private sector bank providing financial and banking services. It was established in
1964 and provided financial assistance to industrial sectors. IDBI is a development financial
institution. It is a subsidiary of Life Insurance Corporation, and Small Industries Development Bank
Of India is a subsidiary of the IDBI. In 2005. IDBI was merged with IDBI bank and was
categorised as a public sector entity. However, the Reserve Bank of India in 2019 classified it as a
private bank. Several national financial institutions, like the Small Industries Development Bank Of
India, National Stock Exchange of India, Exam Bank, etc., find their roots in IDBI.

3. Small Industries Development Bank Of India
The Small Industries Development Bank Of India is wholly owned by IDBI. It was
established as its subsidiary in 1988 by the Act of Parliament and started operating in
1990. The IDBI gave the responsibility of the small industry development fund and
national equity fund to the Small Industries Development Bank Of India. The Small
Industries Development Bank Of India ( SIDBI ) evolved as a financial institution and
worked to promote and develop the MSME sector.

4. History of IDBI
The history of development banking can be traced back to the Great Depression in 1930 and Second
World War. The damage caused by the destruction created a demand for reconstruction, which led to the
establishment of national institutions. Specialised Financial Institutions such as IDBI, NABARD, NHB,
and SIDBI were formed to meet the financial requirements in the industrial and agricultural sectors. IDBI
was a wholly-owned subsidiary of RBI in 1964, but its charge was taken over by the Union Government
of India in 1976. And with this, IDBI became the principal institution for coordinating financial activities
for the development of the industrial sector.

5. Objective
The objective of the IDBI includes:
Coordinating, supervising, and controlling the activities of Finacial Institutions like ICICI, LIC, etc
The Collection of resources for other financial institutions and providing financial assistance
Planning and promoting key industries to enhance industrial growth
To build a system that adheres to national priorities

6. Functions
The promotion and development of the industries to bridge the gaps between the industrial structure
are crucial functions of IDBI
The preparation and floating of new projects for industrial development is an important activity
performed by the IDBI
Research on market and investment, surveys, and studies to understand the complexity and
contribute towards industrial growth
The IDBI also aids Foreign Exchange Services. The purchase of currencies, deposits outside the
country, swaps, etc., are also facilitated by the same

7. Conclusion
In short, the IDBI can be explained as the leader who contributes to industrial financing through its
innovation and Coordination. The authorised capital of IDBI was raised to Rs. 1000 crore under the
amendment act of 1986. The role of IDBI has also been significant in consultation, merchant
activities, and trusteeship engagements. Direct industrial assistance in project loans was provided
through modernisation schemes, equipment finance schemes, and technical development schemes.
Recent years have witnessed the support of IDBI towards the backward areas and small-scale
industries. The entire system of the fund and fee-based services fulfils the demand for finance and
advisory needs. The Industrial Development Bank of India is the tenth-largest development bank
globally.
Cr

8. SHG and women entrepreneurship opportunities
The number of women entrepreneurs is increasing all over the world but the condition of women in
developing nations is different from that of women in developed countries.
The challenges in the way of women entrepreneurs are also discussed. The result of the study will help
policymakers in framing policies for the development of women entrepreneurs and provide future direction
to researchers.
Keywords
Economic Empowerment, Self-Help Groups, Women Entrepreneurship.

9. Role of SHGs
Different investigations in India express that SHGs have engaged ladies’ individuals to get monetarily
free and have empowered them to become innovative. Metropolitan SHG decidedly affected the
financial status of ladies A review in the NCR district of India expressed that SHG's through
microfinance have helped ladies create and layout innovative endeavors, have improved their dynamic
capacities and made them socially engaged (Bansal and Singh, 2019).and have enabled them (Patel
and Patel, 2017).

10. Women Entrepreneurs Growth
There are individualpersonal variables and business factors which sway the business
development of businesspeople. In the ebb and flow study, the specialists have utilized five
factorsvariables got from writing to concentrate on the business development of women business
visionaries, they are-market extension, mechanical development, worker development, framework
development and monetary development as expressed underneath. The respondents were requested to
express the significance from these factors for their business development on a Likert size of 1-5
where1=Not significant by any means, 5= vital.