Latest Government Job At SIDBI

Table of Contents

Latest Government Job at SIDBI – 2024

Introduction

Latest Government Job at SIDBI – 2024 offers aspiring candidates a chance to join the prestigious Small Industries Development Bank of India (SIDBI). As a leading financial institution dedicated to promoting and developing the MSME sector in India, SIDBI invites applications for positions at Grade ‘A’ and Grade ‘B’ levels for both General and Specialist Streams. SIDBI’s mission focuses on strengthening the MSME ecosystem, ensuring sustainable growth, and facilitating financial inclusion.

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About SIDBI

SIDBI, established under an Act of Parliament, plays a vital role in the financial landscape of India. As the principal institution for the MSME sector, SIDBI provides credit support, financial assistance, and developmental initiatives, empowering micro, small, and medium enterprises across the country. Through direct and indirect lending, Latest Government Job at SIDBI – 2024 SIDBI works with various financial entities to reach underserved businesses and drive economic growth.

Key Dates for SIDBI Recruitment 2024

Opening of Online Registration: November 8, 2024

Closing of Online Registration: December 2, 2024

Phase I Examination (Tentative): December 22, 2024

Phase II Examination (Tentative): January 19, 2025

Interview Schedule (Tentative): February 2025

Positions and Vacancies

SIDBI is recruiting for two major posts: Assistant Manager (Grade ‘A’) and Manager (Grade ‘B’) in both General and Specialist Streams. Below are the details for each role, including the number of vacancies and specific requirements.

1. Assistant Manager (Grade ‘A’) – General Stream

Vacancies: 50
Pay Scale: ₹44,500 – ₹89,150 per month, with a gross monthly emolument of approximately ₹1,00,000.

Eligibility Criteria

Age Limit: 21 to 30 years (relaxations apply per category)

Educational Qualification:

Graduation in Commerce, Economics, Mathematics, Statistics, Business Administration, or Engineering with a minimum of 60% marks (50% for SC/ST/PwBD).

Alternative qualifications: MBA, PGDM, Chartered Accountant (CA), or equivalent from recognized institutions.

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Job Responsibilities

Business Development: Drive MSME credit proposals, manage sanctions and disbursements, monitor customer portfolios, and ensure timely credit review.

Credit Management: Handle risk assessment and enhance direct credit outstanding for the branch.

Reporting: Provide timely reports, including MIS updates to the head office.

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2. Manager (Grade ‘B’) – General and Specialist Streams

Vacancies: 22
Pay Scale: ₹55,200 – ₹99,750 per month, with a gross monthly emolument of approximately ₹1,15,000.

Eligibility Criteria

Age Limit: 25 to 33 years (age relaxations available for reserved categories)

Educational Qualification:

General Stream: Bachelor’s degree with 60% marks (50% for SC/ST/PwBD) or a relevant postgraduate degree with at least 55% marks.

Specialist Streams:

Legal: Bachelor’s degree in Law from a recognized institution, along with five years of legal work experience in financial or public sector institutions.

IT: Bachelor’s degree in engineering/technology or MCA with at least five years of experience in IT roles, specifically in areas like AI/ML, full-stack development, or cybersecurity.

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Job Responsibilities

General Stream:

Augment credit in MSME and other sectors through direct and indirect channels.

Drive entrepreneurship and skill development initiatives for MSMEs.

Legal Stream:

Offer legal support on security creation, manage legal disputes, and handle compliance.

IT Stream:

Develop IT solutions, implement security measures, and ensure reliable IT infrastructure.

Selection Procedure

The selection process consists of three stages, focusing on knowledge and skills relevant to the positions applied for:

Phase I Examination:

An online screening test with sections on English, Reasoning, Quantitative Aptitude, and subject-specific topics, covering MSME policies, financial principles, and legal/technical frameworks.

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Phase II Examination:

For Assistant Manager (Grade ‘A’) and Manager (Grade ‘B’), the Phase II examination includes descriptive and objective questions on relevant subjects, with specialized topics for each stream.

Interview:

Final interview for candidates clearing Phase II, assessing personality, problem-solving skills, and industry knowledge.

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Application Process

Candidates must apply online through SIDBI’s official website by December 2, 2024. A non-refundable application fee is required to complete the application process. Only one application per candidate is allowed.

Steps to Apply

Visit the official SIDBI website and navigate to the “Careers” section.

Click on the recruitment link and complete the online application form.

Upload necessary documents, including educational certificates and ID proof.

Pay the application fee to finalize the submission.

Important Notes

Candidates should ensure their eligibility as SIDBI will verify details at the interview stage.

Applicants can only apply for one post, and only the most recent application will be retained if multiple submissions are made.

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Why Choose SIDBI?

SIDBI’s focus on MSMEs makes it a unique institution for candidates looking to contribute to economic development at the grassroots level. By joining SIDBI, candidates gain exposure to critical functions that shape the MSME landscape in India. The organization offers excellent career progression, competitive salaries, and an inclusive environment.

Benefits and Opportunities

Financial Growth: Attractive pay scales with additional allowances.

Work-Life Balance: Defined work hours and benefits like health insurance and leave allowances.

Learning Opportunities: SIDBI offers continuous learning through upskilling programs and certification courses.

Conclusion

The Latest Government Job at SIDBI – 2024 provides a promising opportunity for dynamic professionals to embark on a rewarding career in India’s financial sector. With roles in General, Legal, and IT streams, SIDBI’s recruitment drive for Grade ‘A’ and Grade ‘B’ positions is ideal for those committed to contributing to the MSME sector’s growth. Ensure you apply by December 2, 2024, and prepare for the selection process to secure a role with this esteemed institution.