Promotional & Developmental Initiatives

The interventions of P&D under the four guiding themes are:

SCKs works as Counselling centres in 100 districts of UP, Bihar, Jharkhand, Telangana and Odisha to guide and handhold aspiring entrepreneurs.

Around 46,000 aspirants outreached and 5,000+ handheld; 2,000+ enterprises set-up / scaled-up and 1,200 credit-connected under this initiative.

Owing to COVID restrictions, digital model of Udyam Sangyan (exposure visit) was launched in the form of E-Udyam Sangyan in FY 2021, as a series of webinars for MSEs on covering topics related to new age digital platforms of TreDS, GeMs, etc.

Sessions covered by representatives of Medium and Large Industries on domain knowledge and Corporate Governance.

10 programmes concluded in FY 2022 benefiting 300 plus MSEs.

SIDBI conducted two gyanshalas viz. Udyam Gyanshala on ‘Modern Techniques of Management for Manufacturing Sector’ for upskilling MSEs and Udyam Gyanshala on ‘Making business resilient and sustainable during uncertain times – A Toolkit approach for MSME Organisations working in manufacturing and service sector’.

These gyanshalas are Management/Technical Capacity Development Programmes and benefited 20 MSEs.

The Bank launched the program to create digital literacy among artisans and build the capacity of artisans through handholding for onboarding / sale of their products to organisations / end users directly on digital platform.

The intervention strives to improve the sales and social standing of artisans in the community and advocated ‘Vocal for Local’ drive.

Approved grant support to 7 NGO partners to benefit 3,300 artisans/Livelihood entrepreneurs in the state of Andhra Pradesh, Uttar Pradesh, Assam and Kerala.

The Akshaya Patra Foundation

Support was provided towards cost of 1,10,000 cooked meals distributed amongst the disadvantaged section of the population like daily wage earners, migrant labourers / workers, slum dwelling communities including COVID 19 patients, and their attendants adversely affected by the fall out of the 2^nd wave of COVID 19 in 4 cities (Delhi/NCR, Lucknow, Ahmedabad & Thane).

Swavalamban Challenge Fund

Bank introduced Swavalamban Challenge Fund to provide financial support to development organisations/ educational institution/ startups who were working with a special focus on green initiative, sustainable livelihood, financial inclusion, health and sanitation, access to financial services and promoting the culture of entrepreneurship.

In FY 2022, 12 organisations were awarded under Window I of SCF. Window II was also launched and 415 applications were received.

Women Entrepreneurship - Livelihood Enhancement and Development (WE-LEAD)

The project aims at promoting 12,000 women Entrepreneurs from among the SHGs/JLGs Members through Capacity Building-EDP/Skill Training & Business Development Services in Odisha. In FY 2022, 12 organisations were awarded under Window I of SCF. Window II was also launched and 415 applications were received.

Being implemented through Odisha State Association for Financial Inclusion Institution (OSAFII) to cater to 15,000 women SHG/ JLG Members.

Swavalamban Silai Homepreneur Program

Partnered with Usha International Limited through Usha Social Services for promoting women entrepreneurship & economic enablement / empowerment in rural / unserved / underserved / backward / calamity prone/ aspirational districts areas through imparting 9 days residential training on sewing, basic designing, embroidery, machine repair & life skills.

A total number of 2,625 Usha Swavalamban Silai Schools covering 2,545 villages, 191 blocks and 48 districts across 17 states was set-up till March 31, 2022.

Homepreneurs cumulatively earned about ₹ 9.80 crore through job-work, learner’s fee & machine repair. These homepreneurs enrolled 25,000+ learners i.e., an average of 10 per direct beneficiary under them thus creating a multiplier effect.

Swavalamban Bazaar+

To empower micro entrepreneurs/artisans by widening their horizon and aligning their products as per market expectations.

8 Swavalamban Bazaar+ events were organised to showcase skills and products and 340+ artisans/micro entrepreneurs had benefited with credit, design (linking with students at design institutes), market connect as also financial literacy on digital tools.

Cumulatively, 19 Swavalamban Bazaar Plus events were organised since FY 2019 benefiting 940+ micro entrepreneurs and local artisans.

Swavalamban Assistance for Financial literacy, Adoption of Villages and Credit and Market Linkages – SAFAL

Adoption of 120 villages in the states of Bihar and Jharkhand and to provide financial literacy training to 2,400 Livelihood Entrepreneurs & Micro Entrepreneurs (LE/ME) and ensuring their Credit & Market Linkages.

In FY 2022, 121 villages were adopted, 2,409 women entrepreneurs were provided financial literacy training, and credit linkage of 1,965 participants completed.

The project was expanded for adoption of 700 villages in 10 states to support 15,000 LE/MEs.

SWAS - Breathing Entrepreneurial Energy

Bank had undertaken special initiatives for women, working as domestic workers or labourers in the Sunderbans, following dual impacts of COVID-19 and devastating effect of Cyclone Amphan.

‘Swavalamban Accelerator in Sunderbans (स्वास/@ - breathing entrepreneurial energy)’ program was aimed at making Atmanirbhar Bharat a reality by promoting ‘Vocal for Local’.

The project aims to sensitise 20,000+ beneficiaries, train 1,000 shortlisted aspirants and support them with Start-up kits, to help them start their microenterprise, while also providing market linkages with potential buyers or markets like MUKTI Fresh, Sundarbans Development fair, social media platforms, e-marketplace, local vendors & markets etc.

As on March 31, 2022, 657 women were trained in multiple batches in handicraft & food processing and 53 new enterprises were established.