Subsidiaries/Associates – driving impact at national level

SIDBI Venture Capital Limited (SVCL) (1999)

• Investment Management Company presently acting as Investment Manager for eight funds with aggregate drawable corpus of ₹ 1,754.24 crore
• New Horizon Fund with target corpus of ₹500 crore was setup during FY 2020 to focus on Fintech, consumer-focussed innovative products, Green Technology and Agri & Food Processing
• Ubharte Sitaare Fund with corpus of ₹ 250 crore to focus on export-oriented units is under the process of formation

Micro Units Development & Refinance Agency

(MUDRA) (2015)

• MUDRA provide refinance support of ₹4,000 crore during FY 2020 and had outstanding portfolio of ₹ 9,090 crore as on March 31, 2020
• Cumulative sanctions and disbursements by MUDRA as on March 31, 2020, stood at ₹ 27,141 crore and ₹25,495 crore respectively

Credit Guarantee Fund Trust for MSEs

(CGTMSE) branded as UDAAN (2000)

• Credit Guarantee Scheme for MSEs in respect of credit facilities up to ₹2 crore
• Achievements during FY 2020:

1. Guarantees approved stood at ₹ 45,852 crore, registering Y-o-Y growth of 52%
2. Number of guarantees has increased from 4.36 lakh in FY 2019 to 8.47 lakh in FY 2020, registering a growth of over 94%

Receivables Exchange of India Limited

(RXIL) (2016)

• SIDBI-NSE joint venture operating the MSME online Trade Receivables Discounting Platform (TReDS)
• Registered 1,787 MSME Vendors, 489 Buyers (including 102 CPSUs) and 35 Financiers (including 21 PSBs) as on March 31, 2020
• Cumulative factoring on the platform stood at ₹3,816.39 crore with over 94,342 invoices financed through RXIL TReDS platform, as on March 31, 2020

Acuité Ratings & Research Limited (Acuité) (2005)

• India’s first MSME-focussed rating agency and is now a full-service credit rating agency
• Acuité has assigned 50,000+ MSME Ratings and 8,000+ Bank Loan Ratings as on March 31, 2020

India SME Asset Reconstruction Company Ltd (ISARC) (2008)

• Assets Under Management (AUM) is approx. ₹402.18 crore, as on March 31, 2020

India SME Technology Services Limited (ISTSL) (2005)

• Provides technology advisory & consultancy services for MSME EE projects
• ISTSL also provides information on technology options, matchmaking, finance syndication and business collaborations

ONLINE PSB LOANS LTD

PSBLoansin59minutes

• Largest Fintech platform in terms of outreach and type of loans extended
• As on March 31, 2020, 3.03 lakh MSMEs have obtained in-principle approval from lenders using the platform as compared to 50,706 MSMEs as on March 31, 2019
• 2.06 lakh MSMEs got final sanction, as on March 31, 2020, as compared to 27,983 MSMEs as on March 31, 2019