Hello Friend,
Essay writing is an art, but without knowledge about the given topic, this art fails to gain its very shape. So, before you switch to writing on the topic, gain a little knowledge about SIDBI.
A few quotations regarding the topic make the concept clear. Here is a quote by Mahatma Gandhi on Small Scale Industries.
Mahatma Gandhi quotes about Small Scale Industries:-
“I have no doubt in my mind that we add to the national wealth if we help the small-scale industries. I have no doubt also that true Swadeshi consists in encouraging the reviving these home industries. It also provides an outlet for the creative faculties and resourcefulness of the people. It can also usefully employ hundreds of youths in the country who are in need of employment it may harness all the energy that of present runs to waste.”
Now gain knowledge about SIDBI-Its formation, its objectives, and measures taken to meet its goal
All about SIDBI
Established on April 2, 1990, the Small Industries Development Bank of India (SIDBI) is an apex regulatory body, which licenses and regulates micro, small, and medium enterprise finance companies. It is regulated and supervised by the Reserve Bank of India. This body falls under the jurisdiction of the Minister of Finance and is headquartered at Lucknow. Its main objective is to refinance facilities to banks and financial institutions. In fact, it extends term loan assistance to Banks, Small Finance Banks, and Non-Banking Financial Companies. It can lend directly to MSMEs. Showing its excellent performance, this apex body has directly or indirectly touched the lives of more than 360 lakh people in the MSE sector, through various credit and developmental measures, thus promoting inclusive growth in the country.
Small Industries Development Bank of India (SIDBI) has set up a dedicated vertical to increase the resilience of the MSME sector to combat climate change. The Union Budget 2022 also provides a policy push for climate action, clean energy, Solar, e-mobility, battery, waste management, energy efficiency through Energy Service Companies (ESCOs) through this apex body.
Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing, and development of Micro, Small & Medium Enterprises (MSMEs) has set up a dedicated vertical with an objective to increase the resilience of the MSME sector to combat the climate change and with a view to facilitating greening of MSMEs in line with the Country’s commitments at Conference of Parties (COP26) at Glasgow.
Now let’s switch to writing the essay. But, an effective essay cannot be framed without a proper format. The essay on ‘Essay on SIDBI and its measures to facilitate greening of MSMEs’ requires the following dots to be expanded:
- A brief Introduction to SIDBI and the topic given. Please, supply a few relevant data in support of the topic
- Describe the measures by SIDBI to facilitate greening of MSMEs’
A few measures may be:
- SIDBI brought regulators and key stakeholders (domestic and international) in a recently concluded International virtual conference on ‘Greening Indian Financial System’.
- SIDBI brought regulators and key stakeholders (domestic and international) in a recently concluded International virtual conference on ‘Greening Indian Financial System’.
- SIDBI brought regulators and key stakeholders (domestic and international) in a recently concluded International virtual conference on ‘Greening Indian Financial System’.
- Term loans of up to Rs.300 lakh are being offered at interest rates between 4.90% – 7% p.a. for eligible projects.
- SIDBI has been supporting the evolving market for Energy Service Companies (ESCO) through financial support backed by a Risk sharing facility.
Now, provide the ‘Conclusion’ to frame the essay. The conclusion is an overall idea of yours.