SIDBI New Recruitment 2024: Apply for SIDBI Grade ‘A’ & ‘B’ Officer Recruitment 2024! With 72 vacancies, high salaries up to ₹1,15,000/month, and reserved categories, applications open till Dec 2. Start your career with SIDBI today
About SIDBI
SIDBI, established by an Act of Parliament, is the premier financial institution supporting India’s MSME sector. For over seven decades, MSMEs have been central to India’s economy, driving innovation and industrial growth across the nation. With the SIDBI New Recruitment 2024, the institution is looking for dedicated individuals to join its mission of enhancing MSME credit flow and addressing financial gaps in the sector. SIDBI is committed to making MSMEs globally competitive while focusing on customer satisfaction and shareholder value.
To widen lending reach, SIDBI partners with Banks, SFBs, NBFCs, MFIs, and FinTechs, and also directly funds industrial clusters to bridge credit gaps. It promotes entrepreneurship by funding startups under its Fund of Funds and serves as the Government’s nodal agency for MSME development schemes.
SIDBI New Recruitment 2024: Overview
| Recruitment Body: Small Industries Development Bank of India (SIDBI) | Name of Post: Grade ‘A’ and Grade ‘B’ Officer |
| Application Begins: 08/11/2024 | Last Date: 02/12/2024 |
Important Dates for SIDBI New Recruitment 2024
| Event | Date |
|---|---|
| Online Registration & Fee Payment Opens | November 08, 2024 |
| Online Registration & Fee Payment Closes | December 02, 2024 |
| Age Eligibility Cut-off Date | November 08, 2024 |
| Education/Experience Eligibility Cut-off Date | December 02, 2024 |
| Phase I Exam (Tentative) | December 22, 2024 |
| Phase II Exam (Tentative) | January 19, 2025 |
| Interview Schedule (Tentative) | February 2025 |
Post Details for SIDBI New Recruitment 2024
| Posts | Total Vacancy |
|---|---|
| Assistant Manager (Grade ‘A’) – General Stream | 50 |
| Manager (Grade ‘B’) – General Stream | 10 |
| Manager (Grade ‘B’) – Legal | 6 |
| Manager (Grade ‘B’) – IT | 6 |
Category wise Post Details for SIDBI New Recruitment 2024
| Posts | Total Vacancy | UR | SC | ST | OBC | EWS | PWD |
|---|---|---|---|---|---|---|---|
| Assistant Manager (Grade ‘A’) – General Stream | 50 | 23 | 6 | 4 | 14 | 3 | 3 |
| Manager (Grade ‘B’) – General Stream | 10 | 5 | 1 | – | 3 | 1 | 1 |
| Manager (Grade ‘B’) – Legal | 6 | 3 | 1 | – | 2 | – | – |
| Manager (Grade ‘B’) – IT | 6 | 1 | – | 1 | 1 | 1 |
SIDBI New Recruitment 2024 Education Qualification
| Posts | Educational Qualification | Post-Qualification Experience |
|---|---|---|
| Assistant Manager (Grade ‘A’) – General Stream | Graduation in Commerce/Engineering/Business with 60% (50% for SC/ST/PwBD) OR CS, CMA, CFA, CA, MBA/PGDM (2 years) | 2 years’ experience in credit dispensation (MSME/Corporate loans). Experience in All India Financial Institutions, Scheduled Banks, NBFCs, or related areas. |
| Manager (Grade ‘B’) – General Stream | Graduation in any discipline with 60% (50% for SC/ST/PwBD) OR Post-Graduation in any discipline with 55% | 5 years’ experience in RBI, SEBI, Financial Institutions, Scheduled Banks, or NBFCs. Combined experience of 5 years in relevant areas is eligible. |
| Manager (Grade ‘B’) – Legal | Bachelor’s degree in Law with 50% (45% for SC/ST/PwBD) OR Master’s in Law/CS preferred | 5 years’ experience as a Law Officer in RBI, SEBI, Financial Institutions, CPSEs, or NBFCs. Expertise in Banking, Company, Labour, Constitutional Law, etc. |
| Manager (Grade ‘B’) – IT | Bachelor’s in Engineering/Technology (Computer Science/IT) or MCA with 60% (55% for SC/ST/PwBD) | 5 years’ experience in IT, with 2 years in AI/ML Solutions, Python/R programming, or Web Application Development. Experience in IT Security, Infrastructure, or Network Management. |
Age Limits for SIDBI New Recruitment 2024
Grade ‘A’ (Assistant Manager): Not below 21 years and not exceeding 30 years (Candidates born betwee 08.11.1994 and 09.11.2003 are eligible).
Grade ‘B’ (Manager): Not below 25 years and not exceeding 33 years (Candidates born between 08.11.1991 and 09.11.1999 are eligible).
Age Relaxation
| Category | Age Relaxation |
|---|---|
| Scheduled Caste/Scheduled Tribe | 5 years |
| Other Backward Classes (Non-creamy layer) | 3 years |
| PwBD (Unreserved/EWS) | 10 years |
| PwBD (OBC candidates) | 13 years (cumulative with OBC relaxation) |
| PwBD (SC/ST candidates) | 15 years (cumulative with SC/ST relaxation) |
| Ex-Servicemen | 5 years |
| Persons affected by 1984 riots | 5 years |
Salary For SIDBI New Recruitment 2024
| Post | Pay Scale (₹) | Gross Monthly Salary (₹) |
|---|---|---|
| Assistant Manager (Grade ‘A’) – General Stream | ₹44,500 – ₹89,150 | Approx. ₹1,00,000 |
| Manager (Grade ‘B’) – General Stream | ₹55,200 – ₹99,750 | Approx. ₹1,15,000 |
| Manager (Grade ‘B’) – Legal | ₹55,200 – ₹99,750 | Approx. ₹1,15,000 |
| Manager (Grade ‘B’) – IT | ₹55,200 – ₹99,750 | Approx. ₹1,15,000 |
Selection Process of SIDBI New Recruitment 2024
The selection process includes three phases:
Phase I (Online Screening Exam):
- One paper with 7 sections, total 200 marks.
- Candidates who qualify based on SIDBI’s cut-off will proceed to Phase II.
Phase II (Online Examination):
- Two papers, total 200 marks.
- Candidates qualifying Phase II based on SIDBI’s cut-off will be called for an interview.
Phase III (Interview):
- 100 marks interview, with 25% marks for notable achievements in extracurricular activities (District/State/National Level), awards, etc. Documentary evidence required.
- Candidates will also undergo an online Psychometric Test to assess personality traits, communication skills, problem-solving abilities, and suitability for the role. The test results may be considered during the interview.
Final Selection:
Based on performance in Phase II and the interview, along with Psychometric Test results.
Exam Pattern of SIDBI New Recruitment 2024
Phase-I Exam (For All Streams/Grades)
| Type of Test: Objective | Total Time: 120 Minutes |
| Name of Test | No. of Questions | Maximum Marks |
|---|---|---|
| English Language | 30 | 30 |
| Reasoning Aptitude | 25 | 25 |
| Quantitative Aptitude | 25 | 25 |
| Computer Knowledge | 20 | 20 |
| General Awareness (with reference to Banking, Financial Sector, Economic & Social Issues) | 20 | 20 |
| MSMEs: Policy, Regulatory & Legal Framework; Finance & Management (Focus on MSME) | 30 | 30 |
| Stream Specific Test (##) | 50 | 50 |
| Total | 200 | 200 |
The level of difficulty of questions in Grade ‘A’ and Grade ‘B’ may vary.
Stream Specific Test
| S.No. | Stream | Name of the Test | Remarks |
|---|---|---|---|
| 1. | General (Grade ‘A’ and ‘B’) | MSME financing (Due Diligence/KYC, Financial ratios, Assessment of Term Loan/Working Capital, Documentary credit, NPA and recovery including IRAC norms, NBFC Financing, Credit risk assessment, etc. | Syllabus is indicative, not exhaustive. |
| 2. | Legal (Grade ‘B’) | General Knowledge of Law: Constitutional Law, Administrative Law, Contract Act, Negotiable Instruments Act, RDB Act, SARFAESI, IBC, and other relevant laws. | Focus on major acts and legal principles. |
| 3. | IT (Grade ‘B’) | Domain-specific knowledge, including recent IT developments, programming, coding, database management, networking, AI/ML, system design and architecture. | Technical skill assessment required. |
Phase-II exam structure for Assistant Manager Grade ‘A’ (General Stream) and Manager Grade ‘B’ (General Stream):
| Paper | Name of the Test | Type of Paper | No. of Questions | Maximum Marks | Time |
|---|---|---|---|---|---|
| Paper I | English Language (Essay, Précis writing, Comprehension, and Business/Office Correspondence) | Online Descriptive (Answers to be typed using keyboard) | 3 | 75 | 75 minutes |
| Paper II | MSMEs: Policy, Regulatory and Legal Framework; MSME financing (Due Diligence/KYC, Financial ratios, Term Loan/Working Capital Assessment, Documentary Credit, NPA Recovery, IRAC norms, NBFC Financing, Credit Risk) | Online Objective (Bilingual – Hindi and English) | 50 | 75 | 60 minutes |
| Paper II | MSMEs: Investment Banking, Merchant Banking, Equity, AIFs, ARCs, MSME Promotion, Development | Online Descriptive (Answers to be typed using keyboard in English/Hindi) | 10 questions (Candidates must attempt 4) | 75 | 50 minutes |
2 questions of 15 marks each (higher difficulty level)
2 questions of 10 marks each
Phase-II exam structure for Manager Grade ‘B’ (Legal):
| Paper | Name of the Test | Type of Paper | No. of Questions | Maximum Marks | Time |
|---|---|---|---|---|---|
| Paper I | English Language (Essay, Précis writing, Comprehension, and Business/Office Correspondence) | Online Descriptive (Answers to be typed using keyboard) | 3 | 75 | 75 Minutes |
| Paper II | General Knowledge of Law (Constitutional Law, Administrative Law, Contract Act, Transfer of Property Act, Negotiable Instruments Act, Legal Drafting, RDB Act, SARFAESI, RTI Act, IBC, etc.) | Online Objective (Bilingual – Hindi and English) | 50 | 75 | 60 Minutes |
| Paper II (Descriptive) | Legal Topics as per syllabus (Candidates to answer in English or Hindi) | Online Descriptive (Answers to be typed using keyboard) | 6 questions (Candidates must attempt 4) | 75 | 75 Minutes |
2 questions of 15 marks each (higher difficulty level)
2 questions of 10 marks each
Phase-II exam structure for Manager Grade ‘B’ (IT):
| Paper | Name of the Test | Type of Paper | No. of Questions | Maximum Marks | Time |
|---|---|---|---|---|---|
| Paper I | English Language (Essay, Précis writing, Comprehension, and Business/Office Correspondence) | Online Descriptive (Answers to be typed using keyboard) | 3 | 75 | 75 Minutes |
| Paper II | IT Topics (Software, Computer Fundamentals, Data Structure, Programming with ‘C’, ‘C++’, ‘Java’, ‘Python’, Systems Analysis, Data Communication, Computer Architecture, IoT, Mobile Computing, Cyber Security, AI/ML, Big Data, etc.) | Online Objective (Bilingual – Hindi and English) | 50 | 75 | 60 Minutes |
| Paper II (Descriptive) | IT and Computer Science Topics | Online Descriptive (Answers to be typed using keyboard) | 10 questions (Candidates must attempt 4) | 75 | 75 Minutes |
2 questions of 15 marks each (higher difficulty level)
2 questions of 10 marks each
Negative Marking:
In both Phase-I and Phase-II of the online examination, a negative marking of 1/4th of the marks assigned to each question will be deducted for any incorrect answer.
How to Apply for SIDBI New Recruitment 2024
- Visit SIDBI Website: Go to www.sidbi.in and click on “APPLY ONLINE.”
- Register: Select “Click here for New Registration,” enter your details, and note down the Provisional Registration Number and Password.
- Save and Edit: Use “SAVE AND NEXT” to save your progress and modify details before submission.
- Verify Details: Ensure all details are correct as no changes can be made after clicking “COMPLETE REGISTRATION.”
- Upload Documents: Upload your photo and signature according to the guidelines.
- Preview: Review the entire form before submission.
- Payment: Click “Payment” and proceed to pay the application fee.
- Submit: After payment, click “Submit” to complete the application.
Application Fees for SIDBI New Recruitment 2024
| Category | Application Fee | Intimation Charge | Total |
|---|---|---|---|
| SC/ST/PwBD | Nil | ₹175 | ₹175 |
| Others (Including OBC/EWS and General) | ₹925 | ₹175 | ₹1100 |
| Staff Candidates | Nil | Nil | Nil |
Important Links
| Notification Pdf | Click here |
| Apply Now | Click here |
| For more updates | Click here |
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