Associate Manager- Financial Inclusion, SIDBI

1. POSITION VACANT: Associate Manager- Financial Inclusion, Small Industries Development Bank of India (SIDBI), New Delhi/ Lucknow

Corrigendum

The last date for submission of applications stands extended up to February 14, 2025. All other terms and conditions for the recruitment of Associate Manager Financial Inclusion, as specified below, remain unchanged.

Eligible candidates interested in the position can apply using the link by or before February 14, 2025.

2. ORGANIZATION BACKGROUND:

Small Industries Development Bank of India (SIDBI) set up on 2nd April 1990 under an Act of Indian Parliament, acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector as well as for coordination of functions of institutions engaged in similar activities.

Aligned to the vision of SIDBI, its Programmes for Development and Impact (PDI) vertical focuses on promotion of MSMEs and creation of livelihood through integrated, innovative, and inclusive approaches and plays a proactive role in impacting the lives of people across various strata of society be it traditional domestic industry, small, bottom of the pyramid entrepreneurs, medium enterprises to high end knowledge based industries and export promotions. The focus of PDI is to spread entrepreneurship culture and enterprise promotion.

Swavalamban Resource Facility (SRF) under PDI was set-up in the year 2020 as part of the Poorest States Inclusive Growth (PSIG) Programme Legacy Plan. SRF is a special cell established with support from FCDO, UK which works towards strengthening the microenterprise ecosystem in the country with special focus for bringing inclusion and innovation in promoting entrepreneurship for low-income pockets of India.

The Bank believes that its people, process and technology are the key drivers for delivering customer service. The Bank firmly believes that its Human Resources are its most valuable asset. SIDBI is an equal opportunity employer and provide equal employment opportunities, without any discrimination on the grounds of age, color, disability, marital status, nationality, race, religion, sex etc.

For more information about SIDBI, please visit

3. Job Description/ Responsibilities:

SIDBI is looking for an outstanding development professional, to join the team as Associate Manager-Financial Inclusion under Swavalamban Resource Facility, Programs for Development and Impact Vertical. S/he shall be responsible for the following:

(1) Support SIDBI in effective functioning/management of the day-to-day affairs;

(2) Working in close co-ordination with Mission Swavalamban of SIDBI;

(3) Processing and management of developmental projects and other allied activities (including MIS, follow-up and monitoring) being undertaken by SIDBI;

(4) Processing and settlement of related bills of the concerned agencies;

(5) Keeping in touch with sectoral developments on financial inclusion and other relevant aspects involving livelihood, small and micro enterprises and prepare updates on sectoral issues;

(6) Document project progress through various internal reporting mechanisms;

(7) Represent SIDBI in various fora/events and brief the higher-ups on the same;

(8) Interact with various stakeholders for effective implementation of the activities undertaken by SIDBI;

(9) Build/maintain strong working relationships with all concerned stakeholders;

(10) Any other work as assigned by SIDBI;

(11) SIDBI reserves the right to relocate the Officials/Consultants to any other place at its discretion.

4. Qualification, Experience and Competencies:

(1) Applicants must have a Post Graduate Degree in Social Work/ Commerce/ Economics/ Business Management/ Rural Management and/ or any other relevant areas from recognized university/ institutions;

(2) Any additional qualification, in related field would be given preference;

(3) Demonstrated technical expertise in design, implementation of program of development nature with at-least 3-5 years experience;

(4) Understanding of social development preferably i/r/w enterprise creation, skilling and social entrepreneurship;

(5) Additional experience in managing large scale livelihood and enterprise related project would be given preference;

(6) Exceptional communication and relationship-building skills.

5. Compensation Offered:

The compensation offered on a CTC basis shall be commensurate with industry standards. Higher compensation may be considered for highly competent and experienced candidates based on their suitability/ experience.

6. Place of posting: New Delhi/ Lucknow. However, the bank reserves the right to post the incumbent at other centres as the bank may decide from time to time.

7. Age limit: Applicants should not be more than 35 years as on December 31, 2024.

8. Type of Post: Contractual on Full time basis

9. Period of Contract: The terms of contract of Associate Manager-Financial Inclusion would initially be for a period of 2 years. However, need-based renewal/ extension of the contract may be considered by SIDBI subject to periodic review of performance.

10. Reservation:

(1) Reservations/ Relaxations/ Concessions would be given to SC/ ST/OBC/EWS/PwBD candidates, wherever applicable as per guidelines issued by the Government of India from time to time;

(2) The eligible candidate should produce a certificate issued by a competent authority as per the Government of India Guidelines. Vacancy for Person with Disability (PwBD) is horizontal within the overall vacancies for the post;

(3) Candidates belonging to the reserved category for whom no reservation has been mentioned, are free to apply for vacancies announced for unreserved category provided, they fulfil all the eligibility criteria applicable to unreserved category;

(4) It is clarified that it may not be possible to employ candidates with disability in all offices/ departments of the Bank and they will have to work in the post/centers as decided by the bank in this regard.

11. Selection Process:

(1) Selection shall be by way of shortlisting and personal Interview to be held physically or online on a suitable date (to be informed in due course) before the Selection Committee. SIDBI will undertake a preliminary screening of the applications for preparing, if necessary, a shortlist of eligible candidates to be called for interview. Thus, merely fulfilling the requirements laid down in the advertisement would not automatically entitle any candidate to be called for interview. The decision of SIDBI to call candidates for interview shall be final. No correspondence shall be entertained in this regard;

(2) Merit List: Merit list for selection shall be prepared in descending order of scores awarded by the Selection Committee in interview only. In case more than one candidate obtains the cut-off marks (common marks at cut-off point), such candidates shall be ranked according to their age seniority in the descending order of merit;

(3) Wait List: SIDBI reserves the right to generate wait lists of eligible candidates found suitable for appointment by the Selection Committee and to consider such wait listed candidate(s) for appointment in case the preferred candidate does not join and/or in the event of attrition.

12. General Information:

(1) The candidate must be a citizen of India;

(2) Candidates are advised that they should not furnish any particulars or information that is false, tampered/ fabricated and/or suppress any material information while applying for the post;

(3) In case it is detected at any stage that a candidate does not fulfil any of the eligibility criteria for the post applied for and/or that s/he has furnished incorrect information and/or has suppressed any material fact(s), and/or has resorted to Impersonating or procuring impersonation by any person; her/his candidature will stand cancelled forthwith. If any of these shortcomings is/are detected even after the appointment, her/his services will be liable to be terminated forthwith;

(4) The applicant shall be liable for civil/ criminal consequences in case the information submitted in her/ his application are found to be false at a later stage;

(5) Decisions of SIDBI in all matters regarding eligibility, shortlisting, conduct of interviews, selection, calling for joining etc., shall be final and binding on the applicants. Canvassing in any form shall lead to disqualification of candidature.

13. CONTACT INFORMATION:

Team SAMS

Strategic Alliance Management Services P Ltd.

1/1B, Choudhary Hetram House, Bharat Nagar

New Friends Colony, New Delhi

Phone Nos.: ;

14. Application Process:

Eligible candidates interested in the position can apply using the link by or before February 14, 2025.