India: Micro, Small, and Medium Enterprise Development Project - Project Loan

Sovereign Project | 43158-013 Status: Closed

ADB is helping India develop and expand micro, small, and medium enterprises through an innovative financing program. The project will support state-owned Small Industries Development Bank of India in funding enterprises that have become too large to tap traditional microfinance but are unable to access conventional bank funds.

Project Details

Project Officer
Singh, Gurjyot South Asia Department Request for information
Country
  • India
Modality
  • Loan
Sector
  • Finance
 
Project Name Micro, Small, and Medium Enterprise Development Project - Project Loan
Project Number 43158-013
Country India
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 2617-IND: Micro, Small, and Medium Enterprise Development Project - Project Loan
Ordinary capital resources US$ 50.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Finance - Small and medium enterprise finance and leasing

Gender Equity and Mainstreaming Gender equity
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

Project Outcome

Description of Outcome
Progress Toward Outcome US$25.4 million has been disbursed for the financing of 3,409 MSMEs through direct financing and indirect financing (through 4 PFIs).
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)

US$ 25.4 million has been disbursed.

Total number of subprojects benefited is 3,409. Women subborrowers constitute 11% of the total subborrowers.

PCG is not applicable to the ADB Loan to SIDBI.

Geographical Location Rajasthan,India

Summary of Environmental and Social Aspects

Environmental Aspects

SIDBI has developed and adopted an Environmental and Social Safeguards Framework (ESSF).

SIDBI is also providing support to its PFIs, for putting in place systems for environmental compliance. The PFIs will also be encouraged to put in place ESSF.

Involuntary Resettlement No involuntary resettlement will be triggered.
Indigenous Peoples No impacts on indigenous people/scheduled tribes are anticipated.
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation

Business Opportunities

Consulting Services Any consultants will be recruited in line with ADB's Guidelines on the Use of Consultants (2007, as amended from time to time).
Procurement All procurement to be financed under an ADB loan will be carried out in accordance with ADB's Procurement Guidelines (2007, as amended from time to time).

Responsible Staff

Responsible ADB Officer Singh, Gurjyot
Responsible ADB Department South Asia Department
Responsible ADB Division India Resident Mission
Executing Agencies
Small Industries Development Bank of India
MSME Development Centre, Resources Mgt.
Dept,4th Flr,Plot No. C-11,'G' Block
Bandra Kurla Complex Bandra (East)Mumbai

Timetable

Concept Clearance -
Fact Finding -
MRM -
Approval -
Last Review Mission -
PDS Creation Date 08 Jul 2009
Last PDS Update 27 Mar 2015

Loan 2617-IND

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
26 Feb 2010 19 Mar 2010 17 May 2010 30 Jun 2015 - 30 Jun 2015
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 50.00 Cumulative Contract Awards
ADB 50.00 26 Feb 2010 0.00 0.00 0%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 26 Feb 2010 35.71 0.00 100%
Status of Covenants
Category Sector Safeguards Social Financial Economic Others
Rating - Satisfactory - Satisfactory - Satisfactory

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications


The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.

Tenders

No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.