SIDBI to hire experienced bankers, CAs on contract basis

The employability of job seekers is an issue that captains of industry invariably concerned about. They feel that job applicants are not industry-ready, necessitating the need to invest quite a bit on training.

To tide over this sticky issue, SIDBI (Small Industries Development Bank of India) has proposed to hire experienced chartered accountants and retired bankers on contract for jobs that require certain skills.

Mr Ram Nath, Chief General Manager, SIDBI, said, “We are trying to enter the loan syndication space in a big way and are in the process of appointing knowledge partners to help the MSMEs in need of finance support prepare bankable project reports. Who better than an experienced banker or chartered accountant can fit the bill?” he asks.

The bank is looking to set up at least 50 Trade Facilitation Centres this fiscal. “We are planning to have such centres in prime MSME pockets to guide and help units have access to finance. Service sector is another focus area for SIDBI, for commercial banks do not lend to this sector and we are looking to bridge the gap,” he said

The response to the call for experienced hands has been positive, he said, in reply to a query.

lnr@thehindu.co.in