The Small Industries Development Bank of India, the only institution specifically aimed at promoting financing for small industries, has announced its official recruitment plan for 2024. Applications are invited in two streams – Grade A: Assistant Manager and Grade B: Manager General and Specialist. As a premier institution mandated to promote and finance micro, small, and medium enterprises in India, SIDBI will provide an impactful career opportunity for interested candidates who wish to make a positive contribution to this very critical economic sector.
Joining SIDBI opens the opportunity to work in the public banking domain while being an effective participant in the economic empowerment of small businesses across the country. Official notification issued on 8th November 2024 specifies information on the 70 number of open vacancies available, which details on the posts, eligibility, selection process, and guidelines on how application needs to be submitted. In this article, you will find the SIDBI Recruitment 2024 to give the candidate all the information they need in applying and passing through the recruitment process.
SIDBI, established in 1990, is an apex financial institution focused on the growth and development of MSMEs. The organization offers diverse financial services to promote industry growth in India. SIDBI Recruitment 2024 invites candidates to apply for Grade-A and Grade-B roles, providing an opportunity to work with one of India’s foremost financial institutions dedicated to economic empowerment.
| Exam Particulars | Details |
|---|---|
| Exam Name | SIDBI Grade A & B Recruitment 2024 |
| Conducting Body | Small Industries Development Bank of India |
| Post Name | Assistant Manager (Grade-A), Manager (Grade-B) |
| Total Vacancies | 70 |
| Mode of Application | Online |
| Application Start Date | 8th November 2024 |
| Application End Date | 2nd December 2024 |
| Phase 1 Exam Date | 22nd December 2024 |
| Phase 2 Exam Date | 19th January 2025 |
| Official Website | www.sidbi.in |
This year, SIDBI announced a total of 70 vacancies for Assistant Manager (Grade-A) and Manager (Grade-B) positions in General and Specialist streams. Out of these, 50 positions are designated for Assistant Manager posts in the General Stream, with the remaining 20 positions distributed across other categories, such as Specialist roles and Grade-B vacancies.
| Category | Vacancies |
|---|---|
| UR | 23 |
| SC | 6 |
| ST | 4 |
| OBC | 14 |
| EWS | 3 |
| Total | 50 |
These vacancies are divided to ensure a balanced representation across different categories, thus promoting equal opportunity.
To be eligible for SIDBI Recruitment 2024, candidates must meet the following criteria in terms of nationality, age, and educational qualifications:
The educational requirements vary for the General and Specialist streams:
These qualifications ensure that applicants possess the required knowledge to handle the responsibilities of their positions effectively.
SIDBI Recruitment 2024 follows a three-stage selection process for Assistant Manager and Manager positions. The selection process is rigorous, involving exams and interviews to assess the candidate’s abilities:
The Phase 1 examination is a national-level online test covering sections like Reasoning, English Language, Quantitative Aptitude, and General Awareness. This objective test will evaluate the candidate’s fundamental aptitude and subject knowledge.
Candidates who qualify in Phase 1 will proceed to Phase 2, which is also an online test but focuses more on technical or specialized knowledge, especially for Specialist roles. Phase 2 typically includes a descriptive test to assess the candidate’s communication and analytical abilities.
Qualified candidates from Phase 2 will be invited for the final stage: Group Discussion (GD) and Personal Interview. These sessions allow the SIDBI panel to assess candidates’ interpersonal skills, leadership qualities, and suitability for the role.
SIDBI offers competitive salaries and benefits for Grade-A and Grade-B positions:
In addition to the base salary, selected candidates receive various allowances and benefits such as medical facilities, insurance, leave policies, and retirement benefits, making SIDBI a highly attractive employer.
The application process for SIDBI Recruitment 2024 is conducted online. Candidates must complete the following steps to apply:
1. Visit: www.sidbi.in and register.
2. Registration: Click on the “Apply Online” link and complete the one-time registration process. You’ll need to provide a valid email address, mobile number, and other basic details.
3. Fill out the Application Form: Log in using your credentials and fill out the application form with personal, educational, and contact details.
4. Upload Documents: Upload scanned copies of your photograph, signature, and any relevant educational or professional certificates.
5. Payment of Application Fee: Pay the application fee online. The fee structure is as follows:
| Category | Application Fee | Intimation Charges | Total Charges |
|---|---|---|---|
| Gen/OBC/EWS | Rs. 925 | Rs. 175 | Rs. 1100 |
| SC/ST/PwD | Nil | Rs. 175 | Rs. 175 |
| Staff Candidates | Nil | Nil | Nil |
6. Submit the Application: Once the form is complete and payment is confirmed, submit the application. Take a printout of the final application form for future reference.
| Event | Date |
|---|---|
| SIDBI Grade A & B Notification Release | 8th November 2024 |
| Online Application Start Date | 8th November 2024 |
| Last Date to Apply Online | 2nd December 2024 |
| Phase 1 Exam Date | 22nd December 2024 |
| Phase 2 Exam Date | 19th January 2025 |
SIDBI Recruitment 2024 This is a good recruitment opportunity for aspirants who wish to contribute toward the economic growth of India by providing support for the development of small industries. Candidates who fulfill the eligibility criteria for the vacancies announced under Grade A and B are not likely to let this golden opportunity slip by to join a reputable public financial institution. SIDBI shortlists only the best talent selected through multiple stages, which will be very essential in bringing strength to its mission.
The application window has started from 8th November and ends on 2nd December 2024. Therefore, applicants are requested to apply early and prepare well for the rounds of examination and interviews. Salary, job security, and the opportunity to make a worthwhile impact make this the career of the future in public banking for those who aspire for such a career.
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