Descripción del área de estudio

2.1 Material de Estudio

2.1.1 Descripción del área de estudio

1. SIDBI Foundation for Micro Credit: -

Background: -

Small Industries Development Bank of India (SIDBI), an apex financial institution for promotion, financing and development of small scale industries in India, has launched a major project christened "SIDBI Foundation for Micro Credit" (SFMC) as a proactive step to facilitate accelerated and orderly growth of the micro finance sector in India. SFMC is envisaged to emerge as the apex wholesaler for micro finance in India providing a complete range of financial and non-financial services such as loan funds, grant support, equity and institution building support to the retailing Micro Finance Institutions (MFIs) so as to facilitate their development into financially sustainable entities, besides developing a network of service providers for the sector. SFMC is also poised to play a significant role in advocating appropriate policies and regulations and to act as a platform for exchange of information across the sector. Operations of SFMC in the next few years are expected to contribute significantly towards development of a more formal, extensive and effective micro finance sector serving the poor in India.

Objective: -

SIDBI Foundation For Microcredit: -

SFMC has been operating as a specialised Department of Small Industries Development Bank of India from January 1, 1999.

SFMC is striving to accelerate the credit flow to the Micro finance sector by working in close partnership with the Micro Finance Instituions in the country. SFMC is also in the process of working towards building up the capacity of its partner MFIs so as to make them sustainable providers of the financial services to the poor.

SFMC keeps the partners informed about the important happenings at SFMC through its publication, the SFMC newsletter.

Training Initiatives: -

SFMC has chalked out a strategy for ensuring long-term sustainable training inputs to the MFIs in the country, in consultation with Prof. Malcolm Harper, an expert in the area. SFMC is in contact with leading academic institutions such as IRMA, XIMB and IIFM to ensure that the scope of their current programmes are enhanced to capture the current trends and meet the demands of the sector. The following programmes are noteworthy and are expected to provide quality manpower to serve the sector: -

IIFM is offering an elective on Micro Finance in its PGDFM programme. XIMB is currently offering an elective on Micro Finance in its PGDRM programme and plans to offer a second elective soon.

IRMA is currently offering a part elective on Rural Finance Management in its PGDRM programme, which has a major focus on Micro Finance.

SFMC has already facilitated technical inputs for value enhancement of the programme offered by XIMB, while it is in the process of tying up technical assistance to enhance the scope of the programmes being currently offered by IRMA. Opportunities were made available to Faculty members from the select training institutions to attend advanced training programmes in Micro Finance both in India and abroad. On the other hand, SFMC is also in the process of encouraging practitioner lead short term training programmes to meet the specific technical training requirements of MFIs. The short-term events are listed separately in the section on forthcoming events. It is expected that the SFMC partners would use the Capacity Building (CB) grant assistance to attend the programmes of their choice. In the unlikely event of any partner MFI not having received the CB support as yet, SFMC would pay the fee to the concerned Training Institutions, on request. SFMC has also launched 'Young Professionals Programme' to assist MFIs in campus recruitment.

Expanding the Frontiers of Micro Finance in India SFMC Institutional Partners

(G) Other Schemes: -

1. Scheme for Domestic Factoring (FAC): -

Purpose: -

To provide factoring service to the manufacturers in SSI sector supplying their products on credit terms to various purchasers in the domestic market with a view to assisting them in their receivable management as also providing them with finance against the receivables factored.

Eligibile Borrowers: -

Facilities are extended to existing units in SSI sector - with good track record of performance and sound financial position - supplying components/ parts/ accessories/ sub-assemblies etc. on short term credit to well established purchasers units. They should have been in operation for at least three years and have earned profits and/or declared dividend during the two years prior to taking up the scheme.

Norms: -

Sales of the unit should preferably be spread over a minimum of 5 customers with maximum sales concentration in a single buyer being less than 30%. Maximum credit period shall be of 90 days.

2. Scheme for Invoice Discounting (IDS): -

Purpose: -

To improve the cash flow and liquidity of units in the small-scale sector against the goods sold and/or services provided to large purchaser companies in the public/private sector, including PSUs having good financial track record.

Eligibility Borrowers: - 1. Purchaser:

The purchaser of goods / services from the seller shall be large companies in the public / private sector, including PSUs, having good financial track record, market standing and impeccable record of making payments to its suppliers within the agreed credit period. Exposure limits shall be sanctioned to approve purchaser companies based on their financials. The SSI suppliers to such purchaser companies shall then be sanctioned invoice discounting limits within the overall exposure limit to the Approved Purchaser. The approved purchaser(s) shall agree to make payments directly to SIDBI within the credit period notified on the invoice.

2. Seller: - -

Public / Private Ltd. companies in the Small Scale Sector supplying goods or providing services like transportation, repairs, maintenance, computerisation, canteen services, advertising, publicity etc to large purchaser companies may be covered. They should: -

o Have been in existence for at least three years

o Have earned profits / declared dividends in the last two years and o Not be in default to banks / financial institutions Well-run and

reputed partnership firms could be considered on selective basis. Norms: -

The limit to the seller shall be based on the sales during the last two years and projection for the current year and shall normally not exceed 33% of the aggregate annual net sales to the approved purchasers.

The credit period shall be based on the credit period allowed by the seller to the approved purchaser(s) in the past and shall normally not exceed 120 days. In case the purchaser fails to make the payment as per the agreed credit period, the seller shall be liable to pay the same together with interest and other charges.

The rate of interest shall be within the band of 0-3.5% p.a. above the MTPLR. In case of delay in payment by the purchaser beyond the sanctioned credit period, further interest at the approved rate and liquidated damages at 2% p.a. on the defaulted amount for the period of default will be paid by the seller.

An advance upto a maximum of 80% of the effective value of invoice (net of rejections / returns), in respect of sales / services rendered directly to the approved purchaser(s) will be made to the seller, upon acceptance of goods / certifying that the services provided have been rendered to the satisfaction of the approved purchaser. The invoice(s) will have to be made as per the terms of the purchase order. The balance amount of 20% will be released after deducting finance and other charges on receipt of payment from the purchaser.

(H) Promotional & Development Activities: -

In document Estudio de la productividad en la partida de estructuras 1°-3° piso, de la construcción del edificio multifamiliar Residencial Heredia en la ciudad de Trujillo (página 108-116)