SIDBI Recruitment 2024 for Grade A and B Officers: Complete Guide to Apply Online, Eligibility, and Selection

Small Industries Development Bank of India (SIDBI) has announced its 2024 recruitment for Grade A and B Officer posts in General and Specialist streams. If you are interested in a rewarding career supporting India’s Micro, Small, and Medium Enterprises (MSMEs), SIDBI offers a dynamic platform with growth opportunities. This post provides an in-depth look at SIDBI’s recruitment, covering everything from eligibility criteria to the application process and salary details.

Overview of SIDBI Recruitment 2024

SIDBI, headquartered in Lucknow, is the principal institution responsible for the growth and development of MSMEs across India. This recruitment drive seeks enthusiastic and competent candidates for Grade A (Assistant Manager) and Grade B (Manager) positions, offering roles in General, Legal, and Information Technology (IT) streams. Let’s explore the essential dates, eligibility criteria, salary, exam pattern, and application steps to help you apply with confidence.

 Important Dates for SIDBI Recruitment 2024

• Opening Date for Online Registration & Fee Payment: November 8, 2024
• Closing Date for Online Registration & Fee Payment: December 2, 2024
• Phase I Online Exam Date: December 22, 2024
• Phase II Online Exam Date: January 19, 2025
• Interview Date: February 2025 (Tentative)

Application Fees for SIDBI Recruitment 2024

The application fee for SIDBI’s Grade A and B posts varies based on category. Payments can be made online through SIDBI’s secure payment gateway.

• General, OBC, and EWS Candidates: Refer to SIDBI’s official website for details.
• SC/ST/PwBD Candidates: Refer to SIDBI’s official website for details.
• Payment Mode: Online only, including credit/debit cards or net banking.

Eligibility Criteria for SIDBI Officer Positions

Age Limit

Grade A (Assistant Manager): Candidates must be between 21 to 30 years, as of November 8, 2024.

Grade B (Manager): Candidates should be 25 to 33 years, as of November 8, 2024.

Educational Qualification and Experience

1. Grade A Officer (Assistant Manager – General Stream)

• Educational Requirements: Graduation in Commerce, Economics, Mathematics, Statistics, Business Administration, or Engineering with at least 60% marks (50% for SC/ST/PwBD). Alternatively, qualifications such as Chartered Accountancy (CA), Company Secretary (CS), or an MBA/PGDM from recognized institutions are also eligible.
• Experience: Minimum 2 years in credit processing or MSME-related financial services. Relevant experience includes working in commercial banks, NBFCs, or institutions that support MSME growth.

2. Grade B Officer (Manager – General Stream and Specialist)

SIDBI is also recruiting for specialized roles in General, Legal, and IT streams.

General Stream:

• Education: Graduation with at least 60% marks or Post-Graduation with 55% marks (50% for SC/ST/PwBD).
• Experience: At least 5 years of experience in the financial sector, including commercial banks, NBFCs, or financial institutions.

Legal Stream:

• Education: Bachelor’s degree in Law from a recognized institution.
• Experience: Minimum 5 years as a Law Officer, dealing with cases related to banking laws, NPA management, and recovery proceedings.

IT Stream:

• Education: Bachelor’s degree in Engineering/Technology in IT, Computer Science, Electronics, or MCA.
• Experience: 5 years of experience in IT roles related to AI, ML, cybersecurity, or application development.

Vacancy and Reservation for SIDBI Recruitment 2024

SIDBI’s Grade A and B recruitment includes reserved vacancies for various categories:

Grade A (Assistant Manager)

• Total Posts: 50 in General Stream
• Reserved Categories: Positions for UR, SC, ST, OBC, and EWS categories, with additional provisions for Persons with Benchmark Disabilities (PwBD).

Grade B (Manager)

• Streams: General, Legal, and IT
• Total Posts: 22 with specific reservations for SC, ST, OBC, and EWS candidates.

For detailed information on reservations, please refer to the official SIDBI notification.

Salary and Benefits for SIDBI Grade A and B Officers

SIDBI provides competitive salary packages along with additional benefits, allowances, and incentives. Here’s a breakdown:

Grade A Officer

• Pay Scale: ₹44,500 – ₹89,150
• Approximate CTC: ₹19 to ₹21 lakhs per annum, varying with location.
• Additional Benefits: Medical insurance, provident fund, leave travel concession, vehicle maintenance allowance, and accommodation or leased flat facility.

Grade B Officer

• Pay Scale: ₹55,200 – ₹99,750
• Approximate CTC: ₹23.5 to ₹26 lakhs per annum.
• Additional Perks: Gratuity, festival advance, loans at concessional rates, and allowances for training and skill enhancement.

SIDBI Officer Selection Process 2024

The selection process includes three stages to identify suitable candidates for each stream and grade:

1. Phase I – Preliminary Exam

The first phase consists of an objective test designed to assess candidates’ general aptitude, including the following subjects:

• English Language
• Reasoning Aptitude
• Quantitative Aptitude
• Computer Knowledge
• General Awareness (with a focus on Banking and MSME)
• MSME Policies and Stream-Specific Knowledge

Total Marks: 200
Duration: 120 minutes

2. Phase II – Main Exam

This stage includes both descriptive and objective sections to test candidates on stream-specific knowledge:

• Paper I: Descriptive English test including Essay, Précis Writing, and Comprehension.
• Paper II: Subject-specific questions relevant to the chosen stream (e.g., MSME policies for General Stream, legal concepts for Legal Stream, and IT skills for the IT Stream).

3. Interview

Shortlisted candidates from Phase II will be invited for an interview in February 2025. SIDBI may also conduct a Psychometric Test or similar assessments to gauge personality traits and professional aptitude.

Step-by-Step Application Process for SIDBI Recruitment 2024

Follow these steps to apply for SIDBI Officer positions:

1. Visit the SIDBI Official Website: Go to www.sidbi.in and select the recruitment section.
2. Register and Create Profile: Complete the registration by filling in basic information and verifying your mobile/email.
3. Upload Documents: Prepare scanned copies of your photo, signature, ID proof, and educational certificates in specified formats.
4. Fill Out Application Form: Accurately provide details, including educational qualifications and experience.
5. Review and Submit: Double-check your application for any errors, then submit it.
6. Pay Application Fees: Complete the payment process through online banking or card payment.
7. Print Confirmation: Save or print the final application for future reference.

Important Notes:

• Eligibility Verification: SIDBI will verify documents during the interview or joining process. Ensure all details are accurate to avoid disqualification.
• Multiple Applications: Candidates can apply for only one post. Multiple applications will lead to cancellation.

Exam Pattern and Syllabus for SIDBI Officer Recruitment

The syllabus is designed to test knowledge, problem-solving skills, and stream-specific expertise.

Phase I Exam (Objective)

• Sections: English, Reasoning, Quantitative Aptitude, Computer Knowledge, General Awareness, MSME Policies
• Duration: 120 minutes
• Penalty for Wrong Answers: 0.25 marks deducted for each incorrect answer

Phase II Exam (Objective & Descriptive)

• Paper I – English Descriptive: Essay, Précis, Comprehension (75 Marks)
• Paper II – Stream Specific: Questions related to MSME (General), Law (Legal), or IT (IT stream) (75 Marks)

Note: Candidates are advised to review the detailed syllabus on SIDBI’s official website, as it may vary based on the stream and grade.

Frequently Asked Questions (FAQs) on SIDBI Recruitment 2024

Q1. Can I apply for more than one post?
No, candidates can only apply for one post. Multiple applications are not allowed.

Q2. Is there an age relaxation for reserved categories?
Yes, age relaxation is applicable for SC, ST, OBC, and PwBD categories as per government guidelines.

Q3. Will SIDBI provide study materials for the exam?
No, SIDBI does not provide study materials. Candidates can refer to the indicative syllabus mentioned in the official notification.

Q4. What are the total vacancies available for each category?
The total vacancies vary by stream and category. Refer to the official notification for the exact distribution.

SIDBI’s 2024 recruitment offers an excellent opportunity to contribute to the MSME sector. With a structured selection process, competitive salary packages, and diverse streams, this recruitment provides a career path that balances professional growth with meaningful impact. Follow the instructions, prepare thoroughly, and best of luck with your application!