SIDBI has released a total of 100 vacancies for the year 2022-23 for SIDBI Grade A Level posts. The detailed advertisement was released on the 13th of December 2022. The online application started on 14 December 2022 and the last date to apply online is the 3rd of January 2023. Here in this post, you can check the salary, job profile, and other information regarding Grade A level posts in SIDBI.
SIDBI Grade A Salary 2022-23
The detailed break up of SIDBI Grade A Salary 2022 is as follows
|Basic Pay||Rs. 28,150/-|
|Pay Scale||Rs. 28150-1500(4)-34350-1750 (7)-46600-EB-1750(4)-53600-2000(1)-55600(17 years)|
|Increment||4 stagnation increments|
|Grade Allowance||Rs. 6000/-|
|House Rent Allowance||10% of the pay|
|Special Allowance||Rs. 6,500/-|
|SIDBI Grade A Special Pay||Rs. 2000/-|
|Net Salary||Rs. 70,000/-|
Attempt a Free Mock Test here
Probation and Posting/Transfer
The selected candidates would be on probation for a period of 2 years which is extendable up to a maximum of 4 years at the discretion of SIDBI. The selected candidates will be liable to be posted/transferred at the discretion of SIDBI to various offices/verticals/associates/subsidiaries of SIDBI from time to time and on such terms and conditions as may be decided by SIDBI
The Officers in Grade ‘A' are expected to contribute proactively in following broad areas of operations of the Bank-
(a) Augmenting credit penetration in MSME, Microfinance, and Startup/Venture Capital Sector through Direct / Indirect Credit Delivery and Monitoring Mechanisms.
(b) Contributing to entrepreneurship promotion & skill development activities of the Bank for the MSME sector, including facilitating cooperation and coordination with various stakeholders.
(c) To be key input providers in Business Analytics and decision-making process by gathering regular market feedback/ research and updating the Management with the trends in their areas/clusters to assist the Bank in prioritization of various new initiatives and projects.
(d) Participate in internal management/administration, control, and monitoring related functions to ensure that the Bank remains an adaptable and responsive organization amidst changing dynamics of the MSME sector and the overall economy.
(e) Any other work as assigned by the Bank from time to time.
Read on for more details: SIDBI Notification 2022-23, SIDBI Application Form 2022-23, SIDBI Syllabus 2022-23, SIDBI Exam Pattern 2022-23, SIDBI Vacancy 2022-23
SIDBI Grade A Officer's Perks and Allowances
Apart from salary, SIDBI Grade A Officers are eligible for several perks and allowances, A few of which are mentioned below.
- Dearness Allowance
- House Rent Allowance
- Special Allowance
- Family Allowance
- City Compensatory
- Local Allowance
- Learning Allowance
- Grade Allowance
- Special Compensatory Allowance
Take up a free SIDBI Grade A Mock Test Here.