SIDCO

Commerce

1. SMALL INDUSTRIES DEVELOPMENT
CORPORATION (SIDCO)
Dr. G. ASHOK KUMAR
Assistant Professor of Economics
VIVEKANANDA COLLEGE,
TiruvedagamWest
Madurai –625 234

2. About SIDCO
Small IndustriesDevelopment
Corporations('SIDCO')arestate-owned
companiesoragenciesinthestatesof
Indiawhichwereestablishedatvarious
timesunderthepolicyofGovernmentof
Indiaforthepromotionofsmallscale
industries.

3. SIDCO in India

4. Objectives OF SIDCO
ThefollowingarethemainobjectivesofSIDCO
•ThemainobjectiveofSIDCOistostimulatethegrowthofindustriesinthesmall
scalesector
•Toprovideinfrastructurefacilitieslikeroads,drainage,electricity,watersupply,etcis
oneoftheprimaryobjectiveofSIDCO.
•ToPromoteindustrialestateswhichwillprovideindustrialshedsofdifferentsizes
withallbasicinfrastructurefacilities.
•ToProvidetechnicalassistancethroughtrainingfacilitiestotheentrepreneurs.
•ToPromoteskilledlaborthroughthesettingupofindustrialtraininginstitutes.

5. Need for (SIDCO)
•Inmanystategovernments,forthepromotionofsmall
scaleindustries,aseparatecorporationhasbeensetup
whichisknownasSmallIndustriesDevelopment
Corporation.Theyundertakeallkindsofactivitiesfor
thepromotionofsmallscaleindustries.Rightfromthe
stageofinstallation,tothestageofcommencing
production,theseCorporationshelpsmallscale
industries(SSI)inmanyways.
•Inshort,theyprovideinfrastructurefacilitiestosmall
scaleindustries.Duetotheassistanceprovidedby
SIDCO,manybackwardareasinmostofthestates
havebeendeveloped.So,SIDCOhasalsobeen
responsibleinspreadingtheindustrialactivity
throughoutseveralstates.

6. Functions of SIDCO
1.SIDCO supplies scarce raw materials
2.SIDCO provides marketing assistance
3.SIDCO assists in Bills discounting
4.SIDCO provides Export marketing assistance
5.SIDCO set up Captive power plants
6.SIDCO promotes skill development centres
7.SIDCO promotes women entrepreneurs

7. THANK YOU