Lok Sabha Question No. 3687 (UNSTARRED), answered on 2025-03-24
Subject: Opening of New Branches of SIDBI
Ministry: FINANCE
Asked by: Shri P V Midhun Reddy

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UN-STARRED QUESTION NO. 3687

ANSWERED ON MONDAY, 24 TH  MARCH, 2025/ 3 CHAITRA 1947 (SAKA)

## OPENING OF NEW BRANCHES OF SIDBI

## 3687. SHRI P V MIDHUN REDDY

Will the Minister of Finance be pleased to state:

- (a) whether Small Industries Development Bank of India (SIDBI) will open new branches to expand its reach to serve all major MSME clusters across the country;
- (b) if so, the details thereof;
- (c) the details of the proposed branches in Andhra Pradesh and their targeted clusters; and
- (d) the way by which this expansion ensures direct credit access for MSMEs in underserved regions?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PANKAJ CHAUDHARY)

- (a)  to  (b):  According  to  Small  Industries  Development  Bank  of  India  (SIDBI),  during  the current financial year (F.Y) 2024-25, a total of 26 branches have been opened till date. This expansion will bring their total branch network to 127. With these new branches, SIDBI's reach will extend to 176 major clusters. SIDBI will continue to open new branches to expand its reach to serve all major MSME clusters by F.Y 2026-27. The list of newly opened branches during current F.Y are as under:

|   Sr. No | Branch        | State          |
|----------|---------------|----------------|
|        1 | Patiala       | Punjab         |
|        2 | Bareilly      | Uttar Pradesh  |
|        3 | Jalgaon       | Maharashtra    |
|        4 | Vellore       | Tamil Nadu     |
|        5 | Trichy        | Tamil Nadu     |
|        6 | Satara        | Maharashtra    |
|        7 | Surendranagar | Gujarat        |
|        8 | Jabalpur      | Madhya Pradesh |
|        9 | Dahod         | Gujarat        |
|       10 | Sambalpur     | Odisha         |
|       11 | Kalaburagi    | Karnataka      |
|       12 | Shivamogga    | Karnataka      |
|       13 | Mangaluru     | Karnataka      |

|   14. | Vijayapura        | Karnataka      |
|-------|-------------------|----------------|
|    15 | Raichur           | Karnataka      |
|    16 | Tumukuru          | Karnataka      |
|    17 | Kanakpura         | Karnataka      |
|    18 | Siliguri          | West Bengal    |
|    19 | Karnal            | Haryana        |
|    20 | Machilipatnam     | Andhra Pradesh |
|    21 | Ujjain            | Madhya Pradesh |
|    22 | Meerut            | Uttar Pradesh  |
|    23 | Hajo              | Assam          |
|    24 | Bulandshahr       | Uttar Pradesh  |
|    25 | Kakinada          | Andhra Pradesh |
|    26 | Rajamahendravaram | Andhra Pradesh |

Source: SIDBI

- (c)  :  The  details  of  newly  opened  branches  in  the  state  of  Andhra  Pradesh  and  their  target clusters are as follows:

| Branch            | Date of opening   | Major Target clusters                                                                  |
|-------------------|-------------------|----------------------------------------------------------------------------------------|
| Machilipatnam     | 12.12.2024        | Imitation Jewellery Industry cluster at Machilipatnam                                  |
| Kakinada          | 06.03.2025        | Printing Clusters at Kakinada and Pulses & Pulses Products cluster at Rayavaram Mandal |
| Rajamahendravaram | 06.03.2025        | Furniture Manufacturing cluster at Rajamahendravaram                                   |

Source: SIDBI

- (d): The opening of new Branches will help improve SIDBI's geographic footprint to reach out to MSMEs in many clusters through lending and developmental activities.

*****