In exercise of the powers conferred by clause a of sub section 1 of section 6 read with sub section 2 of section 6 of the Small Industries Development Bank of India

## Report on Appointment of Chairman and Managing Director of SIDBI **1. Executive Summary:** This report analyzes a notification from the Ministry of Finance, Department of Financial Services, regarding the appointment of Shri Sivasubramanian Ramann as the Chairman and Managing Director (CMD) of the Small Industries Development Bank of India (SIDBI). The notification outlines the terms of his appointment, including the duration, remuneration, and the legal basis for the appointment. The key finding is the formal appointment of a new CMD to lead SIDBI, which is significant for the bank's strategic direction and operations. **2. Introduction:** This report aims to provide a comprehensive overview of the notification issued by the Ministry of Finance, Department of Financial Services, concerning the appointment of the Chairman and Managing Director of the Small Industries Development Bank of India (SIDBI). The analysis is based solely on the provided text. **3. Policy Overview:** This document does not amend an existing policy, but rather implements the SIDBI Act of 1989. The core objective, inferred from the text, is to ensure leadership and effective management within SIDBI by appointing a qualified individual as its Chairman and Managing Director. **4. Background and Rationale:** This is a New Policy in the sense of appointing a specific person to a specific role under existing legislation (the SIDBI Act). The policy addresses the need for leadership within SIDBI, which is essential for the bank's operations, policy implementation, and achievement of its mandate. The appointment ensures the continued functioning of SIDBI with a designated leader. **5. Key Provisions / Changes:** This document details the appointment of Shri Sivasubramanian Ramann as CMD of SIDBI. The key provisions include: * **Appointment:** Shri Sivasubramanian Ramann, previously MD & CEO of National E-Governance Services Ltd., is appointed as CMD of SIDBI. * **Legal Basis:** The appointment is made in exercise of the powers conferred by clause (a) of subsection (1) of section 6 read with subsection (2) of section 6 of the Small Industries Development Bank of India (SIDBI) Act, 1989. * **Tenure:** The appointment is on a deputation basis for a period of 3 years from the date of taking charge, or until further orders, whichever is earlier. * **Remuneration:** The CMD will be compensated in the scale of pay of Rs. 2,05,400 to Rs. 2,24,400 (Level 16). * **Effective Date:** The notification is dated April 7, 2021. **6. Target Audience and Stakeholders:** The target audience and stakeholders directly affected by this appointment include: * **SIDBI Employees:** The appointment directly impacts the leadership and management structure of the bank. * **Small Industries and Entrepreneurs:** As SIDBI's beneficiaries, they are affected by the strategic direction and policies implemented by the new CMD. * **Ministry of Finance, Department of Financial Services:** The appointing authority, responsible for overseeing SIDBI's operations. * **National E-Governance Services Ltd.:** The previous employer of the appointed CMD, impacted by his departure. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The Ministry of Finance, Department of Financial Services, is responsible for the appointment. SIDBI is the primary body affected by and responsible for implementing the change in leadership. * **Timelines:** The appointment is effective from the date Shri Ramann takes charge and lasts for 3 years or until further orders. * **Procedures:** While not explicitly stated, the implementation involves Shri Ramann assuming his responsibilities as CMD and integrating into SIDBI's operational structure. **8. Expected Outcomes / Impact of Changes:** The intended outcome of this appointment is to provide SIDBI with effective leadership and strategic direction. The likely impact includes: * **Enhanced SIDBI Operations:** The new CMD is expected to bring his expertise and vision to improve SIDBI's operational efficiency and effectiveness. * **Policy Implementation:** The CMD will be responsible for implementing existing policies and potentially developing new initiatives to support small industries. * **Stakeholder Confidence:** The appointment of a qualified CMD can enhance confidence among stakeholders, including small businesses, investors, and government agencies. **9. Conclusion:** The notification signifies the appointment of Shri Sivasubramanian Ramann as the Chairman and Managing Director of SIDBI, a crucial institution for the development of small industries. This appointment is significant for providing leadership and strategic direction to SIDBI, which in turn impacts the small industries sector and the overall economy. The terms and conditions of the appointment are clearly outlined, ensuring a smooth transition and effective management of the bank.

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