In the year 2010, SIDBI has been honoured with international Merit Award on “MSME Financing & Development Project (MSMEFDP)’ by Association of Development Financing Institutions in Asia Pacific (ADFIAP) for the Project’s developmental impact on the local economic development. It may be mentioned that ADFIAP is an international association of 117 financial institutions / banks from 42 countries in the Asia-Pacific region, aiming at sustainable economic development through members’ contributions.

The Merit Award was conferred in recognition of the impact created by the multi-activity, multi-agency MSME Financing and Development Project (MSMEFDP) which is being implemented by SIDBI. The Project aims at addressing both the demand & supply side issues of MSMEs through judicious provision of financial and non-financial services. While the Department of Financial Services, Ministry of Finance, Government of India is the Nodal Agency, the international partners are the World Bank; DFID, UK; KfW and GTZ, Germany.

The Project has made noticeable impact on the MSME sector in India as given below:

• The Project has reached out to about 28,000 beneficiaries (MSMEs - 26,000 and bankers/stakeholders – 2,000), evolving robust credit dispensation and enabling environment through Capacity Building of Institutions, such as, SMERA (for new models and mapping), CIBIL (integration of consumer and commercial bureau), ISTSL, SFCs (soft infrastructure and training.), CART (reduced Turn Around Time to 25 days from 35 days), ISARC, SVCL, SFRC, etc.
  
  
• Learnings and Best Practices- Project has adopted many international best practices which have demonstrated scalability and replicability attributes. These are : Recognition of Environment and Social (E&S) risk in Lending, Risk Sharing Facility (through CGTMSE- since institutionalized & scaling up being attempted) , Making Market Work for MSMEs through BDS market development in 18 Indian clusters, initiating innovative concepts, such as, PPP, Voucher support, Business Counsellor in North east, creation of National Level database of BDS providers, BDS clinic, BDS Bazaars, BDS on wheels, cluster level  websites hooked to mother website, advocacy challenge fund  Green Rating, strengthening CLPC of SIDBI for sectoral expertise, etc.
  
  
• Policy Advocacy: Under the Project, the Bank had initiated 14 studies, out of which 8 have been completed and 6 are being completed.   These policy studies / reports have been appreciated by various stakeholders of MSME sector, including Government of India.
  
  
• The utilization of credit facility under the Project has been highly satisfactory.  The World Bank has also put the MSMEFDP under its website as an exemplary project World over.