SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (SIDBI)

The Small Industries Development Bank of India (SIDBI) is a financial institution established by the Indian government in 1990 to promote the growth and development of small-scale industries in the country. It operates under the Department of Financial Services, Ministry of Finance, Government of India.

SIDBI provides financial and non-financial support to small businesses in various sectors such as manufacturing, services, and agriculture. It offers a range of financial products and services including term loans, working capital loans, machinery loans, equipment financing, and venture capital. SIDBI also provides financial assistance to micro, small, and medium enterprises (MSMEs) through various schemes and programs.

Apart from financial assistance, SIDBI also provides non-financial support to MSMEs through various programs such as skill development, marketing support, technology upgradation, and entrepreneurship development. It also collaborates with various national and international organizations to promote innovation and entrepreneurship in the MSME sector.

Here are some key points about the Small Industries Development Bank of India (SIDBI):

1. SIDBI is a financial institution established by the Indian government in 1990 to promote the growth and development of small-scale industries in the country.
2. It operates under the Department of Financial Services, Ministry of Finance, Government of India.
3. SIDBI provides financial and non-financial support to small businesses in various sectors such as manufacturing, services, and agriculture.
4. It offers a range of financial products and services including term loans, working capital loans, machinery loans, equipment financing, and venture capital.
5. SIDBI also provides financial assistance to micro, small, and medium enterprises (MSMEs) through various schemes and programs.
6. Apart from financial assistance, SIDBI also provides non-financial support to MSMEs through various programs such as skill development, marketing support, technology upgradation, and entrepreneurship development.
7. SIDBI collaborates with various national and international organizations to promote innovation and entrepreneurship in the MSME sector.
8. Overall, SIDBI plays a crucial role in the development of the MSME sector in India by providing access to finance and other support services to small businesses.