Small Industries Development Bank of India

Common card · No. 455989

Small Industries Development Bank of India (SIDBI) is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India. It is under the jurisdiction of Ministry of Finance, Government of India, It is headquartered at Lucknow and has offices across the country. SIDBI was established on 2 April 1990 by the Government of India, as a wholly owned subsidiary of IDBI Bank. It was delinked from IDBI on 27 March 2000. Its purpose is to provide refinance facilities to banks and financial institutions and engage in term lending and working capital finance to industries, and serves as the principal financial institution in the Micro, Small and Medium Enterprises (MSME) sector. SIDBI also coordinates the functions of institutions engaged in similar activities. It was established through an Act of Parliament. SIDBI is one of the five All India Financial Institutions regulated and supervised by the Reserve Bank of India. The other four are...

Read on Wikipedia · Image SIDBI, CC BY-SA 4.0