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Small Industries Development Bank of India
 | A major contributor to this article appears to have a close connection with its subject. (June 2018) |
 | |
| Agency overview | |
|---|---|
| Formed | 2 April 1990 |
| Type | Regulatory Body |
| Jurisdiction | Ministry of Finance, Government of India |
| Headquarters | Lucknow, Uttar Pradesh, India |
| Agency executive | |
| Website | www |
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 headquartered at Lucknow and having its offices all over the country.
SIDBI was established on April 2, 1990, by Government of India, as a wholly owned subsidiary of IDBI Bank . It was delinked from IDBI w.e.f. March 27, 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 in 1990,[2] through an Act of Parliament.[3] SIDBI is one of the five All India Financial Institutions regulated and supervised by the Reserve Bank of India. The other four are Exim Bank Of India, NABARD, NABFID and NHB. They play a statutory role in the financial markets through credit extension and refinancing operation activities and cater to the long-term financing needs of the industrial sector.[4]
SIDBI is active in the development of Micro Finance Institutions through SIDBI Foundation for Micro Credit, and assists in extending microfinance through the Micro Finance Institution (MFI) route.[5] Its promotion & development program focuses on rural enterprises promotion and entrepreneurship development.[6][7]
In order to increase and support money supply to the MSE sector, it operates a refinance program known as Institutional Finance program. Under this program, SIDBI extends Term Loan assistance to Banks, Small Finance Banks and Non-Banking Financial Companies. Besides the refinance operations, SIDBI also lends directly to MSMEs.[8][9]
- ^ [1]. Accessed December 2020.
- ^ The Small Industries Development Bank of India act. 1989 Archived 2021-10-28 at the Wayback Machine
- ^ "Small Industries Development Bank of India(SIDBI) | Department of Financial Services | Ministry of Finance | Government of India". Financialservices.gov.in. Archived from the original on 23 March 2018. Retrieved 14 October 2018.
- ^ "Reserve Bank of India - Publications". Rbi.org.in. Archived from the original on 12 June 2018. Retrieved 14 October 2018.
- ^ "IDFC". www.idfc.org.
- ^ "SIDBI's Financial Inclusion Program covers 'Poorest of the Poor' - ADFIAP". Archived from the original on 12 June 2018. Retrieved 10 June 2018.
- ^ "Poorest States Inclusive Growth Programme - SIDBI UKAID DFID RFP". indiamicrofinance.com. 5 November 2022.
- ^ "Establishment of Fund of Funds for funding support to Start-ups". pib.nic.in. Archived from the original on 12 June 2018. Retrieved 10 June 2018.
- ^ "Shareholding :: Small Industries Development Bank of India". www.sidbi.in. Archived from the original on 12 June 2018. Retrieved 23 March 2018.
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