SIDBI Full Form | What Does SIDBI Stand For?

SIDBI: Small Industries Development Bank of India

SIDBI Full Form

SIDBI full form stands for Small Industries Development Bank of India. Small Industries Development Bank of India (SIDBI) is the apex regulatory agency for microfinance institutions in India and is under the jurisdiction of the Ministry of Finance.

The Government of India is headquartered in Lucknow and has offices across the country.

Brief Explanation

It was established on 2 April 1990 by an Act of Parliament. It is headquartered in Lucknow. SIDBI functions under the Ministry of Finance, Government of India. It aims to re-finance industries and provide short-term loans and serves as the primary financial institution in the field of micro, small and medium enterprises. SIDBI also coordinates the activities of institutions engaged in similar activities.

Role

SIDBI is actively involved in the development of microfinance institutions through microcredit for the SDB Foundation and supports the expansion of microfinance through the Microfinance Institution (MFI).

Its promotion and development program focuses on the promotion and business development of rural enterprises.

Functions

  • To provide venture capital (VC) support to MSMEs.
  • To provide financial assistance to fixed micro enterprises in the country.
  • To enable faster payment of receipts through MSMEs.

What Is The Full Form Of SIDBI?

SIDBI full form stands for Small Industries Development Bank of India. It is the apex regulatory agency for microfinance institutions in India and is under the jurisdiction of the Ministry of Finance. It aims to re-finance industries and provide short-term loans.

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