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SIDBI Full Form is Small Industries Development Bank of India

What is the full form of SIDBI

SIDBI: Small Industries Development Bank of India

 

SIDBI stands for Small Diligence Development Bank of India. It’s an independent fiscal institution in India which is established for the growth and development of micro, small and medium-scale enterprises (MSMEs). It was set up on 2 April 1990 under the Indian Companies Act, 1956 as a wholly possessed attachment of IDBI. As of October 2017, Mohammad Mustafa is the Chairman and Managing Director of SIDBI.

Its vision is to be a single platform to fulfill the fiscal and experimental requirements of MSME sector to make it encyclopedically competitive, and to help it come a reputed and client-friendly fiscal institution.

Its charge is to grease the credit inflow to MSMEs and deal with fiscal and experimental gaps in the MSMEs.

SIDBI has espoused a’Credit Plus’ approach to promote and develop the MSME sector. Under this approach, besides credit, it also supports enterprise development, cluster development, skill up-gradation, marketing support and technology modernization etc. Its business sphere includes Micro, Small and Medium Enterprises (MSMEs). These enterprises contribute significantly to the public frugality in terms of product, import and employment.

 

Key Products

Direct

SMILE Soft loan finances for micro, small and medium enterprises

Backing Schemes for Sustainable Development

Growth Capital and Equity Assistance

Service Sector Assistance

Receivable Finance Scheme

Finance for Upgradation Modernization

E-Brochures

 

SIDBI Full Form

 

Indirect

Micro and Small Enterprises Refinance Scheme (MSERS)

Backing to NBFCs

SIDBI Foundation for Micro Credit

Poorest States Inclusive Growth Programme (PSIG)

 

Government Schemes

Government Subvention Schemes

TIFAC-SRIJAN Scheme

 

Programmes & Initiatives

Loan Facilitation and Syndication Service

World Bank Systems

Promotional and Developmental Conditioning ( P&D) Conditioning

Knowledge Partner

 

 

 

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