SIDBI

Commerce

1. SMALL INDUSTRIAL DEVELOPMENT
BANK OF INDIA(SIDBI)
Dr. G. ASHOK KUMAR
Assistant Professor of Economics
VIVEKANANDA COLLEGE,
TiruvedagamWest
Madurai –625 234

2. Origin of SIDBI
SmallindustrialDevelopmentBankof
India(SIDBI)isadevelopment
financialinstitutioninIndia,
headquarteredatLucknowandhaving
itsofficesalloverthecountry.Itwas
establishedonApril2,1990,throughan
ActofParliament.Itisheadquarteredin
Lucknow.SIDBIoperatesunderthe
DepartmentofFinancialServices,
GovernmentofIndia.

3. Objectives of SIDBI
•Toproviderefinancefacilitiesandshorttermlendingtoindustries,
•ToservesastheprincipalfinancialinstitutionintheMicro,SmallandMediumEnterprises
(MSME)sector.
•Tocoordinatesthefunctionsofinstitutionsengagedinsimilaractivities.
•Itspromotion&developmentprogramfocusesonruralenterprisespromotionand
entrepreneurshipdevelopment.
•Theyplayasalutaryroleinthefinancialmarketsthroughcreditextensionandrefinancing
operationactivitiesandcatertothelong-termfinancingneedsoftheindustrialsector.
•SIDBIsupportstheGovernmentofIndiainitsinitiativesandworkasanodalagencyfor
someoftheschemesrelatedtodevelopmentofMSMEs,suchasMakeinIndiaandStartup
India.

5. THANK YOU