Small Industries Development Bank of India (SIDBI) – Important Points

  • Small Industries Development Bank of India (SIDBI) was established on April 2, 1990.
  • The Small Industries Development Bank of India Act passed in 1989.
  • SIDBI was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.
  • Now SIDBI is owned by several state-owned banks, insurance companies and financial institutions.
  • SIDBI is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises in India.
  • It is an apex body and nodal agency for formulating, coordination and monitoring the policies and programme for promotion and development of small scale industries.
  • SIDBI is in the list of top 30 Development Banks of the World in the latest ranking of The Banker, London.

3 thoughts on “Small Industries Development Bank of India (SIDBI) – Important Points

  1. Mr. Sushil Muhnot is the chairman of SIDBI since April 4, 2012.

  2. please describe about education loan and home loan also
    thanks a lot

  3. S r bansal

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