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January 15th, 2016, 03:46 PM
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Join Date: Mar 2012
Re: About Small Industries Development Bank Of India

SIDBI (Small Industries Development Bank of India) was established on 2nd April, 1990 under an Act of Indian Parliament.


It’s headquarter is located in Lucknow, Uttar Pradesh, India.

It is the Main Financial Institution for the Promotion, Financing and
Development of the Micro, Small and Medium Enterprise (MSME) sector and
for Co-ordination of the functions of the institutions involved in similar
activities.

The business area of SIDBI consists of Micro, Small and Medium Enterprises
(MSMEs), which add significantly to the national economy in terms of
production, employment and exports.

MSME sector is an important pillar of Indian economy as it adds greatly to the
growth of Indian economy with a massive network of around 3 crores units,
creating employment of about seven crore, manufacturing more than 6,000
products, contributing about 45% to manufacturing output and about 40% of
exports, directly and indirectly.

In addition, SIDBI's help also flows to the service sector including transport,
health care, tourism sectors and others.

SIDBI recollected its position in the top 30 Development Banks of the World
in the ranking of The Banker, London. According to the May 2001 issue of The
Banker, London, SIDBI ranked 25th both in terms of Capital and Assets



Subsidiaries of SIDBI:

SIDBI Venture Capital Limited (SVCL)

SIDBI Trustee Company Limited (STCL)

Associates of SIDBI:

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

India SME Technology Services Ltd

SME Rating Agency of India Ltd. (SMERA)

India SME Asset Reconstruction Company Ltd (ISARC)

DELHI FINANCIAL CORPORATION [DFC]


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