#1
February 4th, 2016, 02:02 PM
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Define Small industries development bank of India
Hi sir, I am Nischal Singh. I am from Rohtak. I have a question to ask from you. I want you to define Small industries development bank of India. Can you give me some details about it?
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#2
February 4th, 2016, 02:36 PM
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Re: Define Small industries development bank of India
Small Industries Development Bank of India is a type of an independent financial institution. The Small Industries Development Bank of India Act, 1989 envisioned SIDBI to be "the principal financial institution for the promotion, financing and development of industry in the small scale sector and to co-ordinate the functions of the institutions engaged in the promotion and financing or developing industry in the small scale sector and for matters connected therewith or incidental thereto. It was established in the year 1990. It is among the top 30 development banks of India. The business domain of SIDBI consists of Micro, Small and Medium Enterprises (MSMEs), which contribute significantly to the national economy in terms of production, employment and exports It provides following products and services Service Sector Assistance Loan Facilitation & Syndication Service Financing Schemes for Sustainable Development - Energy Efficiency and Cleaner Production World Bank – GEF Project - Financing Energy Efficiency at MSMEs Growth Capital & Equity Assistance Receivable Finance Scheme Flexible Assistance For Capital Expenditure Finance for Upgradation / Modernisation Government Subsidy Schemes TIFAC- SIDBI Revolving Fund for Technology Innovation Poorest States Inclusive Growth Programme (PSIG) |
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