SIDBI Full Form | Full Form of SIDBI




SIDBI Full Form - Small Industries Development Bank of India

 Small Industries Development Bank of India

Small Industries Development Bank of India

  • Full Form of SIDBI stands for Small Industries Development Bank of India.
  • It’s an independent financial organisation in India which is established for the expansion and development of micro, small and medium-scale enterprises (MSMEs).
  • It has created on 2 April 1990 under the Indian Companies Act, 1956 as a completely owned subsidiary of IDBI.
  • As of October 2017, Mohammad Mustafa is the Chairman and managing director of SIDBI.
  • Its vision is to be one platform to satisfy the financial and developmental needs of MSME sector to create it globally competitive, and to help it become a reputed and customer-friendly financial organisation.
  • Its mission is to facilitate the credit flow to MSMEs and deal with financial and developmental gaps in the MSMEs.
  • SIDBI has adopted a 'Credit Plus' approach to market 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 domain includes Micro, Small and Medium Enterprises (MSMEs). These enterprises contribute significantly to the national economy in terms of production, export and employment.

Key Products

Direct

  • SMILE : Soft loan funds for micro, small and medium enterprises.
  • Financing Schemes for Sustainable Development
  • Growth Capital and Equity Assistance
  • Service Sector Assistance
  • Receivable Finance Scheme
  • Finance for Upgradation Modernization
  • E-Brochures

Indirect

  • Micro and small Enterprises Refinance Scheme (MSERS)
  • Assistance to NBFCs
  • SIDBI Foundation for Micro Credit
  • Poorest States Inclusive Growth Programme (PSIG)

Government Schemes

  • Government Subsidy Schemes
  • TIFAC-SRIJAN Scheme

Programmes & Initiatives

  • Loan Facilitation and Syndication Service
  • World Bank Projects
  • Promotional and Developmental Activities (P&D) Activities
  • Knowledge Partner


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