Small Industries Development Bank of India (SIDBI)

SIDBI was set up by an Act of Parliament, as an apex institution for promotion, financing and development of industries in small scale sector and for coordinating the functions of other institutions engaged in similar activities. It commenced operations on April 2, 1990 by Government of India, as a wholly owned subsidiary of IDBI.

It was delinked from IDBI w.e.f. March 27, 2000.  It is the principal financial institution for promotion, financing and development of industry in the small scale sector.

 SIDBI is headed by the Chairman & Managing Director. The SIDBI is operating different programmes and schemes through 5 Regional Offices and 33 Branch Offices.

SIDBI extends direct/indirect financial assistance to SSIs, assisting the entire spectrum of small and tiny sector industries on All India basis.

The range of assistance comprising financing, extension support and promotional, are made available through appropriate schemes of direct and indirect assistance for the following purposes:-

• Setting up of new projects
• Expansion, diversification, modernisation, technology upgradation, quality improvement, rehabilitation of existing units
• Strengthening of marketing capabilities of SSI units.
• Development of infrastructure for SSIs and Export Promotion

List of Schemes

Source: http://exim.indiamart.com/ssi-finance/sidbi.html