Small Industries Development Bank of India information
Regulatory Body
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Small Industries Development Bank of India (SIDBI)
Small Industries Development Bank of India (SIDBI) is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India. It is under the jurisdiction of Ministry of Finance , Government of India headquartered at Lucknow and having its offices all over the country.The SIDBI was established on April 2, 1990, by Government of India, as a wholly owned subsidiary of IDBI Bank . It was delinked from IDBI w.e.f. March 27, 2000. Its purpose is to provide refinance facilities to banks and financial institutions and engage in term lending and working capital finance to industries, and serves as the principal financial institution in the Micro, Small and Medium Enterprises (MSME) sector. SIDBI also coordinates the functions of institutions engaged in similar activities. It was established in 1990,[2] through an Act of Parliament.[3]
SIDBI is one of the five All India Financial Institutions regulated and supervised by the Reserve Bank of India; other four are Exim Bank Of India, NABARD,NABFID and NHB. But recently NHB came under government control by taking more than 51% stake. They play a statutory role in the financial markets through credit extension and refinancing operation activities and cater to the long-term financing needs of the industrial sector.[4]
SIDBI is active in the development of Micro Finance Institutions through SIDBI Foundation for Micro Credit, and assists in extending microfinance through the Micro Finance Institution (MFI) route.[5] Its promotion & development program focuses on rural enterprises promotion and entrepreneurship development.[6][7]
In order to increase and support money supply to the MSE sector, it operates a refinance program known as Institutional Finance program. Under this program, SIDBI extends Term Loan assistance to Banks, Small Finance Banks and Non-Banking Financial Companies. Besides the refinance operations, SIDBI also lends directly to MSMEs.[8][9]
^"Small Industries Development Bank of India(SIDBI) | Department of Financial Services | Ministry of Finance | Government of India". Financialservices.gov.in. Retrieved 14 October 2018.
^"Reserve Bank of India - Publications". Rbi.org.in. Retrieved 14 October 2018.
^"IDFC". www.idfc.org.
^"SIDBI's Financial Inclusion Program covers 'Poorest of the Poor' - ADFIAP".
^"Poorest States Inclusive Growth Programme - SIDBI UKAID DFID RFP". indiamicrofinance.com. 5 November 2022.
^"Establishment of Fund of Funds for funding support to Start-ups". pib.nic.in.
^"Shareholding :: Small Industries Development Bank of India". www.sidbi.in.
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