About Small Industries Development Bank Of India

When Small Industries Development Bank of India (SIDBI) was established? Tell me the functions and the activities of this Institute? Also provide me the phone number of Small Industries Development Bank of India?

Sir I am a owner of a medium-scale enterprises in India and I want to know about the Small Industries Development Bank Of India

[Kiran Chandar]

Small Industries Development Bank of India is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises in India

SIDBI has been permitted to raise finances up to ₹2,730 crore the year 2013 onward by the Reserve Bank of India

SIDBI is in the top 30 Development Banks of the World in the latest ranking of The Banker, London.

As per the May 2001 issue of The Banker, London, SIDBI ranked 25th both in terms of Capital and Assets.

Credit Guarantee Fund Trust for Micro and Small Enterprises popularly known as
CGTMSE is used by many PSU Banks and Private sector banks to fund MSME sector.

In the year 2002-03 the aggregate sanction and disbursements of SIDBI amounted to ₹10,904 crore and 6,789 crore respectively.
.

Products of SIDBI

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)