Role Of Small Industries Development Bank Of India

Hello brother what is the role of small industries development bank of india and provide me some other info on sidbi also?

[Shaleen]

SIDBI was established as a wholly owned subsidiary of Industrial Development Bank of India (IDBI) under a special Act of the Parliament 1988 and started its operations on April 2, 1990.

SIDBI is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises

Functions of SIDBI
SIDBI refinances loans extended by the primary lending institutions to small scale industrial units, and also provides resources support to them.

SIDBI discounts and rediscounts bills arising from sale of machinery to or manufactured by industrial units in the small scale sector.

To expand the channels for marketing the products of Small Scale Industries (SSI) sector in domestic and international markets.

It provides services like leasing, factoring etc. to industrial concerns in the small scale sector.

To promote employment oriented industries especially in semi-urban areas to create more employment opportunities and thereby checking migration of people to urban areas.

To initiate steps for technological up-gradation and modernisation of existing units.

SIDBI facilitates timely flow of credit for both term loans and working capital to SSI in collaboration with commercial banks.

SIDBI Co-Promotes state level venture funds in association with respective state government.

It grants direct assistance and refinance loans extended by primary lending institutions for financing exports of products manufactured by small scale units.

SIDBI Associates
Credit guarantee fund trust for micro and small enterprises
India sme technology services ltd.
Sme rating agency of india ltd. (smera)
India sme asset reconstruction company ltd
Sidbi venture capital limited (svcl)
Sidbi trustee company limited (stcl)