Volume : VII, Issue : VII, July - 2017

SIDBI and its latest business domain

Dr. Divya Prajapati

Abstract :

 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 (MSME) in India. Set up on April 2, 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India. SIDBI with its Head Office at Lucknow caters to 600 clusters through a network of 80 Branches and 15 Regional Offices with a total of around 1050 employees. The business domain of SIDBI consists of Micro, Small and Medium Enterprises (MSMEs), which contribute significantly to the national economy in terms of production, employment and exports. SIDBI has taken the initiative to promote several institutions viz., Credit Guranatee Fund Trust for Micro and Small Enterprises, SIDBI Venture Capital Limited, SME Rating Agency of India Ltd, India SME Technology Services Ltd., and India SME Asset Reconstruction Company Lt Micro Units Development Refinance Agency (MUDRA Bank) has been set up as a wholly owned subsidiary of SIDBI to undertake refinancing to micro business under Prime Minister MUDRA Yojana (Scheme) of India. SIDBI has taken the initiative to promote several institutions viz., Credit Guranatee Fund Trust for Micro and Small Enterprises, SIDBI Venture Capital Limited, SME Rating Agency of India Ltd, India SME Technology Services Ltd., and India SME Asset Reconstruction Company Ltd.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Dr. Divya Prajapati, SIDBI and its latest business domain, INDIAN JOURNAL OF APPLIED RESEARCH : Volume‾7 | Issue‾7 | July‾2017

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