SIDBI stands for Small Industries Development Bank of India. It is an independent financial institution in India which is established for the growth and development of micro, small and medium-scale enterprises (MSMEs). It was set up on 2 April 1990 under the Indian Companies Act, 1956 as a wholly owned subsidiary of IDBI. As of October 2017, Mohammad Mustafa is the Chairman and Managing Director of SIDBI.
Its vision is to be a single platform to fulfill the financial and developmental needs of MSME sector to make it globally competitive, and to help it become a reputed and customer-friendly financial institution.
Its mission is to facilitate the credit flow to MSMEs and deal with financial and developmental gaps in the MSMEs.
- SMILE: Soft loan funds for micro, small and medium enterprises
- Financing Schemes for Sustainable Development
- Growth Capital and Equity Assistance
- Service Sector Assistance
- Receivable Finance Scheme
- Finance for Upgradation Modernization
- Micro and Small Enterprises Refinance Scheme (MSERS)
- Assistance to NBFCs
- SIDBI Foundation for Micro Credit
- Poorest States Inclusive Growth Programme (PSIG)
- Government Subsidy Schemes
- TIFAC-SRIJAN Scheme
Programmes & Initiatives
- Loan Facilitation and Syndication Service
- World Bank Projects
- Promotional and Developmental Activities (P&D) Activities
- Knowledge Partner