12-28-2009, 10:48 PM
SIDBI was established under SIDBI Act 1988 and commenced its operations wef April 02, 1990 with head quarters in Lucknow and branches all over the country, as a subsidiary of IDBI. It took over the IDBI business relating to small scale industries including National Equity Scheme and Small Inds Development fund. The objective of establishment of SIDBI, in particular, is to strengthen and broad-base the existing institutional arrangement to meet the requirement of SSI and tiny industries.
Its functions include:
- Administration of SIDF and NEF for development and equity support to small and tiny industry.
- Providing working capital through single window scheme
- Providing refinance support to banks/development finance institutions.
- Undertaking direct financing of SSI units.
- Coordination of functions of various institutions engaged in finance to SSI and tiny units.
Its functions include:
- Administration of SIDF and NEF for development and equity support to small and tiny industry.
- Providing working capital through single window scheme
- Providing refinance support to banks/development finance institutions.
- Undertaking direct financing of SSI units.
- Coordination of functions of various institutions engaged in finance to SSI and tiny units.