Products & Services

When was SIDBI established?

Ans.SIDBI was established on April 2, 1990 under an act of Parliament.

What is the business domain of SIDBI?

Ans.The business domain of SIDBI consists of small scale industrial units (Units in which the investment in plant and machinery does not exceed Rs.10 million). In addition, SIDBI's assistance flows to the transport, health care, hotel and tourism sectors, infrastructure, etc, and also to the professional and self-employed persons setting up small-sized professional ventures.

What are the objectives of SIDBI?

Ans.The preamble to the Small Industries Development Bank of India Act,1989 defines the objective of SIDBI as:
"the principal financial institution for the promotion, financing and development of industry in the small scale sector and to co-ordinate the functions of the institutions engaged in the promotion and financing or developing the industry in the small scale sector and for the matters connected therewith or incedental thereto."
In the SIDBI charter,four basic objectives are set out. They are:

• Financing
• Promotion
• Development
• Coordination
  
  

for orderly growth of industry in the small scale sector.