Brief Profile of the Bank

SIDBI was established on April 2, 1990 by an Act of Indian Parliament. The Charter establishing it, the Small Industries Development Bank of India Act, 1989, envisaged SIDBI to be "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 industry in the small scale sector and for matters connected therewith or incidental thereto. In January 2004, Government of India had created Small and Medium Enterprises Fund (SME Fund) with an initial corpus of Indian Rupees 100000 million for making available credit to SMEs. Since then, SIDBI is acting as a nodal agency for giving impetus to the growth of SME sector in India. Cumulative financial assistance to the tune of Indian Ruppes 119750 million has been extended to the target sector at the end of March 31, 2006.

Products and Services Offered

Direct Finance
Bills Receivable
Refinance through Primary Lending Institutions
International Finance
Promotional Activities
Fixed Deposits

Subsidiaries and Affiliates

Subsidiaries:
SIDBI Venture Capital Ltd.
SIDBI Trustee Company Ltd.

Affiliates:
Credit Guarantee Fund Trust for Small Industries
India SME Technology Services Ltd.
SME Rating Agency of India Ltd.