SIDBI

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The Small Industries Development Bank of India ([1]) is a state-run bank aimed to aid the growth and development of micro, small and medium scale industries in India. Set up in 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India. Current shareholding is widely spread among various state owned banks, insurance companies, etc. Beginning as a refinancing agency to banks and state level financing bodies for their credit to small industries, it has diversified in to many activities, including direct credit to the SME through more than 60 branches located in all major clusters of SME in India. Besides, it has been playing the development role in several ways such as support to micro-finance institutions for capacity building and onlending.

SIDBI has also floated several other entities for related activities. Credit Guarantee Fund Trust of India ([2]) provides guarantees to banks for collatoral free loans extended to SME. SIDBI Venture Capital Ltd.([3]) is Venture Capital company focussed at SME. SME Rating Agency of India Ltd. (SMERA - [4]) provides composite ratings to SME.

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