FULL FORM OF SIDBI

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WHAT IS SIDBI

            SIDBI stand for Small Industries Development Bank of India. It was established on April 2 1990 under an act of Indian Parliament. The main aim of SIDBI is to act as a principle financial institution for the promotion, financing and development of the micro, small and medium enterprise sector. It also coordinates the functions of the institutions which are working in similar activities. 

          SIDBI provides financial assistance in the form of loans, grants, finance to micro finance institution for lending to micro enterprises and economically weaker sections of the society. SIDBI has initiated so many schemes for benefit of MSME and continued to be the principle lending institution for the MSME. It provides low cost credit to MSEs. In the present scenario SIDBI has playing important role in the Indian economy. 

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FULL FORM OF NSCCL

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