Small Industries Development Bank of India (SIDBI) set up on 2nd April 1990 under an Act of Indian Parliament, acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector as well as for coordination of functions of institutions engaged in similar activities.
To emerge as a single window for meeting the financial and developmental needs of the MSME sector to make it strong, vibrant and globally competitive, to position SIDBI Brand as the preferred and customer – friendly institution and for enhancement of shareholder wealth and highest corporate values through a modern technology platform.
To facilitate and strengthen credit flow to MSMEs and address both financial and developmental gaps in the MSME eco-system.
Some of SIDBI’s key initiatives over more than the past 25 years of tirelessly promoting the growth of MSMEs include
- Providing cumulative assistance of around INR 5.40 lakh crore channelized into the MSME segment.
- Directly impacting over 360 lakh persons/enterprises through its branch network of around 80 offices spread across the country as well as through the network of banks / institutions (having more than 1.25 lakh branches) across the country.
- Extending loans, equity and quasi-equity aggregating to INR 13,689 crore benefitting 356 lakh disadvantaged people, mostly women, through its Micro Finance operations.
- Deepening its outreach by nurturing and evolving more than 100 MFIs who have emerged as strong and viable financial intermediaries serving the unserved.
- Supporting more than 1.16 lakh budding and existing entrepreneurs by infusing skills and reskilling initiatives.
- Facilitating Institutions Building by adopting a SIDBI Plus approach and creating its Subsidiary and Associated Institutions for providing impetus to the growth of MSME ecosystem.
- Developing a passionate pool of 1000+ professionals with 22% women and 40% belonging to SC/ST and OBCs category, for serving to the needs of the dynamic and consistently evolving MSME Sector.
