Set up on April 2, 1990 under an Act of Indian Parliament as a principal financial institution for:-- Promotion -- Financing and-- Development of industries in the MSME sector and -- Co-ordinating the functions of other institutions engaged in similar activities.Provision and Charter:SIDBI was established on April 2, 1990. 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, financing or developing industry in the small-scale sector and for matters connected therewith or incidental thereto".Business Domain of SIDBI:The business domain of SIDBI consists of small-scale industrial units, which contributes significantly to the national economy in terms of production, employment and exports. Business Strategy of SIDBI:The business strategy of SIDBI is to address the financial and non-financial gaps in the MSME ecosystem. Financial support to MSMEs is provided by way of (a) indirect finance / refinance to banks / financial institutions for onward lending to MSMEs and (b) direct finance in the niche areas like risk capital, sustainable finance, receivable financing, service sector financing, etc.

Pragmatix Services

SIDBI(Small Industries Development Bank of India)

Veritas Finance is a competitor of Small Industries Development Bank of India in the MSME financing sector.

Veritas Finance

NABARD is a primary competitor of Small Industries Development Bank of India, particularly in the MSME financing and development sector.

NABARD

IDBI Bank is a primary competitor of Small Industries Development Bank of India, particularly in the MSME financing and development sector.

IDBI Bank

NHB (National Housing Bank) competes with Small Industries Development Bank of India in the MSME financing and development sector.

Emailage is a top competitor of Small Industries Development Bank of India in the MSME financing sector.

Emailage

Payveris competes with Small Industries Development Bank of India in the financial technology sector, offering solutions relevant to MSME financing.

Payveris

SRS Acquiom is a competitor of Small Industries Development Bank of India, particularly in the financial services sector.

SRS Acquiom

Small Industries Development Bank of India (SIDBI) is the principal financial institution in the micro, small and medium enterprises (MSME) sector, engaged in the promotion, financing and development of the sector in India.

Small Industries Development Bank of India (SIDBI)

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IN:SIDBI

Small Industries Development Bank of India (SIDBI)