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Small Industries Development
Bank Of India (SIDBI) was established in April
1990 as a wholly owned subsidiary of Industrial Development Bank of India (IDBI),
under an Act of Indian Parliament to serve as the principal financial institution
for promotion, financing and development of industry in the small scale sector and
co-ordinating the functions of other institutions engaged in similar activities.
As a result of an amendment to the SIDBI Act, SIDBI has since been made as an independent
financial institution to cater to the wider range of SSI requirements.
- SIDBI offers various
schemes of assistance, designed to meet every need of small scale industries, under
The unsecured bonds of SIDBI
have been rated ‘AAA’ by leading domestic rating agencies viz. The Credit Rating
Information Services of India Ltd. (CRISIL) and Credit Analysis and Research Ltd.
SIDBI is ranked 23rd in
terms of Assets and 24th in terms of Capital among the top 50 Development Banks
in the World (Source: The Banker, London, June 2000)
SIDBI is placing strong
emphasis on technology development and absorption both for modernisation purposes
and also for creating new enterprises and strengthening existing enterprises in
high tech areas such as information technology.
SIDBI and Venture Capital
SIDBI’s Venture Capital
Fund constituted in October 1992. It is utilised for direct investment in small
scale units and contribution to Venture Capital Funds for onward lending to/investment
in small scale units.
Promoted several State /
All India Level Venture Funds.
Further, SIDBI has also
taken the initiative in setting up of two Innovation and Incubation Centres in Indian
Institute of Technology, Kanpur and Birla Institute of Technology, Mesra.
Detailed information about
SIDBI can be obtained from the web site www.sidbi.in