SIDBI Full Form In English
SIDBI* stands for Small Industries Development Bank of India. It is a financial institution established by the Government of India in 1990 to provide support and development assistance to micro, small, and medium enterprises (MSMEs) across the country. SIDBI plays a vital role in promoting entrepreneurship, facilitating credit, and offering financial and non-financial services to strengthen the MSME sector. Its initiatives include loans, refinancing, development programs, and advisory services, aimed at boosting economic growth and employment.
SIDBI Full Form In Hindi
SIDBI का पूरा नाम स्मॉल इंडस्ट्रीज डेवलपमेंट बैंक ऑफ इंडिया है। यह भारत सरकार द्वारा 1990 में स्थापित एक वित्तीय संस्थान है, जो देशभर में सूक्ष्म, लघु और मध्यम उद्यमों (MSMEs) को समर्थन और विकास सहायता प्रदान करता है। SIDBI का मुख्य उद्देश्य उद्यमिता को बढ़ावा देना, ऋण सुविधाएँ प्रदान करना और वित्तीय तथा गैर-वित्तीय सेवाएँ देकर MSME क्षेत्र को सशक्त बनाना है। इसके तहत लोन, पुनर्वित्त, विकास कार्यक्रम और परामर्श सेवाएँ शामिल हैं, जो आर्थिक विकास और रोजगार सृजन में सहायक हैं।
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Frequently Asked Questions
What is the full form of SIDBI?
The full form of SIDBI is Small Industries Development Bank of India.
What does SIDBI do?
SIDBI primarily provides financial assistance, loans, and support to micro, small, and medium enterprises (MSMEs) in India to promote their growth and development.
When was SIDBI established?
SIDBI was established on April 2, 1990 under an Act of the Indian Parliament.
Is SIDBI a government-owned bank?
Yes, SIDBI is a government-owned financial institution functioning under the Ministry of Finance, Government of India.
Where is SIDBI headquartered?
SIDBI’s headquarters is in Lucknow, Uttar Pradesh, India.
Who can benefit from SIDBI schemes?
Micro, small, and medium enterprises, entrepreneurs, and start-ups in India can benefit from SIDBI’s various schemes.
Does SIDBI support start-ups?
Yes, SIDBI provides financial and advisory support to start-ups and innovative MSMEs through various schemes and funds.
Conclusion
SIDBI, or Small Industries Development Bank of India, plays a vital role in supporting and promoting micro, small, and medium enterprises across the country. Through its financial assistance, refinancing, and development schemes, it helps entrepreneurs and start-ups grow, innovate, and contribute to India’s industrial and economic development. Understanding SIDBI and its functions is important for anyone involved in small-scale industries or entrepreneurial ventures.