{"id":23575,"date":"2026-01-22T11:39:41","date_gmt":"2026-01-22T06:09:41","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=23575"},"modified":"2026-01-22T16:15:03","modified_gmt":"2026-01-22T10:45:03","slug":"small-industries-development-bank-of-india-sidbi","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/small-industries-development-bank-of-india-sidbi\/","title":{"rendered":"Small Industries Development Bank of India"},"content":{"rendered":"<h2><b>Small Industries Development Bank of India Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Recently, the Union Cabinet has approved the equity support of Rs.5,000 crore to Small Industries Development Bank of India (SIDBI).<\/span><\/p>\n<h2><b>About Small Industries Development Bank of India<\/b><\/h2>\n<ul>\n<li><span style=\"font-weight: 400;\">It was set up on<\/span><b> 2nd April, 1990<\/b><span style=\"font-weight: 400;\"> by the Government of India under an act of the Parliament, as a wholly owned subsidiary of IDBI Bank.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">It was <\/span><b>delinked from IDBI<\/b><span style=\"font-weight: 400;\"> on March 27, 2000.\u00a0<\/span><\/li>\n<li><b>Mandate:<\/b><span style=\"font-weight: 400;\"> It is mandated to serve as the Principal <\/span><b>Financial Institution<\/b><span style=\"font-weight: 400;\"> for executing the triple agenda of <\/span><b>promotion, financing and development<\/b><span style=\"font-weight: 400;\"> of the MSME sector and coordination of the functions of the various Institutions engaged in similar activities.<\/span><\/li>\n<li><b>Functions of Small Industries Development Bank of India<\/b>\n<ul>\n<li><b>Offers direct loans<\/b><span style=\"font-weight: 400;\"> and refinancing to banks and NBFCs.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Promotes entrepreneurship and MSME growth<\/span><\/li>\n<li><b>Provides venture capital<\/b><span style=\"font-weight: 400;\"> and technology support<\/span><\/li>\n<\/ul>\n<\/li>\n<li aria-level=\"1\"><b>Financial support to MSMEs is provided by way of<\/b><\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Indirect\/<\/b><span style=\"font-weight: 400;\">refinance to banks\/Financial Institutions for onward lending to MSMEs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Direct finance in<\/b><span style=\"font-weight: 400;\"> niche areas like risk capital, sustainable finance, receivable financing, service sector financing, etc..<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">SIDBI was made responsible for administering the <\/span><b>Small Industries Development Fund<\/b><span style=\"font-weight: 400;\"> and the <\/span><b>National Equity Fund<\/b><span style=\"font-weight: 400;\"> that were administered by IDBI before.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Major Stakeholders in SIDBI:<\/b><span style=\"font-weight: 400;\"> Government of India (GOI), State Bank of India (SBI), LIC, and <strong><a href=\"https:\/\/vajiramandravi.com\/current-affairs\/national-bank-for-agriculture-and-rural-development-nabard\/\" target=\"_blank\">NABARD<\/a><\/strong> are among the major stakeholders in the SIDBI.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Headquarters:<\/b><span style=\"font-weight: 400;\"> Lucknow, Uttar Pradesh<\/span><\/li>\n<\/ul>\n<p><b>Source: <\/b><strong><a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2216724&amp;reg=3&amp;lang=1\" target=\"_blank\" rel=\"nofollow noopener\">PIB<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Small Industries Development Bank of India was set up on 2nd April, 1990 by the Government of India under an act of the Parliament, as a wholly owned subsidiary of IDBI Bank.<\/p>\n","protected":false},"author":5,"featured_media":83751,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[21,4879,22,23],"class_list":{"0":"post-23575","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-prelims-pointers","9":"tag-small-industries-development-bank-of-india","10":"tag-upsc-current-affairs","11":"tag-upsc-prelims-current-affairs","12":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/23575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=23575"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/23575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/83751"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=23575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=23575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=23575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}