{"id":23575,"date":"2026-08-27T13:39:41","date_gmt":"2026-08-27T08:09:41","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=23575"},"modified":"2026-08-27T13:48:45","modified_gmt":"2026-08-27T08:18:45","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;\">The Small Industries Development Bank of India (SIDBI) organized a conclave of the Heads of Regional Rural Banks on expanding the SIDBI-RRB MSME Co-Lending arrangement in New Delhi.\u00a0<\/span><\/p>\n<h2><b>About Small Industries Development Bank of India<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It was <\/span><b>established on 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 style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It was delinked from IDBI on March 27, 2000.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Mandate:<\/b><span style=\"font-weight: 400;\"> It is mandated to serve as the <\/span><b>Principal Financial Institution<\/b><span style=\"font-weight: 400;\"> for executing the triple agenda of <\/span><b>promotion, financing and development of the <a href=\"https:\/\/vajiramandravi.com\/current-affairs\/msme\/\" target=\"_blank\">MSME<\/a> sector<\/b><span style=\"font-weight: 400;\"> and coordination of the functions of the various Institutions engaged in similar activities.<\/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<h2><b>Functions of Small Industries Development Bank of India<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It offers direct loans and <\/span><b>refinancing to banks and NBFCs.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It promotes entrepreneurship and MSME growth.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Provides venture capital and technology support<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial support to MSMEs is provided by way of<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Indirect\/refinance to banks\/Financial Institutions for onward lending to MSMEs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Direct finance in 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<\/ul>\n<p><b>Source:<\/b> <strong><a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2303447&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 established 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":[9826],"class_list":["post-23575","post","type-post","status-publish","format-standard","has-post-thumbnail","category-upsc-prelims-current-affairs","tag-small-industries-development-bank-of-indiasmall-industries-development-bank-of-india","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":3,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/23575\/revisions"}],"predecessor-version":[{"id":121338,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/23575\/revisions\/121338"}],"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}]}}