Small Industries Development Bank of India (SIDBI)
           SIDBI is an independent financial institution aimed to aid the growth & development of micro, small & medium scale enterprises in India. Set up in 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India (IDBI). Current shareholding is widely spread among various state owned banks, insurance companies & financial institutions. Beginning as a refinancing agency to banks & state level financial institutions for their credit to small industries, it has expanded its activities, including direct credit to the SME through 100 branches in all major industrial clusters in India. Besides, it has been playing the development role in several ways such as support to micro-finance institutions for capacity building & on lending. Recently it has opened 7 branches christened as Micro Finance branches, aimed especially at dispensing loans up to Rs 5.00 lakh.
             SIDBI has also floated several other entities for related activities. Credit Guarantee Fund Trust for Micro & Small Enterprises provides guarantees to banks to banks for collateral free loans extended to SME. SIDBI Venture Capital Ltd. is venture capital Company focused at SME. SME Rating Agency of India Ltd. (SMERA) provides composite ratings to SME.
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