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Small Industries Development Bank of India Act 1989

Small Industries Development Bank of India is an independent fiscal introduction directed to aid the development and development of micro, small and average scale endeavors in India. Establish in 1990 by an act of fantan, it was comprised initially as a all owned auxiliary of Industrial Development Bank of India. Current property is widely spread among various state owned banks, insurance companies and financial introductions. commencing as a financing agency to banks and state level financial institutions for their credit to small industries, it has elaborated it’s actions, letting in direct credit to the SME through 100 branches in all major blue-collar clusters in India.

Based on April 2, 1990 by an Act of Parliament, i.e. SIDBI Act 1989, role of Small Industries Development Bank of India (SIDBI) is conceived of as “the principal financial institution for the advancement, funding and growth of industry in the Small Scale Sector and to align the occasions of the Institutions employed in similar actions. SIDBI is furnished at Lucknow with communicating of 5 Zonal Offices, 1 territorial office and 59 Branch offices covering all the states and important industrial emplacements in the country.

IDBI Tower,
WTC Complex,
Cuffe Parade,
Mumbai – 400005.
Tel: 91-22-22189111/ 66553355.
Fax: 91-22-22181294 /5179/8137

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