Full Form of SIDBI

SIDBI Full form

The full form of SIDBI is 'Small Industries Development Bank of India'

Full form of SIDBI

A full Form of SIDBI 'Small Industries Development Bank of India'. If you are looking to work in the banking sector, there is a good chance your employer will test your knowledge of the full abstract concepts used in the banking sector. This often refers to the terms commonly used in the industry, including banking institutions, strategies, tools, instruments, and rates. Sometimes bank exams can ask questions about these abbreviations. Therefore, you need to read these summaries and their full forms as a bank teller.

For example, if your employer asks you for an answer to the question, 'What is the full form of SIDBI?', You should not only be able to say the full form right away but also remember some important information about SIBI.

sidbi full form

What is SIDB?

It is India's top regulatory body for licensing and regulating MSMEs (Small, Medium, and Medium Enterprises). SIDBI is a wholly-owned subsidiary of the Industrial Development Bank of India (IDBI) and was established by the Government of India by a particular Act of Parliament in 1988. SIDBI became fully operational in 1990.

In addition to reading the full form of SIDBI, it is helpful to know some essential details about SIDBI. Here are some useful facts about SIDBI:

Some facts about SIDBI

SIDBI was founded more than 30 years ago, on 2 April 1990.
SIDBI is a wholly-owned subsidiary of the Industrial Development Bank of India.
SIDBI is under the direct supervision of the Ministry of Finance and is regulated by the Reserve Bank of India.
SIDBI provided not only financial assistance to Micro, Small, and Medium Enterprises (MSMEs) in India through the MFI route but also took several non-financial measures in the past.
Some of these non-financial interventions include merging with TransUnion CIBIL to introduce the MSME pulse and Microfinance pulse. It releases regular reports monitoring the status and activities of the MSME sector in India.
SIDBI is one of the three financial institutions of India, all directly controlled and overseen by the Reserve Bank of India. The other two financial institutions are India Exim Bank and NABARD. The NHB (National Housing Board) was India's fourth financial institution directly controlled and regulated by the Reserve Bank of India but later adopted by the Government of India.
SIDBI plays a key role in the growth of small financial institutions with the help of a particular foundation called the ‘SIDBI Foundation for Micro Credit.
SIDBI is best known for its refund activities and the Institutional Financial System. SIDBI provides long-term loan assistance to microfinance banks and NBFCs (Non-Banking Companies).
SIDBI also provides direct lending to segregated businesses such as MSMEs in India.
SIDBI has six other floating organizations to assist in emergency operations. These include:

SIDBI Venture Capital Ltd (SVCL) - provides VC assistance to MSMEs.
Micro Unit Development and Refinance Agency (MUDRA) provide funding to the country's 'unfunded' micro-enterprises.
Receivable Exchange of India Ltd (RXIL) - is an agency that allows for the rapid realization of MSME receipts.
SMERA Ratings Limited - renamed Acute Ratings and Research Limited, an MSME debt rating agency.
India SME Technology Service Limited (ISTSL) - is an agency that provides technical advice and consulting services.
India SME Asset Reconstruction Company (ISARC) - is an agency that helps resolve NPAs in the MSME sector quickly.

Full Form of SIDBI

SIDBI Full form