Small Industries Development Bank of India (SIDBI)

The Small Industries Development Bank of India (SIDBI) is a government-owned financial institution that primarily supports small and medium-sized enterprises (SMEs) in India. It provides funds, loans, and financial services to promote the growth and development of small industries, thereby fostering entrepreneurship, creating jobs, and strengthening the economy. SIDBI also offers financial products like microfinance, venture capital, and refinancing options, aiming to improve access to finance for entities that might face challenges obtaining funding from traditional banks. Overall, SIDBI acts as a catalyst for the development of India’s small business sector.