BANKING AFFAIRS

Detailed explanation-1: -SIDBI is the principal development financial institution for promotion, financing, and development of Micro, Small, and Medium Enterprises (MSME) sector in India. It was established on April 2, 1990, through an Act of Parliament. The headquarters of the SIDBI is located in Lucknow, Uttar Pradesh.

Detailed explanation-2: -ATMA RAM HOUSE, 1 Tolstoy Marg, New Delhi-110001.

Detailed explanation-3: -Small Industries Development Bank of India (SIDBI) is a development financial institution in India, headquartered at Lucknow and having its offices all over the country.

Detailed explanation-4: -Small Industries Development Bank of India (SIDBI) is an independent financial institution aimed at aiding the growth and development of Micro, Small and Medium Enterprises (MSMEs) which contribute significantly to the national economy in terms of production, employment and exports.

Detailed explanation-5: -SIDBI is the Principal Financial Institution engaged in promotion, financing & development of the Micro, Small and Medium Enterprises (MSMEs) sector and coordination of the functions of the various institutions engaged in similar activities.