Latest GK GS

Updated By: LatestGKGS Desk

SIDBI Celebrated Its Foundation Day on 2nd April 2018



SIDBI Celebrated Its Foundation Day on 2nd April 2018- Details, Highlights, About

The Small Industries Development Bank of India (SIDBI) celebrated its foundation day on 2nd April 2018.

The SIDBI marked the day as a day of Sampark (connect), Sanwad (interaction), Suraksha (security) and Sampreshan (disseminate).

The SIDBI celebrated its establishment day by visiting customers of its biggest stakeholder Micro and Small Enterprises (MSE) all over India.

The SIDBI Chairman & MD, Mohammad Mustafa on its foundation day occasion launched many initiatives from it’s headquarter located in Lucknow, UP.

CMD Mohammad Mustafa launched many initiatives such as MSME contact program, Samridhhi, a virtual assistant version 2.0, Redesigning SIDBI website ( & Bankability Kit.

Small Industries Development Bank of India (SIDBI)

The SIDBI was established on 2nd April 1990. It is a statutory body headquartered in Lucknow, Uttar Pradesh

The SIDBI is the principal development financial institution for promotion, financing and development of MSME sector in India.

The SIDBI aims to smoothly execute and strengthen credit flow to MSMEs and address both financial and developmental gaps in MSME eco-system across India.

At present, SIDBI shares are held by Central Government and 29 other institutions including Public Sector Banks (PSBs), Insurance Companies owned which are controlled by Central Government.


Latest Sidbi Updates

» India's First MSE Sentiment Index CriSidEx Details, Features, Benefits