History of Small Industries Development Bank of India (SIDBI)

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What is the main role of Small Industries Development Bank of India (SIDBI) according to the text?

To promote, finance, and develop the Micro, Small and Medium Enterprise (MSME) sector

Which Act established Small Industries Development Bank of India (SIDBI)?

SIDBI Act, 1989

Who are the three largest shareholders of SIDBI according to the text?

State Bank of India, IDBI Bank Ltd., Government of India

Where is the headquarters of Small Industries Development Bank of India (SIDBI) located?

Lucknow

What is the criteria for classifying Micro, Small and Medium Enterprises (MSME) under the MSMED Act, 2006?

Investment in Plant & Machinery

What is the primary business strategy of SIDBI towards MSMEs?

Addressing financial and non-financial gaps in the MSME ecosystem

In what areas does SIDBI provide direct finance to MSMEs?

Risk capital, sustainable finance

Which of the following is NOT one of the objectives set out in the SIDBI Charter?

Regulation of MSMEs

Learn about the establishment and purpose of the Small Industries Development Bank of India (SIDBI) under the SIDBI Act, 1989. Explore how SIDBI functions as the Principal Financial Institution for promoting, financing, and developing the Micro, Small, and Medium Enterprise (MSME) sector.

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