SIDBI was established as a wholly-owned subsidiary of the Industrial Development Bank of India (IDBI) under an Act of Parliament in 1989, and it commenced operations in April 1990. Its main objective is to promote, finance, and develop the micro, small, and medium enterprises (MSME) sector in India.
When was the Small Industries Development Bank of India (SIDBI) established ?
Asked in MPPSC CS Prelims 2023 · Topic: Money & Banking (Cooperative Banks and Development Financial Institutions (DFIs))
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