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SIDBI stands for Small Industries Development Bankof India.Set up in 1990 through an act of parliament, it was

incorporated initially as a wholly owned subsidiary ofIndustrial Development Bank of India.

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SIDBI retained its position in the top 30 DevelopmentBanks of the World in the latest ranking of TheBanker, London.

As per the May 2001 issue of The Banker, London,SIDBI ranked 25th both in terms of Capital and Assets.

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Small Industries Development Bank of India is anindependent financial institution aimed to aid thegrowth and development of micro, small and medium-scale enterprises in India.

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To empower the Micro, Small and Medium Enterprises(MSME) sector with a view to contributing to theprocess of economic growth, employment generationand balanced regional development.

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Direct finance Bills finance Refinance International finance Promotional & Development activities Fixed deposit scheme Technology Up gradation & Modernization Fund Scheme{TDMF} Venture Capital Fund Scheme Seed Money Schemes National Equity Fund Scheme

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Expansion of small scale sector and increase its sharein industrial output.Development of rural areas where more than 70% of

the population resides.Increase the efficiency of SSIs.Increase the contribution of SSIs in export. Moreemployment generation in rural areas of rural India

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Small industries are back bone of any nation. This is so asit directly or indirectly generate wealth, improves theeconomic condition of people by generate employment,contributes to GDP and so on.Thus realizing the importance of this sector, governmenthas come forward with extending many a facilities andsupports for the development of SSI in the country. SIDOis one amongst them.

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SIDO is headed by Additional Secretary and theDevelopment Commissioner, small Scale Industry; who maintains a close liaison with government,financial institutions and other agencies which areinvolved in the promotion and development of smallscale units.SIDO is the nodal agency that advises the Ministry ofIndustry (and other Ministries) in formulating policiesand programmers for the development of SSIs.

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To formulate policies regarding the promotion anddevelopment of SSI at national level.The implement those plans, programmers and policies ofthe government in respect of industrial development of thecountry.To coordinate the activities of all departments, institutionsand agencies involved in promoting the SSI.

To render all way support and encourage the entrepreneursto set up and sort out the hurdles.

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Small Enterprise Information and ResourceCentre Network:SIDO launched a project (SENSET) in April 1997 for thedevelopment and promotion of SSIs. It aims at creating anelectronic network (Intranet) for its 21 electronics nodesall over the country, promoting data bases for smallenterprises, providing technical know-how, training inputand all other basic facilities for setting up and growth ofSSI in the country.

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ISO 9000/ISO 14001 Certification ReimbursementScheme:Incentive schemes of Reimbursement of expenses for

acquiring quality management system (QMS) ISO900 Certification Environment Management (EMS)ISO-14001 certification to the extent of 75% or Rs.75,000 whichever is lower.