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SIDBI is the acronym for Small Industries Development Bank of India. Established in 1990, SIDBI is a principal financial institution aimed at supporting the growth and development of small-scale industries in India. With its primary focus on providing financial assistance, SIDBI offers various loan schemes, credit counseling, and venture capital support to foster entrepreneurship in the country. Its contribution to the industrial sector has played a crucial role in stimulating economic growth, creating employment opportunities, and promoting innovation.
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Sidbi Full Form in English
SIDBI stands for Small Industries Development Bank of India. It is a financial institution that was established in 1990 to provide financial assistance and support to small scale industries in India. It aims to promote and develop the MSME (Micro, Small, and Medium Enterprises) sector by providing various financial services such as loans, venture capital, and refinancing facilities. SIDBI plays a crucial role in the growth and development of small businesses by addressing their financial needs and enabling them to thrive in the competitive market. Its initiatives also include capacity building programs, skill development, and technology upgradation to enhance the competitiveness of small businesses. SIDBI has played a significant role in fostering entrepreneurship and contributing to the overall economic development of India.
Sidbi Full Form in Hindi
सिडबी का पूरा नाम ‘Small Industries Development Bank of India’ है। सिडबी एक भारतीय वित्तीय संस्थान है जो माइक्रो, लघु और मध्यम बिजनेस क्षेत्र के विकास के लिए समर्पित है। यह संगठन 1990 में प्रारंभिक रूप से स्थापित किया गया था और इसके मुख्यालय मुंबई, महाराष्ट्र में स्थित है। सिडबी लघु उद्यमों को वित्तीय सहायता, कैपिटल, काउंसलिंग, प्रशिक्षण और विकास योजनाओं के माध्यम से सहायता प्रदान करके उनकी गिनती में वृद्धि करता है। सिडबी एक महत्वपूर्ण भारतीय बैंक है जो लघु उद्यमों को वित्तीय समाधान प्रदान करने के लिए सक्रिय भूमिका निभाती है।
In conclusion, SIDBI stands for Small Industries Development Bank of India. As a premier financial institution, it has played a pivotal role in providing financial assistance and support to small and medium enterprises, facilitating their growth and development. With its various initiatives and schemes, SIDBI has significantly contributed to the promotion and sustenance of entrepreneurship in India.