SMALL SCALE INDUSTRY & DEVELOPMENT
Keywords:
.Abstract
The role played by Commercial Banks, State Financial Corporations and other Financial Institutions in extending assistance to the units in the sector has been noteworthy. So the creation of a specialised bank to cater to the needs of small enterprises exclusively been demanded by SSI Associations for long. SIDBI was set up under an Act of parliament as the all-India principal financial institution. The bank commenced its operation from 1990. Apart from extending financial assistance to the sector, SIDBI coordinates the functions of institutions engaged in similar activities. As an apex institution for the banks lending operations are supplemented with promotional and developmental activities.
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