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1. Small Industries Development Bank of India (SIDBI) was established in 1990 under an act of the Indian Parliament as the principal financial institution for promoting and developing small and medium enterprises in India. 2. SIDBI provides financial assistance to micro, small, and medium enterprises, which make up an important part of the Indian economy, contributing about 45% to manufacturing output. 3. In addition to direct financing, SIDBI also works to promote, develop, and coordinate with other fi

Author

Rahul Yadav

Language

EN