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SIDBISmall Industries Development Bank of India
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SIDBI will provide 15 per cent of the total corpus, which will be mobilised by the start- ups through resources under IAF or fund of funds.
Another relevant programme aimed at facilitating technology commercialization is being operated by DST's Technology Information, Forecasting and Assessment Council (TIFAC) in collaboration with SIDBI.
Development Agencies/Nodal Agencies in India like NABARD, SIDBI and RMK provide funds for credit.
SIDBI performs a similar developmental role by providing financial assistance leading to the promotion, financing, and development of small-scale projects and microenterprises.
Despite this obvious importance of MSMEs to the Indian economy, government departments, SIDBI and the RBI have not been able to reach out to the majority of MSMEs.
MOU between the Bahrain Development Bank and the Small Industries Development Bank of India (SIDBI), signed by HE Shaikh Ahmed bin Mohammed Al Khalifa, Minister of Finance, and Mr Maini, Deputy Managing Director of SIDBI, to develop initiatives to help grow SMEs, where both organisations will provide support and technical assistance in areas of expertise.
Though there are some venture capital funds formed by banks such as SIDBI venture fund, IDBI IFCI, ICICI etc.
The data collected from various Annual Report of SSI and MSME, SIDBI Report on MSME, Census of SSI, various issues of Economic Survey, RBI Annual Report and published research.
The potential buyers were mostly public sector companies and banks such as SBI, SIDBI, HPCL and ONGC.
Another positive for MSMEs in this budget was allocation of Rs 5,000 cr to SIDBI for venture fund which would enhance equity availability to MSMEs.
SIDBI provides training for credit utilization as also credit delivery skills for the executives of voluntary organizations working for women.