Small Industries Development Bank of India

Small Industries Development Bank of India (SIDBI) is a banking institution based in Lucknow, India. Founded in 1990, the purpose of the bank is to promote, finance and develop the micro, small and medium enterprise sector and for coordination of the functions of the institutions engaged in similar activities. The bank also supports enterprise development, skill up-gradation, marketing support, cluster development, technology modernization in the micro, small and medium enterprise sector. The assets of the banking institution are managed by the board of directors.