SIDBI is the principal development financial institution for promotion, financing, and development of Micro, Small, and Medium Enterprises (MSME) sector in India.
It was established on April 2, 1990, through an Act of Parliament.
The headquarters of the SIDBI is located in Lucknow, Uttar Pradesh.
It aims to facilitate and strengthen credit flow to MSMEs and address both financial and developmental gaps in the MSME eco-system across the country.
It coordinates the functions of institutions engaged in similar activities.