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India Cluster20 Verified Questions
SIDBI & Small Enterprise Refinance GK Questions & Answers
The Small Industries Development Bank of India (SIDBI) was constituted under the Small Industries Development Bank of India Act, 1989 (Act No. 39 of 1989) and commenced operations on April 2, 1990. Originally established as a wholly owned subsidiary of the Industrial Development Bank of India (IDBI), SIDBI was statutorily delinked under the SIDBI (Amendment) Act, 2000, establishing institutional autonomy with headquarters located in Lucknow. Functioning as India’s principal financial institution for promoting, financing, and developing Micro, Small, and Medium Enterprises (MSMEs), SIDBI coordinates institutional lending under the statutory framework of the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, and its revised composite classification criteria effective July 1, 2020. SIDBI provides indirect refinancing to commercial banks, NBFCs, and Small Finance Banks, alongside direct term lending for clean production technology, green energy adoption, and infrastructure clusters. In 2000, SIDBI and the Ministry of MSME established the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to facilitate collateral-free credit. Furthermore, in April 2015, SIDBI established the Micro Units Development and Refinance Agency (MUDRA) Bank as a wholly owned subsidiary to refinance micro-enterprises under the PMMY framework, while co-promoting the Trade Receivables Discounting System (TReDS) via RXIL.
Where is the head office of the Small Industries Development Bank of India (SIDBI) situated?
Verified Explanation
SIDBI, established on 2 April 1990 under the Small Industries Development Bank of India Act, is headquartered in Lucknow, Uttar Pradesh.
2ID: GK-BANK-00413
mediumHistory of Indian Banking & Nationalisation
In which city is the headquarters of the Small Industries Development Bank of India (SIDBI), established on 2 April 1990 as the principal financial institution for MSMEs?
Verified Explanation
SIDBI was set up on 2 April 1990 under the Small Industries Development Bank of India Act, 1989 as the apex refinancing and development bank for the MSME sector, with its headquarters in Lucknow, Uttar Pradesh.
3ID: GK-BANK-00526
mediumHistory of Indian Banking & Nationalisation
In which city is the principal head office of the Small Industries Development Bank of India (SIDBI) located?
Verified Explanation
SIDBI was set up on April 2, 1990 under the Small Industries Development Bank of India Act, 1989, as the principal financial institution for the MSME sector, with its Head Office established at Lucknow, Uttar Pradesh.
4ID: GK-BANK-00581
easyHistory of Indian Banking & Nationalisation
In which city is the principal head office of the Small Industries Development Bank of India (SIDBI) situated since its establishment in 1990?
Verified Explanation
SIDBI was set up on April 2, 1990 under the Small Industries Development Bank of India Act, 1989 as an apex development financial institution for MSMEs, with its principal head office in Lucknow, Uttar Pradesh.
What is the total corpus of the Fund of Funds for Startups (FFS) established by the Government of India in 2016 under the Startup India Action Plan, managed by SIDBI?
Verified Explanation
The Fund of Funds for Startups (FFS) was established in 2016 with a total corpus of Rs 10,000 crore to provide equity funding to Indian startups. Managed by the Small Industries Development Bank of India (SIDBI), FFS does not invest directly into startups; rather, it commits capital to SEBI-registered Alternative Investment Funds (daughter funds), which in turn invest in innovative early-stage startups.
6ID: GK-SCHM-00438
hardPMJDY, PMSBY, PMJJBY, APY & Pensions
Which trust was jointly established in the year 2000 by the Ministry of MSME and SIDBI to provide collateral-free credit guarantees to financial institutions lending to micro and small enterprises?
Verified Explanation
CGTMSE was jointly set up by the Ministry of MSME, Government of India, and SIDBI in August 2000 to operationalize the Credit Guarantee Scheme for Micro and Small Enterprises.
7ID: GK-ECON-00607
easyIndustrial & Service Sectors
The Small Industries Development Bank of India (SIDBI), the principal financial institution for micro, small, and medium enterprises, has its head office in which city?
Verified Explanation
SIDBI was set up on 2 April 1990 under an Act of Parliament as a wholly-owned subsidiary of IDBI, headquartered in Lucknow, Uttar Pradesh.
8ID: GK-SCHM-00247
easyPMJDY, PMSBY, PMJJBY, APY & Pensions
Which specialized refinancing institution was established as a subsidiary of SIDBI to refinance banks and microfinance institutions under the Pradhan Mantri MUDRA Yojana (PMMY)?
Verified Explanation
MUDRA Ltd (Micro Units Development and Refinance Agency) was set up as a wholly owned subsidiary of SIDBI to provide refinancing support to banks, NBFCs, and MFIs extending loans under PMMY.
9ID: GK-ECON-00165
easyIndustrial & Service Sectors
The Small Industries Development Bank of India (SIDBI), the principal financial institution for micro, small, and medium enterprises (MSMEs), has its headquarters in which city?
Verified Explanation
SIDBI was set up on 2 April 1990 under an Act of Parliament and is headquartered in Lucknow, Uttar Pradesh.
Which premier financial institution operates and manages the 'Fund of Funds for Startups' (FFS) established under the Government of India's Startup India initiative?
Verified Explanation
The Fund of Funds for Startups (FFS) with a corpus of ₹10,000 crore was instituted under Startup India and is administered directly by SIDBI to invest in SEBI-registered Alternative Investment Funds (AIFs).