What is the full form of SIDBI?

This question was previously asked in
SSC MTS 2020 (Held On : 18 Oct 2021 Shift 3 ) Official Paper 27
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  1. Small Industries Development Bank of India
  2. Small Investment Development Bank of India
  3. Service Industries Development Bank of India
  4. Service Investment Development Bank of India

Answer (Detailed Solution Below)

Option 1 : Small Industries Development Bank of India
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The correct answer is Small Industries Development Bank of India.

Key Points

  • SIDBI stands for Small Industries Development Bank of India.
  • Small Industries Development Bank of India (SIDBI) was set up on 2nd April 1990 under an Act of the Indian Parliament.
  • It was formed in the year 1990.
  • It is the apex regulatory body for the licensing and regulation of micro, small and medium enterprise finance companies in India.
  • It comes under the jurisdiction of the Ministry of Finance.
  • Its headquarters is located at Lucknow, Uttar Pradesh.
  • SIDBI is regulated and supervised by the Reserve Bank of India.
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