SIDBI
SIDBI is India's principal government-owned development finance institution, established in 1990, that provides direct lending, refinancing, credit guarantees, and venture capital to Micro, Small, and Medium Enterprises, startups, and informal micro enterprises across India.
- Company typePrivate
- Founded1990
- HeadquartersAgartala, India
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What SIDBI does
SIDBI (Small Industries Development Bank of India) is the principal development finance institution in India wholly owned by the Government of India, established on April 2, 1990, with a statutory mandate to promote, finance, and develop the country's Micro, Small, and Medium Enterprise (MSME) sector. Headquartered in Lucknow with a corporate office in Mumbai and a pan-India network of 125+ branches and 17 regional offices, SIDBI serves MSMEs, startups, and informal micro enterprises through direct lending (term loans, working capital, machinery finance, project funding, green finance), institutional refinancing of partner banks, NBFCs, MFIs, and RRBs, and government scheme implementation including Stand Up India, PM Vishwakarma, and PLI-linked initiatives.
The institution operates a layered technology stack including the SIDBI 4U mobile app, GST Sahay for invoice-based financing (co-developed with iSPIRT and OPL), PSB Loans in 59 Minutes platform (7.11 lakh applications received), Udyam Assist Platform (90+ lakh informal enterprises registered via 135+ Designated Agencies), FIT Rank creditworthiness scoring (with CIBIL TransUnion), participation across all three TReDS platforms (RXIL, M1 Exchange, InvoiceMart) with Rs 228,000+ crore facilitated, and a blockchain-based Security Information Exchange for loan asset tracking. SIDBI manages an interlocking ecosystem of subsidiaries including MUDRA (53.31 crore cumulative borrower accounts), CGTMSE (1.15 crore guarantees, Rs 9.35 lakh crore approved), SVCL (130+ venture investments), RXIL (joint venture with NSE), Acuité Ratings, and ISTSL.
SIDBI generates revenue primarily through interest spreads on direct MSME lending and refinance operations, fee income from CGTMSE credit guarantees (up to Rs 10 crore per borrower), returns from Fund of Funds venture investments (Rs 10,000 crore FFS 2.0 corpus following Rs 25,548 crore deployed across 1,371 startups in scheme 1.0), and concessional bond issuances in the debt capital market. Recent capital actions include a Rs 5,000 crore government equity infusion (FY26-FY28), $215.6 million from the Green Climate Fund, and a Rs 10,000 crore Fund of Funds 2.0 mandate, positioning the institution to expand its beneficiary base and deepen its role in India's MSME credit ecosystem.
SIDBI firmographics
Firmographics- Name
- SIDBI
- Legal name
- Small Industries Development Bank of India
- Website
- https://www.sidbi.in/
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- SIDBI is India's principal government-owned development finance institution, established in 1990, that provides direct lending, refinancing, credit guarantees, and venture capital to Micro, Small, and Medium Enterprises, startups, and informal micro enterprises across India.
- Ownership category
- akta.pro rank
SIDBI industry classification
Industry- Product category
- Development Finance / MSME Banking
- NAICS
- Nondepository Credit Intermediation (5222), Other Activities Related to Credit Intermediation (522390)
- SIC
- Federal & Federally-Sponsored Credit Agencies (6111), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- SBA/Government-Backed & Development Finance Loans (FSAKAGAI)
- akta.pro secondary industry
- Development Finance & Blended Finance Facilities (BPADAOAD)
Keywords
Where SIDBI is headquartered
LocationHeadquarters
- HQ city
- Agartala
- HQ country
- India
- HQ region
- Asia
Offices18 records
Markets served
SIDBI business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Interest Income on MSME Loans: SIDBI earns interest margins by lending directly to MSMEs and through refinance operations to partner institutions including banks, NBFCs, MFIs, and RRBs.
- Venture Capital Investment Returns: Through SIDBI Venture Capital Limited (SVCL) and Fund of Funds operations, SIDBI generates returns from equity investments in startups and MSMEs. The first Fund of Funds scheme facilitated Rs 25,548 crore investments across 1,371 startups.
- Credit Guarantee Fees: Through CGTMSE, SIDBI operates credit guarantee scheme generating fee income. Cumulative guarantees of 1.15 crore worth Rs 9.35 lakh crore approved till March 2025.
- Bond Issuances: SIDBI raises funds through domestic bond issuances in the debt capital market, including regular issuances of Rs 3-8,000 crore at competitive coupon rates.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | MSME Direct Loans - Competitive interest rates with quick sanction process |
| Subscription | Monthly | Green Finance Loans - Attractive rates with incentives |
| Subscription | Monthly | Working Capital - Easy to apply with flexible terms |
| Subscription | Monthly | Project Funding - Customized solutions for strategic projects |
| Subscription | Annual | Luminous Solar Partnership - Up to Rs 500 million with 6.7% effective rate |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels6 records
SIDBI product offering
Product offeringCore offering
SIDBI is India's principal development finance institution for micro, small, and medium enterprises (MSMEs), providing direct MSME loans (term loans, working capital, machinery, and project funding), refinance facilities to banks/NBFCs/MFIs/RRBs, credit guarantees through CGTMSE, startup capital via Fund of Funds, and digital lending platforms (GST Sahay, PSB Loans in 59 Minutes). It also supports receivables discounting via TReDS platforms and operates green/climate finance schemes.
Product overview
SIDBI offers a comprehensive suite of financial products and services for India's MSME sector. The core offerings include MSME Loans (term loans, project financing, working capital, machinery loans) delivered through programs like ARISE, UBHARTE SITAARE, STHAPAN, EXPRESS, and SPEED, alongside institutional finance through refinance to banks, NBFCs, and MFIs. Digital initiatives include the SIDBI 4 U mobile app, Customer Portal, GST Sahay (invoice-based financing), FIT Rank (credit assessment), and Udyam Assist Platform. Supporting infrastructure includes TReDS for receivables discounting and CGTMSE credit guarantees. SIDBI also manages Fund of Funds for Startups (Rs 10,000 crore) as implementation agency and offers green finance products. The MSME Samvaad knowledge-sharing platform extends SIDBI's role beyond lending to ecosystem development.
Differentiator
Problem solved
Functional benefit
Brands
- MSME Samvaad: Television knowledge-sharing programme in collaboration with Prasar Bharati providing practical business insights, expert guidance on access to finance, digital transformation, compliance, and enterprise growth for MSMEs.
- Udyam Assist Platform
- GST Sahay
- SIDBI 4 U
- TReDS
- PRAYAAS
- Stand Up India
- Udyamimitra
Quantifiable outcome
- MSME beneficiaries to increase from 76.26 lakh to 102 lakh by FY28 with Rs 5,000 crore equity infusion
- +5 more outcomes
Companies that use SIDBI
Customer profileNamed customers10 records
Segments6 records
Ideal customer profiles5 records
SIDBI technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature6 records
SIDBI partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered strategic, core and supporting.
- Luminous Power TechnologiesstrategicMoU for expanding affordable solar financing for MSMEs. Offers loans up to Rs 500 million with interest subsidy up to 2%, effective rates as low as 6.7%, repayment tenures up to 10 years. Digital loan approvals within 7 days.
- Bank of BarodastrategicMoU signed to jointly enhance credit flow, expand working capital access, and strengthen financial support for MSMEs and startups. Covers joint financing, startup financing through venture debt, export promotion via BoB's global network, and cluster/innovation support.
- RXIL (Receivables Exchange of India Limited)coreJoint venture between SIDBI and National Stock Exchange (NSE) along with SBI, ICICI Bank, and Yes Bank. India's first TReDS platform licensed by RBI. Has onboarded 50,000+ MSMEs and facilitated over Rs 228,000 crore in MSME receivables financing.
- MUDRA (Micro Units Development & Refinance Agency Ltd.)coreWholly owned subsidiary of SIDBI set up for funding the unfunded micro enterprises. Manages PMMY portal and has facilitated Rs 33.64 lakh crore to 53.31 crore borrower accounts. Authorized capital Rs 5,000 crore, paid up Rs 1,675.93 crore. Cumulatively disbursed refinance of Rs 1,00,404 crore till March 31, 2025.
- ISTSL (India SME Technology Services Limited)supportingSet up by SIDBI along with Indian Bank, Oriental Bank of Commerce, Indian Overseas Bank, and SBI for strengthening technological modernization in MSME sector. Offers technology advisory, consultancy, and renewable energy project management.
- CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises)coreSet up by SIDBI and Ministry of MSME in 2000, operates Credit Guarantee Scheme for MSEs not backed by collateral. Guarantee ceiling Rs 10 crore per borrower. Cumulative 1.15 crore guarantees worth Rs 9.35 lakh crore approved till March 2025.
- SIDBI Venture Capital Limited (SVCL)coreWholly owned subsidiary set up as Investment Management Company for managing Venture Capital Funds. Has made 130+ investments with 100+ exits, focusing on manufacturing businesses and social enterprises including 5 MFIs that transformed into Small Finance Banks.
- Acuité Ratings & Research LimitedcoreTechnology-enabled credit rating agency with 10,300+ ratings assigned. Subsidiary SMERA is world's first SME-focused rating agency with 60,000+ ratings conducted. IFC recognized SMERA as novel initiative for MSME credit flow.
- Department of Posts (DoP)supportingMoU signed December 2025 for Contact Point Verification of Informal Micro Enterprises on Udyam Assist Platform. DoP's 1.64 lakh post offices will verify enterprise details using dedicated mobile app developed by SIDBI.
- ONDC (Open Network for Digital Commerce)supportingMoU signed to help artisans, MSMEs, associations, NGOs onboard ONDC for digital marketing. SIDBI has onboarded artisans, weavers, nano & small enterprises pan-India giving access to e-market space.
- Online PSB Loans Ltd (OPL)strategicSIDBI-led consortium with Public Sector Banks developed PSB Loans in 59 Minutes platform. OPL also developed Jan Suraksha portal and Udyam Assist Platform, manages FIT Rank with CIBIL under SIDBI mentorship.
- iSPIRT (Indian Software Products Industry Round Table)supportingPartnered to develop GST Sahay App, an On-Tap Invoice Based Financing Application for paperless, collateral-free MSME financing based on GST data.
- Prasar BharatisupportingCollaboration for MSME Samvaad television programme providing practical business insights to MSMEs across India. Airs every second and fourth Saturday on Doordarshan National and regional channels.
- Various MFIs (29 listed partners)supportingPartners under PSIG programme including Arohan Financial Services, Annapurna Micro Finance, Bandhan Financial Services, Cashpor Micro Finance, Fusion Microfinance, Ujjivan Financial Services, Utkarsh Microfinance and others for capacity building and liquidity fund support.
- Ministry of Heavy IndustriessupportingSIDBI participates in Ministry meetings on financing mechanisms for electric buses and trucks. Discusses credit guarantee schemes and interest subvention to de-risk lending for commercial EV adoption.
- ICAR-NAARM (National Academy of Agricultural Research Management)supportingSIDBI Seed Fund Program at a-IDEA provides seed funding assistance, mentoring, and enterprise development services for agri-startups with emphasis on off-farm sectors including Post-Harvest Technology, Agri-FinTech, and Value Addition.
- TransUnion CIBILsupportingJoint MSME Pulse report and development of FIT Rank creditworthiness indicator for MSMEs under SIDBI mentorship.
Scale indicators11 records
Recent moves7 records
Expansion highlights6 records
SIDBI competitors and assessment
Company assessmentDirect peers
- NABARD (National Bank for Agriculture and Rural Development): India's apex development finance institution for agriculture and rural development, established by an Act of Parliament in 1982. Like SIDBI, NABARD is government-owned, focuses on priority-sector lending, refinances partner institutions, and operates as a DFI for underbanked segments — making it the closest structural peer to SIDBI in India's DFI ecosystem.
- MUDRA (Micro Units Development & Refinance Agency Ltd.): Wholly-owned subsidiary of SIDBI focused on micro enterprise refinancing through partner banks, NBFCs, and MFIs. Despite being a subsidiary, MUDRA operates at comparable scale (Rs 33.64 lakh crore facilitated) and shares SIDBI's MSME/microfinance mandate, making it a structural peer in product and customer overlap.
- IFCI Limited (Industrial Finance Corporation of India): India's oldest development finance institution established in 1948, now under government control. IFCI provides project finance, industrial lending, and infrastructure funding — overlapping with SIDBI's industrial MSME financing and venture capital operations through similar government-backed DFI structures.
- IIFCL (India Infrastructure Finance Company Limited): Government-owned DFI focused on infrastructure financing, with similar institutional structure to SIDBI. While IIFCL targets infrastructure projects rather than MSMEs, both operate as central-government-owned DFIs providing long-term credit and raising capital through bond issuances.
- National Housing Bank: Apex government-owned DFI for housing finance in India, established by an Act of Parliament. Similar to SIDBI, NHB refinances primary lenders, regulates housing finance companies, and operates under RBI oversight — sharing the institutional DFI operating model.
- EXIM Bank of India: Government-owned export finance institution providing trade credit, project export financing, and buyer credit. While focused on exports rather than MSMEs, EXIM Bank shares SIDBI's DFI structure, government ownership, bond-based funding model, and policy-mandated role in priority-sector development.
Broad incumbents
- KfW (Kreditanstalt für Wiederaufbau): Germany's government-owned development bank providing SME financing, green/climate finance, and international development lending. KfW's SME and green finance divisions operate on a much larger scale but share SIDBI's DFI mandate, concessional lending approach, and government ownership.
- European Investment Fund (EIF): EU-backed DFI specializing in SME credit enhancement, venture capital fund-of-funds, and guarantee schemes for European SMEs. EIF's fund-of-funds and guarantee model (analogous to SIDBI's Fund of Funds and CGTMSE) makes it a strong structural parallel.
- International Finance Corporation (IFC): World Bank Group's private-sector development finance arm focused on emerging market SME financing, venture capital, and blended finance. IFC's fund-of-funds and climate finance operations closely parallel SIDBI's Fund of Funds and Green Climate Fund activities.
- Asian Development Bank (ADB): Multilateral development bank providing loans, guarantees, and climate finance to developing Asia. ADB's MSME finance programs, blended finance facilities, and partnerships with national DFIs (including India) make it a relevant institutional peer at a larger, supranational scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
SIDBI social profiles
Digital presenceSIDBI compliance and trust
Trust signalCompliance1 record
SIDBI financial estimates
Financial estimateRevenue estimate
Valuation estimate
SIDBI leadership team
Management profileNumber of profiles
Profiles18 records
SIDBI subsidiaries and ownership
Company hierarchySubsidiaries6 records
SIDBI funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SIDBI M&A and investment
M&A and investmentM&A
Investments35 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SIDBI
What does SIDBI do?
SIDBI is India's principal development finance institution for micro, small, and medium enterprises (MSMEs), providing direct MSME loans (term loans, working capital, machinery, and project funding), refinance facilities to banks/NBFCs/MFIs/RRBs, credit guarantees through CGTMSE, startup capital via Fund of Funds, and digital lending platforms (GST Sahay, PSB Loans in 59 Minutes). It also supports receivables discounting via TReDS platforms and operates green/climate finance schemes.
Is SIDBI a public or private company?
SIDBI is a private company. It is classified as state government owned and is currently operating.
When was SIDBI founded?
SIDBI was founded in 1990. It employs 501 to 1,000 people.
Where is SIDBI based?
SIDBI is headquartered in Agartala, India, in the Asia region.
How does SIDBI make money?
Four revenue lines are on record. Interest Income on MSME Loans are the primary driver. The others are venture Capital Investment Returns, credit Guarantee Fees and bond Issuances.
Who are SIDBI's main competitors?
Direct peers on record are NABARD (National Bank for Agriculture and Rural Development), MUDRA (Micro Units Development & Refinance Agency Ltd.), IFCI Limited (Industrial Finance Corporation of India), IIFCL (India Infrastructure Finance Company Limited), National Housing Bank and EXIM Bank of India. Broad incumbents are KfW (Kreditanstalt für Wiederaufbau), European Investment Fund (EIF), International Finance Corporation (IFC) and Asian Development Bank (ADB).
Does SIDBI have an API?
No public API is recorded for SIDBI.
What industry is SIDBI in?
SIDBI's product category is Development Finance / MSME Banking. Its primary akta.pro industry code is FSAKAGAI, SBA/Government-Backed & Development Finance Loans, with a secondary code of BPADAOAD, Development Finance & Blended Finance Facilities. Its NAICS code is 5222 and its SIC code is 6111.