Is SIDBI a NBFC?

SIDBI is a statutory body established in 1990 through an Act of Parliament. SIDBI functions under the Ministry of Finance, Government of India. SIDBI is the apex body which regulates and gives licenses to Micro, Small and Medium Enterprises Finance Companies. You can read about the SIDBI – Small Industries Development Bank of India & its Functions in the given link.

SIDBI is one of the four All India Financial Institutions regulated by the RBI, the other 3 are Exim Bank, NABARD and NHB.

Further readings:

  1. Types of Non Banking Financial Institutions India
  2. World Bank Group – IBRD, IDA and 3 other institutions (UPSC Notes)

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