Explain the following terms/concept: 

SIDBI

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1 Answers

1. Small Industrial Development Bank of India (SIDBI) was established on 2nd April, 1990. 

2. At present, the ownership of SIDBI is held by 34 public sector institutes. 

3. Main focus of SIDBI is to resolve the financial and non-financial hurdles of MSMEs. 

4. SIDBI helps for technological upgradation and modernisation of existing MSMEs.

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